Author: Remzy

Poultry industry in steady growth

Business Writer The poultry industry has seen a steady growth recently with Zimbabweans turning to chicken which has become relatively cheaper than most meat products. Stocks of growing and in-production broiler breeder birds averaged 877,921 in the third quarter of 2021 growing 8% compared to the second quarter, becoming the highest quarterly average achieved to date, according to the Zimbabwe […]

Cautious optimism for growth in 2022

Christopher Mahove Although the Business Confidence Index (BCI) stood at 8.6, in 2021, the low confidence can be improved for the better in 2022 depending on the future path of the corona virus pandemic and fiscal discipline by monetary authorities considering the impending election campaign period. Zimbabwe is expected to hold by-elections in the first […]

China’s Zhejiang Huayou to acquire Arcadia Lithium for US$422mln

Itai Ndongwe HARARE – ASX-listed Prospect Resources has signed a USD $378 million binding agreement to sell its interest in the Arcadia Lithium Project to new energy lithium-ion battery material producer, Zhejiang Huayou. Huayou, the world’s largest cobalt producer, has agreed to purchase PMPL’s 87% investment in PLZ, as well as the associated intercompany loan, […]

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