BUSINESS NEWS

OK Zimbabwe posts US$17,8 million loss

Troubled retail giant OK Zimbabwe has reported a US$17.8 million loss for the half-year period ended September 30, 2025, as management intensifies efforts to raise capital and stabilise operations.Pre...

By Staff reporter | Published: 17 December 2025

BUSINESS NEWS

Zimbabwe rolls out drug test kits to police posts

The Government has rolled out a comprehensive national strategy to curb drug and substance abuse, including the distribution of testing kits to police posts, clinics, and hospitals - while abolishing...

By Staff reporter | Published: 11 October 2025

INDUSTRIALS & ENERGY

Tanganda Tea posts 65% revenue growth

Tanganda Tea Company Limited has recorded a 65% increase in revenue for the third quarter ended June 30, 2025, despite facing lower export volumes, adverse weather, and exchange rate volatility.Revenu...

By Staff reporter | Published: 16 September 2025

AFRICA NEWS

Ramaphosa posts explicit videos on X

President Cyril Ramaphosa's official X account (@CyrilRamaphosa) briefly published explicit videos on Friday during his oversight visit to the North West province, sparking a social media uproar and f...

By Staff reporter | Published: 13 September 2025

BUSINESS NEWS

ZB posts solid profit

Financial services group ZB Financial Holdings has reported a strong set of results for the half-year ended June 30, 2025, demonstrating resilience amid a challenging economic environment.The group's ...

By Staff reporter | Published: 03 September 2025

MINING & RETAIL

Manhize plant posts US$100m sales in first half

The Dinson Iron and Steel Company (Disco) in Manhize, Midlands Province, has raked in nearly US$100 million in steel sales during the first half of the year, marking a major milestone in Zimbabwe's e...

By Staff reporter | Published: 19 August 2025

TELECOMS & TECHNOLOGY

NetOne posts record growth

State-owned mobile network operator NetOne has delivered a historic performance, posting record revenue and profit growth while aggressively expanding its high-speed 4G and 5G networks in a bold push ...

By Staff reporter | Published: 09 August 2025

POLITICS

Chinamasa reposts deleted Tagwirei appointment tweet

ZANU PF Legal Affairs Secretary Patrick Chinamasa has reignited political debate after reposting a once-deleted tweet declaring businessman Kudakwashe Tagwirei's controversial appointment to the party...

By Staff reporter | Published: 05 August 2025

FINANCIAL SERVICES

Afreximbank posts strong net income of US$215 million

The African Export-Import Bank (Afreximbank) has reported a strong financial performance for the first quarter of 2025, demonstrating resilience and profitability amid global economic headwinds. The p...

By Staff reporter | Published: 22 May 2025

BUSINESS NEWS

Treasury posts ZiG3,46bn surplus in first 4 months

The Treasury has recorded a surplus of ZiG3.46 billion during the first four months of the 2025 fiscal year, driven by disciplined cost containment and punctual debt servicing.While this surplus falls...

By Staff reporter | Published: 19 May 2025

FINANCIAL SERVICES

ZB Financial Holdings posts ZiG261.94 million profit

ZB Financial Holdings (ZBFH) has posted a strong financial performance in the first quarter of 2025, recording a profit after tax of ZiG261.94 million, underpinned by effective cost containment strate...

By Staff reporter | Published: 15 May 2025

TELECOMS & TECHNOLOGY

Telecoms sector posts revenue growth

Zimbabwe's telecommunications sector registered growth in revenues for the quarter ending June 30, 2019, mainly on the back of upward tariff reviews as economic headwinds persisted. The sector, like a...

By Staff reporter | Published: 07 October 2019

FINANCIAL SERVICES

CBZ posts 300% jump in net profit

ZIMBABWE'S largest financial services group CBZ Holdings Limited recorded a 301% increase in profit-after-tax to ZWL$137,4 million in the six months ended June 30, 2019 from a comparative 2018 of ZWL$...

By Staff reporter | Published: 01 October 2019

BUSINESS NEWS

Chasi posts R139 million proof of payment to Eskom on Twitter

Zimbabwe's energy minister Fortune Chasi was on Tuesday forced to put the proof of the country's US$10m (R139m) payment to Eskom on his twitter account, after earlier claims of having paid was refuted...

By Staff reporter | Published: 02 July 2019

POLITICS

Chamisa's MDC allocates posts to ex-G40 cadres

FORMER members of the deposed Generation 40 (G40) faction have secured positions in the opposition MDC party's Harare provincial executive. G40 is a Zanu-PF faction that worked tirelessly to secure fo...

By Staff reporter | Published: 30 April 2019

FINANCIAL SERVICES

Stanchart posts 38% improvement in profit-after tax

STANDARD Chartered Bank Zimbabwe (Stanchart) has posted a 38% increase in profit-after-tax to US$18,36 million in the full year ended December 31, 2018, driven by the bank's digitisation strategy.The ...

By Staff reporter | Published: 26 April 2019

TELECOMS & TECHNOLOGY

Telecoms sector posts 9,2% profit

Zimbabwe's postal and telecommunications sector registered a 9,2 percent revenue growth in the third quarter to September, 2018 on the back on increased usage of data and internet. In its Postal Telec...

By Staff reporter | Published: 21 December 2018

BUSINESS NEWS

Micro-finance sector posts strong performance

THE microfinance credit-only sector has posted a strong financial performance for the first nine months of the year despite operating under a challenging environment, according to Zimbabwe Association...

By Staff reporter | Published: 26 November 2018

POLITICS

Top govt posts for Khupe?

Speculation is rife between the MDC led by Thokozani Khupe that its leader could be earmarked for a diplomatic posting in President Emmerson Mnangagwa's government. This follows claims on social media...

By Staff reporter | Published: 17 September 2018

FINANCIAL SERVICES

Agribank posts $2,9m profit

AGRIBANK has recorded a profit of $2,9 million in the first five months of the year to May 31, 2018, a move that thrusts the agriculture financing institution on a path to more profits by year end.The...

By Staff reporter | Published: 02 July 2018

POLITICS

Govt mulls 3 more border posts

GOVERNMENT is set to establish three new ports of entry along the Zimbabwe-Mozambique border to facilitate the smooth flow of goods and people between the two countries. The initiative is part of the ...

By Staff reporter | Published: 25 June 2018

POLITICS

'Ministers to apply for posts'

OPPOSITION Alliance for People's Agenda (APA) presidential candidate Nkosana Moyo has pledged a governance paradigm shift, where prospective Cabinet ministers would have to apply and be considered on ...

By Staff reporter | Published: 22 June 2018

TRANSPORT & TOURISM

RTG posts 16% revenue growth

RAINBOW Tourism Group Limited has posted a 16 percent growth in revenue to $11,1 million from $9,6 million in the first five months of 2018, spurred by notable recovery in operations following a succe...

By Staff reporter | Published: 19 June 2018

POLITICS

Zanu-PF bigwigs to miss out on ministerial posts

ZANU-PF is proposing that holders of senior party positions must not be appointed as ministers so that they can monitor the implementation of Government policies and programmes.President Mnangagwa hin...

By Staff reporter | Published: 12 June 2018

POLITICS

Chamisa begs Mnangagwa for government posts

INTERACTION between President Mnangagwa and opposition figures will only be a fixture of post-election Zimbabwe and not before, Secretary for Information, Media and Broadcasting Services Mr George Cha...

By Staff reporter | Published: 04 June 2018
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