Business Writer

STANBIC Bank (Stanbic) has temporary closed its Victoria Falls and Hwange branches as part of preventive measures against the spread of the Covid-19 global pandemic.

DAIRIBORD Holdings (Dairibord) says it has put in place risk mitigation measures to ensure consistent supply of products in response to the coronavirus pandemic (Covid-19) outbreak.

ZIMBABWE Stock Exchange-listed wine and spirit maker African Distillers (Afdis) says business outlook for the company remains bleak as hyperinflation, poor agricultural season and the continued foreign currency shortages impact negatively…

NATIONAL Foods has said anticipated reduced yields for the 2019/20 agricultural season will result in the company continuing to import significant quantities of raw materials.

ENERGY minister Fortune Chasi says government is planning to increase petrol-ethanol blending from the current 10 percent to 20 percent by 2025 to cut import expenses.

TRANSPORT minister Joel Matiza says the government is upgrading the country’s air traffic communication systems and equipment in line with technological advancements.

BRITISH financial institution Standard Chartered Bank (StanChart) says it is committed to invest in the future of Zimbabwe.

EMIRATES Airways has suspended flights between Harare-Lusaka-Dubai for the period March 20, 2020 to May 20, 2020, owing to the current challenging global environment.

AFRICAN Economic Development Strategies (AEDS) has urged government to adopt for a dual currency — where the Zimbabwean dollar and the US dollar are used as the main currency.

LAFARGE Cement Zimbabwe (Lafarge) yesterday unveiled a US$2,2 million dry mortar mix products plant, which is part of the group’s US$25 million phased projects.

ZIMBABWE recorded over $500 million budget deficit in the 11 months to November 2019, official figures show. The latest development is in sharp contrast to Finance minister Mthuli Ncube, pictured ’s assertion that the country registered a…

THE International Monetary Fund (IMF) says Zimbabwe’s target to reduce annual inflation to 50 percent by the end of the year from 500 percent in December 2019 is achievable.

THE government should adopt and put emphasis on pro-business reforms to enhance export earners’ capacity to earn foreign currency and capacitate industry in order to reduce the need for imports and improve foreign currency inflows…

THE Zimbabwe Stock Exchange (ZSE) will recover this year as valuation mismatches on stocks brought by the de-dollarisation of the economy are corrected, a latest report has said.

OLD Mutual Zimbabwe Limited has partnered with Easy Power Limited to install a ground-mounted solar system at its Mutual Gardens which will be commissioned in August, this year.

ZIMBABWE will remain in recession averaging real Gross Domestic Product (GDP) of -1,2 percent over the next three years, a regional think tank has said.

GETBUCKS says it is geared to grow its customer base despite the current harsh economic environment being experienced in the country.

STANDARD Bank of South Africa Limited has issued its first ever green bond, via private placement with IFC, a development finance institution focused on the private sector, part of the World Bank Group.

TONGAAT Hulett Zimbabwe (Tongaat) says it continues to face logistical challenges in the supply of imported critical inputs, spares and services, emanating from shortages of foreign currency in formal banking channels.

ZIMBABWE Platinum Mines (Zimplats) says it improved its mined tonnage by nine percent to 3,6 million tonnes for the six months ended December 31, as a result of improved fleet productivity and additional tonnes milled at the Mupani Mine,…

THE Zimbabwe Stock Exchange (ZSE) has launched a training institute to deliver special skills to market participants.

A SEVEN-member delegation of executive directors from the African Development Bank (AfDB) has met President Emmerson Mnangagwa to appreciate progress in ongoing political and economic reforms, according to a statement released on Wednesday.

Gold prices rose to a seven year high on Monday, extending the previous session’s gains as coronavirus infections and deaths climb, causing a break above a key $1,315 an ounce technical level fuelled buying.

SUGAR producer, Tongaat Hulett Limited, says local sales of sugar at its unit, Hippo Valley Estates were significantly impacted by low consumer disposable incomes which continue to lose value due to high inflation.

GOVERNMENT’S unpredictability of economic policies, foreign currency allocation and the unstable political and economic climate will continue to undermine foreign investment, analysts have said.