Elton ManguwoStaff WriterAdvertisementsWILLDALE Limited has issued a cautious guidance for the year 2025 anticipating a continuation of tight liquidity conditions which led to working capital constraints and production inefficiencies during the financial year ended September 30, 2024.The brickmaking concern was further hampered by poor cash generation with cash from operations dipping 18 percent to US$535…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-312043.mp3?cb=1736359918.mp3ZIMBABWE’s new gold production record of 36,48 tonnes in 2024, up 21 percent from 30,1 tonnes the prior year, should give a major boost to the country’s local currency — the ZiG — which is backed by a basket of minerals, mainly gold, analysts say.AdvertisementsGold producers broke the national target of 35 tonnes that had…
DAIRY farmers in Zimbabwe produced 104,63 million litres in the first eleven months of 2024, just 11 million litres shy of the target for the year, despite a challenging operating environment.AdvertisementsThe country’s dairy industry experienced a resurgence, with August 2024 marking a record monthly high of 10,15 million litres, the highest output in seven years.This…
IMPROVED volume performance and cost cuts enabled sugar producing firm Star Africa Corporation (Star Africa) to return to profitability, shrugging off stiff competition from cheaper imported sugar flooding the local market, the company has said.In its interim results statement for the six months to September 30, 2024, company chairman Rungano Mbire said the group reassessed…
MARK Manson, in his book The Subtle Art of Not Giving a F****, argues that happiness isn’t the absence of problems, but rather the act of solving them. “Happiness comes from solving problems,” he writes.Advertisements “The secret sauce is in the solving of the problems, not in not having problems in the first place.” This…
Contango Holdings Plc says it has received its first royalty payment of US$200 000 from its Muchesu coal project in Zimbabwe.This payment is part of a Mineral Royalty Agreement (MRA) with Huo Investments (Pvt) Limited, which is set to bring the total royalty receipts to US$1,000,000 by the end of this month, with an additional…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-312047.mp3?cb=1736361246.mp3Prisca TshumaStaff WriterAdvertisementsZIMBABWE’S exports rose by 29,7 percent to US$905,2 million in November 2024, up from US$698,1 million recorded in October 2024, according to the latest figures.Data from the Zimbabwe National Statistics Agency (Zimstat) shows that tobacco was among major exports.“Among the top ten products exported in November 2024 were semi-manufactured gold, which accounted for…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-312253.mp3?cb=1737009822.mp3THE Chairperson of the Land Tenure Implementation Committee (LTIC) has said the recently introduced bankable deeds for state-owned land will not result in banks seizing control of large tracts of land or a de facto or de jure reversal of the land reform programme.AdvertisementsSpeaking yesterday on the “Face the Nation” edition on national television, LTIC…
LEADING Pan African Bank – Ecobank Zimbabwe – has bankrolled the launch of the 2024-25 summer farming season ceremony to promote the attainment of a food self-sufficient Zimbabwe for all. Advertisements To be held on November 21, 2024 at the Zimbabwe Agricultural Society (ZAS) Business Hub in Harare, the 2024-2025 farming season launch breakfast ceremony…
THE Agricultural Marketing Authority (AMA) has reported that its Village Business Units (VBUs) have generated a promising US$65 797 in sales, showcasing the initiative’s effectiveness in promoting market-led farming and boosting rural livelihoods.Advertisements The VBUs, created to establish direct market linkages for small-scale farmers, are helping them reach new buyers and improve their incomes. “We…
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