Meikles seeks ZSE trading readmission

MEIKLES Limited (Meikles) is working to have the suspension on trading its shares on the Zimbabwe Stock Exchange (ZSE) lifted after successfully quelling a nasty boardroom wrangle that ensued at the tail-end of last year.The ZSE said the suspension — which took effect on November 25, 2024 — was necessary “to address corporate governance concerns”…

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Plan out future of tobacco, government told

EXPERTS want authorities to ramp up value addition in the key tobacco sector to boost Zimbabwe’s foreign currency earnings and to foster the golden leaf’s long-term prospects.Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts also said this week that Zimbabwe similarly…

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Proplastics CEO resigns

PROPLASTICS chief executive Kudakwashe Chigiya has resigned with effect from February 19, 2025 and will be replaced by financial director Paschal Changunda in an acting capacity, the company has said.“Kudakwashe has served the company with dedication and commitment, and the board expresses its sincere gratitude for his invaluable contributions to the company’s growth and success.…

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ZimTrade targets Ugandan market

ZIMTRADE has conducted a market scan in Uganda as part of efforts to strengthen trade ties with the country.The scan, primarily carried out in Uganda’s capital, Kampala, is part of ZimTrade’s broader strategy to diversify Zimbabwe’s export markets and gain access to non-traditional trading partners.“The scan, supported by the Ministry of Foreign Affairs and International…

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Diamond sector viability under threat

ZIMBABWE’S diamond industry faces a “murky” future and outlook due to a number of operational challenges, including a depressed international market, statutory obligations and the emergence of synthetic diamonds, which could affect its performance.This comes as one of the world’s largest gem producers, Botswana, has renegotiated its Debswana joint venture agreement with De Beers and…

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Government seeks private investment for irrigation

THE government is urging private investors to provide long-term capital to support irrigation development, as the country moves away from rain-fed agriculture in response to climate change, which has been affecting the sector.Zimbabwe has extensive water resources, with the potential to irrigate over two million hectares. However, fully harnessing this potential requires significant investment in…

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Hospitality sector in sluggish start to ‘2025

THE hospitality sector in Zimbabwe started off on a slow start this year, with businesses feeling the impact of extended holiday closures and delays in reopening across various organisations.According to the Hospitality Association of Zimbabwe (HAZ), these factors have contributed to a subdued first quarter.The industry faces numerous challenges, chief among them inconsistent power supply…

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Heed calls for tobacco industry reforms

AS ZIMBABWE ushers in another promising tobacco marketing season, the calls for structural reforms in the industry can no longer be ignored.With a projected harvest surpassing 280 million kilograms and foreign currency earnings expected to exceed US$1 billion, authorities must address the underlying vulnerabilities that threaten the long-term sustainability of this vital sector.The prosperity of…

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Zim platinum output reaches record high

ZIMBABWE’s platinum output reached an all-time high of 512 000 ounces in 2024, a one percent increase from 507 000 ounces recorded in the previous year, data from the World Platinum Investment Council (WPIC) indicates.In its quarterly global production report, the WPIC said the record production was achieved despite a temporary reduction in output from…

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