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EU maintains sanctions on Zimbabwe Defence Industries

The European Union has maintained an arms embargo and targeted asset freeze on the Zimbabwe Defence Industries while lifting restrictive measures on three individuals:...

Govt to approve agriculture joint ventures

Itai Ndongwe The Lands, Agriculture, Fisheries, Water, and Rural Development Ministry has approved the framework for joint venture (JV) agreements, which will allow investors to...

Invictus secures ancillary equipment for drilling campaign

Itai Ndongwe Invictus Energy has secured the required long lead items as well as casing and wellheads  for a two-well drilling programme at its Cabora...

Zim platinum production declines 11% in Q3, global surplus to extend...

Zimbabwe’s platinum production was 11% lower in the third quarter to September at 111koz from 125koz in the previous quarter, the latest World Platinum...

SMEA to honour growing and outstanding SMEs

The SME Association of Zimbabwe will this week host the Local Legends awards, an event meant to honour and reward MSMEs that have excelled in...

ZAMCOM delivers PIDACC endorsement letters to AfDB

Talkmore Gandiwa The Zambezi Watercourse Commission has delivered five endorsement letters to Africa Development Bank as part of the requirements needed to unlock funds that...

55% RioZim revenue gobbled by taxes, exchange rate anomalies

Tadiwa Musiyiwa HARARE – RioZim Limited says it is losing revenue to a “volatile operating environment”, with approximately 55% of its gross revenue spent on...

FMP occupancy rises to 89% to boost net property income in...

Tadiwa Musiyiwa HARARE – Property firm, First Mutual Properties’ net property income grew by 62% driven by a 49% increase in revenue growth and...

Simbisa profit margins improve on improved turnover and cost containment

HARARE -  Simbisa says its group operating profit margins during the three months to Sept. (Q1 FY22 ) improved by 5 percentage points from...

Rising consumer demand sees BAT cigarette sales volumes rise 25% in...

Itai Ndongwe  Improving consumer demand and increased export of cut rag tobacco saw British American Tobacco Limited (BAT) Zimbabwe recording an overall volume growth of...

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