Business

Business

AFRICAN lithium company, Prospect Resources (Prospect) has successfully completed its rights issue, raising approximately A$2 million (US$1,304 million), managing director Sam Hosack has revealed. Do you have a ...

THE Zimbabwe National Statistical Agency (ZimStat) says it has delayed the publication of last month’s inflation figures due to the COVID-19-induced lockdown that crippled the data collection process. ...

MARKET forces have caused havoc on the Zimbabwe dollar on the parallel market, with the exchange rate shooting to US$1:$70. Do you have a coronavirus story? You can ...

THE cost of living in Zimbabwe skyrocketed by $324 to $7 171 by end of April last month due to an increase in fuel prices, limited supply of ...

LEADING oil processing giant company, Castor Oil, has embarked on a programme to support small-scale and commercial farmers in growing the essential castor beans crop, which the firm ...

SWISS-BASED cement maker Lafarge Holcim’s local unit, Lafarge Zimbabwe says it expects sales volumes to plunge 30% year-on-year in the second quarter of the year due to the ...

LISTED clothing retailer Edgars Stores has not been spared from the impact of diminishing consumer purchasing power, with its year-to-date turnover to April 2020 increasing by 465% on ...

PIPE manufacturing concern Proplastics’ inflation-adjusted profit-after-tax ballooned 1 300% to $52 million during the year ended December 2019 despite an adverse trading environment punctuated by non-availability of utilities ...

STUNG by perennial fuel and electricity shortages affecting its operations, Zimpost — a quasi-government institution — is planning to invest in solar power and electric-powered vehicles to combat ...

FIRST Mutual Holdings Limited experienced an investment loss of $392,8 million for the year ended December 31, 2019, owing to the decline in value on Zimbabwe Stock Exchange ...

STUNG by perennial fuel and electricity shortages affecting its operations, Zimpost — a quasi-government institution — is planning to invest in solar power and electric-powered vehicles to combat the challenges. ...

FIRST Mutual Holdings Limited experienced an investment loss of $392,8 million for the year ended December 31, 2019, owing to the decline in value on Zimbabwe Stock Exchange (ZSE)-listed equities as the market index grew at a slower rate than inflation. ...

ZIMBABWE Stock Exchange-listed Turnall Holdings says the distribution of its products has been hampered by movement restrictions as a result of the lockdown imposed by government to stem the spread of coronavirus. ...

RENOWNED American economist, Steve Hanke says Zimbabwe has the second “junkiest” currency in the world owing to its continued fall. ...
Econet

Econet Wireless has begun reopening its shops following the lifting of some COVID-19 lockdown restrictions.  By Staff Reporter But the company cautioned customers to be patient as it ...

The Bitcoin price is impacted by the consequences of the spread of the coronavirus on traditional markets. The amount of conventional assets has been losing value for a ...

Do you have a coronavirus story? You can email us on: news@alphamedia.co.zw ...

FINANCIAL services firm, FBC Holdings Limited (FHL) says preliminary assessments show that the group’s financial performance for the year 2020 may be impacted adversely. ...

THE Zimbabwe Agricultural Growth Programme (ZAGP) — a partnership between government, the European Development Fund and the European Union — has bought 245 pig breeding stock from South Africa to help boost production. ...

ABOUT 57,3% of Zimbabwean citizens have never participated in pre-budget consultations, a new survey report has revealed. Do you have a coronavirus story? You can email us on: ...

THE African Development Bank (AfDB) has approved a $13,7 million grant towards Zimbabwe’s COVID-19 response. The funds will provide a lifeline for targeted frontline responders and health personnel ...

Zimbabwe has added a new chapter in its storied monetary policy history, with the Reserve Bank of Zimbabwe (RBZ) announcing that it will be introducing new ZWL$10 and ZWL$20 notes with effect from Tuesday and the first week of June 2020, respectively. ...
Cresta

Cresta Hotels will re-open two of its five Zimbabwean properties on Monday, all five having been closed since the start of the national lockdown. ...

LISTED cable manufacturer Cafca says it believes it will remain in business in the foreseeable future mainly due to no foreign debts and consistent supply of raw materials, ...

ZIMRE Holdings Limited (ZHL) says it will implement short-term survival strategies including balance sheet preservation and cost control in the second half of the year on the back ...

ZIMBABWE-focused miner, Premier African Minerals (Premier), seeks to acquire a further 7% stake at Namibian MN Holdings Limited (MNH) for US$700 000, a move expected to be a ...

BY BUSINESS REPORTER THE Zimbabwe National Chamber of Commerce (ZNCC) has warned that price controls will result in shortage of basic commodities. Last month, Vice-President Kembo Mohadi announced ...

THE Zimbabwe National Gazelles has launched a programme to support yet-to-be-identified small-to-medium enterprises (SMES) with an annual turnover of $1,2 million into medium-sized entities through intensive business workshops, ...

BY MTHANDAZO NYONI BLANKET Mine, one of Zimbabwe’s largest mining companies, continued with its strong financial and operating performance, registering a 146% increase in gross profit to US$10,6 ...

by Kudzai Kuwaza MINE workers and the Chamber of Mines will meet on Thursday to begin discussions over wage increments for the second quarter. The negotiations are being ...