Zimbabwe’s retailers have warned of possible food shortages as it becomes increasingly difficult for the country to process foreign payments to raw material suppliers outside country, with the backlog estimated at $180 million.
Atlas Mara’s Zimbabwe unit BancABC reported a massive jump in after tax profits to $3.2 million in the half year to June from $200 000 during the same period in 2016, on cost containment and growth in revenue.
Zimbabwe’s largest short-term insurer, Nicoz Diamond has reported a 4 percent increase in gross premium written to $23.8 million in the six months to June from $22.9 million in the comparable period last year, driven by growth in motor insurance business.
Movement for Democratic Change leader Morgan Tsvangirai, who now says he can work with Emmerson Mnangagwa, wanted to shut him out totally during the 2008 government of national unity talks preferring to team up with Joice Mujuru instead.
Zimbabwe chicken breeders will this month begin importing hatching eggs from Europe as the country moves to avert shortage of poultry products sparked by the avian influenza outbreak, an industry official has said.
In January, a photograph appeared in Zimbabwe’s media showing Vice President Emmerson Mnangagwa enjoying drinks with a friend.