AdvertisementsTANGANDA Tea Company (Tanganda) is focusing on extending regional and international market reach for its packed tea products to spread risks amid volatility in the domestic market. Advertisements The group endured a difficult third quarter ended June 30 that was characterized by weaker consumer spending due to tightened liquidity of the local currency as authorities…
AdvertisementsBRICK-making firm, Willdale Limited (Willdale) plans to step up capital raising initiatives next quarter in an attempt to increase plant efficiencies, which should increase its competitiveness in the face of fierce market competition.Advertisements The company’s ability to meet brick demand is being hamstrung by failure to replace its antiquated machinery. Improving plant efficiency will be…
AdvertisementsSUGAR producer Hippo Valley Estates (Hippo Valley) is fretting over the increasing number of suppliers preferring to be paid in foreign currency at a time the company’s sales mix is witnessing a surge in local currency transactions.Advertisements The local currency which has been relatively stable since its introduction in April this year has slightly been…
AdvertisementsTHE European Union (EU) has emphasised the need for Zimbabwe to diversify its energy mix with various renewable sources in response to the global impacts of climate change and the severe drought. This diversification would provide a backup supply, enhancing the nation’s resilience to climate shocks. “Our engagement to support the rehabilitation of the Kariba…
AdvertisementsRaheem Sterling has been left out of Chelsea’s squad for their Europa Conference League play-off first leg with Servette.Advertisements Thursday’s game is the second in succession the 29-year-old England forward has not featured in a matchday squad, after he was omitted from Chelsea’s Premier League opener with Manchester City. Defenders Ben Chilwell, Wesley Fofana and…
AdvertisementsZIMBABWE’S Liquefied Petroleum Gas (LPG) consumption saw a significant increase in the first half of 2024, rising 12 percent to 33,58 million kilograms (kg) compared to the same period last year. Advertisements This surge, driven by increased power cuts, highlights the country’s ongoing energy challenges. In June alone, LPG consumption jumped by a staggering 55…
AdvertisementsMASHONALAND Holdings (Mash Holdings) remains optimistic about the real estate sector, citing some encouraging patches of growth under the currently challenging economic environment. Advertisements This comes as the property developer has set out a five-year diversification strategy expected to boost its asset portfolio from US$80,7 million it recorded at the close of 2023 to US$120…
AdvertisementsZIMRE Holdings (Zimre) says it recently invested over US$2 million in Mozambique and is now focusing on Zambia, where it aims to meet local ownership requirements.Advertisements Previously, the group stated that it would invest US$5 million in Malawi and Zambia as part of a wider strategy to expand market share and strengthen the firm’s competitiveness.…
SHELTER Afrique Development Bank (ShafDB) has extended a US$15 million credit facility to CBZ Bank for housing development and mortgage origination.
AdvertisementsTHE Zambezi River Authority (ZRA) is exploring the construction of additional dams at Batoka, Devil’s, and Mupata gorges, with the potential to add over 4 500 megawatts (MW) of power shared between Zimbabwe and Zambia. Advertisements This come as Zimbabwe is aiming to increase its power supply to 3 467 MW by 2025, while Zambia…
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