Business
TIMB Cracks Down on Illicit Tobacco Trade with Hefty Fines
The Tobacco Industry and Marketing Board (TIMB) has taken a firm stance against illicit trade practices in the tobacco industry, imposing hefty fines on stakeholders engaging in illegal activities. The fines, ranging from US$50 to US$5,000, aim to curb side marketing, smuggling, and other illicit practices that undermine the sector’s growth. According to TIMB, contractors […]
Read More
NRZ Gets New Leader, Charangwa Takes The Helm
The National Railways of Zimbabwe (NRZ) has appointed a seasoned executive, Munyaradzi Stephen Charangwa, as its new Chief Executive Officer, effective April 1, 2026. Charangwa brings a wealth of experience in investment, infrastructure, and strategy to the role, having previously served as Head of Investments at ZIDA and Old Mutual. His mandate is clear: modernize […]
Read More
First Mutual Reports Stable Performance in FY2025
First Mutual Holdings Limited has released its audited abridged consolidated financial statements for the year ended 31 December 2025, showing a resilient performance amidst a challenging operating environment. The Group’s net property income was US$4.57 million (FY 2024: US$4.84 million), with total revenue at US$8.97 million (FY 2024: US$9.03 million). Rental income remains the primary […]
Read More
TELECEL ZIMBABWE’S DO-OR-DIE MEETING: Can the telco giant bounce back?
Telecel Zimbabwe is holding a make-or-break meeting with creditors and members on April 15, 2026, as it struggles to navigate corporate rescue. The company, Zimbabwe’s third-largest mobile network operator, entered voluntary corporate rescue in October 2025 due to crippling debt and dwindling market share. Bulisa Mbano of Grant Thornton, the Corporate Rescue Practitioner, has summoned […]
Read More
First Capital Bank Delivers Impressive 52% Profit Growth in FY2025
Harare, Zimbabwe – March 30, 2026 – First Capital Bank Limited Zimbabwe, a subsidiary of FMBcapital Holdings plc and listed on the Victoria Falls Stock Exchange (VFEX), has announced a remarkable 52% increase in Profit After Tax to US$30 million for the financial year 2025. This achievement is attributed to the bank’s disciplined strategy execution, […]
Read More
Econet InfraCo’s Historic Debut on VFEX: A US$1 Billion Milestone
Econet InfraCo has made a groundbreaking entry on the Victoria Falls Stock Exchange (VFEX) with a US$1 billion listing, marking a significant milestone for Zimbabwe’s capital markets. This inaugural listing is the largest initial listing in the country’s history, showcasing the nation’s growing appeal to investors. VFEX chairperson Florence Jambwa highlighted the listing’s importance, stating […]
Read More
RTG Delivers Robust FY25 Performance: Strategic Expansion Fuels Growth
The Rainbow Tourism Group (RTG) has announced a robust performance for the year ended 31 December 2025, with revenue increasing by 13% to USD 50.3 million, driven by a 28% surge in foreign currency earnings. The company’s strategic expansion efforts, including the acquisition of Montclair Hotel and Casino, MSK House in Cape Town, and Batoka […]
Read More
Econet Wireless Zimbabwe to Delist from Zimbabwe Stock Exchange Effective March 31, 2026
The Zimbabwe Stock Exchange (ZSE) has announced that Econet Wireless Zimbabwe Limited (Econet) will be voluntarily delisting from the exchange, effective March 31, 2026. This decision was made following a shareholder resolution passed on February 26, 2026, in accordance with Section 11 of the ZSE Listing Requirements. The ZSE had sought and obtained permission from […]
Read More
CIMAS Under Fire for Alleged Anti-Competitive Practices in Zimbabwe’s Healthcare Sector
The Competition and Tariff Commission (CTC) has launched an investigation into CIMAS Medical Aid Society (CIMAS), one of Zimbabwe’s largest medical aid providers, over allegations of restrictive and anti-competitive practices in the health sector. The probe follows a complaint by Belnash Investments, trading as Harvey Brown Pharmacy, which was denied registration as a health service […]
Read More
Gold Price Boosts Caledonia Mining’s FY25 Performance
Caledonia Mining Corporation’s FY25 performance was boosted by a higher gold price environment, with the company achieving impressive financial results. The company’s flagship Blanket Mine produced 76,213 ounces of gold, meeting its increased guidance of 75,500-79,500 ounces. The Bilboes oxide operation also contributed, producing and selling 1,683 ounces of gold. The company sold 79,075 ounces […]
Read More