HARARE – SABMiller’s Zimbabwe affiliate reported a 51 percent increase in annual volume of lager beer. Delta Corporation, which is 38 percent owned by global brewing giant SABMiller said in a trading statement its lager business had done well but taken a knock from problems in acquiring imported raw materials and services as access to…
HARARE – Hwange Colliery Company Limited (HCCL) has suspended negotiations concerning a material transaction, which was going to have an effect on the price of the company’s shares, had it been concluded. The Zimbabwe Stock Exchange listed miner, which also trades its shares on the London and Johannesburg stock exchanges, had announced that it would…
HARARE – A 423-page report by a Commission of Inquiry “Into the conversion of insurance and pension values from the Zimbabwe dollar to the United States dollar” in 2009 vindicates the old adage that says all that glitters is not gold. Like snake oil salesmen, the generality of Zimbabweans had for years been made to…
HARARE – ECONET Wireless Zimbabwe (Econet) has been given a licence to generate power to meet the electricity and energy needs at its Willowvale premises in Harare, according to a notice carried in the media. The Willowvale complex is a major hub for Econet’s switching and network operations infrastructure. The Zimbabwe Energy Regulatory Authority (Zera) said…
HARARE – Shareholders of Zimbabwe’s largest financial services group by assets, CBZ Holdings (CBZ), are smiling all the way to the bank after the group declared a $1,8 million dividend for the year to December 31, 2017. The group’s company secretary Rumbidzayi Jakanani said the payment was slated for May 11, 2018. “Notice is hereby given…
HARARE – Zimbabwe’s annual inflation shed 0,3 percentage points in March to close the month at 2,68 percent, latest data from the national statistical agency show. “This means that prices as measured by the all items Consumer Price Index increased by an average of 2,68 percent between March 2017 and March 2018,” Zimstat said yesterday….
HARARE – The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) this week took its broad mission to ensure Tsholotsho among other marginalised districts in the country are fully connected to e-learning and e-government. Tsholotsho, Matabeleland North province is one of the districts in the country which has for many years suffered from network connectivity,…
HARARE – Vice President Constantino Chiwenga says the country needs to double its agricultural output in order for the country to regain its status as the bread basket of Africa. Addressing guests at a SeedCo-hosted field day held at President Emmerson Mnangagwa’s Pricabe Farm in Kwekwe, Chiwenga said agriculture currently contributes between 15 and 18…
HARARE – President Emmerson Mnangagwa’s administration has put plans in motion to restructure the Zimbabwe National Road Administration (Zinara) as a way of making the parastatal more effective and reduce corruption. Over the past few years Zinara has been under fire from various stakeholders in the economy over its failure to upgrade roads in many…
HARARE – Zimbabwean banks need to stop lending to government as their exposure to Treasury Bills (TBs) could work against the sector in the future, a local think tank has warned. In its 2018 Economic Review and Outlook, Econometer Global Capital (Econometer), warned that government expenditure increases had continued to far outweigh growth in revenue…
