Tuesday, November 13, 2018
BH24 Reporter HARARE - Zimbabwe’s milk production increased by 14 percent in the second quarter to 17, 76 million litres from 15, 60 litres during the same period last year, figures from the Ministry of Lands, Agriculture and Rural Resettlement show. The country requires 10 million litres of raw milk each...
Business Writer  Econet Wireless Zimbabwe Limited (EWZL) half year revenue to August this year rose by nearly 70 percent on the back of strong performance by its ‘SmartTech business unit. Revenue grew to $600 million, up from $ 353 million prior year, the company said in its financial year yesterday. The conglomerate, which...
Martin Kadzere and Golden Sibanda Rushing to implement currency reforms without sufficient stocks of foreign currency to back up the transition would have serious adverse effects on Zimbabwe’s economy, which would cause suffering of citizens, global lenders have warned. As such, Government has been cautioned to maintain the current currency approach,...
Kudzanai Sharara Despite the prevailing inflationary pressures and growing market concerns, one of the country’s biggest retailers, OK Zimbabwe, says it is still recording real growth as evidenced by the difference between its revenue growth and its internal inflation. Presenting OK Zimbabwe’s results for the half-year ended September 30, 2018, chief...
Business Writer Intratrek Zimbabwe, which is entangled in contractual dispute with Zimbabwe Power Company (ZPC) over the Gwanda solar plant, has filed submissions to the High Court seeking an order compelling ZPC to allow it to fulfil terms of the project agreement or be paid $25 million damages for breach...
Tawanda Musarurwa Zimbabwean telecoms giant, Econet Wireless Zimbabwe says the move to acquire a 10 percent stake in regional fibre operator Liquid Telecoms Holdings will offer the group “capital growth” opportunities. The Mauritius-based Liquid Telecom Holdings Group has operating companies across the continent, namely in Botswana, the Democratic Republic of Congo,...
Tawanda Musarurwa Government says it is in the process of developing the National Regulatory and Quality Infrastructure Policy that seeks to address the key macro-economic issues of standardisation. Experts say properly functioning Quality Infrastructure (QI) and consumer protection systems are vital insofar as they create a vital basis for participation in...
Following the gazetting of Statutory Instrument (SI) 237A of 2018, a number of goods which were formerly controlled by the Ministry of Industry, Commerce and Enterprise Development were removed from the goods requiring import licences. Statutory Instrument 237A amended Statutory Instrument 122 of 2017 which had amended Statutory Instrument 64...
Michael Tome Zimbabwe’s largest brewery, Delta Corporation, posted a 77 percent jump in profit to $57,2 million from the $32,3 million recorded prior year comparative on the back of revenue and volume growth for lager beer in particular. Basic earnings per share amounted to 4,63 cents up from 2,64 cents prior...
Business Writer Invictus Energy has capacity to handle the multi-billion dollar Cabora Bassa Project that encompasses the Mzarabani Prospect and there is nothing amiss with its funding model, managing director Scott Macmillan has revealed. This comes as some quarters had questioned Invictus’ capacity to meet the enormous financial demands for the...