TIMB rebrands to ensure sustainability
The Tobacco Industry Marketing Board has rebranded to ensure sustainable production and marketing of tobacco in Zimbabwe.
TIMB Chief Executive, Meanwell Gudu said the rebranding project is the first of its kind by the Board....
PPC anticipates higher F22 sales growth spurred by Zim and Rwanda Ops
HARARE – PPC Limited is expecting total group sales volume growth of between 4% and 8% year-on-year (YoY) to March 2022 largely sustained by its Zimbabwe and Rwanda operations where there have been significant...
Quality employment generation key to formalisation of economy
Tadiwa Musiyiwa
Growth strategies and quality employment generation are key factors towards the formalisation of Zimbabwe’s economy.
The informal sector contributes above 70% of the country’s GDP. According to Zimstat’s labour force survey for the fourth quarter...
Old Mutual to pay Zim shareholders final dividend of $4 per share
Staff Writer
HARARE - Old Mutual has completed dividend currency translations for its shareholders in countries where it is listed, with Zimbabwean shareholders receiving ZWL439.42788 cents per share.
Old Mutual securities are currently suspended from trading...
Bread, Mealie Meal prices go up: GMAZ
Grain Millers Association of Zimbabwe (GMAZ) has said the prices of bread and maize meal have gone up due to higher grain and oil prices currently obtaining on global markets due to the Russia-Ukraine...
Why Zimbabwe abstained from the UN vote on Ukraine-Russia crisis
Davison Kaiyo/Talkmore Gandiwa
Harare – Zimbabwe is among the 35 countries that abstained to vote in the United Nations (UN) resolution condemning Russia’s actions in Ukraine.
The UN General Assembly, which was this week sitting under...
Crisis outcomes expected due to erratic rainfall: Fewsnet
Tadiwa Musiyiwa
Crisis outcomes are expected to persist in most typical deficit-producing areas through March due to non-availability of own-produced food stocks, reductions in agricultural labour opportunities and income, and limited access to food and...
Lower grades and plant recoveries affect Mimosa’s H1 production
Tadiwa Musiyiwa
Platinum Group Metals (PGMs) production at Mimosa Mining Company decreased by 6% to 58 537 4E ounces due to slightly lower grades and plant recoveries.
Mimosa’s parent company, Sibanye-Stillwater Chief Executive, Neal Froneman in...
Invictus identifies potential hydrocarbon traps at Muzarabani
Invictus Energy says it has identified potential hydrocarbon traps following receipt of final processed data from its 2D seismic survey over the Muzarabani gas-condensate prospect in Mashonaland Central.
Muzarabani is potentially the largest, undrilled seismically...
FIU orders freeze on four company accounts
HARARE - The Financial Intelligence Unit has directed that the accounts of four retail chains be frozen to allow for investigations on possible money laundering allegations related to parallel market activity.
According to a letter...
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Supreme Court wraps PG over Chombo’s passport
Munyaradzi Doma
The Supreme Court has ordered Prosecutor General Kumbirai Hodzi to pay the costs after he unsuccessfully appealed against a High Court order to release...
