Business
Business Leaders Applaud RBZ’s Tight Monetary Policy for Exchange Rate Stability
Business leaders have praised the Reserve Bank of Zimbabwe (RBZ) for maintaining a tight monetary policy, which has helped stabilise the ZiG against the US dollar. Speaking before the Parliamentary Portfolio Committee on Budget, Finance, Economic Development, and Investment Promotion, industry representatives welcomed the monetary measures outlined by RBZ Governor Dr. John Mushayavanhu in the […]
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EcoCash Holdings Board Reshuffle: Leadership Transition in Motion
EcoCash Holdings Zimbabwe Limited has announced significant changes to its board, marking a strategic leadership transition. Tawanda Nyambirai, Group Chief Executive Officer The reshuffle comes on the backdrop of Tawanda Nyambirai acquiring a majority stake in the business which boasts tech financial services firm, Steward Bank as it’s subsidiary. Mrs. Sherree Gladys Shereni has stepped […]
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Zimbabwe Advances Investor Compensation, Strengthening Debt Resolution Efforts
The Government of Zimbabwe has begun compensating investors affected by the Land Reform Programme under Bilateral Investment Protection and Promotion Agreements (BIPPAs), marking a crucial step in the country’s Arrears Clearance and Debt Resolution Process. This follows the disbursement of funds from the US$20 million allocated in the 2024 National Budget for compensating BIPPA-protected farm […]
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Simbisa Appoints Mudzengi as Group Finance Director
Quick-service restaurant group Simbisa Brands Limited has appointed renowned chartered accountant David Takudzwa Mudzengi as Group Finance Director, effective February 1, 2025. Mudzengi succeeds Baldwin Guchu, who stepped down from the position effective January 1, 2025. The company announced the change in a notice to shareholders. “The Board is pleased to announce the appointment of […]
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National Foods Limited voluntarily terminate VFEX listing
National Foods Limited has voluntarily delisted its ordinary shares from the Victoria Falls Stock Exchange (VFEX), effective January 31, 2025.THE VFEX advised the investing public in a notice. In December last year, the company’s shareholders approved a resolution to voluntarily delist from the VFEX, in line with Section 11 of the VFEX Listing Requirements. An […]
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Zimbabwean Horticultural Exporters Target New Markets at Fruit Logistica 2025
Zimbabwean horticultural exporters are set to expand their market reach at Fruit Logistica 2025, the world’s largest fresh produce exhibition, scheduled for February 5-7 in Germany. At least 30 local farmers will take part in the event, with 10 showcasing their products physically, another 10 attending as visitors to gather market insights, and the remainder […]
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Zimbabwe’s Mining Sector Maintains Stability Amid Global Commodity Price Fluctuations
Despite a downturn in global commodity prices, Zimbabwe’s mining sector continues to demonstrate resilience, playing a crucial role in driving the nation’s economic growth. Speaking at the African Mining Conference in South Africa, Minister of Mines and Mining Development, Hon. Winston Chitando, highlighted the industry’s ability to withstand market pressures. “In 2023 and especially 2024, […]
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Khayah Cement Restructures Amid Corporate Rescue Efforts
Khayah Cement Limited (Under Corporate Rescue) has scheduled a creditors and members meeting on Wednesday, 19 February 2025, at 09:00 AM at Chapman Golf Club, 6 Smit Crescent, Harare, Zimbabwe. The meeting is convened in accordance with Section 140 of the Insolvency Act [Chapter 6:07]. In line with Section 139 of the Act, holders of […]
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CBZ Holdings Concludes Restructuring to Strengthen Operations
CBZ Holdings has finalized its restructuring exercise, a strategic initiative launched in October 2024 to enhance efficiency, strengthen market positioning, and ensure long-term sustainability. The process was officially completed on 31 January 2025. As part of the restructuring, 347 staff roles were affected in the second phase out of a total workforce of 1,448. The […]
Read More Khayah Cement Calls First Creditors’ Meeting as Corporate Rescue Begins
Cement manufacturer Khayah Cement, placed under corporate rescue in December last year under the Insolvency Act [Chapter 6:07], has convened its first creditors’ meeting to verify claims. The company voluntarily entered corporate rescue due to viability challenges, appointing Bulisa Mbano of Grant Thornton (Zimbabwe) as the corporate rescue practitioner to oversee the process. The first […]
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