BUSINESS NEWS

CABS renews US$40m facility to support the economy

The Central Africa Building Society (CABS), a member of Old Mutual Zimbabwe, has reaffirmed its commitment to driving economic development and social impact across Zimbabwe, following the release of i...

By Staff reporter | Published: 21 April 2025

FINANCIAL SERVICES

Afreximbank says globalisation is under life support

Globalisation is under threat amid rising protectionism which must force African countries to look inwards for growth and development, Afreximbank president Benedict Oramah has said.The world is in a ...

By Staff reporter | Published: 18 April 2025

INDUSTRIALS & ENERGY

Varun Beverages is reshaping Zimbabwe's consumer market

WHEN Varun Beverages Zimbabwe began commercial production in January 2018, it had a single production line.Today, the company boasts four backward-integrated lines manufacturing bottle closures and pr...

By Staff reporter | Published: 18 April 2025

MINING & RETAIL

Modi acquires Choppies for US$260,000 after selling it for US$22 million

Deputy Industry Minister and prominent businessman Raj Modi has acquired Choppies Zimbabwe for just US$260,000, marking a dramatic turn in the retail chain's fortunes more than a decade after the Bots...

By Staff reporter | Published: 17 April 2025

TELECOMS & TECHNOLOGY

Vodacom supports Starlink being blocked in South Africa

Vodacom says satellite operators like Starlink should be held to the same standards as terrestrial operators, particularly regarding local ownership, control, social obligations, performance, and sanc...

By Staff reporter | Published: 17 April 2025

TRANSPORT & TOURISM

Zupco in drive to procure 500 buses

ZUPCO is set to kick off the long-awaited procurement of hundreds of new buses within the next three months, marking a significant step forward in efforts to modernise Zimbabwe's public transport syst...

By Staff reportetr | Published: 17 April 2025

MINING & RETAIL

Zimbabwe's mineral revenues decline despite volume surge

Zimbabwe's mining sector delivered a mixed performance in the first quarter of 2025, with mineral export volumes registering notable growth, but overall revenues falling sharply. This is according to ...

By Staff reporter | Published: 17 April 2025

MINING & RETAIL

Zimbabwe's steel revolution begins

Zimbabwe has taken a major step toward economic transformation and self-sufficiency with the launch of full-scale finished steel production at the Dinson Iron and Steel Company (Disco) plant in Manhiz...

By Staff reporter | Published: 17 April 2025

INDUSTRIALS & ENERGY

ZHL profit surges to US$10m

Zimre Holdings Limited (ZHL), a leading financial services group, has reported an impressive 471% increase in profit after tax, reaching US$10.33 million for the financial year ended December 31, 2024...

By Staff reporter | Published: 16 April 2025

MINING & RETAIL

Caledonia Mine sets new gold production record

Caledonia Mining Corporation Plc, a Jersey-domiciled miner focused on Zimbabwe's gold sector, has reported a near 10% increase in gold production for the first quarter of 2025, with a total of 18,671 ...

By Staff reporter | Published: 16 April 2025

INDUSTRIALS & ENERGY

Zimbabwe manufacturing sector faces challenges

Industry and Commerce Minister Nqobizitha Ndlovu has called for urgent action to address the challenges stifling the competitiveness of Zimbabwe's manufacturing sector, after new findings revealed tha...

By Staff reporter | Published: 16 April 2025

FINANCIAL SERVICES

Zimbabwe to get share of US$300m Afreximbank dividend

The Zimbabwean government is set to receive a significant payout from Afreximbank's recently declared US$300 million dividend, following the bank's exceptional financial performance in the year ending...

By Staff reporter | Published: 16 April 2025

CONSTRUCTION & PROPERTY

'Bulawayo-Vic Falls Road upgrading to take 10 months'

Transport and Infrastructural Development Minister Felix Mhona has confirmed that the long-awaited rehabilitation of the Bulawayo-Victoria Falls Road will resume next month and is expected to be compl...

