INDUSTRIALS & ENERGY

Zed Koudounaris is buying more Innscor stock

Prominent businessman Zed Koudounaris has once again increased his stake in Innscor Africa Limited, Zimbabwe's largest food producer, purchasing shares worth US$256,143 in a move echoing a similar acq...

By Staff reporter | Published: 02 July 2025

INDUSTRIALS & ENERGY

Nestlé Zimbabwe ramps up CEREVITA production

Nestlé Zimbabwe has significantly increased the local production of its popular flagship breakfast cereal, CEREVITA, in response to a sharp rise in consumer demand across the country and the wider so...

By Staff reporter | Published: 02 July 2025

TELECOMS & TECHNOLOGY

MTN struggling in South Africa

South Africa is one of MTN's four biggest markets and service revenue growth remains stagnant in the single digits, says Sanlam Investments portfolio manager Roy Mutooni.Mutooni said that although the...

By Staff reporter | Published: 02 July 2025

BUSINESS NEWS

Zimbabwe strike investment, trade deals at Afreximbank meeting

Zimbabwean business leaders and economic policy figures who attended the recent African Export-Import Bank (Afreximbank) Annual Meetings in Abuja, Nigeria, say the event yielded significant benefits i...

By Staff reporter | Published: 02 July 2025

TRANSPORT & TOURISM

Zimbabwe Tourism Authority in hunt for new CEO

The Zimbabwe Tourism Authority (ZTA) has officially begun the hunt for a new substantive Chief Executive Officer, a strategic leadership role expected to shape and deliver Zimbabwe's vision of becomin...

By Staff reporter | Published: 02 July 2025

TELECOMS & TECHNOLOGY

Vodacom, MTN warned about fighting Starlink

South African mobile network operators are only delaying the inevitable by resisting the local entry of low-earth orbit (LEO) satellite services like SpaceX's Starlink.Continuing to do so could also p...

By Staff reporter | Published: 02 July 2025

CONSTRUCTION & PROPERTY

First Mutual Holdings suffers US$27 million loss

Financial services group First Mutual Holdings Limited (FMHL) has reported a significant after-tax loss of US$27.11 million for the financial year ended December 31, 2024, reversing the previous year'...

By Staff reporter | Published: 02 July 2025

TELECOMS & TECHNOLOGY

TelOne suffers liquidity crunch

State-owned telecommunications giant TelOne Private Limited is facing a serious liquidity crisis amid revelations that the government owes the company US$19.2 million for voice and data services ren...

By Staff reporter | Published: 02 July 2025

MINING & RETAIL

Worker dies in accident at ferochrome site in Kwekwe

A front-end loader operator employed by Tai Hao International Resources (Pvt) Ltd tragically lost his life on Friday while working at the Zimasco (Pvt) Ltd ferrochrome processing site in Kwekwe, Midla...

By Staff reporter | Published: 02 July 2025

TRANSPORT & TOURISM

Fishers want Zimparks to extend fishing depth reprieve

Kapenta fishing operators on Lake Kariba have called on the Zimbabwe Parks and Wildlife Management Authority (ZimParks) to extend the reprieve allowing them to fish at a reduced minimum depth of 17 me...

By Staff reporter | Published: 02 July 2025

TELECOMS & TECHNOLOGY

Potraz certifies 700 data protection officers

In a parallel development focused on digital regulation, the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has announced that over 700 data protection officers (DPOs) have be...

By Staff reporter | Published: 01 July 2025

INDUSTRIALS & ENERGY

Zimplow registers US$12,07m revenue in first 5 months

Diversified industrial giant Zimplow Holdings Limited has recorded a 10% increase in revenue to US$12.07 million for the first five months of 2025, as it intensifies efforts to return to profitability...

By Staff reporter | Published: 01 July 2025

FINANCIAL SERVICES

Stanbic Bank Zimbabwe, MSU unveils scholarship programme

Stanbic Bank Zimbabwe and Midlands State University (MSU) have formalised a landmark partnership through the launch of an undergraduate scholarship programme aimed at increasing access to higher educa...

