THE African Export-Import Bank (Afreximbank) permanent Southern Africa Regional Office and Trade Centre in Harare, Zimbabwe is nearing completion.The US$80 million facility, located in the heart of Harare, will position…
By Almot Maqolo and Mishma ChakanyukaStaff Writers THE jury is still out on the raft of new measures introduced by the government last week to lift ailing businesses and to engender regulatory compliance by the flourishing informal sector.Among the key steps announced by the minister of Finance, Mthuli Ncube, are the mandatory use of point-of-sale…
LOCAL capital markets ― the Zimbabwe Stock Exchange (ZSE) and Victoria Falls Stock Exchange (VFEX) ― could eventually sneeze from the United States of America’s foreign aid freeze, financial analysts, FBC Securities, have warned.Through an Executive Order on Reevaluating and Realigning United States Foreign Aid, the US government suspended all foreign assistance for 90 days,…
SEEDCO Limited (SeedCo) registered a 25 percent growth in operating profit to US$25,8 million for the third quarter ended December 31, 2024 (Q3 FY25) from US$20,7 million a year earlier (Q3 FY24) owing to cost optimisation and enhanced production.The macro-economic conditions remained challenging, characterised by elevated inflation pushing the cost of business higher.Nonetheless, the Zimbabwe…
NATIONAL Foods Holdings Limited (Natfoods) will intensify the domestication of raw material supply chains to reduce reliance on imports and support local industries, a top company executive has said. The group operations span from flour and maize meal milling, prepacking, dry groceries and manufacturing of stock feed.Since the advent of the geo-political tensions in eastern…
By Shephard Kembo and John P. Mkushi ZIMBABWE has become a capital destination of choice once again and this has been given testimony to by the overwhelming high level engagements and conversations from our current and potential clients seeking information from our diaspora advisory investment company.In this article, we will seek to decongest, deconstruct and…
ZIMPLATS says its operations were adversely affected by scarcity of trackless mobile machinery and intermittent interruptions to power supply at its mines during the second quarter ended December 31, 2024.Trackless mobile machines are self-propelled mobile machines used in mines for the purpose of performing mining, transport or associated operations much more efficiently.Zimplats, a subsidiary of…
Elton ManguwoStaff Writer WITH the nation’s livestock sector poised for recovery following the severe drought of the 2023-24 season, small-scale livestock farmers require a strategic investment of US$30 million to support herd rebuilding efforts.Livestock remains a crucial asset for smallholder farmers, serving as both a vital income source and a key component of economic stability.In…
PROPLASTICS says it continues to push for the scrapping of the 15 percent value added tax (VAT) on polyvinyl chloride and high-density polyethylene pipes to ensure a level playing field…
Negotiations for the proposed takeover of Nampak Southern Africa Holding’s 51,43 percent shareholding in Nampak Zimbabwe by TSL Limited are still ongoing, sources close to the matter have said.In a notice to shareholders this week, Nampak Zimbabwe urged the investing public to continue to exercise caution when dealing in the company’s securities.“These discussions follow the…
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