BUSINESS NEWS

Only 1% of Zimbabwe mining revenues go to taxes

A new report by the SIVIO Institute has raised alarm over weak transparency and minimal community benefits in Zimbabwe's multibillion-dollar mining sector, despite its pivotal role in driving the eco...

By Staff reporter | Published: 14 October 2025

BUSINESS NEWS

Forex revenue drives short-term insurance sector

Short-term insurers in Zimbabwe reported foreign currency-denominated insurance revenue amounting to US$114.55 million for the half year ended June 30, 2025 - a 29% increase from the previous year - ...

By Staff reporter | Published: 13 October 2025

BUSINESS NEWS

BCC can only use parking revenue in TTI areas

Bulawayo City Council (BCC) has clarified that revenue generated from its parking management system can only be used for maintenance and improvements within the areas managed by its partner, Tendy Th...

By Staff reporter | Published: 12 October 2025

BUSINESS NEWS

Bulawayo council loses revenue to illegal shops

The Bulawayo City Council (BCC) is losing significant potential revenue due to a growing number of shops operating illegally across the city.According to the latest council minutes, the Health Inspec...

By Staff reporter | Published: 12 October 2025

BUSINESS NEWS

Zimra turns to AI to boost revenue collection

The Zimbabwe Revenue Authority (Zimra) has unveiled a new five-year strategy (2026–2030) that incorporates artificial intelligence (AI) to modernise tax administration, integrate the informal secto...

By Staff reporter | Published: 10 October 2025

TRANSPORT & TOURISM

Unifreight reports 231% revenue growth

Unifreight Africa has reported a strong financial performance for the half-year ended 30 June 2025, driven by expanding cross-border operations and increased trade activity along the Beira corridor.G...

By Staff reporter | Published: 02 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

INDUSTRIALS & ENERGY

Zeco returns to profit on revenue surge

ENGINEERING firm Zeco Holdings Limited has posted a profit after tax of ZiG3.16 million for the half-year ended June 30, 2025, reversing a loss of ZiG1.65 million during the same period last year. The...

By Staff reporter | Published: 12 September 2025

CONSTRUCTION & PROPERTY

Mashonaland Holdings rental income rises 15%

Property developer Mashonaland Holdings recorded a 15% rise in rental income to US$3.1 million for the half-year ended June, supported by new tenants at its Pomona Commercial Centre.The Pomona develop...

By Staff reporter | Published: 09 September 2025

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
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