PADENGA Holdings (Padenga) has this year set aside US$17 million for exploration activities at its subsidiary, Dallaglio Investments, as it moves to commercialise some of its untapped mineral assets. The move comes as mining operations, anchored by Eureka Mine and Pickstone Peerless Mine, now dominate the group’s earnings, contributing 94,4 percent of total revenue, while…
POLICY flip-flops, especially those affecting the key mining sector, are severely hindering business, discouraging investment and undermining Zimbabwe’s economy, experts say.Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts added this week that the policy inconsistencies, often seemingly driven by political considerations,…
ARISTON Holdings (Ariston) says it is intensifying efforts to restore profitability through cost containment, production efficiency and improved pricing strategies. The measures resulted in the agro-industrial firm being able to cut its loss for the year ending September 30, 2025, to US$3,1 million from US$4,3 million prior year. Ariston chairman Michael Bailey in a statement…
LOCAL companies are ramping up massive capital projects supported by stable macroeconomic conditions, deepening capital markets and strong US dollar cash flows. Recent financial statements from companies listed on the Zimbabwe Stock Exchange and the Victoria Falls Stock Exchange (VFEX) show that businesses are prioritising growth through reinvestment. Companies such as Edgars Stores, Tanganda Tea…
ZIMBABWE’S first-ever gold exchange-traded fund (ETF) is set to be listed on the Victoria Falls Stock Exchange (VFEX) on May 8, 2026, offering an opportunity for local investors to gain offshore commodity exposure. The ETF, managed by First Mutual Wealth (FMW), opened its public subscription targeting US$10 million on Wednesday this week and is scheduled…
EXTENDED negotiations over fiscal terms between the government of Zimbabwe and South African platinum miner Tharisa have stalled progress on the development of the Karo Platinum Project along the Great Dyke. Tharisa, which holds a controlling 75 percent stake in Karo Mining Holdings (Karo) – the owner of the Karo Platinum Project – has also…
THE National Railways of Zimbabwe (NRZ) is finalising a revised corporate strategy aimed at improving financial performance and expanding freight capacity, with plans to roll it out next month. NRZ was transferred to the Mutapa Investment Fund, the country’s sovereign wealth fund, in 2024 as part of a government initiative to restructure and revive state-owned…
ZIMRE Holdings (ZimRe) plans to divest from CFI Holdings and unlock value from its approximately 30 percent stake in the agro-industrial firm to grow its insurance business across the African region. ZimRe and the National Social Security Authority (NSSA), through a structured investment vehicle, Stalap Investments, are the largest shareholders in CFI with a roughly…
MUTAPA Investment Fund (MIF) total assets reached US$16,5 billion in 2025, a 10,7 percent increase from US$14,9 billion in 2024, supported by core investments, loans expansion and soaring securities portfolio. In its financial results for the year ended December 31, 2025, the country’s sovereign wealth fund saw funds and reserves grow to US$15,2 billion, demonstrating…
DELTA Corporation (Delta) has officially launched Leopard Extra, a new opaque beer brand, as it moves to expand its product portfolio in response to shifting consumer preferences and intensifying market competition. The launch, held on Friday, marks a significant step in the group’s strategy to strengthen its position in the traditional beer segment, which has…
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