OK Zimbabwe cuts payroll in rescue plan

RETAIL giant OK Zimbabwe has suspended employee salaries and wages with immediate effect as part of measures to stabilise the struggling business, which is currently under corporate rescue. According to a resolution of the company’s Joint Works Council dated 22 May 2026, management and workers agreed to halt payroll payments while efforts are underway to…

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Building board resilience

Bothwell P. Nyajeka WHEN discussions about corpo­rate resilience arise, the focus is often placed on manage­ment and executive teams. The assump­tion is that resilient companies are built primarily through strong…

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ZMX battles tight commodity stocks

THE Zimbabwe Mercantile Exchange (ZMX) is bat­tling worsening commod­ity supply shortages, with demand outstripping available stocks across key agricultural products, triggering pricing pres­sures and weakened agro-indus­trial supply chains. According to the ZMX latest trading bulletin, the exchange re­ported severe supply imbalances in maize, wheat and soya beans as buyers struggled to secure ad­equate volumes from…

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Glovers 10MW solar plant commissioned

PRESIDENT Emmerson Mnangagwa has commissioned the Glovers 10MW Solar Power Plant in Munyati, Kwekwe, marking a major milestone in the country’s renewable energy drive, investment attraction and industrialisation agenda. The project, developed by indigenous independent power producer Glovers Solar in partnership with the Public Service Commission (PSC) pension fund, is among the first renewable energy…

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FBC upbeat on economic stability

FBC Holdings (FBC) says the country’s improving eco­nomic environment is creating growth opportunities for stronger lending, higher deposits and increased confi­dence in the financial services sector. This comes as the banking sector continues to benefit from easing inflationary pressures, improved exchange rate stability and recent reductions in banking and digital transaction charges aimed at lowering…

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