ZIMBABWE’s economic heartbeat isn’t found in its large, corporate giants but in the vibrant, often informal, world of its small and medium-sized enterprises (SMEs).For too long, policymakers have focused their energy on the big players, yet the reality on the ground is that SMEs form the backbone of the Zimbabwean economy, employing the vast majority…
HIPPO Valley Estates (Hippo Valley) says the surcharge on sugar content in beverages has drastically reduced group sales volumes as manufacturers are reformulating products to cut costs.The sugar tax which came into effect last year is calculated as US$0,001 per gram for ready to drink beverages and US$0,0005 per gram for cordials.As a result, beverage…
BANCABC Zimbabwe (BancABC) has reported a ZiG146,6 million profit after tax during the six months to June 30, 2025, supported by non-interest income, improved customer base and strict cost control.The group managed to overturn the previous year comparable period’s loss position of ZiG331,7 million as more business was generated by growth in digital transactions following…
CFI Holdings (CFI) is cautious about the prevailing tight liquidity conditions within the economy, which is expected to continue in the short to medium term as it significantly slows down consumer purchasing patterns.The diversified agro-industrial concern recently reported a mixed volumes performance across its subsidiaries for the third quarter ended June 30, 2025 as spending…
ZIMBABWE’S cement consumption per capita remains well below that of its regional peers, marking clear signs of untapped potential in the domestic market, PPC Zimbabwe (PPC) has noted.This comes as the country’s economy is expected to grow by six percent this year, making it one of the fastest growing economies in the region, outpacing South…
WILLDALE Limited (Willdale) plans to allocate profits from its lucrative property investments to strengthen its primary operations, which are currently experiencing working capital constraints.The brick manufacturer has previously announced that it was facing severe cash flow challenges due to weak profit margins from reduced selling prices attributed to intensified market competition, particularly in the common…
AMALGAMATED Regional Trading (ART) Corporation recorded a 32 percent decrease in export volumes during the quarter to June 30, 2025, with margins further eroded by the reduction in the foreign currency retention threshold.The group’s overall sales volumes declined by seven percent during the quarter as trading remained subdued.“Turnover for the quarter was US$7,8 million, a…
CAFCA recorded a 14 percent decrease in sales during the quarter ended June 30, 2024 compared to the same period last year.The decline comes as the electrical cable market faces increased competition due to Statutory Instrument 157 of 2024, which opened the market to imports.The major cable manufacturer’s year-to-date revenue was five percent lower than…
AFC Commercial Bank (AFC Bank) has availed a US$9,6 million line of credit facility to support smallholder farmers, rural enterprises and value chain actors across the country under the Smallholder Agriculture Cluster Project (SACP).AFC Bank, a subsidiary of AFC Holdings, was established following the restructuring of Agribank in 2021 and is wholly owned by Mutapa…
MANY small and medium-sized enterprises (SMEs) are increasingly facing the prospect of closing their doors due to the prevailing tough economic conditions. These businesses, which form the backbone of Zimbabwe’s economy, have to contend with ever changing market conditions and high operational costs related to essential resources — leading to persistent viability challenges. Among the…
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