News

Changes in the macro-economic policy on interest and exchange rates announced in February have brought hope to the battered economy says Zimnat Lion Insurance in its report for the year…

The food security situation in Mashonaland continued to improve while that in Matebeleland and parts of Midlands and Masvingo, which had already experienced three consecutive years of poor harvests, was…

Zimbabwe scraped through the first half of 2003 facing a new and unprecedented crisis- the shortage of local currency. The country has experienced shortages of various commodities before, the major…

Dairibord Zimbabwe still managed to increase its sales by 171 percent despite a drop in milk supplies of 13.25 percent and price controls that affected most of its products. The…

Rio Tinto's gold production dropped by almost half from 2 097 kgs in 2001 to 1 182 kgs last year and it looks the trend has not changed. The company…

A $210 million investment into Interfresh in 2001 is beginning to pay off. The company made a net profit of $1.6 billion last year an increase of 839 percent from…

It is now official. While the local and international media are debating Zimbabwean president Robert Mugabe's retirement and succession, his party, ZANU-PF, is already gearing itself for the 2005 Parliamentary…

Foreign exchange remains the single most important factor hobbling the performance of the economy. Concessions should therefore be made and consensus on the way forward should be forged if the…

It's a tale of woes. Volumes down by 10 percent. Supplies of raw materials reduced by 60 percent. But food companies usually thrive during droughts. Despite price controls on most…

The hyperinflationary conditions in Zimbabwe which have boosted consumer spending saw retail chain Edgars increase sales by 194 percent and net profit by 324 percent during the year ended January…