Zimbabwe faces the risk of a grave solvency crisis after government experienced a budget overrun of $2,4 billion and a staggering budget deficit of $2,6 billion in 2017, about 59% in excess of actual revenue receipted. Treasury’s consolidated statement of...
National cotton deliveries by farmers have reached 120 000 tonnes, exceeding this year’s target by 20 percent, the latest figures from the Cotton Company of Zimbabwe (Cottco) have shown. Deliveries to Cottco, Zimbabwe’s biggest cotton financier, have increased by 122...
BMW group says there are no plans yet for setting up a second manufacturing plant on the continent outside of South Africa. Head of BMW group’s Business and Finance Communications Renate Heim told journalists attending the International Journalism Programme in...
The number of slaughtered pigs has increased by 2,7% in the first-half of 2018 compared to the same period last year, an indication that the sector has started picking up following the drought experienced in the 2015/16 cropping season,...
Mineral sales volumes increased by 34% to 922 108 tonnes valued at $780,56 million in the first-half of the year, with most minerals registering a growth, latest statistics from the Minerals Marketing Corporation of Zimbabwe (MMCZ), have shown. The Statistics...
ZB targets 700 residential stands Diversified financial services group, ZB Financial Holdings will put over 700 residential stands on the market in Plumtree before end of this year. This is part of the group’s efforts towards alleviating housing shortages in the...
The resort town of Victoria Falls is inundated with inquiries from Zimbabwe’s major tourism source markets keen on directly investing into the tourism sector, an industry official has said. Zimbabwe’s source markets include United Kingdom, the United States of America,...
Econet replaces Delta as ZSE heavyweight Mobile operator Econet Wireless Zimbabwe Limited is now the biggest company on the Zimbabwe Stock Exchange (ZSE) by market capitalisation at $3,108 billion as of Friday last week, replacing Delta Corporation Limited from its...
Blanket Mine gold output rises marginally Gwanda-based gold producer Blanket Gold Mine’s production in the second quarter of this year was 12 657 ounces, marginally up from 12 521oz in the prior comparable period. Output for the first half of 2018...
Supermarket group, Food World will this weekend hold a road show in Harare’s central business district as part of its “Live the Good Life” promotion, as it moves to lure more customers and raise awareness of the campaign, which...

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