Hemp production progressing well

At least five hemp farmers have now reached the harvesting stage for the crop that is expected to contribute significantly to the country’s export earnings, Business Weekly can report.

Exports jump 35,5 percent

The value of exports from Zimbabwe increased by 35,5 percent in the first six months of the year to US$2,52 billion compared to US$1,86 billion in the corresponding period last year, official data show. 

Zim plans revolving facilities

Business Writer Zimbabwe will create revolving loan facilities supported by part of the International Monetary Fund’s US$961 million special drawing rights (SDRs) to support key productive sectors including mining, agriculture,…

Old Mutual to light up thousands of homes

Old Mutual Zimbabwe — a subsidiary of Old Mutual — has poured US$12,4 million into solar projects around that southern African country, which will generate a combined 25 MW upon completion.

ZB launches funeral plan

ZB Life Assurance, a subsidiary of ZB Financial Holdings, has launched an enhanced ZB Cash Funeral Plan that seeks to provide post-burial benefits to policyholders, in addition to the cash benefits that assist with the financing of funeral and burial costs.

NTS enjoys high demand for tyres

National Tyre Services (NTS) says positive developments in the domestic economy, including a bumper harvest anchored by a record grain output and slowing inflation, have spurred demand for tyres.

Stanbic Bank maintains steady performance in H1

Stanbic Bank has defied macro-economic challenges bedevilling the country to post an inflation adjusted profit after tax of $1.2 billion for the half year to June 2021.

About Cassava Smartech

Cassava Smartech is a technology Group that leverages digital and financial technologies to “build shared economies, drive financial inclusion and promote economic empowerment”.

IMF SDRs to boost reserves, but . . .

Reserve Bank of Zimbabwe  (RBZ) Governor John Mangudya was very careful this week when talking about the equivalent of US$961 million deposited into the Zimbabwean account at the International Monetary Fund (IMF) to make it clear that while this was extremely useful, it was not going to suddenly solve a number of underlying monetary issues.

Boost for Chipinge smallholder farmers

Forty-five smallholder pineapple farmers in Rusitu Valley, Chipinge, the majority of whom are victims of Cyclone Idai that killed hundreds and destroyed homes in 2019, have received a major boost following the organic certification of their pineapples by EcoCert.