Fuel quality worries ZERA

THE Zimbabwe Energy Regulatory Authority (ZERA) has raised concerns about an increase in fuel contamination cases, particularly involving smuggled methanol and illegal ethanol blending.The industry regulator also highlighted seasonal challenges in ethanol supply, which have led to temporary adjustments in the country’s fuel blending policy.ZERA chief executive, Edington Mazambani, told The Financial Gazette this is…

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Myriad issues hobble mining

THE significant potential of Zimbabwe’s key mining sector is being hampered by continuing power issues, high operating costs, limited access to capital and suboptimal government policies.So noted industry leaders during last week’s well-attended annual conference of the Chamber of Mines of Zimbabwe (CoMZ) in Victoria Falls, amid surging gold prices — which the country is…

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Simbisa banks on menu innovation…as customer counts tumble

SIMBISA Brands (Simbisa) plans to make more innovative twists to its menu as part of efforts to cut costs and revamp diminishing customer counts across its expansive store footprint.The group wants to introduce more value meals that offer affordable fast food options that often include a main item, sides, or a drink.During the third quarter…

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Ecocash shareholders to vote on name change

SHAREHOLDERS of Ecocash Holdings Zimbabwe are set to vote on the proposed name change to TN CyberTech Investments Holdings through a virtual extra-ordinary general meeting slated for June 13, 2025.This follows a scheme of reconstruction whereby all the financial technology businesses were transferred from EcoCash Holdings Zimbabwe to Econet Wireless Zimbabwe.EcoCash Holdings remained with Steward…

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FinGaz partners with China Daily

THE country’s number one business publication and prime voice for industry and commerce, The Financial Gazette, is teaming up with China’s top English language newspaper, China Daily.From Thursday next week…

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‘Expensive’ energy dampens winter wheat prospects

AS THE winter wheat season begins, private contractors have highlighted a significant electricity price discrepancy between the government’s agricultural rate and a higher charge from the Zimbabwe Electricity Distribution and Transmission Company (ZETDC).The government set the electricity price for agricultural use at 9 US cents per kilowatt-hour. However, the ZETDC is charging 12 US cents…

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Tours charge RTG revenue

RAINBOW Tourism Group (RTG) tour operations unit, Heritage Expeditions Africa (HExA) reported a 20 percent growth in revenues and activities during the first quarter ended March 31, 2025 driven by rising demand for tours across the country.Launched in 2018, HExA has witnessed steady growth, significantly contributing to group revenue, while enabling RTG to spread its…

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Axia ‘cautiously optimistic’ after mixed earnings

AXIA Corporation (Axia) remains ‘cautiously optimistic’ about the remainder of the year despite a challenging third quarter to March 31, 2025 that was characterised by foreign currency challenges in key operating markets.The Victoria Falls Stocks Exchange (VFEX)-listed retailer reported mixed quarterly performances across its subsidiaries, with its bedding and automotive divisions posting stable growth while…

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