Zimbabwe to set up US$20 milllion lithium battery factory
ZIMBABWE is set to build a US$20 million lithium battery manufacturing factory as the country seeks to ramp up value addition efforts, Finance minister Mthuli Ncube says.
ZIMBABWE is set to build a US$20 million lithium battery manufacturing factory as the country seeks to ramp up value addition efforts, Finance minister Mthuli Ncube says.
FINANCIAL services group, ZB Financial Holdings (ZB), is targeting high-value customers through its latest innovative product —Premium Service Centre — as the group moves to conclude its transformation journey this year. Premium service targets high net worth customers and people who make an impact at a national and global economic scale through the “My ZB”…
FBC Securities says the Victoria Falls Stock Exchange (VFEX) is set for increased activity in 2023 buoyed by a growing number of listings. The US dollar-denominated market launched in 2020 as part of efforts to attract global capital, restore foreign investor confidence in Zimbabwe’s capital markets and assist companies raise foreign currency capital, saw an…
CLOTHING retailer, Truworths says it will focus on productive cost rationalisation and working capital management as its volumes are currently under threat owing to the suspension of the local currency and limited US dollar credit. The company suspended its ZW$ credit sales on 1 July 2022 due to high interest rates which were hiked by…
THE Zimbabwe Stock Exchange (ZSE) is unlikely to see the same level of interest for listings this year that it did in 2022 due to its recent slump in trading activity, analysts say. The market last year added four Exchange Traded Funds (ETFs), as well as a Real Estate Investment Trust (REIT). Before the government…
AFRICAN Distillers (Afdis) says its spirits category grew by 19 percent benefitting from a focus on the affordable market segment, as the business seeks to regain share from cheaper and illicit products. In a trading update for the third quarter ended December 31, 2022, the wine and spirits maker reported overall volume growth of 10…
IN last week’s article, I discussed the importance of estate planning and the importance of engaging a legal practitioner to navigate all the issues connected with optimizing the administration of one’s assets. This week, I will expand the conversation by looking at questions that are frequently asked by clients as well as the duties of…
THE Infrastructure Development Bank of Zimbabwe (IDBZ) says it is this year working with relevant government ministries to issue US$25 million for financing both new and current irrigation infrastructure. IDBZ manager for infrastructure projects, Alex Mashonganyika, said the bonds would make up the bank’s intervention in the irrigation infrastructure space for the year. “We are…
ZIMBABWE has set a new target to produce 109 million litres of milk this year after surpassing last year’s target of 90 million litres. According to an Agriculture ministry official Addmore Waniwa, the country recorded increased herd growth and improved on-farm feed production, which saw production going up by15 percent to 91,31 million litres in…
THE Zimbabwe Economics Society (Zes) says the government should put in place measures that promote foreign remittance inflows. Diaspora cash remittances are a vital source of foreign currency liquidity for the country’s and an important source of household incomes. “It is quite evident that remittances are playing an important role in reducing the liquidity constraints…
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