By Staff reporter | Published: 16 April 2025

INDUSTRIALS & ENERGY

Belarus to establish bus and tractor assembly plant in Zimbabwe

Belarus is set to establish a bus and tractor assembly plant in Zimbabwe by December 2025, further cementing the growing ties between the two nations. This announcement was made by Mr Pearson Chigiji,...

By Staff reporter | Published: 16 April 2025

CONSTRUCTION & PROPERTY

New shopping mall for Bulawayo

THOMPSON Properties, a real estate agency, plans to construct a shopping mall in Bulawayo, which is expected to create more than 600 new jobs for locals.Jonathan Thompson, founder of Thompson Propert...

By Staff reporter | Published: 14 April 2025

TRANSPORT & TOURISM

NRZ goods train catches fire

A National Railways of Zimbabwe (NRZ) goods train ferrying coal from Hwange to Zambia caught fire earlier today at the Pandamatenga siding site, triggering an emergency response from local authorities...

By Staff reporter | Published: 14 April 2025

FINANCIAL SERVICES

EcoCash maintains market leadership amid rising competition

The country's fintech sector has seen a significant increase in new players such as Omari, Innbucks, Mojo Mula and Mukuru in the mobile money business, which had previously been made up of EcoCash, Ne...

By Staff reporter | Published: 14 April 2025

TELECOMS & TECHNOLOGY

NetOne makes bold US$225m annual revenue target

STATE-OWNED mobile operator, NetOne is targeting a staggering US$225 million in revenue this year, driven by a strategic rollout of innovative products and services.NetOne's Chief Commercial Officer, ...

By Staff reporter | Published: 14 April 2025

CONSTRUCTION & PROPERTY

Willdale appoints new chair in flurry of board changes

LISTED brick manufacturer, Willdale Limited (Willdale) has appointed Brian Mataruka as its new chairman with effect from April 1, 2025, amid several board changes as the firm grapples with losses.Mata...

By Staff reporter | Published: 14 April 2025

FINANCIAL SERVICES

US$80m Harare Afreximbank trade centre to open in August

The Afreximbank Africa Trade Centre (AATC) Harare's office is expected to open in August, the pan African bank said on Thursday, as it moves to boost trade and investment in Africa, the Caribbean and ...

By Staff reporter | Published: 14 April 2025

FINANCIAL SERVICES

Short-term insurance complaints up 40% in 2024

SHORT-TERM insurance complaints rose 40% in 2024 to 126, driven by unsatisfactory services and delays in settlement claims, a new report by the industry's regulator shows.In the Insurance and Pension ...

By Staff reporter | Published: 14 April 2025

INDUSTRIALS & ENERGY

Ariston FD steps down

Ariston Holdings Limited's  finance director (FD) Acquilina Chinamo has resigned after nearly nine years in charge of the agro-industrial firm's finances.The firm's company secretary, Anesu Muset...

By Staff reporter | Published: 14 April 2025

FINANCIAL SERVICES

Stanbic Bank wins Best Pan-African Bank for SMEs award

STANBIC Bank has positioned itself as a leader in the small-to-medium enterprise (SME) space through its suite of purpose-built solutions, including the Africa China Trade Agent Proposition, which con...

By Staff reporter | Published: 14 April 2025

TELECOMS & TECHNOLOGY

Sony hikes price of its PlayStation 5 console in Europe

Sony says it has increased the price of its PlayStation 5 console in markets in Europe, Britain, Australia and New Zealand.The Japanese technology and entertainment conglomerate says a "challenging ec...

By Staff reporter | Published: 14 April 2025

TELECOMS & TECHNOLOGY

Good news for MTN WhatsApp users in South Africa

MTN has partnered with WhatsApp owner Meta Platforms to enhance the quality of video and voice calls on the instant messaging application across 12 of the network's markets.The mobile operator says th...

By Staff reporter | Published: 14 April 2025
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