Seed Co revenues may go up six-fold
Local seed producer, Seed Co Limited’s revenues for the FY2021 could go up by over 600 percent on the basis of the country’s positive agriculture sector outlook, analysts at Morgan … Read More
Category: Markets
Retail group OK set to double revenue
The country’s largest retail group, OK Zimbabwe’s revenue for the financial year 22 is expected to nearly double to $52,24 billion on organic growth. The country is also projecting an … Read More
RBZ forex auction rate stabilises at $85
The average exchange rate for the Zimbabwe dollar against the US dollar was virtually unchanged at $85,36 on Tuesday from $85,24 last week on the Reserve Bank of Zimbabwe (RBZ)’s … Read More
Delta acquires Afdis controlling stake
Beverages giant, Delta Corporation, has gained a controlling stake in African Distillers Limited (Afdis) after acquiring additional shares during the past financial year. Afdis chairman Pearson Gowero, indicated the move … Read More
Seed Co unveils new vegetable seed varieties
Seed Co Limited has introduced new vegetable seed varieties in line with the group’s vision of providing cost-effective and high yielding varieties that boost agriculture output and national food security. … Read More
Stability as forex auction turns one
THE Reserve Bank of Zimbabwe (RBZ) has said businesses must continue accepting payment in foreign currency to ensure the elusive hard currency keeps circulating in the formal sector. RBZ Governor … Read More
ZB Holdings pledges support to grow economy
LISTED ZB Financial Holdings has vowed to continue supporting economic projects that assist the Government to realise its vision of creating an upper middle-income economy by 2030. ZB head of … Read More
Seed-Co resumes trading on ZSE today
Seed-Co Limited – the local associate of regional seed manufacturer Seed-Co International – will resume trading on the Zimbabwe Stock Exchange (ZSE) today, the ZSE confirmed in a statement released … Read More
Seeing one’s portfolio dip can be nerve-racking
The Zimbabwe Stock Exchange (ZSE) finally took a breather on Wednesday, bringing to an end an upward trajectory that had lasted for 12 trading days since May 30, 2021. By … Read More
Forex allocations near US$47m
Foreign currency allocation from the Reserve Bank of Zimbabwe (RBZ)’s auction system hits record levels on Tuesday at US$46,9 million, as the average exchange rate for the Zimbabwe dollar against … Read More
