BUSINESS NEWS

RBZ creating artificial money to fund gold exports

THE Reserve Bank of Zimbabwe (RBZ) plans to flood the banking system with more transferable balances created through real time gross settlement (RTGS) intended to support gold exporters in a desperate...

By Staff reporter | Published: 13 September 2018

MINING & RETAIL

Aurex doubles exports

AUREX Holdings (Aurex) has doubled its jewellery exports after inking international marketing agreements with companies such as Suzan General Trading (Suzan), officials say.This also comes as the firm...

By Staff reporter | Published: 06 September 2018

INDUSTRIALS & ENERGY

Millions lost through scrap metal exports

Zimbabwe could save at least $11 million per month and hundreds of jobs if it stops exporting scrap metal and beneficiate it locally, the Zimbabwe Institute of Foundrymen (ZIF) has said. The foundry i...

By Staff reporter | Published: 27 July 2018

BUSINESS NEWS

Zimbabwe exports shoot up marginally

ZIMBABWE's exports increased by 1,8 percent last month rising from $267,1 million in May to $384,4 million in the month of June, official trade figures show.The improved month-on-month export performa...

By Staff reporter | Published: 15 July 2018

BUSINESS NEWS

ZimTrade intensifies efforts to increase exports

THE national export promotion agency, ZimTrade, has intensified efforts to increase exports through engagement with different companies in the services sector.In its monthly newsletter for June, ZimTr...

By Staff reporter | Published: 11 July 2018

LANDS & AGRICULTURE

Virginia tobacco exports reach $184m

Zimbabwe has so far earned $184,3 million after exporting 45,2 million kg of tobacco to 49 countries, a setback of 76 million on export earnings realised during the same period last year. According to...

By Staff reporter | Published: 11 July 2018

INDUSTRIALS & ENERGY

Sakunda plans power exports

SAKUNDA Holdings is in negotiations with the Zimbabwe Regulatory Authority (Zera) and other statutory bodies to export electricity from its 200-megawatt Dema Power Plant to Zambia before year end, bus...

By Staff reporter | Published: 06 July 2018

INDUSTRIALS & ENERGY

Ban scrap metal exports

LOCAL steel manufacturers have called for a temporary freeze on the export of scrap metal until domestic demand is satisfied, as they seek to meet local steel product requirements.The pledge comes at ...

By Staff reporter | Published: 21 June 2018

BUSINESS NEWS

Zim Dutch exports hit $100 000

ZIMBABWE's exports to the Netherlands have gradually increased since 2002 to reach $100 000 last year from $60 000 in 2016.The Netherlands and Zimbabwe have been trading partners for years, especially...

By Staff reporter | Published: 15 June 2018

MINING & RETAIL

Edgars to resume exports

GIANT clothing manufacturer and retailer, Edgars Group, says it will soon resume garments and clothing exports into the region.In an interview after the ZimTrade/Zimra stakeholder engagement seminar h...

By Staff reporter | Published: 05 June 2018

INDUSTRIALS & ENERGY

Call for scrap metal exports ban

SCRAP METAL exports have seriously curtailed industrial production of gold processing equipment and spare parts produced by local foundries, manufacturers in the sector have said.Local foundries have ...

By Staff reporter | Published: 23 May 2018

ECONOMC INDICATORS

Zimbabwe exports up 46%

ZIMBABWE's exports increased by 46 percent to $329,6 million in the first four months of the year compared to $225,6 million during the comparable period last year, official trade figures show.The imp...

By Staff reporter | Published: 15 May 2018

BUSINESS NEWS

Zim exports to South Africa improve

Zimbabwe's exports to South Africa have improved since January reflecting a sudden recovery of strategic local firms in terms of productivity and competitiveness on commodities and services.South Afri...

By Staff reporter | Published: 11 May 2018

BUSINESS NEWS

Leather sector tipped to drive exports

ZIMBABWE'S leather sector stands to reap increased exports for the economy from the recently launched African Continental Free Trade Area (AfCFTA), if given adequate support, according to ZimTrade.The...

By Staff reporter | Published: 07 May 2018

Zim first quarter mineral exports up 14%

Zimbabwe's mineral exports revenue in the first quarter to March this year rose 14 percent driven by sales in platinum group metals and nickel, latest statistics have shown. According to the Minerals ...

By Staff reporter | Published: 23 April 2018

BUSINESS NEWS

Schweppes starts exports to Zambia

Beverages producer, Schweppes Zimbabwe has begun exports of Mazoe Orange Crush to Zambia to boost foreign currency earnings at a time the country is facing shortage of hard currency, managing director...

By Staff reporter | Published: 20 April 2018

MINING & RETAIL

Zimbabwe mineral exports up 12%

MINERAL exports revenue jumped 12% to US$372,5 million in the first quarter of the year (Q1) compared to US$332,4 million in the same period in 2017 driven by increased tonnage output.Figures released...

By Staff reporter | Published: 20 April 2018

LANDS & AGRICULTURE

Tobacco exports decline in first quarter

ZIMBABWE'S tobacco exports have declined by 35.4 percent to 25.3 million kilogrammes in the first quarter of 2017 against 39.2 million kg exported in the comparable period last year.According to the T...

By Staff reporter | Published: 04 April 2018

LANDS & AGRICULTURE

Zambia mulls Zimbabwe soya exports ban

ZAMBIAN oil crushers are said to be pushing their government to ban soya bean exports to cushion themselves from tightening supplies, according to a report by Zimbabwe's Stockfeeds Manufacturers Assoc...

By Staff reporter | Published: 22 March 2018

BUSINESS NEWS

Zim targets $2bn in non-gold mineral exports

Zimbabwe is targeting to earn upwards of $2 billion in mineral exports excluding gold in 2018, up from the $1,6 billion realised last year, the Minerals Marketing Corporation of Zimbabwe (MMCZ) has sa...

By Staff reporter | Published: 28 February 2018

LANDS & AGRICULTURE

Virginia tobacco 2018 exports top $87 million

Zimbabwe has exported flue-cured tobacco to the value of $87 million during the first couple of months of this year, down from $157 million in the corresponding period last year.Latest figures from th...

By Staff reporter | Published: 27 February 2018

INDUSTRIALS & ENERGY

Nestlé Zimbabwe exports up 50%

Nestlé Zimbabwe's exports went up 50% in 2017 from the prior year on the back of increased production from its filling and packaging production lines commissioned last year.The company's manufacturin...

By Staff reporter | Published: 16 February 2018

LANDS & AGRICULTURE

Tobacco exports rake in +$100m

ZIMBABWE earned more than $100 million from exporting 14.2 million kilogrammes of tobacco across the world in January, official figures show.Statistics from the Tobacco Industry and Marketing Board (T...

By Staff reporter | Published: 07 February 2018

MINING & RETAIL

Wagon shortage hampers chrome exports

The Zimbabwe Mining and Smelting Company (ZIMASCO) is failing to export optimum volumes of carbon ferrochrome through Mozambique due to a shortage of rail wagons from the NRZ. Clara Sadomba, the commu...

By Staff reporter | Published: 25 January 2018

BUSINESS NEWS

Exports the salvation for Zim economy - RBZ

ZIMBABWE's economic problems are largely a function of production deficiencies, which require the country to exploit the current pro-business environment to increase productivity for export growth and...

By Staff reporter | Published: 08 January 2018
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