TANGANDA Tea Company (Tanganda) says it expects the operating environment to remain difficult but is confident that demand for its products will remain firm. In a trading update, the group …
finance
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NATIONAL Tyre Services Limited (NTS) says tyre retreading volumes declined by 13 percent in the third quarter ended December 31, 2022 as power outages severely affected the company’s factories. Zimbabwe …
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BRICKMAKER Willdale says sales volumes for the quarter ended December 31, 2022 declined by two percent compared to the same period prior year due to liquidity shortages in the market.Advertisements …
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ZIMBABWE’S trade deficit widened by US$567 million to US$2,06 billion in 2022 as the growth in imports outpaced the rise in exports. The southern African country has persistently recorded trade …
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ZIMBABWE’S employment levels have returned to pre-Covid-19 pandemic levels, according to the World Bank (WB). This was revealed by the latest report of the Poverty Income Consumption and Expenditure Survey …
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INDIA’S ambassador to Zimbabwe, Vijay Khanduja, says companies from his country are eager to seize investment opportunities in Zimbabwe’s energy sector and help alleviate the country’s and southern Africa’s crippling …
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FBC Securities says monetary authorities must be consistent when dealing with retention thresholds to attract investment into the country. This comes after Reserve Bank of Zimbabwe governor John Mangudya increased …
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ZIMBABWE’s inflation will gradually decline to single-digit levels by 2025, research firm Fitch Solutions (Fitch) has said. The southern African country’s annual inflation is currently at 229,8 percent, having ended …
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NEWLY-listed Victoria Falls Stock Exchange (VFEX) counter, National Foods (NatFoods), says it remains positive on Zimbabwe’s economic outlook as it targets investments totalling US$30 million by year-end.Advertisements
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ZIMBABWE’S largest telecommunications company, Econet Wireless (Econet), says the regulated tariff reviews are being done at a below inflation rate. The group’s revenue for the nine months ended November 30, …
