Ndakaziva Majaka, Markets Editor, Author at The Financial Gazette

Zimglass shuts down

ZIMBABWE Glass Industries (Zimglass) has entered the final stages of liquidation as parent company, Industrial Development Corporation (IDC), moves to conclude a restructuring exercise by year end, an IDC executive has said. (more…)

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February 14, 2019

National Report

NRZ eyes $125 million revenue FY19

THE National Railways of Zimbabwe (NRZ) says it is projecting its revenues to increase by 31,6 percent to $125 million this year, driven by improved economic conditions and demand for the firm’s services. (more…)…

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February 14, 2019

Companies & Markets

Bata diversifies into protective wear market

BATA, Zimbabwe’s biggest shoe manufacturer and exporter, says it is diversifying its product portfolio to include protective wear as a way of increasing revenue streams. (more…)…

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February 14, 2019

Companies & Markets

Dairibord scales down scheme

DAIRIBORD Holdings (Dairibord) says it has scaled down its heifer import programme on the back of increasing costs. (more…)

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February 14, 2019

Companies & Markets

Nampak frets over $3m forex requirement

NAMPAK Zimbabwe (Nampak) says it needs at least $3 million in foreign currency per month to remain afloat, amid revelations its major shareholder has cut off currency allocations to the local unit. (more…)

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February 14, 2019

National Report

Homelink targets informal sector

HOMELINK is planning to tap into Zimbabwe’s growing informal sector through property developments in the sector this year. (more…)

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February 14, 2019

RBZ finally pays off RioZim

THE Reserve Bank of Zimbabwe (RBZ) says it has fully paid RioZim for deliveries made to its gold buying subsidiary. (more…)

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February 14, 2019

Zim commits to pay US$18m Ethiopian Airways debt

ETHIOPIAN Airways (EA), which has about $18 million locked in Zimbabwe on the back of remittance challenges being experienced by Harare, is set to receive Treasury priority in getting the funds processed out, a cabinet minister has said. (more…)

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February 12, 2019

National Report

Liquid lays out expansion strategy

FIBRE optic and cloud computing service provider Liquid Telecom (Liquid) plans to expand its network in Zimbabwe, as part of a strategy to increase its reach in Africa. (more…)

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February 10, 2019

Companies & Markets

PPC optimistic on Zimbabwe

PPC South Africa (PPC) says it remains optimistic of the prospects of its 70 percent-owned Zimbabwean unit, despite deteriorating economic fundamentals characterised by low disposable incomes and inflationary pressures. (more…)

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February 10, 2019

Saturday, 16 February 2019

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