Zimbabwe: Firm Doubles Diamond Production in First Quarter

The Zimbabwe Consolidated Diamond Company (ZCDC) is planning to nearly double diamond production this year, after production reached 751 303 carats in the first quarter. Read more »

Zimbabwe: Farmers Take Up U.S.$7 Million of Facility

The Agricultural Bank of Zimbabwe (Agribank) has lent $7 million of a $10 million facility to support horticulture farmers, an official has said. Read more »

Zimbabwe: Potato Virus Outbreak Threatens Tobacco Crop

The Tobacco Research Board (TRB) says tobacco yields could be cut by at least 30 percent this year due to an outbreak of the potato virus Y (PVY) across the country. Read more »

Zimbabwe: Agribank to Maintain Profitability

Agribank chief executive, Sam Malaba, has vowed that the bank, a perennial loss maker until it returned to profitability in 2016, will never again slip back into the swamps. Read more »

Zimbabwe: Old Mutual Listed Equities Value Drops

Financial services behemoth, Old Mutual (OM) says the value of its listed equity investments has so far this year fallen by 11,5 percent due to self-correction on the domestic… Read more »

Zimbabwe: Financial Services Firm Diversifies Into Commercial Real Estate

Financial services group, CBZ Holdings, is diversifying into the commercial property sector to unlock and increase shareholder value, acting chief executive officer, Peter Zimunya,… Read more »

Zimbabwe: Agribank Non Performing Loans Decline

Non performing loans (NPLs) at agricultural lender, Agribank, declined to 13,8 percent during the year ended December 31, 2017, after ending at 21,1 percent during the prior… Read more »

Zimbabwe: Deputy Minister Mukupe Says Water, Power Tariffs Too High

A government minister has said Zimbabwean products and services are the most expensive in the region, largely due to high production costs caused by the cost of key utilities. Read more »

Zimbabwe: Falgold Shuts Down Mine

Zimbabwe Stock Exchange-listed gold producer, Falcon Gold (Falgold), has shut down its Golden Quarries operation in Shurugwi due to working capital challenges. Read more »

Zimbabwe: Cabinet Puts Spotlight On Parastatal Reforms

Cabinet has begun discussions on State enterprise reforms, which are expected to see them curb their perennial dependence on the fiscus, The Financial Gazette has learnt. Read more »

Zimbabwe: Firm Crocodile Skin Prices Buoy Padenga

Crocodile skins and meat marketer, Padenga Holdings, has reported a 53 percent increase in profit after tax for the year ended December 31, 2017, buoyed by firming prices. Read more »

Zimbabwe: Mimosa Platinum to Ramp Up Production

Platinum miner, Mimosa, is planning to ramp up output over the next three years to cushion itself against declining ore grade and depressed platinum prices on the international… Read more »

Zimbabwe: Government Bans Multiple Pricing

Government has banned multiple pricing by making it an offence to charge different prices for products based on the mode of payment. Read more »

Zimbabwe: Property Investment Firm Goes After Axed Bosses

Listed property investment and development firm, Mashonaland Holdings (Masholds), has received the green light from the pensions regulator to recover loans paid to two axed… Read more »

Zimbabwe: Individual Cash Holding Limits Retrogressive

We all keep a little money at home for incidental expenses. Most of our cash is kept in a bank, rather than stashed somewhere in a pillow or piggybank at home. Read more »

Zimbabwe: Mnangagwa Opens U.S.$533 Million Power Project

President Emmerson Mnangagwa is today expected to commission the $533 million Kariba South Hydropower Station expansion project. Read more »

Zimbabwe: Stanbic Offers 50% Home Equity Loans

Stanbic Bank Zimbabwe is offering 50 percent home equity loans that allow home owners to move from one level of financial freedom to another. Read more »

Zimbabwe: Old Mutual Records U.S.$219 Million Profit

Integrated financial services group, Old Mutual Zimbabwe Limited (OM) said its profit after tax went up 139 percent to $219 million profit surge in the full year to December 31,… Read more »

Zimbabwe: Govt Releases Externalisation List

Government has released a list of companies and individuals who externalised funds and did not heed to President Emmerson Mnangagwa's call to return the funds. Read more »

Zimbabwe: 'No Compensation for Farmers'

The Zimbabwean government says it has no capacity to compensate farmers who lose their crops to natural disasters and veld fires. Read more »

Zimbabwe: Should Employee Salaries Be Confidential?

We recently published a research on salary transparency in Zimbabwe. Read more »

Zimbabwe: Liquidity Challenges Hit Life Assurers

New business written by the life assurance sector for both individual life and group business decreased by 26 percent and two percent respectively in the quarter to September 2017,… Read more »

Zimbabwe: Govt to Roll Out Special Mining Leases

The Ministry of Mines says investors seeking to start mining operations worth at least $100 million can apply for special mining leases (SML). Read more »

Southern Africa: 'Scramble for Zimbabwe Is On'

The Chamber of Mines of Zimbabwe (CoMZ), in partnership with Mining Report, last week held the Zimbabwe Mining Investment Conference, the biggest business conference since a new… Read more »

Zimbabwe: NetOne Compensates Subscribers for 'Disappearing Data'

NetOne has disclosed that they compensated 177 000 OneFusion customers for the disruptions faced last month. Read more »