Kudzanai Gerede Companies and Markets Editor PPC Limited is bullish on its operations in Zimbabwe after strong local demand and improved commercial execution lifted profitability and strengthened the business’ contribution to the group’s foreign currency earnings. The South African-based cement producer said Zimbabwe continued to experience strong underlying demand during the financial year ended March…
Tapiwa Chirume THE high local demand for alcoholic drinks is continuing unabated, driving Delta Corporation to more record-breaking sales. The beverages giant grew its volumes 14 percent, to 3,4 million hectolitres, in the three months to June 30 — driven by robust consumer demand for both lager and traditional sorghum beers. This bumped up Delta’s…
TAPIWA CHIRUME STANBIC Bank Zimbabwe has doubled its financial support to CURE Children’s Hospital to US$50 000, funding operations for 30 children living with disabilities. This move will enable 30 children with correctable disabilities that include bowed legs, knock knees, clubfoot, brittle bone disease, Weinsperger syndrome, acute trauma, burns, and contractures to undergo life-changing operations.…
Tapiwa Chirume OLD Mutual Zimbabwe, through its Eight2Five Hub, and DHL are running the GoTrade Programme to equip local small businesses with essential skills to enter global markets. This is the second edition of the programme which brings together entrepreneurs from across Zimbabwe through a blend of online and in-person learning sessions hosted in Harare…
THE Global Development Initiative (GDI) marked its fifth anniversary as China, the United Nations and developing countries pledged stronger cooperation and innovation to advance the UN Sustainable Development Goals (SDGs)…
Kudzanai Gerede Companies and Markets Editor LOCAL companies are coming under mounting pressure as rising operating costs squeeze profit margins, constrain cash flows and threaten growth. Several listed companies recently reported that rising input, energy, fuel, freight and financing costs were eroding profitability and limiting their ability to improve capacity utilisation. The cost pressures come…
MEGA Market has stepped up efforts to acquire 100 percent shareholding in Lobels Holdings as it seeks to expand its fast-moving consumer goods portfolio. This comes as the Competition and Tariff Commission (CTC) announced that it had launched formal investigations into the transaction. The Commission said the probe, conducted under Section 28 of the Competition…
OLD Mutual Life Assurance Company is targeting a US$46,2 million private placement to fund the development of its Old Mutual Development REIT, anchored by the 47-hectare Grange Lifestyle Estate in Harare. The US dollar-denominated REIT is eyeing a Victoria Falls Stock Exchange listing in the fourth quarter of 2026, with subscriptions expected to open in…
CALEDONIA Mining Corporation (Caledonia) has uncovered a previously unrecognised gold zone at its Blanket Mine, with the near-surface mineralisation potentially opening the way for a low-cost heap leaching operation. The discovery, comprising oxide and sulphide mineralisation, emerged from a surface exploration programme launched in 2025 targeting the Banded Iron Formation (BIF) that trends north-northwest through…
WITH China remaining Zimbabwe’s largest source of foreign investment and a key trading partner, attention is shifting from resource extraction to value addition, industrialisation and technology transfer as Harare seeks greater economic returns from the relationship. In this exclusive interview with The Financial Gazette staff writer Almot Maqolo, Zimbabwe’s ambassador to China, Abigail Shonhiwa, says…
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