AgriFoods Sales Volumes Up 18 Percent

DT Correspondent Agrifoods says its sales volumes for the first quarter ended December 31, 2023, grew by 18 percent to 9 832 tonnes from 8 313 tonnes sold in prior year on account of improved product availability. The company said significant achievement in a difficult operating environment was due to improved strategic agreements with suppliers […]

ART to Dispose Underutilised Mutare Land

DT Correspondent HARARE: ZSE-listed stationery and battery manufacturer, Amalgamated Regional Trading Corporation (ART) says the company’s plans to dispose of underutilised land in Mutare are ongoing. In a trading update for first quarter to December 31, 2023, ART chief executive Milton Macheka, says the group will continue its drive to reduce short term borrowings whilst […]

Major Shake-up at African Sun

DT Correspondent Zimbabwe’s leading hotel asset management company, African Sun has announced the departure of its current Chief Executive Officer Peter Saungweme, who stepped down from his position last Friday, after barely two years at the helm. The Victoria Falls Stock Exchange listed firm has appointed Lawrence (“Laurie”) Ward as the Acting Chief Executive Officer […]

PLZ Achieves Nearly 300,000 Tonnes of Lithium Concentrate Production in 2023

Mining Correspondent Prospect Lithium Zimbabwe (PLZ), the owner of the Arcadia lithium mine in Goromonzi announced that it produced approximately 280,000 tonnes of lithium concentrate in 2023. The company is now planning to double its production for the year 2024 despite facing challenges due to the softening commodity prices affecting its plans. Henry Zhu, the […]

Karo Mining Achieves Over 1 Million Fatality-Free Hours in Platinum Project

DT Correspondent Karo Mining Holdings, a platinum group metals (PGM) producer listed on the Victoria Falls Stock Exchange announced that its mining operations have reached a significant milestone by operating for over 1 million hours without a fatality. The achievement showcases the company’s commitment to prioritising the safety and well-being of its employees. In its […]

Gunda Appointed GB Holdings Acting MD

DT Correspondent HARARE: LISTED rubber and chemicals manufacturer, General Beltings Holdings (GB) has appointed Joseph Gunda as the new acting managing director with effect from January 1, 2024. Gunda replaces Wilbroad Tsuroh, who retired in December 2023, after having served the company sterlingly for two decades. In a notice this Monday, the board chairman Godfrey […]

First Pack Discount Festival Draws Massive Crowd as Customers Enjoy Back-to-School Savings

DT Correspondent Harare:  First Pack, a leading provider of stationery, textbooks, sports equipment, and ICT products celebrated the successful conclusion of its discount festival promotion with a grand event on Saturday. The festival, aimed at providing valued customers with back-to-school savings and exciting promotions, attracted a large crowd and featured a range of activities for […]

US$1 Billion Green Cement Plant Planned for Zimbabwe

The project aims to address climate change concerns while meeting the growing demand for cement and building materials in the country and the construction of the plant is expected to be completed within two years.