SEED CO International (Seed Co) says it is revamping both its business model and balance sheet to address the growing cost of conducting business and to protect itself against depreciating currencies in the countries where it operates. The pan-African seed processor indicated that its market position and brand equity were strong, as seen by…
KHAYAH Cement (Khayah) says it has expended US$25 million over three years to construct its new vertical mill plant. Augmented by the adoption of new technologies increasing efficiencies, the new plant is set to raise the company’s cement production capacity from 350 000 to 1,05 million tonnes per annum against an average national demand of…
DELTA Corporation (Delta) expects its new US$70 million capital expenditure splurge to provide growth of at least one third across its value chains. The investment, which was spread across the company’s different beverage sectors, was planned at the peak of the Covid-19 pandemic, according to chief executive Matlhogonolo Valela. It has seen new equipment being…
THE current Zimbabwe dollar liquidity squeeze will continue for a while longer as authorities strive to further stabilise the local currency and inflation, the Reserve Bank of Zimbabwe (RBZ) has confirmed. RBZ governor John Mangudya told The Financial Gazette — the country’s number one business publication — yesterday that the liquidity squeeze was one of…
WHILE the Zimbabwean economy grew by 6,5 percent last year as confirmed by the latest ZimStat figures, economic analysts say the growth has not cascaded down to the ordinary person. The country’s GDP continues to increase each year, despite the adverse impacts of the Covid-19 pandemic, the debilitating economic sanctions, and global supply chain disruptions…
ZIMBABWE’S broad money increased by 12,62 percent to $3,59 trillion in April 2023, compared to $3,19 trillion recorded in March, the latest figures from the Reserve Bank of Zimbabwe (RBZ) show. This comes as a number of analysts have blamed money supply growth for the Zimdollar’s spectacular depreciation against major currencies, which has been witnessed…
THE Zimbabwe Investment Development Agency (Zida) says it expects mineral beneficiation to headline new ventures in the medium term, as the government and private sector redouble their efforts towards value addition within the sector. It comes as the ministry of Mines has reported receiving a number of proposals for lithium processing plants following the…
THE National Competitiveness Commission (NCC) is pushing for Zimbabwe to adopt regulatory impact assessments (RIA) to improve its business environment and competitiveness. RIA is a key instrument used worldwide to improve the quality of regulatory decision-making and reduce administrative costs. In a recent bulletin, the NCC said the government should incorporate RIA in national…
THE Reserve Bank of Zimbabwe (RBZ) has come to the defence of the country’s recently adopted blended consumer price index (CPI) — which has faced considerable opposition — saying figures derived from the measure send better signals to investors. The country’s statistics agency, ZimStat, switched to a blended CPI earlier this year, abandoning a ZWL…
WHILE the government has lauded what it sees as the revival of the Industrial Development Corporation of Zimbabwe (IDCZ), business feels the institution remains undercapitalised and constrained by sanctions on Zimbabwe. IDCZ is the industrialisation arm of the government and, according to the Industry and Commerce ministry, plays a strategic role as a development finance…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More