Edgars’ sales recover

CLOTHING retailer, Edgars Stores, recorded a rebound in sales and revenue for the half year ended June 30, 2025, driven by stronger consumer spending power. This recovery came on the back of a stable local currency, a strong agricultural season, firm global mineral prices and higher diaspora remittances, which boosted liquidity in the economy. “The…

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Unit 8 out, power crisis deepens

POWER utility Zesa has announced that Unit 8 of Hwange Thermal Power Station, which generates 335 megawatts (MW), has been taken off the grid for statutory maintenance, further compromising the country’s electricity supply. The planned outage, which began on Monday, will last 10 days. Figures from Zesa subsidiary, the Zimbabwe Power Company (ZPC), yesterday showed…

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IMF lauds Zimbabwe’s economic reforms

THE International Monetary Fund (IMF) has lauded the country for implementing sound economic reforms that have resulted in relative stability of prices of basic goods and the foreign currency exchange rate. This comes as the government continues to engage with the IMF in crucial discussions that could lead to Harare securing another Staff-Monitored Programme (SMP)…

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‘Property a safe hedge against inflation’

Tariro TumbukayiStaff Writer ZIMBABWE’s property market has remained a haven for investors amid exchange rate volatility, soaring inflation and an unstable policy environment that has undermined traditional assets, a new study shows.According to a report by First Mutual Wealth (FMW), listed equity markets have struggled with weak liquidity and remain highly volatile, a situation that…

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GMB transition to grain storage hub

DESPITE the liberalisation of grain selling in the country, the Grain Marketing Board (GMB) is transitioning to become a national warehouse, offering storage services to private sector players who can then collect their grain from any depot across the country. This strategic shift is aimed at curbing significant post-harvest losses incurred by farmers. Losses are…

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‘Invest in climate-smart farming’

THE Zimbabwe National Statistics Agency (Zimstat) has called on the government to incentivise private sector investment in climate-smart agriculture to strengthen the country’s food security.According to the 2024-25 post-harvest survey, Zimbabwe produced 2,2 million metric tonnes of cereals.This comprised 1,8 million metric tonnes of maize, 288 344 metric tonnes of sorghum, 111 399 metric tonnes…

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Hilmax Engineering: Rebuilding confidence, driving growth

Hilmax Engineering is charting a strong recovery through renewed supplier partnerships, workforce motivation, and strategic investments. Our Group Features Editor Beaven Dhliwayo (BD) spoke to Managing Director Shephard Kembo (SK) about the company’s transformation, operational milestones, and vision for sustainable growth in Zimbabwe’s engineering sector. BD: Hilmax Engineering has demonstrated remarkable operational progress. What would…

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