Business
African Sun’s Monomotapa hotel snapped by Public Service Pension Fund
The hospitality group African Sun Limited, owned Monomotapa Hotel, which had been placed on the market, has been acquired by the Public Service Pension Fund for US$18 million. The sale, part of a value-unlocking strategy, follows a broader divestment plan that has seen the hotel giant list several of its key properties for disposal, including […]
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Zimbabwe’s Regulatory Burden, The Cost of Inaction on Competitiveness and Industrial Growth
By Aldridge Dzvene In Zimbabwe’s long quest for economic revitalisation, one issue has stubbornly resisted resolution, its outdated and cumbersome regulatory environment. Despite consistent calls from industry players, development partners and government itself, the country remains trapped in a web of bureaucratic entanglements that continue to undermine competitiveness, suppress innovation and drive formal businesses into […]
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Edgars’ expansion drive on course with addition of ten stores in 2025, capitalizing on economic stability in the country
Edgars Limited’s expansion drive, largely driven by relative economic stability, is set to see the retail giant open ten new stores in the full year 2025. The company released its half-year financial results for the period ended 6 July 2025. So far, three new stores have been opened in Rusape, Tynwald, and along Robert Mugabe […]
Read MoreZimbabwe, Mozambique Deepen Trade Ties with Beira Investment Conference: A New Chapter in Regional Economic Integration
In a bold display of regional solidarity and economic vision, Zimbabwe and Mozambique are rekindling and reinforcing trade and investment cooperation, using the momentum of their historical camaraderie to build a resilient and mutually beneficial future. This week’s investment conference in Beira, Mozambique, orchestrated under the auspices of ZimTrade, served as a strategic bridge between […]
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Vision Group’s Takeover of Tongaat Hulett Heralds New Era for Zimbabwe’s Sugar Industry
In the sweltering plains of Zimbabwe’s Lowveld, a new chapter is being written, one rich in promise and sweetened with hope. The country’s sugar industry, a vital cog in the national economy and the heartbeat of Masvingo Province, is undergoing a much-needed transformation, catalysed by the arrival of Vision Group as the new owner of […]
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Mashonaland East Tobacco Sales Top US$76 Million as Farmers Reap Rewards of Government Support
The 2024 tobacco marketing season in Mashonaland East Province is proving to be both robust and rewarding, with more than 23 million kilogrammes of the golden leaf sold to date, raking in over US$76 million across nine contract auction floors. As the province continues to shine on the national tobacco production stage, the mood among […]
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ZITF Expands Expo Calendar to Drive Innovation and Sustainable Growth
Zimbabwe’s flagship trade and investment showcase, the Zimbabwe International Trade Fair (ZITF), is adapting to a changing economic landscape. With a bold expansion of its event calendar for 2025, the ZITF Company is stepping up to address some of the nation’s most pressing priorities, including innovation, skills development, and sustainable economic growth. The headline announcement […]
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Winter Horticulture Gains Ground as Zimbabwe’s Farmers Reap Cold Season Profits
By Desire Tavengwa Agriculture Correspondent As temperatures drop and morning frost becomes a familiar sight, many farmers across Zimbabwe might view winter as a time to scale back operations. But for a growing number of horticulture farmers, the cold season is proving to be a window of opportunity. Across the country, small-to-medium scale farmers are […]
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FBC Holdings Seeks Approval to Buy Back Own Shares at Upcoming AGM
Diversified financial services group FBC Holdings Limited is seeking shareholder approval for a special resolution to buy back its own shares at its Annual General Meeting at Royal Harare Golf Club on Thursday, 26 June 2025. The company intends to execute the share buyback under section 50 of its Articles of Association and Section 128(1) […]
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Axia Corporation’s Expansion Drive Spurs Revenue Growth
Axia Corporation Limited’s expansion strategy, which saw its TV Sales & Home division open two new stores and the Restapedic division establish a Bulawayo distribution point, helped drive revenue growth in both divisions during the third quarter ended 31 March 2025. At the TV Sales & Home division, revenue rose by 5% during the third […]
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