finance

LPG consumption up 68 pct in Q1

LIQUEFIED Petroleum Gas (LPG) consumption in Zimbabwe rose by 68 percent in the first quarter of 2025, reaching 26,8 million kilogrammes (kgs), up from 15,98 million kgs in the comparative period, latest data from the Zimbabwe Energy Regulatory Authority (Zera) shows. In March 2025, LPG consumption increased by 46 percent to 9,23 million kg, up…

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‘Cereal import ban to disrupt supply’

THE proposed ban on the importation of cereals by the government could result in abrupt shortages and disruption to processors’ supply chains, the Food Crop Contractors Association (FCCA) has warned.This follows recommendations by Agriculture minister Anxious Masuka in the Crops, Livestock and Fisheries Assessment 2024/25 summer season report, which suggests that cereal imports should be…

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Stellantis appoints new CEO

AMSTERDAM – STELLANTIS N.V announces that its Board of Directors has unanimously selected Antonio Filosa as its new Chief Executive Officer following a thorough search process of internal and external…

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VFS Global acquires major stake in CiX

VFS Global, a global technology firm that provides secure global mobility for governments and citizens, has completed the acquisition of a majority stake in CiX Citizen Experience, a Brazil-based digital and physical citizen services provider.VFS Global, which also operates in Zimbabwe, will want to leverage this partnership to accelerate CiX’s expansion across key markets in…

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Oligopoly in cooking oil sector keeps prices high

ONLY three companies account for nearly 70 percent of Zimbabwe’s cooking oil production, resulting in high price-setting despite a significant decline in input costs, the Common Market for Eastern and Southern Africa (COMESA) Competition Commission has noted.The situation has created an oligopoly in the industry, which is a state of limited competition, in which a…

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ZBFH nears banking operations merger

ZB FINANCIAL Holdings (ZBFH) is closing in on the long-awaited merger of its two banking operations, ZB Bank and ZB Building Society (ZBBS), in a strategic effort to optimise capital and streamline operations. The diversified financial services group with operations across banking, insurance, real estate and asset management wants to fold ZBBS operations into ZB…

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