Afdis deepens local sourcing

AFRICAN Distillers (Afdis) spent US$35,1 million on local suppliers in the 2026 financial year as the beverages manufacturer intensified efforts to strengthen domestic supply chains and support the local industry.…

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Govt hails MICE business growth

THE government has commended the rapid growth of Zimbabwe’s Meetings, Incentives, Conferences and Exhibitions (MICE) sector, describing the emergence of world-class conferencing facilities in rural areas as a major boost…

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Caledonia targets stronger production

Kudzanai Gerede Companies and Markets Editor CALEDONIA Mining Corporation (Caledonia) is targeting stronger pro­duction in the second half of the year as improved access to high­er-grade ore and key operational upgrades begin to boost output. This comes as the group pro­duced 17 360 ounces of gold in the second quarter ended June 30, 2026, an…

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CFI rebound boosts Zimre

ZIMRE Holdings (Zimre) says it resumed recognising earnings from its 41,08 percent share­holding in CFI after the associate re­turned to profitability during the year December 31, 2025. The recovery in CFI signalled the potential turnaround of a long-troubled investment that had previously been fully impaired after years of cumula­tive losses. “In prior years, the company’s…

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Fidelity buoyed by insurance uptake

FIDELITY Life Assurance is capitalising on rising demand for financial protection prod­ucts as global geopolitical ten­sions and economic uncertainty prompt more households to pri­oritise insurance and long-term security. The insurer said changing consumer behaviour helped drive strong growth during the year ended December 31, 2025, with customers in­creasingly turning to life insurance, pensions and funeral…

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‘Econet shares undervalued’

News Editor ECONET Wireless Zimba­bwe (Econet) shares are trading well below fair value according to local equity research firms. The shares currently trade at a floor price of 50 US cents on the Victoria Falls Stock Ex­change (VFEX)’s OTC platform, set when Econet delisted from the Zimbabwe Stock Exchange (ZSE). Three firms argue that price…

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Mutapa banks on cost discipline

MUTAPA Gold Resources (MGR) says it remains fo­cused on cost management rather than fluctuating bullion prices as global gold markets retreat from record highs reached earlier this year. International gold prices peaked at an all-time high of US$5 595 per ounce late January this year driven by uncertainty in the global economy. Since then, the…

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New platform bids to widen farmers’ market access

LAND Fortune Market Place (LFM) and eMkambo have launched an ag­ricultural trading platform designed to help farmers access buyers across the region while improving access to finance and insurance. Backed by a market capitalisa­tion of US$5,2 million, the platform targets farmers operating under Vil­lage Business Units, many of whom struggle to secure reliable markets and…

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