LOCAL companies should align their sustainability reporting with internationally recognised standards to be able to unlock offshore funding to spur growth in an increasingly eco-conscious marketplace, Finance minister Mthuli Ncube has said.In February this year, capital markets regulators, in a joint statement, made it mandatory for all listed companies on the Zimbabwe Stock Exchange (ZSE)…
MINING firm, Vigilant Resources, has been placed under corporate rescue amid operational challenges and ballooning debts.The mining firm owns gold-rich special grants, including number 5426 in the Chaka area west of the city of Kwekwe, Zimbabwe.“If you are owed money by the company for any reason whatsoever, you are required to complete an affidavit or…
ZIMRE Holdings Limited (ZHL)’s newly developed mall in Mazowe, just outside Harare, is approaching full occupancy, with most retail units leased to established brands, the company has said.The mall is poised to become a premier shopping destination, offering convenience and quality retail experience in the predominantly farming community.The expansive eco-conscious design of Mazowe Mall reflects…
AGRIFOODS’ sales volumes grew moderately, by four percent during the year ended September 30, 2024 defying the harsh impact of drought and partly boosting overall group performance.The stock feed subsidiary of Zimbabwe Stock Exchange (ZSE)-listed CFI Holdings struggled primarily due to raw material shortages as a result of the El Niño-driven drought, which severely disrupted…
GLOBAL Indian cloud software company Zoho Corp is set to invest US$15 million in Zimbabwe to encourage technology adoption and digital transformation for small and medium enterprises and large enterprises. In…
FIRST Capital Bank Zimbabwe (FCB) says it mobilised financial resources from various creditors for on-lending as it continues to expand its loan portfolio.FCB chief executive, Tapera Mushoriwa, said the bank’s loan portfolio increased by 150 percent during the year ended December 31, 2024, supporting key sectors including manufacturing, mining, tourism and agriculture.The financial institution recorded…
THE current liquidity squeeze is stifling financing of the upcoming winter wheat production season, which could impact on overall output, the Food Crop Contractors Association (FCCA) has warned.Foreign currency shortages worsened by the tightening of the ZiG supply by the authorities have presented headaches for financiers and farmers across the country amid rising costs of…
ZIMBABWE’s maize production is estimated to reach 2,3 million tonnes for the 2024/25 season, a significant recovery after a devastating drought which reduced output by over 70 percent last year.According to the latest crop assessment report, the 2,3 million tonnes represents the fourth-highest production level ever recorded in the country.The report indicates that the area…
DAIRIBORD Holdings (Dairibord) plans to effectively reduce supply chain costs, at the same time attaining a stable supply of raw milk by investing in out-grower support schemes.The Zimbabwe Stock Exchange (ZSE)-listed milk processor envisions that this strategic focus will result in better control of input costs and product supply, minimising over-reliance on external suppliers.The group…
THE Airports Company of Zimbabwe’s (ACZ) total revenue increased slightly by two percent, from US$31,28 million in 2023 to US$31,92 million in 2024, as it now focuses on making its income streams more varied. A similar two percent growth was seen in aeronautical revenue, which rose from US$26,4 million in 2023 to US$26,99 million in…
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