AVANTIS Technologies Manufacturing is positioning itself to become one of Africa’s leading artificial intel­ligence companies through a phased investment strate­gy that prioritises commercial AI solutions, proprietary technologies and local datasets for global growth. The strategy, which will be implemented through its subsidiary Avantis AI, focuses on building profitable AI products in the near term before…

RAINBOW Tourism Group (RT­G)’s hotel occupancy rose to 51 percent in the first quarter ended March 31, 2026 from 48 percent in the comparable period last year supported by stronger demand for leisure and busi­ness travel. As a result, group revenue climbed 32 percent to US$11,4 million from US$8,7 million during the same period in…

RIOZIM says it will prioritise bringing its Cam & Motor Mine in Kadoma back to normal production capacity fol­lowing the completion of dewatering works and the resump­tion of gold operations. The miner suspended direct mining and processing oper­ations at Cam & Motor almost two years ago to allow criti­cal dewatering of flooded pits, a process…

AMALGAMATED Regional Trading (ART) expects Zim­babwe’s challenging operat­ing environment to persist through the second half of 2026 despite im­proved currency stability and easing inflation. The diversified industrial group said liquidity constraints, rising op­erating costs, import competition and regional market volatility are likely to continue weighing on business performance in the months ahead. Despite the difficult…

PROPLASTICS says it will continue investing in produc­tion capacity and power supply after recording stronger volumes and revenue in the first five months of the year. Speaking at the company’s annual general meeting, chief executive Paschal Changunda said the group’s fo­cus was expanding equipment capacity and strengthening backup power. “On capital improvements, two areas of…

BRITISH American Tobacco Plc is reducing its 47 000-strong global workforce by about one-fifth as part of its sweeping plan to bring down costs and simplify operations. By the end of this year, the maker of Dunhill cigarettes will have slashed 5 500 jobs and outsourced a further 3 500, according to an internal notice…

TSL shareholders have overwhelmingly approved the compa­ny’s voluntary delisting from the Zimbabwe Stock Exchange, paving the way for its migration to the Victoria Falls Stock Exchange (VFEX). The decision was endorsed at an extraordinary general meeting held on June 19, 2026, where shareholders unani­mously supported the resolutions. All votes cast were in favour of the…

PROSPECT Resources says new metallurgical tests at its Mumbezhi Copper project in Zambia have produced high-quality  copper concentrates with recoveries above 94 percent, supporting plans for a centralised processing facility. Prospect sold its Step Aside Lithium Project in Zimbabwe last year for close to US$2,2 million which was mainly redi­rected to its Mumbezhi Copper Project. The…