FBC Holdings (FBC) says it plans to expand its regional footprint in the regional insurance sector as part of the group’s wider regional growth and expansion strategy. The diversified financial services group last year launched a fully-fledged reinsurance company in Botswana as part of its regional growth and expansion strategy. FBC Reinsurance Botswana is a…
LOCAL equities group IH Securities (IH) has flagged a potential dip in Hippo Valley Estates (Hippo Valley) sales volumes in the current fiscal year, as domestic sales are being impacted by cheaper imports. This comes as the industry’s sugar sales into the local market remain under pressure from competing imports, driven by the then-existing suspension…
THE government will use the upcoming crop, livestock and fisheries assessment to gauge growth of private sector funding in agriculture, a senior official has said. Agriculture ministry permanent secretary John Basera said the assessment was scheduled to be completed before the end of this month. “This year, the ministry will also collaborate with different stakeholders…
NATIONAL Foods Limited says the country will still need to import higher protein wheat to attain the stipulated quality of bread despite recording a bumper wheat harvest in 2022. Zimbabwe millers have always cited that they import another variety of wheat that is not produced locally to blend it with the local crop in flour…
AXIA Corporation, FBC Holdings and OK Zimbabwe have returned to the Zimbabwe Stock Exchange (ZSE) Top 10 Index constituents list after registering considerable gains in the fourth quarter of 2022, latest data shows. The exchange’s latest review of the list, which ranks counters by market capitalisation, saw Hippo Valley Estates falling out. The 10 counters…
BINDURA Nickel Corporation (BNC) says it will be able to significantly recover from some of the financial losses it has incurred to date should nickel prices continue on an upward trajectory in the near future. The nickel miner said the average London Metal Exchange (LME) nickel price of US$25,542 per tonne was 40 percent higher…
CALEDONIA Corporation (Caledonia) says it will start ore production and gold recovery from the heap leach at its acquired Bilboes Gold Limited in February and March this year. This comes as the gold miner recently announced the completion of its acquisition of Bilboes Gold Limited. Caledonia announced its agreement to buy Bilboes Gold Limited…
THE Tobacco Industry Marketing Board (TIMB) has developed a compliance administration framework meant to improve contracted growers’ viability, an official has said. This comes amid mounting concerns about the viability of tobacco farming under the contract farming scheme, which controls over 90 percent of all production. “TIMB has come up with a compliance administration framework…
LEADING retail group, OK Zimbabwe, says the government should provide incentives for private sector investments in renewable energy amid the ongoing power outages. This comes as Zimbabwe is currently generating about a third of its 2 000 megawatts (MW) peak power demand and experiencing acute power outages. “The country faces a severe shortage of electricity…
THE Hospitality Association of Zimbabwe (Haz) says it is expecting hotel occupancy to further improve this year, despite the resurgence of Covid-19 in China. This comes as the World Health Organisation said it would continue to closely monitor the situation in China and globally, with Zimbabwe’s biggest trading partner, South Africa, having detected its first…
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