Zimbabwean smokers lit up 8% fewer cigarettes this year, and the biggest drop is in the cheapest brands, as the economy snuffs out incomes.
BAT, the country's biggest cigarette maker, saw sales of most of its brands fall in the...
Dairibord has reported “significant” business recovery in the third quarter as the COVID-19 lockdown eased and forex access improved, but sales remain lower than last year.
Consumer companies have been among the hardest hit by COVID-19. Incomes, already strained by...
Mineral exports grew 14% in the first nine months of the year and are the biggest source of funding for the foreign currency auction, central bank governor John Mangudya says.
In the first nine months of the year, mining exports...
Zimbabwe mining executives are slightly more confident about 2021 than they were over 2020, but they expect no improvement on policy uncertainty and the lack of capital, a new survey out on Wednesday says.
The Mining Business Confidence Index (MBCI),...
Government’s restrictions on electronic money have helped stabilise the currency, but they have also eroded revenue contributions from the 2% tax, an unpopular but reliable revenue source over the past two years.
According to the third quarter revenue data just...
Strive Masiyiwa’s Liquid Telecom, Africa’s largest fibre network provider, has raised US$307 million from shareholders to expand its data centre business.
The new money includes an additional US$40 million equity investment from the CDC Group, the UK’s development finance institution....
Customer numbers at Simbisa Brands, the country’s largest fast-food company, dropped 33.7% in the year to June, the latest evidence of the collapse of disposable incomes.
The company, which operates brands such as Chicken Inn, opened 14 new outlets in...
One of the major contributors to the efficiency of the Zimbabwe platinum mines was the “very different dynamic between employer and employee” on those mines compared with South African operations.
That’s according to Impala Platinum CEO, Nico Muller, who was...
Invictus Energy says it has started field operations in Muzarabani, as part of a programme leading to planned exploration drilling in 2021.
The company has also raised additional funding for the preparatory work by placing more shares with Mangwana, the...
A year ago, Premier African Minerals were buzzing about developing their new investment in Zimbabwe. A year later, after a string of false promises, the UK-listed small-cap miner is voicing its frustrations and looking elsewhere.
Premier is invested in the...
