Business
Prof Mugano Injects Positive Energy Into Zimbabwe’s Economic Debate
Zimbabwe’s national economic conversation has taken a refreshing and constructive turn following renewed public engagement led by renowned economist and academic, Prof Gift Mugano. His recent commentary, particularly on the potential of the Mutapa Investment Fund (MIF), has injected optimism into a discourse often dominated by cynicism and political tension. Prof Mugano’s analysis has resonated […]
Read More
Innscor revenue soars 18.4% to US$1.086 billion
Inscor’s revenue has crossed the US$1 billion mark, reaching US$1.086 billion for the year ended June 30, 2025, representing an 18.4% jump from the previous year. The group’s strong performance was driven by volume growth across its core segments, including Mill-Bake, Beverages, and Light Manufacturing. The Mill-Bake segment maintained strong momentum, with the Bakery division […]
Read More
Seedco Group navigates turbulence, posts impressive results
Seed Co Ltd has demonstrated remarkable resilience in the face of macro-economic instability, tight liquidity, and credit risk, leveraging its strong brand equity, cost discipline, and expanding market access to post a near break-even interim result. The group’s financial performance for the half year ended September 30, 2025, has been anchored in brand equity, cost […]
Read More
NTS Delisting Roadmap: What You Need To Know
National Tyre Services Limited (NTS) has reminded shareholders that the voluntary termination of its listing on the Zimbabwe Stock Exchange (ZSE), which was approved at an EGM on November 19, 2025, has timelines within which it must be implemented. Shareholders are expected to accept the offer between November 21 and December 12, 2025. Delisting Date […]
Read More
Willdale Unleashes Mt Hampden Industrial Park Boom
Willdale Limited has regained control of 124 hectares of land in Mt. Hampden, previously occupied by third parties, and will develop an industrial park on the site. The project aligns with the government’s plan to develop Mt Hampden into a world-class city and support the expansion of Charles Prince Airport. The development is expected to […]
Read More
OK Struggles to Stay Afloat Amid Economic Turmoil
OK Zimbabwe Limited has reported significant challenges, including a 52% decline in revenue to US$245 million, due to exchange rate distortions, liquidity constraints, and intensified competition from the informal sector. The company posted a loss of US$25 million for the year ended March 31, 2025, attributed to supply chain disruptions, unstable exchange rates, and increased […]
Read More
Seedco Revenue plummets 39% Amid Market Challenges
Seedco Limited has reported a 39% decline in revenue to US$11.6 million for the half-year ended September 30, 2025, due to timing differences in the agricultural cycle, reduced exports, and a smaller winter wheat season. Despite the challenges, the company maintained a strong focus on cost discipline, resulting in relatively resilient gross margins. Operating expenses […]
Read More
Econet’s Share Price Whemba: Tech Giant Cries Foul Over ZSE Valuation
Econet Wireless Zimbabwe has issued a cautionary statement raising concern about the undervaluation of its share price on the Zimbabwe Stock Exchange (ZSE), which is affecting its ability to raise funds for critical infrastructure and technology upgrades. According to Econet, the market capitalization does not reflect its true value, leading to erosion of shareholder value. […]
Read More
RioZim not in financial distress
RIOZIM Limited’s (RioZim) operations have been improved by the reopening of Renco Mine following a landmark capital-raising exercise that provided the much-needed funding to restart and stabilize operation. Renco mine has since produced over 50kgs of gold and is looking forward to sustainable growth in production. The mine general manager, Blessing Katiyo said, “Ever since […]
Read More
Tourism business costs slashed
Zimbabwe is making big moves to boost its tourism sector! The government has slashed tourism business costs to lure more investments and reduce the cost of doing business, aligning with the country’s mantra “Zimbabwe is open for business”. Key Fee Reductions: These reductions aim to stimulate tourism investment, create jobs, and increase foreign currency earnings, […]
Read More