Zimbabwe’s Agriculture Marketing Authority (AMA) has issued $75 million in grain bills to purchase maize from farmers, the authority’s financial advisor CBZ Bank said on Monday. AMA, a government agency tasked with marketing agricultural produce, will raise the money to...
GOVERNMENT has scrambled to fund wheat imports and avert a bread shortage after a dire warning by millers that stocks could run out in the next few days. Grain Millers Association of Zimbabwe (GMAZ) chairman Tafadzwa Musarara told reporters on...
THE government’s Industrial Development Corporation (IDCZ) has invited bids for Chemplex Corporation, the country’s largest chemical and fertilizer maker, in line with plans announced earlier this year. The IDC has engaged Ernst & Young to advise on the dilution of...
By Fitch Solutions Key View: The election of Emmerson Mnangagwa as President of Zimbabwe presents growing upside risks to growth in the country's mining industry over the coming years. However, we are holding off on revising the country's production forecasts...
  Zimbabwe’s tobacco sales have reached a record high of 237.1 million kg with a week to go before the selling season ends, official data showed on Friday, raising hopes its second biggest export could help ease the country’s severe...
ZIMBABWE tobacco sales have reached 220 million kg, the highest since land reform began and the second highest output of all time. A total of 221,829,400 kg had been sold on auction and contract by Tuesday, according to Zimbabwe Tobacco...
WITHIN hours of Emmerson Mnangagwa being inaugurated, Harry Greaves, executive director of Prospect Resources, got a call from the Ministry of Mines. The Government wanted to know how Arcadia Mine, a lithium project that had up to that point been...
SUGAR processor Star Africa Corporation’s successful debt restructure has helped the company attain a positive net asset value of $1 million in the 2018 financial year, from a net liability position of $41 million last year. A High Court-sanctioned reconstruction...
SUGAR exports from Zimbabwe to the United States and regional markets declined 62 percent in the year ended March 2018, due to decreased production and increased local demand, industry giant Tongaat Hulett has reported. South Africa’s Tongaat Hulett dominates Zimbabwe’s...
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