Business
ZIMRA Listens to Industry, Revises Tax Clearance Issuance Timelines
The Zimbabwe Revenue Authority (ZIMRA) has reversed its earlier directive on the issuance of one-month tax clearance certificates, following submissions by the Confederation of Zimbabwe Industries (CZI) highlighting the burden and practical challenges of implementing Public Notice 69 of 2025. In a letter to CZI dated December 19, 2025, ZIMRA announced a phased approach to […]
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Caledonia Mining Welcomes Zimbabwe Govt’s Tax Revisions
Caledonia Mining Corporation Plc is breathing a sigh of relief after Zimbabwe’s government revised its tax proposals in the 2026 National Budget. The changes, announced on December 17, 2025, are seen as a positive move for the mining sector. The revisions include a royalty rate increase from 5% to 10%, but only if the gold […]
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Seed Co Welcomes New Board Member
Seed Co has announced the appointment of Mr. Rogério Alvares de Andrade as a non-executive director, effective November 22, 2025, pending ratification at the next Annual General Meeting. He succeeds Mr. Frederic Savin, who retired from the Board on September 5, 2025. Mr. Frederic Savin Mr. de Andrade, nominated by the Limagrain Group, is a […]
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FBC Unites Forces: Bank and Building Society Merge for a Stronger Future
FBC Holdings Limited has announced the merger of its subsidiaries, FBC Bank Limited and FBC Building Society, effective December 30, 2025. The Minister of Finance, Economic Development and Investment Promotion has approved the consolidation, following a joint application by the two institutions. The merger aims to enhance operational efficiency, streamline regulatory compliance, and strengthen the […]
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OK Zimbabwe Unveils New Era with Key Board Appointments
OK Zimbabwe Limited has announced a significant leadership transition, with the retirement of long-serving chairman Herbert Nkala, effective December 11, 2025. Nkala’s departure marks the end of an era, with the board acknowledging his dedicated service and commitment to the company. As part of a broader effort to strengthen governance and drive growth, OK Zimbabwe […]
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Tigere REIT Unleashes Growth: Snags Greenfields, Zimre-Park Drive Thru in USD 25m Deal
Tigere Property Fund, listed on the Zimbabwe Stock Exchange, has released a pre-close statement for the year ended December 31, 2025, highlighting a transformational year marked by significant acquisitions and strong operational performance. The Fund’s decisive execution and disciplined cost control have positioned it as one of Zimbabwe’s fastest-growing listed entities. Key highlights include the […]
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Econet Wireless Zimbabwe to Delist from ZSE, Lists InfraCo on VFEX
Econet Wireless Zimbabwe Limited has announced its intention to voluntarily delist from the Zimbabwe Stock Exchange (ZSE) and list its infrastructure subsidiary, Econet Infrastructure Company Limited (Econet InfraCo), on the Victoria Falls Stock Exchange (VFEX). The company advised shareholders in a cautionary statement dated December 15, 2025. The move aims to unlock shareholder value, with […]
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Kavango Secures US$373k Boost for Zimbabwe Projects
Kavango Resources PLC has successfully raised US$373,323.19 through a strategic fundraise, marking a significant milestone in its efforts to bolster its working capital and drive exploration and mine development activities in Zimbabwe. The company issued 27,651,514 new ordinary shares at £0.01 per share, demonstrating investor confidence in its growth prospects. The proceeds will be allocated […]
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Hungry Lion Unleashes Fiery Competition: New Eastgate Mall Branch Opened
Hungry Lion, the South African fast-food giant, has expanded its footprint in Zimbabwe with the opening of a new branch at Eastgate Mall in Harare. This strategic move is part of the company’s broader African expansion strategy, aimed at increasing its market presence and competitiveness in the region. The new branch is expected to intensify […]
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OK Zimbabwe’s Revenue Plummets 84%: US$28m in HY
OK Zimbabwe Limited has announced a challenging half-year ended 30 September 2025, with revenue plummeting 84% to US$28.26 million, attributed to liquidity constraints and difficult operating conditions. The company’s sales volumes also took a significant hit, declining 82.68% to 24.23 million units, resulting in a net loss of US$17.81 million, a stark contrast to the […]
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