April 2024

CFI steps up cost cuts, retail unit diversification

CFI Holdings (CFI) has outlined plans to make broader cost cutting initiatives across its business operations as well as diversifying its agro-focused retail unit to minimize exposure to a major slump in the agriculture sector. (more…)

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April 4, 2024

Companies & Markets

Padenga’s crocodile unit makes volume upturn

PADENGA Holdings says its crocodile business has returned to optimal skin volume production at improved quality placing it in a strong position to maximise skin sales realisations. (more…)

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April 4, 2024

Retailers grapple with falling demand

By Kundai Mudzviti Staff Writer RETAILERS are navigating persistent challenges, including shrinking profit margins, as consumer spending dwindles. (more…)

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April 4, 2024

AfDB urges Zimbabwe to reform monetary policy

THE African Development Bank (AfDB) says Zimbabwe’s monetary policy remains a major source of macroeconomic instability in the country. (more…)

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April 4, 2024

Companies & Markets

2024 OK Grand Challenge launched

OK Zimbabwe yesterday launched its annual Grand Challenge promotion, with prizes valued at US$1 million and supported by 40 Zimbabwean household brands from different sectors of the economy. (more…)

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April 4, 2024

National Report

CABS posts 177pc jump in annual profit

By Kudzanai Gerede Companies and Markets Editor CENTRAL Africa Building Society (CABS)’s annual profit jumped by 177% to $555,10 billion during the year ended December 2023 as fees and commission income helped offset decline in net interest income which was affected by rising cost of offshore credit lines.…

April 4, 2024

National Report

FMP expands property portfolio

By Kundai Mudzviti Staff Writer FIRST Mutual Properties (FMP) is investing in multiple real estate projects currently at various stages of completion as the company seeks to bolster its property portfolio. (more…)

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April 4, 2024

Sport

Erling Haaland: Pep Guardiola defends Manchester City striker after Roy Keane criticism

Manchester City boss Pep Guardiola has defended striker Erling Haaland following Roy Keane’s criticism after Sunday’s 0-0 draw with Arsenal.…

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April 4, 2024

International News

China’s ageing population: A demographic crisis is unfolding for Xi

Ask 72-year-old farmer Huanchun Cao about his pension and he reacts with a throaty cackle…

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April 4, 2024

US$2 bln needed for drought relief

ZIMBABWE requires more than US$2 billion for various interventions following an El Niño-induced drought, President Emmerson Mnangagwa said yesterday as he declared a state of disaster. (more…)

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April 4, 2024

Wednesday, 13 November 2024

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