RAINBOW Tourism Group (RTG)’s room inventory increased by 10 percent to 979 rooms for the year ended December 31, 2025, up from 879 rooms in the prior year, driven by new hotel acquisitions that support its growth strategy. During the year, the group spent US$13,4 million towards the acquisition of new business entities, namely Montclair…
SHAREHOLDERS of CFI Holdings (CFI) have raised concern over the prolonged use of acting roles, which has seen some senior managers holding interim positions for as long as nine years. The concerns were raised at the group’s annual general meeting last week Thursday, where investors questioned the continued lack of substantive appointments in key leadership…
AFRICAN Century posted a profit after tax of ZiG86,5 million during the year ended December 31, 2025, from ZiG21,3 million the previous year, driven by robust growth in lending activities and fee-based income. The microbank’s loan book increased by 93 percent to ZiG404,5 million in 2025 from ZiG209,6 million the previous year, driven by improved…
AMALGAMATED Regional Trading (ART) has raised about US$1 million in just over a year from non-core asset disposals earmarked for settling legacy obligations, its chief executive Milton Macheka has said. The disposals, which began at the beginning of the 2025 financial year and are still underway, form part of a broader capital-raising and retooling strategy…
BANCABC reported a 48,9 percent year-on-year increase in loan book to ZiG2,2 billion for the year ended December 31, 2025, from ZiG1,5 billion in the prior year, driven by increased credit demand across all sectors of the economy. The bank benefited from robust deposit growth and stable funding sources. Net interest income after credit loss…
ZIMBABWE risks squandering its potential to become an industrial powerhouse due to a persistent disconnect between the country’s universities and its ageing industrial sector, an official said. The concerns were raised during a conference focused on boosting local procurement and manufacturing. Speaker of Parliament Jacob Mudenda highlighted policymakers’ concern over a disconnect between education and…
ZIMBABWE’s diamonds have earned a high-level quality endorsement from the Dubai Multi Commodities Centre following the successful shipment of more than 500 000 carats of precious stones to the United…
THE minister of Agriculture, Anxious Masuka, says the government owes farmers over US$4 million, and plans are underway to settle the debt. Addressing a post-Cabinet media briefing in Harare on Tuesday night, Masuka said his ministry was expecting to receive the funds from the Treasury. “As owed to farmers, being the ZiG90 million and US$4,1…
By Simbarashe Hamudi THE Zimbabwe Revenue Authority (Zimra) has continued to sharpen its focus on how businesses report cross-border dealings and related-party transactions, underscoring the central role of transfer pricing…
BRICKMAKER Willdale reduced its local procurement by 6,5 percent in 2025 as it adopted green purchasing practices aimed at lowering the environmental impact of its supply chain. The company spent US$2,07 million on 149 local suppliers in 2025, down from US$2,2 million on 595 suppliers in 2024, reflecting a deliberate shift toward fewer, sustainability-compliant partners.…
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