WESTPROP Holdings (WestProp) recorded a 31,7 percent increase in revenue to US$5,60 million during the third quarter ended September 30, 2025, driven by robust sales at Pomona City and Seatrite residential projects. During the period under review, Pokugara’s contribution to group revenue decreased significantly from US$1,25 million to US$0,31 million. This decline is attributed to…
NATIONAL Tyre Services (NTS) anticipates resuming direct procurement of budget tyre brands from China and implementing strategic cost reductions to restore the company’s profitability by the end of next year. Last year, the group announced it had restarted sourcing budget tyres from China in response to increasing competition from informal players, which was eroding its…
GENERAL Beltings Holdings (GB) is projecting a robust full year profit supported by a strong order book in the second half of the year, mainly from the construction and mining sectors. The Zimbabwe Stock Exchange (ZSE)-listed rubber and chemicals manufacturer, in its financial results for the six months to June 30, 2025 doubled operating profit to…
ZIMBABWE’s micro, small and medium enterprises (MSME) sector is structurally fragile, hindered by limited access to finance and external markets as well as over-reliance on imports, the inaugural State of the MSME Sector Report shows. According to the report, Zimbabwe’s emerging businesses scored a composite index of 49,6 percent, reflecting a sector still ‘developing.’ The…
THE Omniscient Predictor: Enabler or Intruder?“The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is…
THE government is calling for increased private bank investment into agriculture, the nation’s economic backbone, while scaling up finance schemes to mitigate lending risks. Speaking at the launch of the…
TANGANDA Tea Company (Tanganda) is set to dispose of non-core assets with a cumulative value of US$4,5 million as it seeks to improve the quality of its portfolio while eyeing significant investments to bolster operations. The group is also considering a bridging facility of US$2,5 million, already at ‘advanced stages’ of review by the relevant…
THE Victoria Falls International Airport is set to welcome a new air link as Air Tanzania launches its route connecting Dar es Salaam, Tanzania, to Zimbabwe’s iconic Victoria Falls, starting today. The service, dubbed The Wings of Kilimanjaro, will continue on to Cape Town, offering seamless multi-destination travel across Southern and East Africa. The Airports…
The R&A is moving The Open championship in 2028 to avoid clashing with the Los Angeles Olympics golf tournament. With the Olympic golfing medals being decided between 19-29 July, the…
A human rights organisation has accused FIFA president Gianni Infantino of breaching his organisation’s rules over his public support for Donald Trump and a peace prize awarded to the U.S.…
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