US$600m set aside for 2023/24 farming season
GOVERNMENT has set aside over US$600 million for the 2023/24 farming season while the Bankers Association of Zimbabwe has committed $68 billion and US$160 million as the Second Republic steps … Read More
Category: Uncategorized
Canadian lithium firm unearths evidence of large deposits in Mutare
CANADA-based lithium exploration and development company, Li3 Lithium Corporation, has announced the discovery of lithium mineralisation on a 1,2 kilometre stretch at Nels Luck pegmatite target, during the ongoing exploration … Read More
BNC incurs heavy loss
KUVIMBA Mining House subsidiary, Bindura Nickel Corporation (BNC), incurred a loss in the quarter ended June 2023 after experiencing the disproportionately high operating costs and low production during the period … Read More
Padenga diversifies from crocs to unlock shareholder value
CROCODILE skins producer, Padenga Holdings’ diversification programme is expected to unlock shareholder value at a time crocodile farming faces pressure from animal rights movements, which may affect growth. There has … Read More
Tight liquidity to keep ZSE equities subdued
THE performance of stocks on the Zimbabwe Stock Exchange (ZSE) is expected to remain largely subdued in the short to medium term on account of the Reserve Bank of Zimbabwe’s … Read More
More airlines fly to Zimbabwe
ZIMBABWE’S open skies policy has been enhanced with a South African regional airline, CemAir launching its Johannesburg-Victoria Falls route to become the ninth carrier to land at the international airport. … Read More
SecZim scraps IPF levy on VFEX
VFEX, launched in October 2020 to kick-start the Offshore Financial Services Centre (OFSC) earmarked for the special economic zone in Victoria Falls. The Securities and Exchange Commission of Zimbabwe (SecZim) … Read More
Implats reports earnings slump amid lower prices, power cuts
Impala Platinum expects to report a more-than 20 percent drop in annual earnings as a result of weak metal pricing and lower refined production as a result of load curtailment. … Read More
Zim businesses urged to adopt cloud for business continuity
Zimbabwean businesses have been implored to embrace business continuity planning cloud solutions for the smooth running of their operations so as to minimise disruptions in the ever-evolving digital world. Business … Read More
Government in bid to bridge gap between rural, urban schools
GOVERNMENT has pledged to enhance connectivity across the country, especially in rural areas in its quest to improve internet access and bridge the gap between rural and urban communities, which … Read More
