© PREMIER African Minerals (Premier) says outlook for its RHA tungsten mine (RHA) in Matabeleland North has substantially improved after several concerns. Premier’s chief executive George Roach said the recently introduced new currency is still to find its market value with regard to foreign currencies although the Aim-listed miner believes the Zimbabwean dollar may weaken…
MEDICAL Aid Societies are struggling to pay healthcare service providers due to price volatilities on the local market, the Association of Healthcare Funders of Zimbabwe (AHFoZ). This comes as most healthcare service providers are benchmarking their fees in United States dollars (US$) and using the prevailing exchange rate to charge for their services, resulting in…
© HIPPO Valley Estates (Hippo Valley) says its financial results for the year ended March 31, 2019 will be delayed further, by half a month due to an accounting policy review at the company’s group level. The listed sugar cane grower and miller had earlier announced that the results would be delayed by a month…
© In partnership with its local subsidiary Cassava Smartech Zimbabwe, and with Econet Wireless Zimbabwe, Cassava Fintech International (CFI), have launched SASAI, an integrated social payments platform that combines Payments, Chat and Entertainment services on one single App. [GoogleAd] The Integrated App offers unique Pay, Chat and Explore Features thus serving these all these on demand…
© NAMIBIA is planning to import fresh fruits and vegetables from Zimbabwe in order to close the gap for the country’s demand for fruits and vegetables. Some of the horticulture products identified by Namibia for imports include passion fruit, fine beans, peas (mange tout and sugar snap, blueberries, blackberries, strawberries and raspberries, baby vegetables such…
© THE Reserve Bank of Zimbabwe (RBZ) yesterday said its first Treasury Bills (TBs) auction in seven years, aimed at raising $30 million to finance government programmes were oversubscribed. The central bank 91-day bond with a yield-based interest rate had $132,750 million total bids. The highest rate was 40 percent while the lowest was 15…
© MAURITIAN-BACKED Housing Corporation Zimbabwe (HCZ) has applied for a consolidation of its two cases against the National Social Security Authority (Nssa) after winning a US$30 million private-arbitration damages claim — handled by lawyer Peter Lloyd — in February this year. [GoogleAd] This comes as High Court judge Esther Muremba’s October 2018 order for a…
© ZIMBABWE’s share of agriculture in the national budget allocations has remained low, less than African Union’s Maputo declaration target of at least 10 percent, the 2018 Agriculture Sector Survey has revealed. The southern African country only managed to allocate 14 percent of the national budget in 2014 but the allocation has remained very low…
© ETHICAL Leaf Tobacco (ELT) says it has mobilised US$30 million to procure inputs for tobacco production. ELT general manager Andrew Mupfawa said the company was passionate about the upliftment of rural livelihoods through sustainable tobacco production hence its prioritisation of input schemes. [GoogleAd] “The company funded inputs worth US$6 million in the 2018/19 season…
© BINDURA Nickel Corporation (BNC) says its profit for the year ended March 31, 2019 grew 131 percent to US$13,5 million compared to US$5,8 million last year, largely driven by exchange gains recognised on the introduction of the local currency. Muchadeyi Masunda, the company’s chairperson, said operating profit increased by 141 percent to US$21,3 million,…
