Farmers expect firm tobacco prices

Tobacco prices are expected to firm in US dollar terms this marketing season — set to open next month — on the back of relatively high quality crop expected, a development that will push up national average price significantly compared to prior season.  

Invictus oil, gas plans receive funding boost

Invictus Energy, which is exploring for oil and gas in Muzarabani, plans to drill test wells in October received a major boost after it secured support from investors to raise US$10,48 million exploration funding.

SMES to contribute US$2t to GDP

SMALL to Medium Enterprises in Africa have potential to contribute over US$2 trillion combined to the Gross Domestic Product under the African Continental Free Trade Area (AfCFTA), a standards and systems certification body for Southern Africa said on Thursday.  

Zim exports at nine months low

Zimbabwe recorded its lowest monthly exports in nine months after January export earnings amounted to just US$282,9 million with gold exports at their lowest since November 2018. 

Old Mutual spends fortune on mortality claims

A PREMIUM African financial services group, Old Mutual, says last year it spent an estimated R13 billion settling fast-tracked mortality claims.  

Stanbic bounces back

Stanbic Bank has posted an inflation adjusted profit after tax of $1,1 billion for the year ended December 31, 2020, recovering from a $44 million loss in the prior year. 

Padenga predicts fall in profitability

Crocodile breeder, Padenga Holdings Limited, has warned of a significant fall in profitability for the year to December 31, 2020 relative to prior year due to the negative effects of the Covid-19.

Emirates increases flights to Harare, Lusaka

Emirates has increased flights from four to five times a week to Harare and Lusaka starting June this year in response to growing passenger demand for air travel. 

Zimbabwe qualify for Africa Cup of Nations after Zambia fail to beat Algeria

Mehluli Sibanda in Francistown, Botswana ZIMBABWE have qualified for next year’s Africa Cup of Nations after Zambia drew 3-3 with Algeria in Lusaka on Thursday. The Warriors had earlier on…

Warman closure regrettable: CZI

The industrial lobby group, Confederation of Zimbabwe Industries (CZI), says the closure of Warman Zimbabwe Limited due to ownership squabbles is regrettable and has detrimental effects on Zimbabwe’s import bill and operations of firms in the productive sectors. 

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