NAMPAK Zimbabwe (Nampark)’s margins are likely to decline owing to El Nino, power cuts and low disposable incomes, despite its revenue reaching a five-year high on record tobacco output, a …
finance
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THE Confederation of Zimbabwe Retailers (CZR) has sounded the alarm for a potentially turbulent 2024, urging wholesalers and retailers to prioritise cost reduction and sales optimisation for survival. Finance minister …
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ZIMBABWE is actively negotiating with private investors to establish a lithium battery manufacturing plant, according to Finance minister Mthuli Ncube. This move reflects the country’s eagerness to capitalise on its …
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KARO Mining Holdings (Karo) says it is currently in advanced negotiations to raise US$260 million in debt capital for its platinum project in Zimbabwe, with a US$160 million term sheet …
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THE Chamber of Mines of Zimbabwe (CoMZ) has painted a mixed picture of the sector’s prospects this year, highlighting both glimmers of hope and significant challenges.Advertisements While 2023 brought the …
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ZIMBABWE’S domestic credit grew by 22,79 percent in the third quarter of 2023, reaching $13,2 trillion, according to data from the Reserve Bank of Zimbabwe (RBZ). This growth was fuelled …
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RETAIL group OK Zimbabwe says authorities should consider relief for businesses procuring fuel for productive purposes in light of the increased reliance on generators due to power cuts. This comes …
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NATIONAL Foods (NatFoods) says it is importing maize from South Africa (SA) to cover the local deficit to ensure an uninterrupted supply of its food manufacturing processes. Zimbabwe’s largest food …
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STARAFRICA Corporation (Starafrica) says it has increased its refined sugar production to between 6 000 and 7 000 tonnes per month, enough to meet growing demand. The sugar processor carried …
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BRICKMAKER Willdale says exchange losses amounted to 21 percent of its revenue during the year ended September 30, 2023, as its income continues to be impacted by distortions in exchange …
