Business Writer

MESSINA Investments, an investment vehicle controlled by British born multimillionaire Nicholas van Hoogstraten, has revived its demand for the reversal of the disposal of large swathes of prime land by CFI Holdings five years ago.

AUSTRALIAN Stock-Exchange-listed lithium and battery minerals company, Prospect Resources says the outbreak of the Covid-19 pandemic had slowed down talks with the African Export-Import Bank (Afreximbank) to raise and manage a US$143…

PRESIDENT Emmerson Mnangagwa’s administration has been urged to involve citizens in the preparation of national budgets to ensure transparency and accountability.

ZIMBABWE should come up with new policies to ensure that the country is self-sufficient in the wake of the coronavirus pandemic, which has seen several countries shutting down their borders to control the virus, analysts have said.

THE African Union (AU) says it expects the continent to see a considerable decline in foreign direct investment (FDI) in 2020 and 2021 due to the Covid-19 pandemic.

ZIMBABWE’s mining output is expected to drop by 60 percent during the second quarter of 2020 compared to prior year due to the effects of coronavirus, the Chamber of Mines said.

COMPANIES are increasing levels of stocks or working to ensure consistent supply of products in the wake of coronavirus, which has threatened economic growth plans.

THE Zimbabwe Stock Exchange (ZSE) has shortened its trading hours as individuals and companies implement social distancing measures to mitigate the spread of the novel coronavirus.

SIMBISA Brands (Simbisa) recorded a profit of $108,29 million during the six months ended December 31, 2019 from $87,27 million in prior year after a bump in its revenues.

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.