FINANCIAL services group CBZ Holdings (CBZ) says its lending portfolio increased by 3,7 percent during the half year (H1) to June 30,2024 in line with the borrowing appetite in most productive sectors of the economy. CBZ’s loan book grew to ZWG4,76 billion in H1 2024 from ZWG4,60 billion at the end of 2023. The loan…
NATIONAL Tyre Services Limited (NTS) says it will leverage on the rolling extensive road rehabilitation program aimed at improving infrastructure and enhancing road safety, potentially leading to increased vehicle traffic and demand for tyre services. In 2022, the government declared the dilapidated roads a national disaster. Under the Emergency Road Rehabilitation Programme 2, it set…
THE Zimbabwe Building Contractors Association (ZBCA) says power supply shortages being experienced in the country have hindered the construction industry’s progress in making raw materials for the production and export…
THE Common Market for Eastern and Southern Africa (COMESA) has highlighted restricted market access as a major barrier to the growth of Micro, Small, and Medium Enterprises (MSMEs), undermining efforts toward regional economic integration. MSMEs play a critical role in Zimbabwe’s economy, generating over 60 percent of economic activity and employing millions of people. Despite…
THE Zimbabwe Investment Development Agency (Zida) is set to launch a matchmaking platform for small and medium enterprises (SMEs) by the end of the year. The platform aims to enhance connectivity and collaboration among SMEs to drive investment and growth. Speaking at the Zida Annual Stakeholders’ Strategy Input Forum, chief executive, Tafadzwa Chinamo, confirmed that…
THE Livestock and Meat Advisory Council (LMAC) is urgently advocating for a structured export facility to revitalise Zimbabwe’s beef exports. It points to significant untapped potential in international markets and a critical opportunity to rejuvenate the nation’s agricultural sector. While Zimbabwe’s once-flourishing beef export industry may be a memory, the potential to restore and restructure…
IH SECURITIES (IH) predicts Caledonia Mining Corporation’s (Caledonia) revenue will reach US$176 million by the end of the fiscal year, driven by favourable gold prices. This forecast comes as gold prices are expected to hit US$2 500 per ounce in the fourth quarter of 2024. IH notes, “Rising gold prices did not only help to…
RETAIL giant OK Zimbabwe Limited (OK Zimbabwe) managed to save up to US$40 000 in overall monthly distribution costs during the fiscal year ended March 31, 2024 following a major investment into its delivery fleet. The investment is part of the group’s long-term strategy to assume control of its stock delivery value-chain and minimise hiring…
FIRST Capital Bank (First Capital) loans to customers grew 11,2 percent in the six months ended June 3, 2024 to ZWG1,3 billion (US$94,7 million) from ZWG1,2 billion (US$86,1 million) recorded on December 31, 2023 as the financial institution capitalised on credit demand in the economy. Early this year, First Capital Bank secured an additional US$20…
ZB FINANCIAL Holdings (ZB) reported total assets of ZWG9,143 billion for the half year period to June 30, 2024 which was a marginal four percent increase from prior year’s ZWG8,772 billion as the group withstood macro-economic headwinds. Using official data from Reserve Bank of Zimbabwe’s mid-term monetary policy statement, which reported total banking sector assets…
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