TELECOMMUNICATIONS giant Econet Wireless Zimbabwe says it has completed its core network expansion for voice and data services, a move expected to improve the quality of service for users. This comes after its continued investment in base stations and sites, particularly in rural areas. In its trading update for the third quarter ended November 30,…
DELTA Corporation (Delta) says it ceded US$315,2 million in various taxes to the Treasury in 2025, up 24,7 percent from prior year’s US$252,8 million driven by value added tax (VAT) and excise growth. The tax contribution was a result of volume recovery, pricing strategies, and improved operational efficiencies thanks to recent investments in capacity expansion,…
By Leonita Mhishi IN the heart of Zimbabwe’s economic rebirth, one debate has steadily risen above the clang of commerce and the hum of domestic debate — where should we invest in property: in our bustling urban centres or in the silent promise of the rural horizon? This isn’t merely a technical question for accountants…
AXIA Corporation (Axia) plans to open more than a dozen new stores across its operating units as it continues to strengthen market presence and enhance customer access. The expansion comes as the home furniture and appliances distributor seeks to tap into rising consumer demand. Axia chief executive Ray Rambanapasi told The Financial Gazette that the…
ZIMBABWE has stepped up its bid to attract capital after pitching lithium opportunities at the World Economic Forum (WEF) currently underway in Davos, Switzerland. Finance Minister Mthuli Ncube, who is at the summit, told global leaders and business executives that Zimbabwe had put in place strong measures to support investments in critical minerals. “We have seen the…
INNSCOR Africa (Innscor) says it may consider another round of unbundling in the medium to long term should the group once again become too large to manage effectively. Innscor has previously spun off entities such as Simbisa Brands, Axia Corporation and Padenga Holdings. The group operates a large portfolio of subsidiary companies across various sectors…
GOLD producer, Caledonia Mining Corporation (Caledonia) is planning to increase its sustaining capital expenditure by US$11 million to implement a long-term solution to the recurring power challenges at Blanket Mine. The group’s total capital expenditure for 2026 is projected at US$162,5 million, focusing on exploration and development of other mining assets. According to the group,…
INDUSTRY has called for an intensification of regulatory reforms to help the manufacturing sector escape a ‘conditional steady state’ that has left nearly half of Zimbabwe’s industrial capacity idle. Despite a recovery from 2018 levels, the Confederation of Zimbabwe Industries (CZI) says unutilised capacity in the manufacturing sector has averaged 45 percent over the last…
AMALGAMATED Regional Trading (ART) Holdings is strategically repositioning the retail footprint of its energy storage unit, Chloride Zimbabwe, by transitioning from reliance on franchised outlets to establishing more company-owned shops. This shift aims to enhance market control, improve customer experience, and drive sustainable growth amidst evolving industry dynamics. The move reflects the company’s commitment to…
ZIMBABWE’s annual milk production has grown by an average of about 10 percent over the past six years, supported by policy reforms, rising private sector investment and improved efficiencies across the dairy value chain. Production data from 2020 to 2025 show that national milk output rose by 59 percent to 121,84 million litres from 76,69…
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