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.
HARARE, November 16 (The Source) – Cable manufacturer CAFCA reported a 73 percent increase in profit after tax to $726,213 for the year ended September 30, on the back of increased sales volumes.
HARARE, November 14 (The Source) – The European Union has pledged $30 million to fund development of the livestock value chain in Zimbabwe.
HARARE,November 13 (The Source)- CFI Holdings acting Chairperson Grace Muradzikwa has resigned ahead of the agro-industrial group’s extraordinary general meeting (EGM) meant to fire her and two other directors. Muradzikwa has been on the board since 2004, she served as the acting chairman since April… Read More
HARARE,November 13 (The Source)- Caledonia Mining Corporation said its after tax profit increased almost three times to $3,1 million in the third quarter to September compared to $1,1 million in the same period last year on increased gold production.
HARARE, November 13 (The Source) – Zimbabwe’s largest retailer, OK Zimbabwe last week said its internal tracking of inflation showed that inflation stood at 7,69 percent in September, much higher than the 0,78 percent given out by the Zimbabwe Statistics Agency (Zimstats), laying bare the… Read More
HARARE, November 13 (The Source) – Zimbabwe has relaxed restrictions on fertilizer and agro-chemical imports as local manufacturers struggle to meet demand.
HARARE, November 10 (The Source) – Australian-listed junior miner Prospect Resources has secured a seven year offtake arrangement with Hong Kong based Sinomine Resources Exploration.
HARARE, November 9 (The Source) – Retail group OK Zimbabwe on Thursday said its net income more than doubled to $5,1 million in the six months to September, from $2,3 million in the comparable period last year on increased revenue and inflationary pricing.
HARARE, November 9 (The Source) – African Distillers sales volumes and revenue fell below budget in the first quarter to September, but the beverage maker expects improvement in the second quarter, boosted by demand in the festive season.
HARARE, November 8 (The Source) – Delta Corporation on Wednesday reported a 4 percent increase in after tax profit to $32,3 million for the six months to September, from $30,98 million in the comparable period last year on improved finance and income from associates.
HARARE, November 8 (The Source) – National Foods says profitability for the first quarter to September is largely in line with expectations,but volumes fell 10 percent below the same period last year.
South African cement maker PPC Ltd flagged an increase of as much as 40 percent in half-year profit on Tuesday, citing robust performance in Zimbabwe and Rwanda and lower finance costs.
HARARE, November 5 (The Source) – The Zimbabwe Stock Exchange (ZSE) industrial index gained 2.2 percent to 525,63 points after a recovery in some heavyweight counters.The mining index also gained 2,37 percent to close at 140,5 points. Market capitalisation increased by 2,25 percent in the… Read More
HARARE, November 3 (The Source) – Zimbabwe requires at least $10 billion to fund various power projects which would see the country generate an additional 4,192 megawatts and plug a crippling power deficit.