BAT in market expansion push

TOBACCO processor British American Tobacco (BAT) plans to strengthen distributor-partnerships to reach under-served peri-urban and rural areas as it seeks to regain shrinking market-share.The ZSE-listed firm has endured a notable decline in volumes over the past few years owing to route-to-market challenges and the growing competition from smuggled cigarette brands.“By adapting to changing market dynamics,…

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Innscor investments pay off

INNSCOR Africa (Innscor) was able to maintain a strong volume performance across core manufacturing operations during the nine months to March 31, 2025 as recent investments in capacity expansion paid off.In its third quarter trading update, the diversified industrial conglomerate, said most of the expansion initiatives it invested in the past few years are now…

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Stanbic reaffirms commitment to mining sector financing

STANBIC Bank Zimbabwe has reaffirmed its commitment to supporting Zimbabwe’s power supply needs by offering sustainable financing solutions for renewable energy projects, particularly in support of the mining sector, which remains central to the country’s economic transformation.Speaking at the annual Chamber of Mines president’s dinner, Stanbic Bank chief executive, Solomon Nyanhongo, stated that the bank,…

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‘Slight increase in poverty line recorded’

THE total consumption poverty line (TCPL) for one person rose to ZiG1 279,69 this month compared to ZiG1 263,41 in April, the Zimbabwe National Statistics Agency (Zimstat) has announced. According to Zimstat, if an individual does not consume more than the TCPL, he or she is deemed poor. The latest figures show that a family…

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Unifreight turnover to hit US$32 million in 2025

UNIFREIGHT Africa expects turnover to reach US$32 million this year from US$24 million in 2024 riding on ‘robust’ demand and the success of recent strategic initiatives.The transport and logistics group was encouraged by a strong volume performance during the first quarter to March 31, 2025 which yielded a 30 percent improvement in total revenue.“The volume…

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