Cafca sees 29% increase in Q1 revenue, bemoans policy changes
In its trading update for its first quarter ended December 31, 2024, Cafca said the period saw industry and commerce adjusting to various changes.
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Looking ahead: Will currency stability be guaranteed in 2025?
A larger economic base helps mitigate the downsides associated with wider budget deficits and the need to monetise the funding gap through expensive debt or simply printing currency.
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Risks associated with the Zim financial sector at the moment
There is also the problem of a compromised new currency, which has been made vulnerable through introducing it too fast, beyond what market participants can comprehend.
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Forex earnings to decline
The move, according to the RBZ, meant to enhance foreign exchange resources needed to settle national and international obligations that normally require foreign currency.
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Tobacco exports surge
According to TIMB, 91% of the registered growers are contracted.
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Feb. 21, 2024
ART reports 7% exports decline
At the Mutare Estates unit, timber volumes at 2 583 cubic metres increased by 16% from prior year as demand remained firm and sawmill efficiencies improved.
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Feb. 15, 2024
Cafca records 444% increase in income
Cafca saw a 455% increase in profit after tax to $4,9 billion, in line with the turnover increase.
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May. 15, 2023
BAT exports seen increasing
The company also noted that its pricing in real terms was markedly higher than competitor trade prices within the period.
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Apr. 26, 2023
Russia sets grain deal conditions, Putin suggests free grain for Africa
Ukraine, along with Turkey and the United Nations, had wanted to extend the deal for 120 days.
By Reuters
Mar. 20, 2023
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Interbank market in doldrums as...Big banks hold on to surplus cash
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By Tafadzwa Mhlanga and Blessed Ndlovu
Mar. 14, 2025
