AXIA Corporation says its Zimbabwean operations continue to benefit from strong access to foreign currency, enabling the business to effectively meet its import requirements. This is in stark contrast with its other operating markets, Malawi and Zambia, where foreign currency shortages and exchange rate volatility have impacted operations. This financial stability provides a solid foundation…
ZIMPLOW Holdings (Zimplow) plans to dispose of its Dagenham Property in Willowvale for US$3,2 million as part of a strategic move to recycle capital from non-core assets into high-return operational avenues. The Victoria Falls Stock Exchange-listed group confirmed it has entered into an agreement with the Hailing Family Trust for the sale of the asset.…
EXPERTS have warned policymakers against turning industrial policy into an instrument of permanent protectionism. Instead, they called for carefully designed, time-bound safeguards that nurture industry without overburdening the national fiscus. This comes as the country moves towards finalising a five-year roadmap meant to accelerate industrial growth from 2026 to 2030, the Zimbabwe National Industrial Development…
THE government must shun complacency and adopt a rigorous, disciplined approach to managing the gold sector in this era of unprecedented opportunity for the industry. The country is clearly benefiting from rising output and buoyant global prices, yet these gains will remain fragile unless matched by serious reforms. Record deliveries are encouraging, but production figures…
THE third edition of the State of Services Economy Survey (SOSES) will be launched on December 10 in Harare. ZB Financial Holdings is funding the survey, with The Financial Gazette and TATU Advertising serving as project partners. “The research team at Consumer Feedback Consultancy is currently in the field and finalising data collection ahead of…
ZIMBABWE is rapidly transitioning to a services-based economy from a resource-driven one, leveraging digitisation and artificial intelligence, a prominent technology expert has said. Speaking at the 2025 Top Companies Survey awards ceremony, organised by The Financial Gazette with sponsorship from Old Mutual Zimbabwe, guest of honour and Liquid Cloud and Cyber chief executive Oswald Jumira…
SIMBISA Brands (Simbisa) anticipates its digital shift and restructuring exercise to bolster operational efficiency and expand market reach as it moves to protect margins through stricter cost control efforts. The group has seen significant utilisation of its digital applications for sales and deliveries by customers in key markets, such as Zimbabwe and Kenya. This comes…
MEIKLES’ diesel consumption increased by 20 percent to 3,75 million litres in 2025, from 3,12 million litres in 2024, owing to persistent power outages, which necessitated increased use of diesel-powered generators. The growth in diesel consumption means additional operating costs for the retailer, which also requires huge volumes for its delivery vehicles operating across the…
NET interest income from lending activities supported FBC Holdings (FBC) in maintaining profitability during the third quarter ending September 30, 2025, even as total income declined by 39 percent to ZiG2,8 billion from ZiG4,6 billion in the same period last year. The bank capitalised on strong credit demand in the economy to boost its loan…
AFRICAN Sun posted a four percentage points decrease in occupancy to 64 percent during the third quarter ended September 30, 2025 attributed to reduced spending by non-governmental organisations (NGOs) and the government. Traditionally, both the government and the NGO sector have been major contributors to the local hospitality industry by hosting and sponsoring strategic workshops…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More