© DAIRIBORD Holdings (Dairibord) posted a profit of $3,797 million during the six months ended June 30, 2019 compared to $270 000 achieved in the prior period on the back of volume growth. Dairibord chairperson Josphat Sachikonye said while revenue increased by 139 percent to $118,1 million from $49,4 million, total operating costs increased by…
© ZIMBABWE’S imports have declined by about 30 percent to $2,8 billion in the seven months to July 2019 compared to $4 billion recorded in the same period last year, latest data shows. As a result of the decline, the country’s trade deficit during the period has shrunk to $679 million from $1,8 billion in…
© If you lived in a city like New York where parking is almost impossible, you would appreciate the full service platform that Vaya Mobility calls “Corporate Mobility Solutions”. [GoogleAd] No one in New York uses their car to get to work or for getting to meetings within the city. They completely rely on companies…
© THE Zimbabwe Stock Exchange (ZSE) and the Botswana Stock Exchange (BSE) are set to sign a Memorandum of Understanding (MoU) that will result in the two bourses working together to strengthen capital markets in the region. ZSE chief executive Justin Bgoni noted that the agreement will help foster the two countries’ financial markets, promote…
© NMBZ Holdings (NMB) says it expects its half-year profit to increase by 500 percent on the prior comparable period due to adjustments related to recent monetary changes. The latest development comes hardly a few days after First Capital Bank had indicated that its profit for the six months to June 30, 2019 will be…
© ZIMBABWE, which is bearing the brunt of severe food shortages, is facing a bleak 2019-20 farming season as many farmers and players in the agriculture sector are financially hamstrung due to the intensifying liquidity crunch and a persistent El Nino-induced drought. [GoogleAd] The situation is so bad that most farmers are failing to budget…
© FINANCE minister Mthuli Ncube’s efforts to borrow US$1,9 billion from world economic giants in Group of Seven (G7) will not yield anything, economic analysts have said. [GoogleAd] This comes after Ncube said Zimbabwe would get cheaper credit lines from the wealthy nations, which include Canada, France, Germany, Italy, Japan, United Kingdom, and United States…
© ZIMBABWE’S month-on-month inflation rate fell to 21,04 percent in July compared to 39,26 percent the previous month as prices of basic goods increased at a slower pace, the Zimbabwe National Statistics Agency (Zimstat) said on Wednesday. [GoogleAd] Zimstat has since suspended year-on-year inflation figures until February 2020 following the adoption of a new currency,…
© RAPID changes in the information and communication technologies (ICTs) sector have left consumers excluded from critical decisions by business and other corporate players, a senior government official has said. [GoogleAd] Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) director economic tariffs and competition Hilda Mutseyekwa yesterday said there was need to protect consumer rights…
© THE pensions industry reported a surplus of $48,72 million for the three months ended March 31, 2019, improving from $9,45 million reported during the same period in 2018. According to the Insurance and Pensions Commission (Ipec) quarterly report, the funds reported total income of $214,4 million for the period with contributions totalling $90,9 million…
