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ZiG under threat as gold output declines
Mines and Mining Development Minister, Winston ChitandoNyashadzashe NdoroChief ReporterZimbabwe’s gold output has fallen by 1.9% in the first quarter of 2024, raising fears that the country’s recently...
External audits of RBZ gold reserves will give ZiG credibility
Audrey GalawuASSISTANT EDITORAs the Reserve Bank of Zimbabwe has started an outreach campaign to get widespread acceptance of Zimbabwe Gold analysts says regular verification of national gold reserves...
First Capital gears up for AGM, announces board reshuffle and dividend
Nyashadzashe NdoroChief ReporterFirst Capital Bank is set to convene its 43rd Annual General Meeting virtually on June 12, 2024.The meeting will see shareholders participate online to vote on resoluti...
Zimbabwean blueberry producers seek access to Chinese market
 HARARE, Xinhua - At a farm in Marondera, about 80 kilometres east of the Zimbabwean capital Harare, blueberries are ripening in May. Workers carefully pick the plump berries from the shrubs, ensuring...
Simbisa Brands achieves top-line growth despite challenging environment
Nyashadzashe NdoroCHIEF REPORTERSimbisa Brands Limited, one of the largest quick service restaurant groups in Sub-Saharan Africa, managed to achieve a 3% year-on-year growth in revenue for the third q...
Sugar Tax Squeezes Delta Profits, Raises Beverage Prices
Philemon JambayaASSISTANT EDITORDelta Corporation Limited, Zimbabwe’s largest beverage maker, is feeling the pinch from the newly-implemented sugar tax. The tax, introduced in 2024, is expected to sig...
NMBZ soars despite economic turbulence, operating income up 203%
Nyashadzashe NdoroCHIEF REPORTERNMBZ Holdings Limited released a positive trading update for the first quarter ended March 31, 2024 (Q1 2024), highlighting a 203% increase in operating income compared...
Baker’s Inn opens US$30 million plant in Bulawayo
Oscar J JekeZim Now ReporterInnscor Africa subsidiary, Baker’s Inn, has opened a US$30 million plant in Belmont, Bulawayo as efforts to revive industry in Zimbabwe’s second city continue.Bulawayo used...
AfDB’s US$15 million Trade Finance Package for First Capital to support SMEs, local enterprises
ABIDJAN, Ivory Coast, APO Group -Â The Board of Directors of the African Development Bank Group has approved a US$15 million trade finance package for First Capital Bank in Zimbabwe to help bolster int...
Govt takes two-pronged approach to tackle currency manipulation
Finance Miniter, Prof Mthuli NcubeNyashadzashe NdoroCHIEF REPORTERZimbabwe’s government is taking a two-pronged approach to tackle manipulation of the country’s recently introduced currency.The Minist...