Innscor Africa is positioned to navigate challenges presented by the uncertain global economic outlook and complexities in the local environment due to its diversified product offering. The group, in its half-year financials for the period to December 31, 2023, said given that the business operated in the consumer staples sector, demand was largely sustainable even…
The price of bread in Zimbabwe has increased recently, and bakers are attributing it to taxes mentioned in the 2024 National Budget by Finance Minister Mthuli Ncube. Bakers used to sell bread for around US$0.90 but have now raised the price to US$1. As a result, retailers and tuckshops have also increased their prices from…
The cost of meat in Zimbabwe has increased due to the introduction of a new 15% Value Added Tax (VAT) implemented through the 2024 National Budget by Finance Minister Mthuli Ncube. According to a statement from Texas Chicken, a subsidiary of Associated Meat Packers that specializes in chicken, their chicken prices have remained the same,…
Innscor Africa reported volume growth across all core manufacturing business units in the third quarter ended March 31, 2022 despite challenges presented by resurgent inflationary pressures in the economy. The company is also into agribusiness to ensure reliable supply of raw materials to its factories. It is involved in contract wheat farming. However, the slow…
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