Author: John Tanyanyiwa
ASB Hospitality Acquires Makasa Sun in USD 30 Million Deal
First Capital Bank Limited (FCB) and its co-shareholder, First Capital Bank Staff Pension Fund, have signed an agreement to sell their 100% stake in Makasa Sun (Private) Limited to ASB Hospitality LLC for USD 30 million. The sale, subject to regulatory approvals, includes: Shareholders will be updated as approvals are secured.
Read More
CAFCA’s sales volumes dropped 8%, hit by a sharp decline in export sales.
Cables manufacturer, CAFCA Limited reported an 8% decline in sales volumes for the year ending September 30, 2025, driven by a 32% drop in export sales amid ongoing challenges in the export market. Despite this, revenue rose 56% to US$39.5 million, largely due to exchange rate fluctuations, though it fell 3% in real terms. Margins […]
Read More
Epworth uplift, school project and 300k fund launched
ZANU PF’s interdistrict meeting at Epworth High School yesterday was not a routine political gathering, it was a deliberate fusion of money, power and development staged in one of Harare’s most politically sensitive communities. Harare Province’s Zone 5, covering Epworth, Mabvuku Tafara, Hatfield and Waterfalls, converged in their thousands to hear feedback from the recent […]
Read More
TelOne’s Landline-to-Mobile Service Signals Shift in Voice Strategy
TelOne’s new service, which connects landlines directly to mobile phones, marks a strategic shift beyond a mere technical upgrade. By enabling customers to manage landline calls via their mobile devices without extra equipment, TelOne is transforming the traditional fixed line into a flexible, portable contact point. This move acknowledges that telecom success now hinges on […]
Read More
Breaking News: Archbishop Paul Mwazha dies
Archbishop Paul Mwazha, the 107-year-old founder and leader of the African Apostolic Church, has passed away today, November 20, 2025. The announcement was made by the church’s General Secretary, Bishop Jeshua Mhizha, who expressed that “he has departed from us but in spirit we are together with him.” More detail to follow…
Read More
President Mnangagwa Accelerates Investment Reforms to Cut Bureaucratic Hurdles
The Second Republic is transitioning from rhetoric to action, with President Emmerson Mnangagwa spearheading a sweeping overhaul of Zimbabwe’s regulatory landscape. The government is aggressively simplifying fees, permits, and licenses to remove longstanding barriers to investment and entrepreneurship. This reform, aligned with Vision 2030, aims to create a seamless environment for capital inflow by improving […]
Read More
OK Zimbabwe Streamlines Operations: Closes 11 Branches and Cuts Staff in bid to return to Profitability
OK Zimbabwe Limited has closed 11 branches and reduced its workforce as part of efforts to restore profitability and address liquidity challenges. The company, led by former senior executives including ex-CEO Willard Zireva, aims to revive its fortunes after facing financial constraints that threatened its viability. The retailer, which once operated 76 stores nationwide, plans […]
Read More
ZIFA quashes PSL’s decision to defer relegation of teams from the top flight league
The Zimbabwe Football Association (ZIFA) has rejected the Premier Soccer League’s (PSL) decision to suspend relegation for the 2025 season and expand the league to 22 teams. ZIFA insists that promotion and relegation are essential to maintaining the league’s integrity and fairness, and that any changes must follow proper procedure. This means four teams will […]
Read More
ZECO Holdings Limited Reports Improved Shop Occupancy in Real Estate Segment
ZECO Holdings Limited has reported a rise in shop occupancy in its real estate segment, reaching 52.17% in the third quarter ended September 30, 2025, up from 30.77% in the same period last year. The company attributes this growth to intensified marketing efforts and expects occupancy rates to increase further in the coming months. Financial […]
Read MorePSL says no teams to be relegated as it expands leageu
Big news for the relegated teams! The Premier Soccer League (PSL) has voted against relegation this season, saving clubs like Kwekwe FC, Yadah, Dynamos, Caps United, and Highlanders from dropping down. The decision aims to transition the league to a 20-team format, aligning with international standards. Here’s the breakdown:
Read More