Tight liquidity drags Masimba project execution

MASIMBA Holdings says low levels of liquidity in the market adversely impacted its capacity to execute projects during the financial year ended December 31, 2024. The government has been keeping a hawkish eye on local currency supply, the ZiG, into the market in an attempt to manage the exchange rate and stabilise inflation. However, the…

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Old Mutual grows funeral services branch network

OLD Mutual Life Assurance Company Zimbabwe (OMLAC) is in the process of expanding the branch network for its funeral services division nationwide in an effort to improve access to customers and grow market share. OMLAC, a subsidiary of Old Mutual Zimbabwe, launched the fully-fledged funeral service in 2022 and has steadily grown its market presence…

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ZITF exhibitor surged to leverage business linkages

ORGANISERS of the Zimbabwe International Trade Fair (ZITF) have implored exhibitors to take advantage of the upcoming fair to enhance business linkages in a bid to boost business opportunities. This year’s annual event will take place between April 21 and 26 at the ZITF showgrounds in Bulawayo. Speaking at a training for ZITF exhibitors at…

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Zimplow optimistic about future profitability

ZIMPLOW says its rationalisation at Mealie Brand and TrenTyre is expected to bring the business units back to profitability, translating to increased group earnings. The Victoria Falls Stock Exchange-listed group embarked on a cost containment drive to preserve cash flows, which included a group-wide staff rationalisation exercise, closure of non-performing branches and branch consolidation at…

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Zimbabwe’s growth expected to outpace regional peers

ZIMBABWE will maintain robust economic growth between 2026 and 2030, averaging 4,5 percent annually, according to research firm Fitch Solutions.This aligns closely with Africa’s regional average of four percent, positioning Zimbabwe as a growth leader in southern Africa.The head of Operational Risk and South Africa Research at BMI, Chiedza Madzima, shared these projections while noting…

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