LOCAL equities group IH Securities has forecast OK Zimbabwe’s volumes to record marginal growth in the second half of the fiscal year 2023, despite constrained spending in the local currency. Analysing the group’s financial results for the half year ended September 30, 2022, IH Securities said the forecast marginal volume uplift is based on seasonal…
ZIMBABWE is among 13 African countries that launched the 5G network at the end of 2022, latest data shows. According to a report by the Economic Intelligence Unit (EIU), South Africa, Nigeria, Ethiopia, Uganda, Kenya, Tanzania, Zambia, Botswana, Lesotho, Seychelles, Madagascar and Mauritius, are the other countries that launched the 5G network last year. “Much…
FARMERS are optimistic that they will get relief from measures introduced by both the government and private sector to combat theileriosis, more commonly referred to as January disease, which has ravaged the country’s livestock herds. According to recent government estimates, the disease has killed over 500 000 cattle since 2015. Experts attribute the high prevalence…
FBC Holdings (FBC) says it plans to expand its regional footprint in the regional insurance sector as part of the group’s wider regional growth and expansion strategy. The diversified financial services group last year launched a fully-fledged reinsurance company in Botswana as part of its regional growth and expansion strategy. FBC Reinsurance Botswana is a…
LOCAL equities group IH Securities (IH) has flagged a potential dip in Hippo Valley Estates (Hippo Valley) sales volumes in the current fiscal year, as domestic sales are being impacted by cheaper imports. This comes as the industry’s sugar sales into the local market remain under pressure from competing imports, driven by the then-existing suspension…
THE government will use the upcoming crop, livestock and fisheries assessment to gauge growth of private sector funding in agriculture, a senior official has said. Agriculture ministry permanent secretary John Basera said the assessment was scheduled to be completed before the end of this month. “This year, the ministry will also collaborate with different stakeholders…
NATIONAL Foods Limited says the country will still need to import higher protein wheat to attain the stipulated quality of bread despite recording a bumper wheat harvest in 2022. Zimbabwe millers have always cited that they import another variety of wheat that is not produced locally to blend it with the local crop in flour…
AXIA Corporation, FBC Holdings and OK Zimbabwe have returned to the Zimbabwe Stock Exchange (ZSE) Top 10 Index constituents list after registering considerable gains in the fourth quarter of 2022, latest data shows. The exchange’s latest review of the list, which ranks counters by market capitalisation, saw Hippo Valley Estates falling out. The 10 counters…
BINDURA Nickel Corporation (BNC) says it will be able to significantly recover from some of the financial losses it has incurred to date should nickel prices continue on an upward trajectory in the near future. The nickel miner said the average London Metal Exchange (LME) nickel price of US$25,542 per tonne was 40 percent higher…
CALEDONIA Corporation (Caledonia) says it will start ore production and gold recovery from the heap leach at its acquired Bilboes Gold Limited in February and March this year. This comes as the gold miner recently announced the completion of its acquisition of Bilboes Gold Limited. Caledonia announced its agreement to buy Bilboes Gold Limited…
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