fbpx
Home Tags Zimbabwe

Tag: Zimbabwe

55% RioZim revenue gobbled by taxes, exchange rate anomalies

Tadiwa Musiyiwa HARARE – RioZim Limited says it is losing revenue to a “volatile operating environment”, with approximately 55% of its gross revenue spent on...

FMP occupancy rises to 89% to boost net property income in...

Tadiwa Musiyiwa HARARE – Property firm, First Mutual Properties’ net property income grew by 62% driven by a 49% increase in revenue growth and...

Simbisa profit margins improve on improved turnover and cost containment

HARARE -  Simbisa says its group operating profit margins during the three months to Sept. (Q1 FY22 ) improved by 5 percentage points from...

Rising consumer demand sees BAT cigarette sales volumes rise 25% in...

Itai Ndongwe  Improving consumer demand and increased export of cut rag tobacco saw British American Tobacco Limited (BAT) Zimbabwe recording an overall volume growth of...

ZRA increases water for power generation

Talkmore Gandiwa The Zambezi River Authority has revised upwards the water volume for power generations at Lake Kariba to three billion cubic meters due the...

Here’s how RBZ can promote use of the local currency: (WATCH)

HARARE - The quickest way to promote ZWL is for the government to start accepting ZWL for stat obligations. Mining companies need not be...

Border Timbers F21 profitability declines 40%

Itai Ndongwe/Tadiwa Musiyiwa Border Timbers recorded a 40% decline in profitability for the year to June which was weighed down by poor production performance. According to...

Government suspends duty on bulk fertiliser imports

Chris Mahove  The government has suspended duty on the importation of certain quantities of fertiliser for the 2021/2021 cropping season. According to a government gazette published...

Milk production dips slightly m-o-m in September (Download)

Talkmore Gandiwa HARARE - Milk production declined 1.6% in September to 6.98 million litres from a record 7.09 million the previous month weighed down by...

Demand for collateral stifling SME growth

Chris Mahove Small to Medium Enterprises are struggling to expand their businesses due to the demand for collateral by banks that should be providing them...

MOST POPULAR

HOT NEWS