THE government’s swift acknowledgement of growers’ frustrations over subdued tobacco auction prices is both welcome and worth noting. For a crop that remains Zimbabwe’s largest agricultural export earner, sustaining hundreds of thousands of rural households, weak prices strike at the heart of livelihoods, confidence and broader economic stability. Agriculture Minister Anxious Masuka deserves credit for…
GODFREY NYONI WEBSITES have changed significantly over the years. In the early days of the internet, websites were simple digital pages that displayed information with very little interaction. Today, websites…
FIRST Mutual Properties (FMP) is set to delist from the Zimbabwe Stock Exchange (ZSE) in July 2026 following a cash buyout offer from its majority shareholder, First Mutual Holdings (FMH). The proposed transaction involves an offer to acquire up to 360,944,355 ordinary shares, representing approximately 29,2 percent of the company’s issued share capital held by…
Bothwell P. Nyajeka LAST week I attended an event in Salima, on the shores of Lake Malawi, where one of the speakers reflected on the concept of entropy. In simple…
INCREASED uptake of locally produced goods and stronger support for domestic manufacturers are critical in protecting Zimbabwe from global economic shocks, according to the Ministry of Industry. This comes as there have been supply chain disruptions triggered by the Russia-Ukraine conflict, which affected access to raw materials. More recently, tensions between Iran and Israel have…
THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says it is on track to meet and potentially exceed its annual revenue projection of US$3,5 billion following a record performance in the first quarter of 2026. Data released by the MMCZ shows that total mineral sales for the first three months reached 1,288,761 metric tonnes, generating a…
DELTA Corporation’s revenue reached US$1,09 billion for the year ended March 31, 2026, a 35 percent increase over the prior year, driven by strong volume growth, improved product and pricing mix. The beverage manufacturer said the proportion of domestic sales denominated in foreign currency was 94 percent for the full year, an increase from 80…
GENERAL Beltings (GB) Holdings says Zimbabwe’s projected six percent economic growth will drive demand in key sectors but cautioned that regional competition brought by the African Continental Free Trade Area (AfCFTA) will intensify pressure on local firms. AfCFTA, which commenced trading on January 1, 2021, created a market of about 1,2 billion people and established…
CAFCA says a US$1 million solar plant commissioned at its factory last month will cut electricity costs by 30 percent, helping the company improve competitiveness against rising imports. The solar system, which produces 1MW on the Alternative Current side and peaks at 1,16MW, forms part of the company’s strategy to reduce production costs and cushion…
OLD Mutual Zimbabwe Limited (OMZIL) is seeking shareholder approval to convert an US$84,3 million debt owed to subsidiaries into preference shares as it aims to ease cash flow pressure and clean up its balance sheet. Under the proposal to be decided at an annual general meeting stated for May 27, OMZIL will issue the new…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More