MEIKLES’ diesel consumption increased by 20 percent to 3,75 million litres in 2025, from 3,12 million litres in 2024, owing to persistent power outages, which necessitated increased use of diesel-powered generators. The growth in diesel consumption means additional operating costs for the retailer, which also requires huge volumes for its delivery vehicles operating across the…
NET interest income from lending activities supported FBC Holdings (FBC) in maintaining profitability during the third quarter ending September 30, 2025, even as total income declined by 39 percent to ZiG2,8 billion from ZiG4,6 billion in the same period last year. The bank capitalised on strong credit demand in the economy to boost its loan…
AFRICAN Sun posted a four percentage points decrease in occupancy to 64 percent during the third quarter ended September 30, 2025 attributed to reduced spending by non-governmental organisations (NGOs) and the government. Traditionally, both the government and the NGO sector have been major contributors to the local hospitality industry by hosting and sponsoring strategic workshops…
FIRST Mutual Properties (FMP) successfully offset a decline in occupancy levels across its property portfolio through improved US dollar revenue and rental collection rates during the nine months to September 30, 2025. US Dollar-denominated revenue contributed 86 percent of total income, from 76 percent comparable period last year, reflecting the trend across the broader economy.…
OK ZIMBABWE (OK) says its US$30,5 million turnaround effort has been impacted by limited liquidity and prolonged delays in asset disposals. In a market update, the retailer said that from its turnaround plan, the rights offer was successful and raised US$20 million. The group said an additional capital raise plan of US$10,5 million through the…
BRITISH American Tobacco Zimbabwe (BAT) says operating costs eased by up to 66 percent to US$10 million during the nine months ended September 30, 2025, on the back of robust cost containment measures and a stable operating environment. The inflationary tide cooled off this year as a result of a stable exchange rate, as the…
By Faith Chingoiro IN today’s digital age, data analytics has become an essential component of effective social media marketing. By leveraging the vast amounts of data generated through interactions, trends, and user behaviours on social platforms, brands can tailor their marketing strategies to be more targeted, personalised, and impactful. However, with great power comes great…
ZECO Holdings’ revenue for the third quarter to September 30, 2025 grew 82 percent to ZiG1,715 million from ZiG941 913 previous comparable period driven by a stable currency and good agricultural output. The engineering firm said its performance is usually influenced by the economic climate, which has an impact on operating and production expenses. On…
AFC Insurance has launched hospital and funeral cash plans aimed at supporting informal sector workers and smallholder farmers who often struggle to cope with unexpected shocks. Zimbabwe’s economy is highly informal, with informal businesses accounting for about 60 percent of GDP. The lack of affordable insurance policies and loans has left many informal workers uninsured…
By Godfrey Nyoni ZIMBABWE is moving much deeper into the digital world, with banks, schools, hospitals, and even government departments now depending heavily on online systems to operate. But as the country becomes more digital, it also becomes more vulnerable to cyberattacks. Today’s hackers are no longer just individuals sitting in dark rooms behind laptops;…
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