COTTON processors are pushing for the widespread use of hybrid seed varieties to increase output amid declining yields on the back of changing weather patterns. Association of Cotton Value Adders of Zimbabwe chairman, Pious Manamike, told a recent meeting of farmers and industry players that hybrid varieties production could jump five-fold from the current levels.…
THE Financial Securities Exchange Limited (Finsec), in partnership with the government, TSL Limited and CBZ Holdings, has established an agriculture commodities exchange, the Zimbabwe Mercantile Exchange (ZMX). The platform, which provides an organised market place for farmers and buyers of commodities such as grains, is part of the government’s plans to transform the agriculture sector.…
Article re-issued following the latest release of market share statistics by Ipec. MOST readers might have watched The Social Network, a 2010 American biographical drama film adapted from Ben Mezrich’s 2009 book The Accidental Billionaires. The film portrays the founding of social networking website Facebook and the resulting lawsuits. Since its release, The Social Network…
OLD Mutual Investment Group Zimbabwe (OM)’s Exchange Traded Fund (ETF) gained 93 percent during the first quarter of 2021, outpacing its benchmark — the Zimbabwe Stock Exchange (ZSE) Top Ten Index — which put on 57 percent during the same period. An ETF is a security that tracks another asset, index, sector or commodity, but…
THE Reserve Bank of Zimbabwe (RBZ) says it has started selling foreign currency to registered bureaux de change to allow small businesses and individuals access to exchange. The bank has been running weekly currency auctions for close to 10 months now, but these have a minimum bid threshold and other requirements that disqualify the majority…
GWANDA-based gold miner Blanket Mine has reported 2021 first quarter production figures lower than its targeted levels and below the 2020 comparative period due to flooding at the mine. The mine’s operator, Caledonia Mining Corporation, said 13 197 ounces of gold were produced during the quarter ended March 31, 2021 but maintained that it was…
AN EXPECTED rise in average spend within the region will defend Simbisa Brands’ (Simbisa) profitability from headwinds caused by the Covid-19 pandemic, an equities firm has predicted. In Zimbabwe, where the group has its main operations, retailers are expected to see a bounce in sales on the back of the tobacco marketing season and increasing…
CABS has posted a $1,59 billion surplus for the year ended December 31, 2020 from a $710 million loss in 2019, driven by rising income and cost containment activities. In a statement accompanying the institution’s results, board chairman Washington Matsaira said the performance improvement was in spite of disruptions to normal business operations caused by…
One time or another in our everyday dealings, we find ourselves requiring the services of a Commissioner of Oaths. The major role played by this public official is to authenticate documents and to administer oaths, particularly, where such oaths relate to written affidavits. Such documents may be required for use in some public offices or…
THE Zimbabwe Investment Development Agency (ZIDA) says Public Private Partnerships (PPPs) are the priority among a handful of types of investments it is pursuing to attract private capital. PPPs are public–private partnership is a cooperative arrangement between two or more public and private sectors, typically of a long-term nature. “These are priority projects with the…
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