AGRICULTURE permanent secretary John Basera says the government plans to launch an electronic farmer-investor matchmaking platform to link farmers with potential investors, as part of its drive to promote collaboration within the sector. In a statement, Basera encouraged farmers with capacity constraints to partner with strategic joint venture investors, adding that they should approach the…
MINES minister Winston Chitando says Zimbabwe has already started receiving proposals for lithium processing following the country’s recent ban on exports of the raw product. Harare banned exports of the raw mineral earlier this year to maximise the nation’s benefit from the resource. “The ban has been very successful because since we put it in…
CAFCA, Zimbabwe’s only cable manufacturer, says its local volumes declined by eight percent for the first quarter that ended December 2022, with the drop being mainly in the utilities sector and factory cash sales. In its trading update, the company said factory cash sales were down as a result of uncompetitive US dollar pricing, which…
CFI Holdings (CFI) says fertiliser sales were constrained by the commodity’s high prices during the ongoing 2022–2023 agricultural season. The country saw a spike in commodity prices, with farmers lamenting the rising costs as a 50kg bag of top-dressing fertiliser surged by 33 percent to US$60 from US$45 in the previous season, while the price…
TANGANDA Tea Company (Tanganda) says its energy costs declined in 2022 on account of investments in renewable energy, which now satisfies 20,55 percent of all power needs. This comes at a time the country is facing an energy crisis, with increasing shortages of electricity hampering industry and investment. “Tanganda Tea Company Limited invested in solar…
ZIMBABWE’s first independent television station, 3Ktv, celebrated a full 12 months of live and uninterrupted broadcasting on Tuesday, as the history-making free-to-air channel continues to grow from strength to strength.
THE Public Accountants and Auditors Board of Zimbabwe (PAAB) says the country has taken a pre-emptive approach to sustainability disclosures in financial reporting by electing early adoption of International Financial Reporting Standards (IFRS), which are yet to be issued. The PAAB decided on early adoption of the standards last year, as Zimbabwe became the third…
ZIMBABWE’S broad money supply, which consists of domestic and foreign currency deposits, increased to $2,33 trillion in December last year from $2,07 trillion in November, the latest data from the Reserve Bank of Zimbabwe (RBZ) shows. In its monthly economic review for December, the RBZ said the money stock was composed of foreign currency deposits…
ZIMBABWE’s business sector is eyeing increased business ties with Pakistan after a surge in exports to the Asian country from just over US$1 million in 2017 to US$14,3 million in 2021. This comes as the Zimbabwe National Chamber of Commerce (ZNCC) signed a memorandum of understanding (MoU) with the Federation of Pakistan Chamber of Commerce…
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