INDUSTRIALS & ENERGY

Seed Co sees revenue soar

Seed Co Limited is poised for sustained growth across Africa as it continues to benefit from heightened structural demand for food security, regional seed shortages, and a broadening retail and export...

By Staff reporter | Published: 07 July 2025

BUSINESS NEWS

'Zimbabwe losing billions in tax revenue to informal sector'

Zimbabwe is losing between US$7.5 billion and US$8 billion in potential tax revenue every year due to the dominance of its informal sector, according to new estimates by the African Development Bank (...

By Staff reporter | Published: 04 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

ZIMBABWE

Zimra surpasses revenue target by 10%

The Zimbabwe Revenue Authority (Zimra) has exceeded its 2024 revenue collection target by 10.26%, raking in ZWG116.47 billion against a projected ZWG105.63 billion, according to its latest annual repo...

By Staff reporter | Published: 25 June 2025

BUSINESS NEWS

Zimbabwe's Health Ministry details use of sugar tax revenue

The Ministry of Health and Child Care has broken its silence on the use of sugar tax revenues, providing an official account of funds received from the Treasury and how they have been allocated towar...

By Staff reporter | Published: 22 June 2025

INDUSTRIALS & ENERGY

Turnall Q1 revenue declines 11% to US$2,3m

Construction firm Turnall Holdings Limited (Turnall) recorded an 11% decline in revenue to US$2.3 million during the first quarter of 2025, citing low economic activity and persistent liquidity challe...

By Staff reporter | Published: 16 May 2025

INDUSTRIALS & ENERGY

Dairibord records 18% quarterly revenue jump

Dairibord Holdings, a key player in Zimbabwe's dairy industry, reported an 18 percent increase in revenue to US$31.3 million for the first quarter ending 31 March 2025, despite facing significant envi...

By Staff reporter | Published: 15 May 2025

BUSINESS NEWS

Treasury surpasses Q1 tax revenue target

Zimbabwe has exceeded its tax revenue collection target for the first quarter of 2025, with the Zimbabwe Revenue Authority (ZIMRA) collecting US$1.5 billion, marking a significant milestone in the gov...

By Staff reporter | Published: 13 May 2025

CONSTRUCTION & PROPERTY

WestProp records 80% revenue surge amid residential property boom

Listed property developer WestProp Holdings Limited has announced a substantial 80 percent rise in revenue for the financial year ended December 31, 2024, propelled by surging demand for residential r...

By Staff reporter | Published: 10 May 2025

CONSTRUCTION & PROPERTY

Rental income dominates First Mutual Properties revenue

First Mutual Properties (FMP) says rental income remains its primary source of revenue, with the property investment firm intensifying efforts to diversify both its tenant base and portfolio to streng...

By Staff reporter | Published: 05 May 2025

MINING & RETAIL

Zimbabwe's mineral revenues decline despite volume surge

Zimbabwe's mining sector delivered a mixed performance in the first quarter of 2025, with mineral export volumes registering notable growth, but overall revenues falling sharply. This is according to ...

By Staff reporter | Published: 17 April 2025

TELECOMS & TECHNOLOGY

NetOne makes bold US$225m annual revenue target

STATE-OWNED mobile operator, NetOne is targeting a staggering US$225 million in revenue this year, driven by a strategic rollout of innovative products and services.NetOne's Chief Commercial Officer, ...

By Staff reporter | Published: 14 April 2025

BUSINESS NEWS

Mthuli Ncube tables ambitious revenue collection figures

TREASURY has tabled an ambitious $14 billion revenue collection target by year 2019, despite only collecting a paltry 35% of that figure in the first half of the year.Revenue collections for the first...

By Staff reporter | Published: 10 October 2019

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

BUSINESS NEWS

Innscor's revenue breaches $1bn mark

Diversified Industrial conglomerate, Innscor Africa Limited defied the challenging economic environment and reported a surge in profitability for the year to June 30, 2019, on good product mix and vol...

By Staff reporter | Published: 30 September 2019

BUSINESS NEWS

Zimpapers records 63% revenue increase

INCREASED investment towards tapping digital opportunities remains the anchor for the growth of Zimpapers (1980) Limited, the country's leading integrated media group, as it seeks to diversify operati...

By Staff reporter | Published: 27 September 2019

TELECOMS & TECHNOLOGY

Telecoms firms in revenue decline

ZIMBABWE's telecoms sector has suffered a $37,1 million decline in revenue for the first time ever in the past four years.The latest Postal and Telecommunications Regulatory Authority of Zimbabwe (Pot...

By Staff reporter | Published: 16 July 2019

MINING & RETAIL

PPC Zimbabwe revenue declines by 20%

PRETORIA Portland Cement (PPC) says revenue at its Zimbabwean entity declined by 20%, compared to last year, due to a weaker cement market, clinker shortages and depreciation in the functional currenc...

By Staff reporter | Published: 02 July 2019

FINANCIAL SERVICES

Tight economy chokes Fidelity insurance revenue

Fidelity Life Assurance says the increase in the costs of basic goods against stagnant wages reduced spending on insurance products.The company's chief executive officer, Reuben Java, told shareholder...

By Staff reporter | Published: 27 June 2019

LANDS & AGRICULTURE

Increased revenue drives Seed Co PAT to US$90,7m

Seed Co Limited posted an after-tax-profit of US$90,7 million in the year ended March 31, up from US$21,4 million recorded in the prior year, driven by an increase in revenue.Revenue was up 16% to US$...

By Staff reporter | Published: 14 June 2019

LANDS & AGRICULTURE

Zimplow revenue grows by 86%

LISTED manufacturer and distributor of farming implements, Zimplow, says its revenue grew by 86% to $29,8 million in the first five months of 2019, driven by an improvement in volumes across the group...

By Staff reporter | Published: 14 June 2019

BUSINESS NEWS

Zinara revenues projected to hit $136m

The Zimbabwe National Roads Administration (Zinara)'s combined revenues are projected to rise to $135,6 million for the current year, up from $133,3 million last year. The improvement in the roads aut...

By Staff reporter | Published: 13 June 2019

TRANSPORT & TOURISM

Zimpost revenue dips on working capital constraints

ZIMPOST says it generated $19,3 million in revenue in the 11 months to November, which was 12% below the $22 million achieved last year, as liquidity challenges and working capital constraints affecte...

By Staff reporter | Published: 31 December 2018

BUSINESS NEWS

Revenue collections surpass $5 billion

ZIMBABWE'S revenue collections surpassed $5 billion after a tax increase on electronic transfers buoyed December collections to peak at $572,4 million, official data has shown.In a bid to shore up dep...

By Staff reporter | Published: 31 December 2018

BUSINESS NEWS

Zimra revenue declines by $27 million

THE Zimbabwe Revenue Authority (Zimra) has recorded a decline of $27 million from commercial and vehicle imports in the first 10 days after Government legalised the payment of duty on specified goods ...

By Staff reporter | Published: 10 December 2018
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