Stock brokers critical for C-Trade

Enacy Mapakame C-Trade will not dilute the role of stock brokers as they will remain relevant in the workings of the local capital market, Securities and Exchange Commission of Zimbabwe (SECZ) chief executive Tafadzwa Chinamo has said. C-Trade is a platform that enables investors, both local and foreign to purchase …

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New player penetrates energy sector

Bulls Power Fuels, a new entrant in Zimbabwe’s energy industry, says it is targeting 200 000kg of liquid petroleum gas (LPG) within the next 36 months as it looks to grow market share through its subsidiary, Bulls Gas. BY KUDZAI MUCHENJEKWA Businessman Shingi Munyeza (left) officially opens the Bullsgas LP …

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OK opens new outlet

Herald Reporter Zimbabwe Stock Exchange listed entity OK Zimbabwe Limited opened a new outlet in Harare’s Glen View suburb last week as the grocery retailer continues to consolidate its market share in the retail space. The new store becomes the retailer’s 49th OK Store and brings the Group’s total outlets …

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Dairibord net profit up 131pc

Enacy Mapakame Business Reporter Dairibord Zimbabwe Holdings overturned a loss position with 131 percent in net profit to $269 844 during the half year to June 30, 2018 from a loss of $846 588 in the same period last year on volumes growth and restructuring. Its regional subsidiary, Dairibord Malawi …

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Greece bailout exit still faces challenges

ATHENS. — Greece exits the last of its three bailouts today and hopes to be able to borrow again in international markets after a nearly nine-year debt crisis that shrank the economy by a quarter and forced it to implement painful austerity measures. The crisis has proven deeply traumatic for …

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Address climate shocks: Experts

Business Reporter There is a need to address recurring climatic shocks and unpredictable weather patterns that are negatively affecting agriculture and food production, agriculture experts have said. The call was made by Catholic Agency for Overseas Development (CAFOD) country director Ms Verity Johnson at a conference on climate change which …

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Organic fertiliser firm eyes 30k tonnes

Enacy Mapakame Business Reporter Organic fertiliser manufacturing company, Agriman Fertiliser Zimbabwe is targeting an annual production of 30 000 tonnes when it commissions its Mutare plant later this year. Acting chief executive officer Liberty Mtetwa said production lines at the Mutare plant should be active by December 2018, and targets …

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Zim targets $200m in flower exports

Business Reporter Zimbabwe is looking forward to develop about 1 000 hectares of cut flower plantations – mostly roses – in the next five years as it seeks to boost foreign currency inflows. In 2002, Zimbabwe exported cut flowers worth $60 million, according to ZimTrade, making it the second largest …

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