Unpacking Varun’s US$80 million Dairibord bid
DRINKS maker Varun Beverages (Varun) has emerged as the frontrunner for a controlling stake in Dairibord Holdings Limited (Dairibord), as it seeks to close the gap on Asian competitor Export…
DRINKS maker Varun Beverages (Varun) has emerged as the frontrunner for a controlling stake in Dairibord Holdings Limited (Dairibord), as it seeks to close the gap on Asian competitor Export…
FIRST Capital Bank (FCB) has rolled out its 2026 Strategic Client Road Show, a nationwide stakeholder engagement initiative designed to translate its “Customer First” strategy into direct community action. The 18-day flagship programme sees the financial institution’s senior leadership travelling across 13 cities to engage clients, business partners, and community leaders. Combining executive visibility, media…
SANDAWANA Lithium Mine has declared a 39,9 million-tonne JORC-certified resource with 72 percent measured confidence, positioning Zimbabwe’s project among the world’s most bankable emerging lithium deposits. Mutapa Energy Resources says the maiden Joint Ore Reserves Committee (JORC)-compliant resource estimate marks a major geological milestone for Zimbabwe’s mining sector, providing independent confirmation of the quality and…
Prisca Tshuma and Mishma Chakanyuka THE forced return of multitudes of Zimbabweans, who are fleeing afrophobic attacks in South Africa, will severely strain the government’s coffers, economic experts have warned. In addition, they say the streams of returnees will also result in the depletion of vital diaspora remittances, which serve as a key financial life…
News Editor THE Tobacco Industry and Marketing Board (TIMB) is urging farmers to diversify into other commercial enterprises after a tobacco marketing season that fell short of expectations, arguing that relying on a single crop exposes growers to mounting market and climate risks. This comes as this year’s marketing season winds down with tobacco sales…
GRAIN deliveries to the Grain Marketing Board have surged 139 percent this year, driven by increased output and contributions from the Agricultural and Rural Development Authority, the latest official figures show. Speaking during a post-cabinet meeting this week, Information minister Zhemu Soda said strategic grain stocks held by the parastatal stood at 227 338 metric…
Kudzanai Gerede Companies and Markets Editor THE government has begun preparing for negotiations with China to extend a two-year zero-tariff trade arrangement covering Zimbabwean exports beyond its April 30, 2028, expiry. Information minister Zhemu Soda this week Tuesday told journalists in a post-Cabinet briefing that the government had already initiated internal processes ahead of talks…
ZIMBABWE’S government is increasingly relying on consumption tax after Value Added Tax (VAT) brought in ZiG19,3 billion in the first quarter of 2026, up 52,6 percent from ZiG12,7 billion a year earlier. VAT accounted for 29,9 percent of total government revenue, up from 24,9 percent the previous quarter. No other tax head comes close. VAT…
THE inaugural Zimbabwe Future Capital Forum (ZFCF) is set to take place in Harare next month with the aim of connecting investors, banks and asset managers with bankable projects. ZFCF will run alongside the sixth ZimReal Property Investment Forum on August 26. The event is expected to attract more than 400 delegates from over 100…
ZIMBABWE’S economy could expand faster than previously projected this year, supported by easing inflation, a strong mining sector and continued economic reforms, the World Bank has said. World Bank country…
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