Cottco to solve woolpacks challenge
Cottco, the country’s largest cotton financier, is intensifying efforts to mitigate a shortage of wool packs after it entered into toll ginning arrangements with private ginners.
Qatar Airlines to buoy Zim tourism
QATAR airlines’ newly established Harare-Doha route will immensely contribute to the unlocking of new tourism source markets and the growth of tourism receipts in the country, Environment, Climate, Tourism and Hospitality Industry Minister Mangaliso Ndlovu has said.
Banks sound, Mthuli
The country’s banking sector remains safe and resilient despite the shocks caused by the Covid-19 pandemic, Finance and Economic Development Minister Professor Mthuli Ncube has said.
Zimplats’ 6E output increases 12 pc
Zimbabwe’s largest platinum group metals (PGMs) producer, Zimplats says its six elements (6E) output improved by 12 percent to 153 643 ounces in the quarter ended June 30, 2021 from 137 093 the previous quarter.
IMF approves largest ever SDR allocations
The International Monetary Fund (IMF) has approved a new general allocation of Special Drawing Rights (SDR) equivalent to US$650 billion, the largest in the IMF’s history, in an effort to boost global liquidity amid the Covid-19 pandemic, according to a statement released Monday.
TM Pick n Pay sales drop
TM Pick and Pay sales for the year to March 2021 dropped by 21 percent due to Covid-19 limitations in trading times during the second half of the year, the company said.
Oil and gas creates 100 jobs for locals
INVICTUS Energy, the Australian firm exploring for oil and gas in Zimbabwe, has recruited over 100 people from Muzarabani, where it is searching for the hydro-carbons, to work on its seismic survey, which will locate appropriate sites for test well drilling.
Earnings growth for SeedCo
Analysts project earnings growth for Seed Co International Limited in the current financial year despite the adverse effects of Covid-19 pandemic across the region.
Cassava Smartech to change name to EcoCash Holdings
Zimbabwe Stock Exchange – listed entity, Cassava Smartech Zimbabwe Limited, will at its next Annual General Meeting, seek shareholder approval to change its name to EcoCash Holdings Zimbabwe Limited, the company has announced.
Producer prices marginally up in June
ZIMBABWE’S Producer Price Index for June 2021 was a slight 0,15 percent higher at 4 617.21 from 4 610.45 recorded in May this year, Zimbabwe National Statistic Agency (Zimstat) has revealed.











