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Milk output up 9% in first 11 months of 2023

By ETimes Zimbabwe’s milk production rose 9% to 90.31 million litres during the 11 months to November 2023 from 83.06 million litres in the comparative period, latest data shows. Statistics…

Changes in Tongaat Hulett Botswana will not affect our shareholding – Starafrica

By ETimes Starafrica Corporation Limited says ‘do not see the changes’ in Tongaat Hulett Botswana (THB) affecting its shareholding. This comes as Tongaat Hulett is poised to sell its investments…

FinMin commits US$500K towards coffee bean processing

By ETimes Zimbabwe will allocate US$500,000 towards the setting up of a coffee bean facility in Manicaland so as to earn more foreign currency from the product, an official said.…

ANALYSIS| Subdued Consumer Demand As Meikles PAT Falls 15% to ZWL$9.6 billion in HY23

By ETimes Financial Performance Highlights Commentary and Analysis  The performance suggests the challenging operating environment had an adverse effect on the group’s performance. Moderate improvement in gross profit margins was…

Elnino Threat: Over 20 million people will need food aid in Southern Africa

By ETimes At least 20 million people will require food assistance in southern Africa between January and March next year owing to El Nino’s adverse effects, the Famine Early Warning…

NatFoods generator power consumed 712K litres of diesel in FY23

…mulls 2MW solar project By ETimes National Foods diesel for generator consumption increased by 582 930 litres to 712 851 litres in FY2023 from 129,921 litres in FY2022, owing to…

Milk output up 8% in first 9 months

By ETimes HARARE – Milk production in Zimbabwe during the first 9 months of 2023 totalled 71,91 million litres, up 8% from the same month period last year, official data…

ANALYSIS| Dairibord Sees ZWL$4.6bln Loss in HY23 as Economic Turbulence Weighs

By ETimes Financial Performance Highlights  Analysis and Commentary     Its a set of financial results that raises some immediate concerns for the group. It is evident from the decline in the profit…

Hippo decries informal traders, forecasts higher borrowings

By ETimes HARARE – Hippo Valley Estates sugar production for the 5 months to August 2023 declined by 9% 66,319 tonnes from 72,058 tonnes in the comparative period last year,…

BAT hurt by high exchange losses posts $5.1bn loss before tax in H1

By ETimes HARARE – BAT Zimbabwe, a listed cigarette manufacturer, has recorded an inflation adjusted revenue of $71,56 for the half year ended 30 June 2023. The figure represents an…