Agriculture

Zimbabwe

Tobacco Exports Reach All Time High of US$1.3 Billion in 2024

Zimbabwe's tobacco export earnings reached an unprecedented $1.3 billion in 2024, marking the second consecutive year the industry has surpassed the $1 billion milestone. This achievement builds on t

Jan 30, 2025
Zimbabwe
Trade Deficit Surges Over Threefold to $196.9 Million

Zimbabwe's trade deficit has surged significantly to US$196 million, representing a 318.2% increase from $46.9 million in November 2024, which was the lowest deficit since November 2021. Gold exports

 Jan 29, 2025
Zimbabwe
Sweetened Opportunities: African Sugar Producers Gear Up Amid Global Supply Shortage

According to Statista, India leads global sugar consumption, followed closely by the European Union and China. By 2024/2025, global sugar consumption is projected to reach 182 million metric tons. Bra

 Oct 30, 2024
Zimbabwe
A Sweet Spot: Zimbabwe's Sugar Sector Eyes Global Markets

"Post forecasts that sugar cane production will increase by 1% to 3.5 million metric tons (MT) in marketing year 2023/24, while sugar production is expected to rise by 3% to 410,000 MT," the report st

 May 14, 2024
Zimbabwe
Cottco Holdings: Navigating Change and Pursuing a Path to Revival

Mutapa Investment Fund's acquisition of a 37.1% stake in Cottco reflects a strategic decision by the government to transfer its shareholding from the Ministry of Finance and Economic Development. This

 Feb 08, 2024
Zimbabwe
TSL Limited's FY 2023 Performance Reflects Resilience Amid Challenging Economic Environment

TSL Limited operates in key sectors such as agriculture, mining, energy, pharmaceuticals, and trade, playing a crucial role in the movement and exchange of commodities. The company's diversified portf

 Jan 31, 2024
Zimbabwe
Zimbabwe's Ariston Holdings Weathers Challenges, Reports Growth in Tea and Macadamia Sales

The trading update highlighted the unfavorable climate conditions in the first quarter, with below-average rainfall and extremely hot weather impacting agricultural operations. However, the weather im

 Jan 29, 2024
Omnia Zimbabwe Challenges Tax Assessment on Foreign Currency Transactions

In a recent development, Omnia Zimbabwe, a prominent player in the chemicals industry, has contested an income tax assessment received from the Zimbabwean Revenue Authority (ZIMRA) on April 28, 2023.

Nov 21, 2023
Tongaat creditors vote in favour of extension of rescue plan update

Tongaat Hulett’s Botswana, Mozambique and Zimbabwe sugar operations are not financially distressed and therefore continue trading in the ordinary course. These three businesses are funded independentl

Sep 13, 2023
Tongaat Hulett gets lifeline to keep operating

Tongaat Hulett, the embattled South African sugar producer under business rescue, announced this week that it had secured an extension of its post-commencement finance facility from its funders until

Jul 05, 2023
A Tale of Financial Woes: Seed Co’s FY Profit More than Halve

Agricultural concern outfit, Seed Co International Limited, a leading certified seed company involved in the breeding, multiplication, and distribution of mainly hybrid seed varieties, recorded a sign

Jul 04, 2023

NRZ in Lucrative Deal?

Rail India Technical and Economic Service (RITES) recorded a 2% jump in its share price on the National Stock Exchange of India Limited (NSE) on the 16th of June, 2023, after signing an US$81.2 millio

Jun 16, 2023

Sweet Entry into the Chinese Market: Zimbabwean Citrus Farmers Find Solace

China consumed over 54 million tonnes of citrus fruits in 2021, accounting for about 34% of total citrus consumption globally. The sheer size of the Chinese market signals a huge export potential for

Jun 05, 2023