News

Delta Corporation’s sorghum beer, Chibuku Super now contributes 50 percent of volumes sold by the Zimbabwe Stock Exchange-listed heavyweight, which reported a five percent decline in revenue for the quarter ending March as demand for beverages continues to fall on the back of an underperforming economy.

(295 VIEWS)

Zimbabwe remains an attractive investment destination for long-term investors with a focus on sub-Saharan Africa despite its mounting economic woes, according to a local advisory firm.

(401 VIEWS)

The Constitutional Court today threw out the case in which former Movement for Democratic Change- Tsvangirai Secretary-General Tendai Biti and 20 other legislators were challenging their expulsion from Parliament because it had no merit.

(578 VIEWS)

The Deposit Protection Corporation (DPC) has moved into the collapsed AfrAsia Bank after being granted a provisional liquidation order by the High Court and has started paying out $4.5 million to depositors whose funds were locked in the bank.

(340 VIEWS)

A team of German investors is next week expected in Zimbabwe to seek opportunities in the mining sector, as relations between Harare and Western states continue to improve after nearly two decades of the southern African state’s isolation over alleged rights abuses.

(367 VIEWS)

Diversified Bulawayo group, Treger Products, has reduced the number of working days to two weeks a month at subsidiary, Zimbabwe Grain Bag (ZGB,) as challenges affecting the textile industry continue unabated.

(414 VIEWS)

Zimbabwe has recorded a 12 percent growth in exports to $868.7 million in the first three months of the year compared to the same period last year driven by mineral shipments, latest central bank figures have shown.

(267 VIEWS)

Workers in the diamond sector are opposing the proposal by government to merge all diamond mining companies in the country claiming they were not consulted and that they have outstanding wage and labour issues that need to be resolved before the merger.

(342 VIEWS)