April 18, 2024 - The Financial Gazette

Masimba wary of El Nino

Mishma Chakanyuka, Staff WriterApril 18, 20240128 views

MASIMBA Holdings (Masimba) says the adverse impact of the El Nino weather phenomenon and the declining mineral prices could have spillover effects on infrastructure development spending by government and the private sector thereby impacting execution of its order book. Zimbabwe has just endured a lackluster 2023/24 farming season due to the El Nino-induced drought expected…

Subscribe to read full article. Subscribe today

Diesel consumption ticks up

Almot Maqolo, Staff WriterApril 18, 20240124 views

ZIMBABWE’S diesel consumption, a key component of the country’s transport sector, increased by three percent to 1,07 billion litres in 2023, up from 1,04 billion litres in 2022, according to the latest figures. This rise is attributed to improved economic activity. The 1,07 billion litres mark the highest diesel consumption for the country in the…

Subscribe to read full article. Subscribe today