By Simbarashe Zishiri, HARARE, July 21 (The Source) – Agro-industrial group CFI Holdings on Thursday traded at 31,05 cents, 41 percent above Stalap’s minority offer price of 22 cents, raising the possibility of a bidding war among shareholders defending their interests in the agro-industrial group.… Read More
HARARE, July 20 (The Source) – Agro industrial group Zimplow has posted $263,000 profit after tax for the six months to June from a $2 million loss in the comparable period last year.
HARARE, July 20 (The Source) – Beverage giant Delta Corporation on Thursday reported a two percent increase in revenue for the first quarter to June 30 relative to the comparable period last year driven by volume growth in most segments.
HARARE, July 13 (The Source) – Anyone who has worked in the tobacco industry will testify that buying and selling the golden leaf is a notoriously painstaking exercise where every bit of leaf that goes through the auction system is checked and re-checked, mostly for… Read More
HARARE, July 12 (The Source) – The Oil Expressers Association of Zimbabwe says it has engaged government for a financing facility of $100 million for soya bean production.
HARARE, July 11 (The Source) – Zimbabwe’s small grain production is projected to reach 388,000 tonnes for the 2016/17 season, from 76,000 tonnes previously, an official said on Tuesday.
HARARE, June 30 (The Source) – Starafrica Corporation posted a 75 growth in revenue to $32,6 million for the year ended March 31, driven by improved production at its Goldstar Sugars Harare (GSSH) and profitability at Country Choice Foods (CFC).The company recorded positive earnings before… Read More
VICTORIA Falls, June 30 (The Source) — Zimbabwe will not be exporting beef anytime soon because of regular outbreaks of foot-and-mouth (FMD) disease and government does not have resources to eliminate the disease, according to deputy agriculture minister, Paddy Zhanda. The southern African nation has… Read More
VICTORIA FALLS, June 29 (The Source) -Zimbabwe’s power utility says the country’s farmers are reluctant to pay for electricity and have accrued $180 million in unpaid bills since 2013. Zimbabwe Electricity Supply Authority (ZESA) which has been struggling to recover over $1 billion in unpaid… Read More
HARARE, June 27 (The Source) – Ministry of agriculture says that 37,000 hectares of wheat has been planted against a target of 60,000 hectares, Parliament heard on Tuesday. This represents a 165 percent increase on the 14,000 hectares planted in the 2016/7 season and 10,000… Read More
HARARE, June 23 (The Source) – Agro-industrial group TSL on Friday reported a 163 percent increase in net income to $1,58 million in the six months to April 30, driven by an improved performance by the agro chemicals business and higher grain production.
By Kuda Chideme, HARARE, June 21 (The Source) – Zimbabwe’s economy will grow by 2.8 percent this year, lower than the government projection of 3,7 percent spurred by increased output in agriculture, the World Bank said on Wednesday. The southern African nation is recovering from… Read More
HARARE, June 20 (The Source) – The Agricultural Bank of Zimbabwe (Agribank) has set up a $10 million facility aimed at promoting horticulture production in the country. The facility has an annual interest rate of up to 10 percent and has a tenor of up… Read More
HARARE, June 15 (The Source) – Grain deliveries to the Grain Marketing Board for the 2016/17 farming season have doubled to 60,000 tonnes compared to the corresponding period, an official told The Source on Thursday. Farmers started delivering to the GMB in April. GMB vice… Read More
HARARE, June 9 (The Source) – Milk production in the first five months to May marginally declined to 25,7 million litres from 26,5 million litres in the prior year, latest official figures show. Milk intake by processors was down to 22,9 million litres from 23,5… Read More