Lafarge Cement’s loss position nearly doubled from $1.3 million to $2.2 million in the six months to June on soft demand as competition in the cement sector increased, the company said yesterday.
Zimre Holdings has posted a 63 percent growth in operating profit to $2.5 million driven by positive performance in reinsurance and general insurance units.
Chloride Zimbabwe, a subsidiary of Amalgamated Regional Trading (ART) Corporation, says its production capacity has increased by 50 percent following the installation of a new battery making plant.
Zimbabwe’s highest court has cleared the way for bond notes to be introduced next month after throwing out former Vice-President Joice Mujuru’s case challenging the introduction of the notes which the government says are meant to ease the current cash shortage in the country.
The disarray in the Zimbabwe African National Union-Patriotic Front following its sacking of rebels, including former Vice-President Joice Mujuru, in 2014 could be a game-changer and the road to the 2018 elections could be very bumpy.
The insistence by the government that it will introduce bond notes next month is the major cause why Zimbabweans are protesting against their 92-year-old leader President Robert Mugabe, an African think-tank says.