finance

Zimbabwe operations bolster PPC earnings

Advertisements PPC Zimbabwe helped drive group earnings higher in the year ended March 31, 2026, as strong cement demand and operational improvements offset subdued conditions in the South African market, its parent company PPC Limited has said.Advertisements The South African cement producer reported a 3,9 percent year-on-year in­crease in group revenue to R10,3 billion, largely…

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Probottlers battles imports

Advertisements INNSCOR Africa (Innscor) is pushing for policy reforms aimed at helping domestic beverage manufacturers regain market share from imported products dominating local retail shelves.Advertisements This comes after aggregate volumes at its beverage making unit Probottlers dropped 13 percent in the nine months ended March 31, 2026. The group, among other issues, wants an extension…

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Chamber of Mines conference on next week

Advertisements THE extractive sector will be under spotlight next week as the Chamber of Mines of Zimbabwe holds its Annual Mining Conference & Exhibition in Victoria Falls, bringing together mining executives, investors, and policymakers to debate on the industry’s future.Advertisements Running from June 17 to June 20, 2026, the high-stakes convention comes at a critical…

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Maize inflows ease ZMX supply crunch

Advertisements ZIMBABWE’S bumper maize harvest is boosting grain supplies to formal markets, lowering prices and strength­ening prospects for a sizable strategic grain reserve, latest market data shows.Advertisements According to the ZMX auction re­sults for the week ended June 5, farm­er deliveries of white maize reached 6 510 metric tonnes against buyer demand of 7 000…

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Higher platinum prices lift export earnings

Advertisements Prisca Tshuma Staff WriterAdvertisements FIRMING platinum prices on global markets could strengthen Zimbabwe’s export earnings, widen tax collections and support jobs, according to the Af­rica Economic Development Strategy (AEDS). This comes as the country looks to offset weakening trade performance, with the trade deficit widening by nearly 16 percent to US$169,6 million in April…

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Power cuts derail Mashonaland Holding’s green ambition

Advertisements MASHONALAND Hold­ings says it failed to meet its carbon emissions tar­get in 2025 due to continued reli­ance on generator power.Advertisements This comes as Zimbabwean companies are actively reducing their carbon emissions to align with the nation’s goal of a 40 per­cent reduction in per-capita emis­sions by 2035. In its 2025 annual report, the group…

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ISDP embarks on digital empowerment drive

Advertisements THE Institute of Social Development Practices (ISDP) is set to train more than 400 individuals nationwide in a move aimed at enhancing digital skills and promoting innovation among business owners.Advertisements The initiative, done in partnership with the Zimbabwean government and corporate entities like NetOne, equips students and graduates in the social sciences, arts, and…

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Structural weaknesses trap Zimbabwe in trade deficit

Advertisements ZIMBABWE’S recurring trade deficits are rooted in a structural mismatch at the heart of the economy, an­alysts say.Advertisements That reality has left Zimba­bwe with a cumulative trade deficit of more than US$20 billion since the 2009 currency reset, despite occasional periods of surplus. A rare run of month­ly surpluses recorded earlier this year have…

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Rukweza to head lithium industry

Advertisements MUTAPA Energy Resources chief executive Innocent Rukweza has been elected chairman of the Lithium Association of Zimbabwe, placing him at the forefront of efforts to shape the next growth phase of the sector.Advertisements Rukweza takes over the reins at a time the country continues to attract significant investment into lithium projects driven by rising…

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