Business

Business

THE egg producing industry grew by 2% to four million eggs in the second quarter of 2019, largely driven by small-scale producers, an industry official has said. ...

CREDIT from micro-finance institutions in the second quarter of 2019 increased by 26,4% to $316,3 million from the previous quarter’s $250,1 million due to an increase in productive loans. ...

LISTED Dawn Properties says it is buoyant that Zimbabwe diasporans will grab residential stands under its $200 million housing facility in Harare. ...

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ZimTrade, the national trade development and promotion organisation in partnership with the United Kingdom’s Department for International Trade (DIT) in Harare, will be conducting an outward mission which will see 20 local companies take part in trade exhibitions and B2B meetings in London, Coventry and Birmingham. ...

CHINESE investors say they are committed to continue investing in Zimbabwe, but unfavourable investment conditions like failure to expatriate investment back home were dampening their spirits. ...

BRITISH American Tobacco (BAT) recorded a 14,6% increase in profit-after tax to $8,5 million during the six-month period ended June this year, buoyed by increased revenue generation. ...

FINANCIAL services entity, Homelink, says it has come up with a programme to support the growth of micro enterprises as part of its initiative to boost economic growth. ...

THE Zimbabwe Agricultural Society (ZAS) has experienced a low turnout year, largely attributed to the worsening economic environment which has sharply eroded the income of Zimbabweans. ...

THE Zimbabwe Revenue Authority (Zimra) has recovered about $77 million under the whistleblower facility since 2009 to June this year, an official has said. ...

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The recent havoc caused by tropical Cyclone Idai which struck the southern African countries of Mozambique, Zimbabwe and Malawi is a grim reminder that Africa remains the most vulnerable continent as far as climate change mitigation is concerned. ...

ZIMBABWE’s largest mobile money operator, EcoCash, has launched a bureaux de change called The Smart Change Money as the firm steps up efforts to source forex. ...

SOUTH AFRICAN-HEADQUARTERED insurance company, Old Mutual Limited (OML) says it will apply hyperinflationary accounting for its Zimbabwe business unit in light of the runaway inflation plaguing the economy. ...

A TEAM of South Korean tour operators and buyers is set to visit the majestic Victoria Falls and Hwange National Park ahead of the Sanganani/Hlanganani Tourism Expo to be held in Bulawayo next month. The operators’ experience in the country will help market destination Zimbabwe back home and in the Asian continent at large. ...

An acceleration in economic growth in South Africa could trigger power cuts, with State utility Eskom Holdings’ fragile generation system unable to respond to increased demand for electricity. ...

Zimbabwe’s rulers are finding that two decades of economic mismanagement and brutal repression have led them into a trap, from which there’s little chance of escape. ...

PROPERTY investment firm, Mashonaland Holdings Limited (MHL), says the property market is likely to remain depressed in the short-to-medium term due to economic challenges. ...

THE majority of poverty-stricken Zimbabwean families are now heavily dependent on diaspora remittances for their upkeep as the economy continues on a nosedive, with the value of the local currency failing to keep pace with the greenback, a survey by a global financial services firm, Fitch Solutuions, has revealed. ...

STANBIC Bank Zimbabwe has increased the number of university students who will be participating in its 2019/2020 cycle of exclusive internship programme to 20. ...

CRODODILE skin exporter, Padenga Holdings’ plans to diversify its business portfolio and venture into mining is set to boost the company’s export revenue and gather real assets, IH securities has said. ...

THE Zimbabwe Stock Exchange (ZSE) has suspended sugar firm, Hippo Valley Estates Limited (HVEL) from trading on the local bourse for failing to publish its audited financial results for the year-ended March 31, 2019. ...

CONSUMER rights watchdog, Poverty Reduction Forum Trust (PRFT), says during the month of July, an average family of six required at least $1 684,45 to sufficiently source food and non-food items. ...

THE United States (US) government has said in a report that Zimbabwe is still lagging behind in terms of fiscal transparency. ...

GOVERNMENT has floated Treasury Bills (TBs) valued at ZWL$60 million, the second auction in a month geared towards financing various programmes. ...

UNITED States research arm, the Congressional Research Service (CRS), has condemned the Zanu PF-led government’s economic policy record as “poor”. ...