Tanganda to dispose of US$4,5 million assets

TANGANDA Tea Company (Tanganda) is set to dispose of non-core assets with a cumulative value of US$4,5 million as it seeks to improve the quality of its portfolio while eyeing significant investments to bolster operations. The group is also considering a bridging facility of US$2,5 million, already at ‘advanced stages’ of review by the relevant…

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Air Tanzania lands Victoria Falls route

THE Victoria Falls International Airport is set to welcome a new air link as Air Tanzania launches its route connecting Dar es Salaam, Tanzania, to Zimbabwe’s iconic Victoria Falls, starting today. The service, dubbed The Wings of Kilimanjaro, will continue on to Cape Town, offering seamless multi-destination travel across Southern and East Africa. The Airports…

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Festive season inflows stir Zim

INCREASED diaspora remittances will significantly boost consumer spending and lift business over the Christmas and New Year holidays, economic experts say. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts added this week that there would be more “cheer” this festive season…

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State of service sector improves

THE state of Zimbabwe’s services sector has steadily improved this year, with the quality of service provision in privately-run institutions outperforming State-owned entities, the 2025 State of the Service Economy Survey (SOSES) shows. According to the annual report, conducted by The Financial Gazette, ZB Financial Holdings, Tatu Advertising and Consumer Feedback Consultancy, digitalisation, improved work…

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Elephant Hills shuts down for major overhaul

ONE of the country’s leading hotels, Elephant Hills Resort, in Victoria Falls will close its doors in November 2026 for an 18-month refurbishment and rebranding programme. It would reopen in the second quarter of 2028. In a statement yesterday, African Sun Limited, the hotel’s operator, said the multimillion-dollar project would mark a significant milestone in…

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