AGP Executive Report
Last update: 4 hours agoBusiness Finance: ZNCC says limited access to funding remains the biggest barrier to business expansion, urging lenders to prioritise productive sectors, machinery upgrades, exports and jobs. Gold Mining: Caledonia’s third-quarter revenue rose 10.5% to US$78.9 million as higher gold prices offset an 11% drop in Blanket Mine output. Extra compressors and processing capacity are in place, with improved production expected in the fourth quarter. Energy Exploration: Invictus Energy has started rigging up at Musuma and expects to begin drilling in the coming weeks, backed by a newly gazetted production-sharing agreement. Mining Policy: Diamond producers want royalties cut from 5% to 2% as prices slump. Separately, a planned mining-law overhaul faces scrutiny over pollution and community damage near Shurugwi. Agriculture and Manufacturing: Government is expanding farm mechanisation as the sector’s annual survey gets under way. Dairibord’s revenue rose 26%, Simbisa’s climbed 20% and African Distillers’ increased 40%, reflecting stronger sales across food and beverage businesses.
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