ZIMBABWE produced 37,65 million litres of milk between January and April this year, marking a four percent increase from 36,34 million litres recorded the same period last year, the dairy services department in the ministry of Agriculture says. During the period under review, milk intake by processors rose four percent to 34,64 million litres from…
EXPERTS are concerned about plans by authorities to maintain, and possibly to increase, the portion of foreign currency earnings that exporters must relinquish. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts warned this week that such a move could have the…
DELTA Corporation (Delta) says together with its associate Schweppes Zimbabwe, they paid a total of US$20,7 million in sugar tax for the financial year ended March 31, 2025, severely impacting profit margins.The US$0,001 per gramme sugar tax, which came into effect last year, has become a significant cost burden on local beverages makers who continue…
ZB Financial Holdings (ZB) posted a 224 percent growth in profit after tax (PAT) of ZiG261,94 million during the first quarter to March 31, 2025 from a year earlier, driven by the impact of the cost containment measures and a ‘resilient’ balance sheet structure.The diversified group has banking, insurance and other strategic investment operations.Its continuous…
NMB Bank Zimbabwe Limited (NMB) is intensifying efforts to secure an additional US$150 million in offshore credit lines to expand its lending operations in support of productive sectors.This initiative forms part of the bank’s broader strategy to offer customised financing solutions for businesses, particularly exporters, as the nation continues to navigate complex economic challenges.NMB is…
By Ashly Kapumha THE global foreign exchange market is an over-the-counter marketplace that determines the exchange rate for currencies around the world. It is not an isolated trend, but a broader wave of financial innovation and global market participation. It is one of the largest virtual global financial markets representing a confluence of technological advancement…
PADENGA Holdings (Padenga) says it plans to right-size its agribusiness segment in accordance with global demand for crocodile skins, which has recorded a significant downturn.The group has mining operations and a Nile crocodile breeding business operating as Dallaglio Investments and Padenga Agribusiness, respectively.The crocodile business saw a year-on-year decline in sales volumes, with 46 560…
IN 2025, Zimbabwe stands at a digital crossroads. As the nation moves toward a more technology driven economy where mobile money, e-government platforms, digital education, and online business are becoming the norm so too does the need for robust cybersecurity policies. But the question remains: Is Zimbabwe truly ready for a national cybersecurity strategy? Can…
By Beaven Dhliwayo Group Features Editor Eazi-Apps, a global leader in mobile app and software development, has officially launched its operations in Zimbabwe, marking a major step forward for digital…
MASHONALAND Holdings (Mash Holdings) says development of its Greendale Cluster Housing Stands project is set to commence in the current quarter ending June 30, 2025 after securing all regulatory approvals.The property firm has already started preselling activities of stands as it also forges ahead with commercialization of its prior-period investments.The group’s property mix consists of…
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