imbabwe Small scale miners are aiming to contribute US$4 billion to the targeted goal of turning the mining sector into a US$12 billion economy Zimbabwe Miners Federation (ZMF) announced. Read more.
Zimbabwe’s Rainbow Tourism Group (RTG) posted an inflation adjusted 95% rise, $164 million pre-tax profit, during the half year ended as at June 30th 2021 from $84 million pre-tax profit prior the same period. Read more.
In almost two decades the defunct State-owned meat processor and marketer, Cold Storage CompanyCSC is set to resume normal operations after the investor injected US$6 million to capacitate the company in its bid to revive old and absolute infrastructure which has not been taken care of for the past two decades. Read more.
A newly established electronic agricultural commodity platform, the Zimbabwe Mercantile Xchange (ZMX), has the potential to provide a doorway for increased private sector investment into agriculture, as stated by a senior official. Read more.
THE Industrial and Commercial Bank of China (ICBC) has not reneged on an agreement to finance the US$3 billion coal fired power plant Zimbabwean firm, RioZim, wants to develop in Sengwa, Gokwe fuelling speculation in the international media and business community that the deal have collapsed.
The Central Africa Building Society (CABS), which is a banking subsidiary under Old Mutual Zimbabwe, has underlined that it is dedicated to assist private sector investments that have potential to aid economic growth. Read more.
According to a local research firm, the growing gap between parallel and official market rates which are being fuelled by the increased use of the US dollar, is likely to hinder the country’s economic performance in the second half of 2021. Read more.
The implementation of a €6.8 million project is in progress to renovate the priority cross-border infrastructure and equipment at selected border points between Zambia on one hand and Malawi, Zimbabwe and Tanzania on the other. Read more.
Seed producer, Seed Co Zimbabwe has completed setting up its new US$12 million artificial seed drying plant at Stapleford, Mt Hampden, Zimbabwe which will enhance early seed availability for sale post-harvest. Read more.
In a period between January and May 2021, Zimbabwe’s export receipts improved by 31% to accumulating a staggering figure of US$2.02 billion which is a great climb as compared to the US$1.53 billion during the same period last year in 2020 regardless the negative environment brought about by the Covid-19 pandemic. Read more.