INNSCOR Africa (Innscor) says it invested US$35,849 million into capital projects for expansion of key subsidiaries during the six months to December 31, 2024 driven by increased cash flow generation from its operations.The Victoria Falls Stock Exchange (VFEX)-listed manufacturer of consumer staples is a significantly efficient cash generative operation, with cash flow from operating activities…
THE late onset of the summer rains adversely affected TSL Limited (TSL)’s agricultural unit Agricura, resulting in the group’s topline suffering a nine percent decrease during the first quarter ended January 31, 2025, the company has said.In its trading update for the quarter, Agricura’s revenue was eight percent below the prior year owing to depressed…
AFRICAN Sun is set to hand over the Great Zimbabwe Hotel to KEFMEG Investments on April 1, 2025, completing the ownership change transition following a US$4,2 million deal reported last month.African Sun is strategically disposing of assets, including Monomotapa Hotel in Harare, to raise capital and improve its primary portfolio, as part of a value-unlocking…
BRICK-making concern, Willdale Limited (Willdale), posted a seven percent decline in sales volumes for the full year ended December 31, 2024, as operational inefficiencies continue to hamper output.The Zimbabwe Stock Exchange (ZSE)-listed firm, in its 2024 annual report, said volume performance was hindered by working capital shortages, which was affected by the group’s strategic change…
MOST great economies in the world have benefited from entrepreneurship and informal businesses that have managed to transition and graduate to become big corporations. Zimbabwe has not been an exception when it comes to a rapid growth of the informal sector.The informal sector in Zimbabwe continues to play a very important role in terms of…
By Mohamed Jassat ZIMBABWE’S forests are among the country’s most treasured national assets, home to breathtaking biodiversity and a vital resource for millions of people.However, the alarming rate of deforestation threatens not only the beauty of these forests but also the economic, social, and environmental well-being of the nation. As chairman of the Forestry Commission,…
IN Zimbabwe’s insurance sector, much attention is given to short-term and life insurance businesses, which dominate industry discussions. However, a silent revolution is underway in microinsurance, a sector poised for exponential growth if the economy maintains its current trajectory.With regulatory authorities such as the Insurance and Pensions Commission (IPEC) pushing for financial inclusion, microinsurance has…
MONEY transfer service provider, Mukuru says it has expanded its branch network to 250 in Zimbabwe from just five in 2016, as it continues to cement its position as a key player in the country’s remittance sector.Mukuru chief executive, Doug Tait-Knight, said the financial services company’s offerings have expanded to include international aid, payroll, and…
Innscor Africa (Innscor)’s agriculture division, PHI is looking to contract 6 400 hectares for winter wheat production in a bold move aimed at bolstering its supply chain and ensuring its processing facilities are well-equipped with high-quality raw materials.PHI is responsible for co-ordinating and funding the contract farming efforts on behalf of the group, which includes…
THE Raregold Group, in collaboration with the Ministry of Agriculture, will be hosting the inaugural Raregold Agricultural Expo aimed at empowering the country’s small-scale farmers.The expo, also held in collaboration with the Divine Active Mentorship Group, is scheduled for April 4-5, 2025, at the Raregold Farm and Hospitality in Glen Forest, Harare.The expo is dedicated…
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