FBC Holdings pays out $15,4m in dividends

Enacy Mapakame Financial services group FBC Holdings has paid out a cumulative $15,4 million in dividends to its shareholders in the past five years.

Gweru $50m brick, tile plant takes off

Lovemore Zigara in GWERU Sino Zimbabwe Cement Company has commenced the construction of a $50 million tile and brick plant in Gweru, just two years after the project was approved.

Wilowvale cuts production targets

Kudzanai Sharara Wilowvale Motor Industries (Private) Limited (WMI) had to cut down its production targets for BAIC vehicles due to shortages of foreign currency, WMI chairman Ben Khumalo has said.

COMMENT: Cashless life almost here

The last 18 months have seen the near total conversion of the Zimbabwean economy from one where the majority of transactions, especially smaller transactions, were made with banknotes and coins…

Bird flu culls damage poultry sector

Business Writers Industry experts say the culling of birds at Irvine’s Lanark Farm will pose a great threat to the sector as it will take time before the birds can…

Sino-Steel puts on hold plans to sell stake in Zimasco

Tinashe Makichi Sino-Steel Corporation has put on hold plans to sell its controlling interest in one of Zimbabwe’s largest ferrochrome producer, Zimasco.

Who is fuelling forex black market?

The foreign currency black market is currently thriving, if the number of foreign currency dealers lining up our streets is anything to go by. While two years ago you could…

Zim should develop net foreign assets and own multinationals

Chris Chenga Zimbabwe has struggled with consistent fiscal deficits, tax revenues being surpassed by expenditures. Pressure has been put on Minister Chinamasa to balance the budget, especially as government is…

Incentives for local producers will compliment Export Incentive Scheme

Albert Norumedzo The Zimbabwean economy is expected to grow by 3.7 percent. This trend is attributable to an agriculture sector that is expected to grow by 21.6 percent due to…

What Sadc needs to do

Business Day The community’s trade and investment flows have grown considerably over the past 15 years, but integration into value chains remains low, writes Chelsea Markowitz

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