By Staff reporter | Published: 01 July 2025

MINING & RETAIL

Fidelity Gold launches elite enforcement unit

Fidelity Gold Refinery (Private) Limited has launched a dedicated Gold Trade Enforcement Unit (GTEU), a landmark development aimed at clamping down on illegal gold trading, smuggling, and value chain ...

By Staff reporter | Published: 01 July 2025

LANDS & AGRICULTURE

Zimbabwean farmers embrace AI

The Food and Agriculture Organization of the United Nations (FAO) is advancing agrifood systems through integration of effective digital technologies in Zimbabwe. Through the Fostering Digital Village...

By Staff reporter | Published: 01 July 2025

LANDS & AGRICULTURE

Zimbabwe's agric producer prices surge 36.4%

Zimbabwe's agricultural producer prices spiked sharply in May 2025, with the Zimbabwe National Statistics Agency (ZimStat) reporting a 36.4% year-on-year (YoY) increase in the Producer Price Index for...

By Staff reporter | Published: 01 July 2025

MINING & RETAIL

Mimosa Mine mulls US$100m shaft expansion

Mimosa Mining Company has unveiled plans to invest US$100 million into the development of a new mining shaft at its operations in Zvishavane, in a move aimed at extending the mine's lifespan to 22 yea...

By Staff reporter | Published: 30 June 2025

MINING & RETAIL

OK Zimbabwe earmarks 50% of capital raise to clear debts

Retail giant OK Zimbabwe Limited has announced plans to allocate more than half of the proceeds from its planned US$30.5 million capital raise - through a rights issue and property disposals - toward ...

By Staff reporter | Published: 30 June 2025

FINANCIAL SERVICES

ZB Bank secures US$5 million Afreximbank facility

ZB Bank Limited has secured a US$5 million loan facility from the African Export-Import Bank (Afreximbank), aimed at supporting small and medium enterprises (SMEs) in Zimbabwe, particularly those enga...

By Staff reporter | Published: 30 June 2025

MINING & RETAIL

US$1m for strategic minerals licence in Zimbabwe

Zimbabwe has gazetted a sweeping new Mines and Minerals Bill that seeks to clamp down on speculative mining claim hoarding while ensuring only credible investors participate in the extraction of strat...

By Staff reporter | Published: 29 June 2025

INDUSTRIALS & ENERGY

Zesa rebundling begins

Mutapa Investment Fund (MIF) has initiated the process of rebundling ZESA Holdings, aiming to streamline operations, enhance efficiency, and reduce costs within Zimbabwe's struggling electricity secto...

By Staff reporter | Published: 29 June 2025

MINING & RETAIL

Herbert Nkala to exit OK Zimbabwe in restructuring move

OK Zimbabwe has announced a major leadership reshuffle and a US$30.5 million capital-raising initiative aimed at stabilising operations and restoring market confidence, as the retail giant battles int...

By Staff reporter | Published: 29 June 2025

LANDS & AGRICULTURE

Climate change takes toll on tomato farmers

For decades, villagers in Madzivazvido, Gokwe North, have relied on tomato farming to sustain their families and communities. But climate change is rapidly eroding this once-reliable livelihood, as so...

By Staff reporter | Published: 29 June 2025

CONSTRUCTION & PROPERTY

Swallowfield Estates dispute reignited by EIA certificate

The long-running legal wrangle over ownership and development rights at Swallowfield Estates in Norton has taken a fresh twist following the issuance of an Environmental Impact Assessment (EIA) certif...

By Staff reporter | Published: 29 June 2025

INDUSTRIALS & ENERGY

Zimbabwe suspends excise duty on raw wine imports

In a move aimed at boosting the local wine industry, the Zimbabwean government has suspended excise duty on imported raw wine for approved manufacturers. The measure, announced through Statutory Instr...

By Staff reporter | Published: 28 June 2025
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