ZIMBABWE is up-to-date with repayment of loans of about $8 billion extended to it by the African Export-Import Bank (Afreximbank) in the past 22 years, The Financial Gazette has learnt. …
finance
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FOREIGN investors were net buyers of $13,1 million worth of shares on the Zimbabwe Stock Exchange (ZSE) in August, with particular interest in Old Mutual Zimbabwe, (OMZ) latest figures have …
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ENERGY minister Fortune Chasi says Zesa Holdings (Zesa) needs to be purged of inefficiencies and corruption, before government can approve another tariff hike. In August, government increased the power tariff …
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BRITISH American Tobacco (BAT) Zimbabwe’s revenue is expected to increase by 50 percent to $68,3 million in the full year to December 31, 2019 due to inflationary pressures. This was …
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PADENGA Holdings (Padenga) yesterday received a greenlight from its shareholders to acquire a majority stake in gold miner Dallaglio Investments. The listed crocodile skin producer’s shareholders unanimously approved the deal …
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SYDNEY Mtsambiwa has resigned from Hippo Valley Estates (Hippo Valley) after serving the sugar producer for close to three decades. Mtsambiwa, who was the group’s managing director since 1998, last …
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PRESIDENT Emmerson Mnangagwa has appointed American-born Kazakhstan businessman Marc Holtzman, as CBZ Holdings Limited (CBZ) chairman amid governance and procedural concerns regarding the move, and Eurasian groups’ growing clout in …
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MASHONALAND Holdings (Masholdings) says it may delay its planned property developments because of the tough operating environment obtaining in the country. The operating environment is increasingly becoming tough characterised by …
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THE Confederation of Zimbabwe Industries (CZI) says inflation pressures are still embedded in the economy due to a huge budget deficit, lack of a sustainable agriculture financing model and productive …
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ZIMBABWE’S trade deficit with South Africa (SA) has declined by about 83 percent to $96 million in the seven months to July 2019 compared to $574 million recorded in …
