THE National Social Security Authority (NSSA) is confident that its 8,5 percent stake in Dairibord, acquired from the Equivest Asset Management consortium, will generate positive returns and strengthen its capacity to meet pension obligations. The acquisition of 30 434 783 shares representing 8,5 percent of Dairibord’s 358 000 858 issued shares valued at just above…
VARUN Beverages (Varun) says it has increased its monthly production capacity in Zimbabwe twelvefold to 120 million bottles as demand continues to outstrip supply. The Indian beverage group entered Zimbabwe in 2018 with a single production line but has since expanded its operations to 11 production lines, with two more planned as it seeks to…
MUTAPA Energy Resources (MER) is racing against time to establish lithium processing capacity at Sandawana Mines ahead of the December deadline for ending raw concentrate exports. The State-owned miner is…
THE Zimbabwe Stock Exchange (ZSE) is enduring one of its worst years in recent history, with a renewed wave of company delistings, particularly in the second half of 2026, dealing a major blow to the exchange’s market breadth and efforts to attract new listings. Since the beginning of the year, close to a dozen counters…
AFRICA’S economic recovery is facing mounting pressure from rising debt-servicing costs, geopolitical uncertainty and climate shocks, the World Bank has said. In its latest Africa Economic Update for October 2026, the World Bank warned that governments across the region have limited fiscal room to absorb further economic disruptions. It projected economic growth in Sub-Saharan Africa…
INVESTORS should “selectively” buy shares of counters with strong cash generation and resilient operations amid an anticipated economic slowdown next year, investment analyst FBC Securities has said. The securities dealing firm further called for caution despite the ongoing broader market rally, which has seen the ZSE All Share Index rise 13 percent during the third…
RIOZIM shareholders have unanimously approved the proposed disposal of Renco Mine for at least US$35 million paving the way for the transaction aimed at reducing the miner’s debt burden and stabilising its remaining operations. At an extraordinary general meeting held virtually last week Wednesday, shareholders voted 100 percent in favour of the disposal of the…
GREEN Dollar Stablecoin (GDC) has asked the Zimbabwe Revenue Authority (Zimra) to consider accepting its digital currency for certain taxes and customs duties. GDC finance manager Margaret Mwanakatwe said the company, working with Africa Investors Hub, has asked Zimra to “explore the potential acceptance of Green Dollar Coin as a digital payment option for eligible…
NAMIB Minerals (Namib) has brought its expanded milling plant at How Mine near Bulawayo to full capacity, almost two months ahead of schedule, lifting monthly processing volume by 36 percent. The Nasdaq-listed miner with several resource assets in Zimbabwe expects the development to ease production constraints and improve operating efficiency as the plant now processes…
ZIMBABWE’s economy faces a stern test in the coming year as climate risks, expensive credit and rising production costs threaten to erode macroeconomic gains achieved in recent years, analysts say. In its third-quarter 2026 Economic and Capital Markets Report, investment research firm FBC Securities said that the economy’s improving macroeconomic conditions are yet to translate…
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