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British American Tobacco sees decline in volumes, but revenue surges

By ETimes In their full-year results announcement for the period ending December 2023, British American Tobacco (BAT) reported a 5% decline in total volume, marking a shift from 1,054 million…

CFI revenue surge more than eightfold in first 5 months

By Stephen Chandisareva HARARE – CFI Holdings, a diversified group, said on Thursday that its historical turnover for the 5 months to February 2024 rose more than eightfold to $286.5…

Milk output up 21% in first two months despite serious drought

By Stephen Chandisareva HARARE – Milk production in Zimbabwe surged by 21% in the first two months of 2024, latest figures show. This comes as players in the dairy industry…

NatFoods initiates substantial import program for raw maize

HARARE – National Foods Holdings has initiated an importation program for maize to cover the expected deficit owing to the EL Nino-induced drought. The company requires 200 000 tonnes of maize…

TSL: Navigating Currency Shifts and Agricultural Challenges

By ETimes HARARE – In the realm of Zimbabwe’s dynamic business landscape, TSL Group emerged as a key player in the first quarter ended 31 January 2024, showcasing adaptability in…

Tobacco sales hit US$12.92 mln in 3 days

By Stephen Chandisareva HARARE – At least 4.14 million kilograms of tobacco worth US$12.92 million have been sold so far at auction and contract floors in the country since the…

Zimbabwe sells first tobacco bale for $4.92 per Kilo

By Stephen Chandisareva HARARE – Zimbabwe’s tobacco industry has started off the 2024 marketing season on a positive note, with the first bale fetching an impressive US$4.92 per kilogram. This…

Milk output up 17% in January

By ETimes HARARE – Zimbabwe’s milk output rose 17% to 9.52 million litres in the first month of 2024 from 8.14 million litres in the comparative period, the latest figures…

Tanganda announces further regional expansion as revenue shrinks

By ETimes HARARE – Tanganda Tea Company has increased efforts to generate income through regional expansion after witnessing a drop in topline for the first quarter ended 31 December 2023.…

Hippo’s Oct-Dec sugar output drops 6% y/y

…says there are high stocks of imported sugar in the market By ETimes HARARE – Hippo Valley Estates produced 194 684 tonnes of sugar for the third quarter ended 31…