Business
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 […]
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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 […]
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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 […]
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NMB Announces Significant Financial Milestones and Economic Outlook
NMBZ Holdings Limited has announced the disbursement of US$25 million by its subsidiary, NMB Bank Limited (NMB), from a US$50 million facility provided by Afreximbank, allocated to the mining and construction sectors during the third quarter ending September 30, 2025. This represents 50% of the total facility, underscoring the bank’s commitment to supporting key growth […]
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Zimbabwe Poised for Export Boom as China Drops All Tariffs
Aldridge Dzvene China’s decision to remove tariffs on all Zimbabwean products signals a transformative moment for the nation’s trade landscape and industrial ambitions. Announced at the 8th China International Import Expo, this initiative gives Zimbabwean producers direct access to one of the world’s largest consumer markets, removing financial barriers that previously hindered competitiveness. This is […]
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Zimbabwe Targets Global Competitiveness Through Industry Reform
Zimbabwe stepped into a different kind of national conversation as the Deputy Minister of Industry and Commerce, Hon. Raj Modi opened the 2025 National Tariff and Competition Conference. It felt less like a policy event and more like the unveiling of a country that has quietly grown tired of old economic ceilings and is now […]
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Delta contests ZIMRA tax assessments
Delta Corporation Limited is facing a US$73 million tax dispute with the Zimbabwe Revenue Authority (ZIMRA), covering principal, penalties, and interest for value-added tax and income tax from 2019 to 2022. The company argues that local-currency payments, devalued by inflation and currency depreciation, were not considered; thus, the debt is inflated. This was revealed in […]
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Renco mine revival marks turning point in RioZim’s recovery drive
HARARE — RIOZIM Limited has successfully reopened Renco Mine following a landmark capital-raising exercise that provided the much-needed funding to restart and stabilise operations, settle creditor obligations, and ensure consistent payment of employee salaries. The reopening of the mine in September represents a pivotal step in RioZim’s broader recovery and restructuring plan.Between mid-September and October, […]
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NTS voluntarily terminates ZSE listing
National Tyre Services Limited (NTS) is set to withdraw from the Zimbabwe Stock Exchange (ZSE), citing challenges in its operations, ongoing liquidity problems in the trading of its shares, and considerable expenses associated with maintaining its listing. Upon termination of the listing, NTS will revert to being an unlisted private company with shares not trading […]
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ZSE unveils mandatory compliance direct platform
The Zimbabwe Stock Exchange (ZSE) has issued Practice Note 17 of 2025, mandating the use of the Compliance Direct Platform for all official correspondence, filings, and documentation by Issuers and Brokers starting January 1, 2026. This directive, authorized under Statutory Instrument 134 of 2019 section 3(1)(h), aims to standardize record-keeping, improve data security, and speed […]
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