HARARE, January 31 (The Source) – CFI Holdings reported an after tax profit of $879,800 for the year ended September 31, 2017 from a $45 million loss in the prior year, driven by a 45 percent increase in revenue.
HARARE, January 30 (The Source) – Agro-industrial group TSL on Tuesday reported a 75 percent increase in net income to $4,8 million in the full year to October 2017 from $2,8 million in the previous year, driven mainly by a recovery of the company’s agriculture… Read More
HARARE, January 23 (The Source) – The Grain Marketing Board (GMB) posted a loss of $208,9 million in the 2016/17 season after government ordered it to buy maize from farmers at $390 and resell at $240 per tonne.
HARARE, January 10 (The Source) – Border Timbers is hoping to have at least $5 million in tax penalties written off, and allow it to enter into a scheme of arrangement with creditors and eventually come out of judicial management.
HARARE, December 12 (The Source) – Zimbabwean banks are willing to accept government issued 99-year leases as collateral for loans to farmers, an official has said.
HARARE, December 7 (The Source) – Zimbabwe’s raw milk production increased by 4,8 percent to 5,89 million litres in October, compared to 5,62 million litres recorded in the same period last year, latest figures show. Latest data from the Dairy Services Department shows that retailed… Read More
HARARE, December 6 (The Source) – Stalap nominated directors Douglas Mamvura and Ephraim Chawoneka resigned from CFI Holdings board on Tuesday night ahead the agro-industrial group’s extraordinary general meeting (EGM) called to dismiss them.
HARARE, December 5 (The Source) – State-run pension fund, National Social Security Authority (NSSA), says it has started due diligence processes to acquire an 80 percent stake in the struggling Cold Storage Company (CSC) after the government approved the transaction.
HARARE, December 5 (The Source) – CFI Holdings acting executive Timothy Nyika has thrown in the towel as the fight for control of the agroindustrial group between major shareholders intensifies.
HARARE, December 1 (The Source) – More than 100,000 farmers have registered to grow tobacco in the 2017/18 season, a 36 percent increase from 73,492 in the previous season, statistics from the industry regulator have shown.
BULAWAYO, November 30 (The Source) — The National Railways of Zimbabwe (NRZ) has refurbished the Nandi-Mkwasine railway line in Chiredzi at a cost of more than $10 million, an official has said. NRZ public relations manager, Nyasha Maravanyika said the European Union (EU) had partly… Read More
HARARE, November 28 (The Source) – Zimbabwe’s tobacco exports increased by seven percent, earning $827,4 million as at November 22 compared to $771,8 million last year, latest statistics from the industry regulator show.
HARARE, November 23 (The Source) – Regional seed producer, SeedCo narrowed its loss after tax to $2 million in the six months to September from $9,3 million in the comparable period last year, attributable to an increase in sales and a decline in finance costs.
HARARE, November 21 (The Source) – Hippo Valley Estates on Wednesday said its net profit rose fourfold to $5,6 million in the six months to September from $1,4 million in the comparable period last year.
HARARE, November 17 (The Source) – The Reserve Bank of Zimbabwe (RBZ) says it will pay tobacco farmers an export incentive of 12,5 percent up from 5 percent, in a bid to spur production in the upcoming 2018 farming season.