LANDS & AGRICULTURE

Milk production in July increases 5%

Milk production increased 4.84% in July to 6.5 million litres which is two thirds of the country's monthly requirements of 10 million litres. According to the latest Zimbabwe Dairy Services stati...

By Staff reporter | Published: 01 September 2020

ZIMBABWE

ZSE stocks incredibly cheap, says Imara

The Zimbabwe Stock Exchange (ZSE) is incredibly cheap at the moment and provides a viable and liquid hedge for long term savings such as pension funds, which are at risk of being wiped out by raving i...

By Staff reporter | Published: 18 October 2019

MINING & RETAIL

ZIMRA delays Prospect's bid to increase stake in Arcadia

Prospect Resources says a Zimbabwe Revenue Authority (ZIMRA) clearance certificate is the only remaining consent required to complete the transaction of increasing its stake in Arcadia Lithium Project...

By Staff reporter | Published: 17 October 2019

LANDS & AGRICULTURE

Zimbabwe milk output increases to 52.51 mln litres in 8 months to August

Zimbabwe's raw milk production in the first 8 months to August rose 10% to 52.51 million litres from 47.84 million litres recorded in the same period last year. However, the output is still 56% below ...

By Staff reporter | Published: 02 October 2019

INDUSTRIALS & ENERGY

Silo Foods increases grain producer price to RTGS$4 000 per tonne

Silo Foods Industries is now buying maize and small grain from farmers at RTGS$4 000 per tonne, representing a 90.47% increase from RTGS$2 100 being offered by its parent Grain Marketing Board (GMB).&...

By Staff reporter | Published: 02 October 2019

BUSINESS NEWS

Zimbabwe's poverty datum line increases by 13%

Zimbabwe's poverty datum line has increased by a further 13 percent for the month of August to more than 1 800 dollars resulting in continued deteriorating purchasing power for the majority.The povert...

By Staff reporter | Published: 01 October 2019

INDUSTRIALS & ENERGY

ZESA set to increase power exports to Namibia

State-run Zimbabwe Electricity Supply Authority (ZESA) senior officials are expected to meet with executives from Namibia's electricity company NamPower and finalise some on-going negotiations for the...

By Staff reporter | Published: 30 September 2019

BUSINESS NEWS

Starafrica eyes 10% increase in exports

After concluding an agreement with ZETDC last month to ensure continuous power supply to the factory, Starafrica Corporation intends to recover 10% of production lost by accelerating export sales in t...

By Staff reporter | Published: 28 September 2019

MINING & RETAIL

Retailers shift blame on price increases

RETAILERS, who stand accused of profiteering, have attributed the relentless price increases to currency instability and the rising cost of doing business. In an interview, Confederation of Zimbabwe R...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Zimpapers records 63% revenue increase

INCREASED investment towards tapping digital opportunities remains the anchor for the growth of Zimpapers (1980) Limited, the country's leading integrated media group, as it seeks to diversify operati...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Harare proposes 300% increase in service charges

Harare City Council yesterday presented a ZW$483 million supplementary budget which will see a 300% rise in charges for water, refuse collection, clamping fees, tow-away and burial space, among other ...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Govt to increase civil service salaries

Government is set to increase civil service salaries, potentially beginning this month-end to cushion them from recent price hikes once a framework to guide the planned pay and benefits rise has been ...

By Staff reporter | Published: 09 July 2019

INDUSTRIALS & ENERGY

Pepsi Zimbabwe increases production by 200%

PEPSI Zimbabwe, the local unit of Varun Beverages, says production capacity at its manufacturing and bottling plant in Harare has increased by 200% due to huge demand of its product, local and abroad....

By Staff reporter | Published: 20 June 2019

LANDS & AGRICULTURE

Increased revenue drives Seed Co PAT to US$90,7m

Seed Co Limited posted an after-tax-profit of US$90,7 million in the year ended March 31, up from US$21,4 million recorded in the prior year, driven by an increase in revenue.Revenue was up 16% to US$...

By Staff reporter | Published: 14 June 2019

BUSINESS NEWS

Botswana targets increased trade with Zimbabwe

THE Botswana Investment and Trade Centre (BITC) says it hopes to increase trade with Zimbabwe from the current US$30 million to US$105 million buoyed by the export credit line scheme currently under d...

By Staff reporter | Published: 29 April 2019

BUSINESS NEWS

Botswana ready to increase Zimbabwe trade ties

BOTSWANA is ready to strengthen economic ties with Zimbabwe so as to boost economic growth for both countries.  Botswana Investment and Trade Centre chief operations officer, Mr Reginald Selelo, ...

By Staff reporter | Published: 26 April 2019

FINANCIAL SERVICES

BancABC doubles profits on increased lending

BANCABC'S after tax profit increased more than two-fold to US$10,8 from US$5,2 million in the full year ended December 31, 2018, driven by growth in net interest income as the bank upped its lending.I...

By Staff reporter | Published: 24 April 2019

LANDS & AGRICULTURE

Tobacco deliveries increase as prices firm

Tobacco deliveries at most auction floors are increasing gradually, with the Government yesterday saying it expected prices to firm after the Easter holidays. The 2019 tobacco marketing season started...

By Staff reporter | Published: 24 April 2019

BUSINESS NEWS

ZimTrade aims to increase exports by 10%

TRADE and export promotion body ZimTrade has projected to increase exports of value-added goods and services by 10 percent this year through lining-up various promotional programmes aimed at encouragi...

By Staff reporter | Published: 20 January 2019

BUSINESS NEWS

Zimbabwe civil servants reject $78 salary increment

GOVERNMENT now faces a crippling civil service strike after its' revised offer of $78 for the lowest paid worker or 20% on a sliding scale was rejected by negotiators, who want nothing less than $1 70...

By Staff reporter | Published: 19 January 2019

TRANSPORT & TOURISM

Tourists arrivals to Zimbabwe increase by 4%

TOURIST arrivals to Zimbabwe increased 4% in the nine months to September 2018 to 1,8 million from 1,7 million in the corresponding period the previous year as international perceptions of the country...

By Staff reporter | Published: 11 January 2019

TRANSPORT & TOURISM

HAZ calls for increased air connectivity

The Hospitality Association of Zimbabwe (HAZ) says prospects are bright for the tourism sector if Government improves connectivity of tourist centres by air. Further, HAZ called on the Government to p...

By Staff reporter | Published: 01 January 2019

BUSINESS NEWS

Bulawayo tourist arrivals increase

BULAWAYO registered a significant growth in its tourism industry this year riding on increased marketing by players in the sector and the Government. In an interview last week, a representative of the...

By Staff reporter | Published: 31 December 2018

BUSINESS NEWS

NRZ sees 9,6% increase in cargo volumes

THE National Railways of Zimbabwe (NRZ) has moved more than three million tonnes of freight cargo between January and November 2018, an increase of 9,6 percent when compared to the same period last ye...

By Staff reporter | Published: 21 December 2018

BUSINESS NEWS

Volume of travellers in Beitbridge increases

There is increased activity at Beitbridge Border Post as Zimbabweans based in South Africa are coming back home for the Christmas and New Year's holidays. Long queues of vehicles and people have been ...

By Staff reporter | Published: 20 December 2018
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