This offsets declines at Mimosa and Zimplats which fell due to a semi-finished inventory release last year.

The main drivers of inflation in Zimbabwe have been money supply growth, the parallel market premium as well as energy and fuel price developments.

Zimplats said a total of US$44,1 million was spent on the upgrade of the Mupani Mine project during the year, bringing the project expenditure to date to US$190,7 million.

Government has all along been setting producer prices for commodities, which has left many farmers vulnerable.

Manungo also noted that women needed to avoid being seen as beneficiaries of patronage or sympathy and avoid misrepresentation to win tenders.

The long-term benefits are expected to be competitive local milk prices, import substitution for milk powders and opportunities for export growth.

A CSD August update shows that individual accounts stood at 20 579 while unclaimed shares stood at 16 305.

NBS chairperson Shingai Mutumbwa said the lender was monitoring market reaction to the bold move through its loan book.

ZIMBABWE Stock Exchange (ZSE)-listed rubber and chemicals manufacturer, General Beltings, says it is poised to meet increased demand in the fourth quarter.

Ganediwal said the company would target Zambia, Malawi and other neighbouring countries for exports in the short term.

The project will be implemented by JICA engineers in collaboration with engineers from the Transport and Infrastructural Development ministry.

This comes as preliminary findings on governance offsite inspection conducted by the regulator revealed that some have become perennial trustees.

Chiduwa said most banks were blaming high bank charges on imported systems.