Zimbabwe exported horticultural products worth $83 million in 2016, down from $96 million the previous year, according to the trade promotion agency, Zimtrade.
Zimbabwe’s electricity generation dropped to 842 megawatts (MW) on today, just over half of peak demand, after output at Hwange Thermal Power Station dropped to under a third of capacity, which the Zimbabwe Power Company blamed on poor coal supplies.
Zimbabwe is still investigating the case of the missing diamonds worth an estimated at $15 billion but this might take a long time because the exercise is being done by the Auditor-general’s office.
Caledonia Mining Corporation says it will seek shareholder approval to consolidate the share capital of the company to facilitate the listing of its shares on the New York Stock Exchange (NYSE MKT).
Brickmaker Willdale’s shareholders have approved the company’s proposal to dispose of 190.1 hectares of its land for $4.75 million, which will be used to settle part of the company’s debt obligations.
The Zimbabwe central bank’s credit reference bureau, which started operating in January, now has 85 percent of information on total loans extended by the banking sector.