PFUMA Real Estate Investment Trust (REIT) commenced trading on the Victoria Falls Stock Exchange (VFEX) this week, Monday, emerging 40 percent stronger by the close of the session as investor sentiment towards property-backed stocks is being reaffirmed. With an opening price of 10 US cents, Pfuma REIT closed its inaugural trading session at 14 US…
ECONET Wireless Zimbabwe (Econet) has appointed Fayaz King as the chief executive of its new infrastructure arm, Econet InfraCo, effective March 1, 2026. King previously served as Econet’s chief operating officer before joining UNICEF as Assistant Secretary-General in 2019. Econet InfraCo, set to list on the Victoria Falls Stock Exchange, is positioned to become Zimbabwe’s…
THE Zimbabwe Investment and Development Agency (Zida)’s single-window service platform will be fully operational by the beginning of the third quarter this year, an official has said. The service aims to further streamline investment processes by allowing investors to register simultaneously with multiple government entities. In an interview with The Financial Gazette, Zida chief executive Tafadzwa…
THE International Monetary Fund’s recent staff-level agreement with Zimbabwe on a 10-month Staff-Monitored Programme (SMP) is a genuinely positive development worth applauding. Coming after years of economic instability, hyperinflation and…
By Simbarashe Hamudi THE taxation landscape is witnessing a notable transformation with the introduction of regulatory measures specifically aimed at enhancing compliance among proprietors leasing land or premises to presumptive taxpayers. This shift is particularly embodied in the provisions outlined in Part IIIB of the Finance Act, specifically sections 25F to 25J, which establish a…
THE Public Service Pension Fund (PSPF) has made an offer to African Sun for the purchase of Caribbea Bay Resort, its associated timeshare units, hotel assets and goodwill for a total consideration of US$5,65 million. The offer is being subject to approval from African Sun shareholders at an extraordinary meeting slated for March 4, 2026.…
TSL expects to fully wind down its discontinued car rental and farming operations by October this year, following substantial delays in the disposal of certain assets. The move forms part of the agro-industrial group’s strategy to streamline its diverse portfolio and concentrate on core business activities. This aligns with broader efforts to reallocate resources toward…
DELTA Corporation (Delta) is considering upward price adjustments for its sparkling beverages in an effort to preserve waning margins caused by a special surcharge on sugar and increased value added tax (VAT). This comes as fiscal authorities introduced a US$0,001 per gram sugar tax for beverage makers at the beginning of 2024, which was followed…
NAMPAK says worsening power outages in 2025 sparked a marked increase in the group’s alternative energy costs, negatively impacting its cash flows. Grid electricity supply at the group level declined to 17,553 million kilowatt-hours (Kwh) from 20,748 million Kwh in 2024 due to worsening load shedding. The shift to self-power generation has converted a utility…
AFRICAN Distillers (Afdis) posted a 64 percent growth in volumes during the third quarter to December 31, 2025 supported by ongoing government efforts to curb the spread of counterfeit products and smuggling of goods into the market. The government, through the Ministry of Industry and various security agencies, has been coordinating a massive crackdown on…
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