Archive | Business

Mineral exports up 12%

MINERAL exports revenue jumped 12% to US$372,5 million in the first quarter of the year (Q1) compared to US$332,4 million in the same period in 2017 driven by increased tonnage […]

‘Forex backlog hits US$600m’

The Confederation of Zimbabwe Industries (CZI) says the foreign currency backlog for the industry in the last seven months from September last year to March 2018 is now at US$600 […]

Dodgy US$1m bank deposit under probe

The Reserve Bank of Zimbabwe (RBZ) has frozen a US$1 million deposit held by a local bank amid suspicions it could be proceeds from an illegal gold deal involving 27 […]

Cooking oil producers to cut import bill

Cooking oil producers are looking at reducing their import bill by 30% from the current US$300 million annually through imports substitution, businessdigest has learnt. (more…)

Turnall seals US$29m deal

Turnall Holdings Ltd has successfully concluded payment arrangements with key creditors it owed US$29 million in a crucial deal that will go a long way in restructuring the company’s capital […]

Blue Ribbon Foods to commission plant

BLUE Ribbon Foods (BRI), a subsidiary of Tanzania’s Bakhresa Group, is set to commission its new US$5 million plant in August this year, businessdigest has learnt. (more…)

Emcoz blasts externalisation list

EMPLOYERS have castigated the release of a list of companies and individuals accused of illegally externalising money by government last week, describing it as a mockery of the fight against […]

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