IN his first address as president last November, Emmerson Mnangagwa promised to focus on economic recovery and to “shed misbehaviours and acts of indiscipline which have characterised the past.” But, faced with a tough battle to secure a fresh mandate...
AFTER his surprise appointment last month, Finance Minister Mthuli Ncube arrived at a Treasury which had just put out a grim first half report showing a $1.34 billion budget deficit, domestic debt approaching $10 billion, an unrelenting Treasury Bill...
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...
MASIMBA Holdings has reported a 55% jump in revenue in the first six months of 2018, driven by a strong order book. The contractor’s revenue rose to $17.95 million from $11.58 million in the same period of last year. “The growth...
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...
TURNALL Holdings reported its biggest half-year profit since dollarisation in the first half of 2018, driven by strong volume growth and an unlikely upswing in construction activity in the country. The company reported $1.4 million net profit, from a $295,000...
BARCLAYS Bank Zimbabwe becomes First Capital Bank in October, shedding its century-old brand, but the bank has already abandoned its former conservatism, gorging on government securities in a manner it never did under its previous owners. FMB Capital of Malawi...
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...
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