VICTORIA Foods anticipates a robust recovery supported by improved harvests expected this year and new operational strategies to offset steep earnings decline that has rocked the food processor recently. Following a 26 percent operational decline during the year ended September 30, 2025, due to a debilitating drought, the outlook for this year looks promising, thanks…
INNSCOR Africa (Innscor) consumed approximately 10 million litres of diesel during the year ended June 30, 2025 (FY2025), with generator use rising by 66 percent as power outages across the country intensified. Critically, the rise in generator diesel consumption suggests persistent or worsening dependence on backup power, resulting in additional cost buildup for the group.…
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…
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…
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…
THE Investor Hosting Centre (IHC) is positioning Zimbabwe as a regional hub for bankable investment projects, aiming to attract capital from across Africa and beyond. The centre is rolling out a regional model that links Zimbabwean projects with investors across SADC and the wider continent. Through this approach, IHC supports project preparation and investor engagement…
THE country’s equity market recovery is increasingly dependent on new listings at the Victoria Falls Stock Exchange (VFEX), rather than migrations from the Zimbabwe Stock Exchange (ZSE), as tight monetary policy and structural constraints continue to limit overall market appeal, First Mutual Wealth (FMW) has said. This development would mark a strategic shift by issuers…
HOTELS in Victoria Falls recorded stable accommodation occupancy levels over the festive period, although visitor numbers fell below those recorded during the same period last year. The peak festive season runs from 22 December to 2 January and has historically relied heavily on domestic travellers, particularly around Christmas time. Hospitality Association of Zimbabwe (HAZ) Matabeleland…
THE country’s record gold haul in 2025 has raised business hopes for more sustained macroeconomic and ZiG stability going forward. Economic experts who spoke to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — said this week that both the continuing high global prices for the…
NMB Bank (NMB) says it is in discussions with local insurance firms to develop a credit insurance guarantee aimed at improving farmers’ access to finance. The move follows persistent collateral challenges, which continue to hinder lending to farmers. NMB Bank divisional executive Erasmus Bhunu confirmed that the bank is working with three insurers to develop…
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