finance

BRICKMAKER Willdale says poor electricity supply has hampered its operations, particularly in the extrusion and firing of structured kilns, resulting in reduced output. Since last year, the nation has had …

INNSCOR Africa (Innscor) says Zimbabwe’s current economic challenges will persist for the foreseeable future, as the market continues to navigate local inflationary pressures worsened by an uncertain outlook across international …

NMB Bank (NMB) says discussions are at various stages with five partners for potential additional lines of credit of US$53 million, for exporting clients through ring-fenced arrangements. The financial institution …

NATIONAL Foods (NatFoods) says it is focusing on projects that improve its diversity through a larger basket of products. The country’s biggest food manufacturer is currently constructing a new mill …

PENSION funds’ aggregate holdings in stocks almost halved in 2022 following a slump on the local bourse, a new industry report shows. The Zimbabwe Stock Exchange All-share index advanced 80,1 …

WOMEN Affairs minister Sithembiso Nyoni says the government is committed to capacitating women to enter the export market after over 100 female entrepreneurs completed a mentorship programme with trade development …

ZIMBABWE plans to scale up its biofuel technology and venture into sustainable aviation fuels in pursuit of global environmental standards, a government official has said. Speaking at a recent seminar …

RAINBOW Tourism Group (RTG) says it is now operating above pre-Covid-19 levels after its occupancy closed 2022 at 51 percent compared to 31 percent in the prior year. The hotelier …

ZIMBABWE could be on the verge of finally resolving the contentious land tenure issue, close to two-and-a-half decades after the onset of the land reform programme, as the government says …

ANALYSTS say Zimbabwe’s interest rates are still too high after the central bank reduced the policy rate from 150 percent to 140 percent. The country’s borrowing rates were raised last …