CBZ Agro-Yield says it will this winter season invest US$45 million in the wheat crop on a targeted 30 000 hectares, up from US$30 million on 22 000 hectares last year. This comes as the government has said the country will increase the area under wheat from about 80 000 hectares to 85 000 hectares…

WILLDALE Limited (Willdale) spent $1,9 billion on local suppliers in 2022, representing a 206 percent increase from $624,48 million in 2021. The company, the only brick maker with a publicly-traded stock, saw a sharp decline in import spending over the period. In 2020, the brickmaker spent $531,45 million on local suppliers. Willdale chairperson Cleopas Makoni…

FIRST Capital Bank (FCB) says it seeks to diversify its loan portfolio, which saw significant growth in agriculture lending last year, to ward off risk. The bank is also targeting new credit lines worth US$90 million. FCB managing director Ciaran McSharry told The Financial Gazette after an analyst briefing that there were other areas with…

NEDBANK Zimbabwe (Nedbank) says its inflation-adjusted profit for the year ended December 31, 2022 rose 311 percent to $12,77 billion from $3,1 billion in the comparative period on the back of increased funded and non-funded income. Unrealised foreign exchange gains contributed 70 percent of the increase in non-funded income, which rose by 205 percent. In…