THE business of drafting agreements is better left to lawyers who are experts in this. I state this with boldness because of some atrocious agreements of sale that I have seen being prepared by some not so confident self-actors. Some people think that because they signed a contract before and familiarised with its contents, then…
STOCKS at state drug procurer, the National Pharmaceutical Company (NatPharm), have gone up due to improvements in local production, the government says. This comes after NatPharm earlier this year announced that it was now prioritising procurement from local medicine manufacturing companies to avoid unnecessary imports. “In terms of materials production, the Cabinet advises that there…
ZIMBABWE’S exports were up by 35,5 percent to US$461,8 million in March from US$340,8 million in February, official data shows. This was 69,7 percent higher compared to an outturn of US$272,1 million last March, when Covid-19 hit the country’s shores. Exports hit a five-year low of US$200,5 million in April 2020, as restrictions put in…
THE Zimbabwe Revenue Authority (Zimra) should refine its e-service system to ensure that it can support the high number of taxpayers who access it, the Institute of Chartered Accountants of Zimbabwe (ICAZ) has said. The platform, which allows taxpayers to access some Zimra services online, was launched in 2015 and has been under continuous refinement…
THE Chamber of Mines Zimbabwe (CoMZ) hosts its annual mining conference soon and says the sector expects a rebound in the second half of the year on the back of expected improvements in the Covid-19 situation, improved availability of electricity and foreign currency. CoMZ is seeking to revive engagement with international financiers through joint roadshows…
ZIMBABWEAN listed companies’ 2020 earnings were among the best in the region after improvements driven by the ZWL$’s stabilisation, a recent report has shown. An African Financials survey ranking southern Africa’s 30 largest listed companies ― outside of South Africa ― showed that Zimbabwean businesses registered the biggest improvements in inflation adjusted US$ earnings during…
LAFARGE Cement Zimbabwe (Lafarge)’s diversity and ongoing expansion projects have positioned it for local market dominance, a research firm has said. The company recently commissioned a new US$2,8 million dry mortar (DMO) plant, which is expected to increase its manufacturing capacity to 100 000 tonnes from 7 000 tonnes. It has also begun investing in…
ZIMBABWE’S industrial hemp production space is wide open for investment as authorities are looking to licence more producers to grow the budding industry’s output to US$100 million in five years. The country legalised production of industrial hemp — a variety of the cannabis sativa plant species — in 2019 and promulgated a statutory instrument guiding…
ZIMBABWE’S miners are confident of recovering from the setbacks caused by Covid-19 disruptions early this year and benefit from the continuing positive economic environment prevailing in the country. The miners were hit hard by the toughened lockdowns imposed by authorities to curb the spread of Covid-19 early this year, but have renewed expectations of…
FBC Holdings (FBC) this week said its income grew by 14 percent to $8,1 billion during the year ended December 31, 2020, driven by currency revaluations and a growth in lending. Despite what the financial services group’s chairman, Herbert Nkala, described as a challenging year, it managed to post a profit of $1,5 billion, compared…
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