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…
THE Insurance and Pensions Commission (Ipec) has noted a 104 percent rise in unclaimed benefits in the pensions sector. This climbed to US$14,25 million for the quarter ending December 2024, up from the US$7 million recorded in the same period the year before. Unclaimed pension benefits are funds owed to members or their beneficiaries of…
THE emergence of carbon markets offers a workable commercial answer to dealing with environmental problems and draws in private money, an expert has stated.These trading platforms let companies that pollute buy credits from environmentally friendly projects. This means they effectively pay others to lower emissions for them.Commercial director at Cicada, Karen Jiri, pointed out that…
THE Zimbabwe Investment and Development Agency (ZIDA) says actual investment inflows reached US$0,91 billion for 77 monitored projects with licenses issued between 2022 and 2024.The investment agency said the investments represent only nine percent of the total US$10,06 billion projected by investors initially.“Of note is that an outlier project with a projected investment of US$6,94…
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