EAGLE REIT says its performance for the first quarter ended March 31, 2026, exceeded expectations on the back of strong residential stand sales, improved gross margins and disciplined cost management. The trust is managed by Eagle Asset Management, a licensed investment manager and subsidiary of Zimre Holdings. In a trading update for the quarter, the…
A NEW direct shipping route between northern China and South Africa is being hailed as a major boost for trade between Asia and Africa, promising faster deliveries, lower logistics costs and stronger economic links across the continent. For Zimbabwe, a landlocked country heavily dependent on regional ports for international commerce, economists and business leaders say…
WESTPROP Holdings’ diversification efforts paid off after more than US$1,3 million in new revenue streams was recorded during the first quarter ended March 31, 2026, offsetting rising real estate costs. The group’s ongoing vertical integration strategy, embarked on two years ago, has significantly reduced reliance on external contractors while building in-house manufacturing and construction capacity.…
AXIA Corporation (Axia) expects to maintain its growth momentum in the fourth quarter ending June 30, 2026, supported by a stable economic environment and strong demand across its business units. The positive outlook follows broad-based growth across the group’s retail and distribution operations during the third quarter ended March 31, 2026. The company said stable…
RIOZIM’s recovery strategy is gaining momentum through strategic funding partnerships and the resumption of mining operations, despite its losses widening to ZiG739,1 million in the year ended December 31, 2025. The diversified miner previously reported a ZiG628,5 million loss. In its full year financial results statement, RioZim chairman Caleb Dengu said the company was in…
PROPLASTICS is intensifying its focus on irrigation and civil engineering projects as the company positions itself to benefit from growing infrastructure and agricultural development opportunities across Zimbabwe and the region. In a trading update for the three months ended March 2026, Proplastics chairman Gregory Sebborn said the company was actively pursuing opportunities in the irrigation…
SMART technologies have boosted production and productivity while creating new opportunities for value addition in rural communities, according to the Agricultural and Rural Development Authority (Arda). The authority increased production by almost a hundred-fold over four years, from just 5 186 tonnes in the 2019-20 season to a cumulative 474 775 metric tonnes in the…
THE Zimbabwe Stock Exchange’s decision to temporarily relax a number of listing requirements is a welcome attempt to address some of the structural challenges facing the local capital market. Measures…
THE Reserve Bank of Zimbabwe (RBZ) has issued a 90-day open-market ZiG500 million instrument to manage liquidity and stabilise the local currency. The ZiG Denominated Term Deposit Facility Bill (ZiGDTDF) is a modern liquidity sterilisation tool introduced under the 2026 Monetary Policy Statement. In a notice, the RBZ said it aimed to “enhance reserve money…
By Jorge Valero, Bloomberg The European Union is at risk of losing more than 1 million jobs this year over the Iran war’s economic fallout and rising global competition, the bloc’s…
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