Zimbabwe’s mineral exports increased 27 percent to $852.6 million in the period January to May 12, up from $668.5 million during the same period last year on the back of increased output and firming international prices, a central bank official said on Friday.
Mines minister Walter Chidhakwa today apologised to platinum miners for announcing a $200 million refinery deal with Australia’s Kelltech Ltd without consulting them, reflecting the industry’s unease at government’s latest move that undercuts its efforts to build local processing facilities.
Zimbabwe’s banks have welcomed a new law that allows people to use cows, chickens and goats as collateral because it gives them security that they did not have before, Finance Minister Patrick Chinamasa said.
Crocodile farming company Padenga Holdings shareholders yesterday approved a plan to set up a share option scheme for its employees and grant options to its management, which will give the two groups an equivalent of 15 percent of the company’s issued share capital.
Cable manufacturer CAFCA has reported a 41 percent increase in profit before tax to $327 000 for the six months to March, largely as a result of reducing costs and savings on interest from borrowings.
Zimbabwe’s President Robert Mugabe today officially launched the start of work on the dualisation of the Harare-Beitbridge highway for $984 million.