TANGANDA Tea Company (Tanganda) expects increased throughput at its avocado oil extraction plant this year, supported by external supplies, as it moves to valorise waste and diversify its income streams. The diversified agro-industrial group recently entered into a joint venture with Trade Link Global BV of Netherlands in establishing an avocado oil extraction plant at…
NATIONAL Handling Services of Zimbabwe (NHS) is looking to diversify its operations and build new revenue streams to ensure long-term growth. In an interview with The Financial Gazette, NHS chief executive Phillip Rambakudzimbwa said the company plans to move beyond its predominantly ground-handling business, which relies heavily on airlines, and expand into the transport and…
THE National Social Security Authority (NSSA) says it is balancing its investments between preserving value and maintaining liquidity to protect its contributors. The Authority has faced significant challenges in collecting contributions, which have directly undermined its ability to provide inflation-adjusted and sustainable benefits to pensioners. The challenges stem from economic instability, low compliance rates and…
TIGERE Property Fund (Tigere)’s tenant turnover surpassed expectations during the fourth quarter ended December 31, 2025, driven by the newly acquired Greenfield Retail Centre. The fund, which owns Highland Park phase 1 and 2 and Chinamano corner, acquired two more properties late last year, the Greenfields Retail Centre and Phase 1 of the Zimre Park…
CFI Holdings’ agro-processing unit, Victoria Foods, is aiming to regain lost market share by strengthening its distribution strategies following years of operational challenges, the company’s secretary Panganayi Hare has said. Victoria Foods resumed full-scale operations in 2022 after exiting judicial management and has been progressively winning back consumers of its household brands. This, however, comes…
INDUSTRY has urged authorities to review and extend the deadline for submitting indigenisation compliance plans. They cite the need for a consolidated one-stop shop to handle all compliance requirements and submissions. The policy, which requires foreign-owned firms to submit compliance plans to cede up to 75 percent of their shares within three years, targets 14…
SEED Co is intensifying its cash-based sales strategy to boost liquidity, eliminate bad debt and reduce operational overheads, the company’s secretary Faithful Sithole has said. The Zimbabwe Stock Exchange (ZSE)-listed…
THE Zimbabwe Investment and Development Agency (Zida)’s single-window service platform will be fully operational by the beginning of the third quarter this year, an official has said. The service aims to further streamline investment processes by allowing investors to register simultaneously with multiple government entities. In an interview with The Financial Gazette, Zida chief executive Tafadzwa…
DELTA Corporation (Delta) is considering upward price adjustments for its sparkling beverages in an effort to preserve waning margins caused by a special surcharge on sugar and increased value added tax (VAT). This comes as fiscal authorities introduced a US$0,001 per gram sugar tax for beverage makers at the beginning of 2024, which was followed…
ZIMBABWE’s natural resource exports reached US$3,4 billion in 2025, surpassing the Minerals Marketing Corporation of Zimbabwe’s (MMCZ) US$3,2 billion target, driven by favourable price movements in some key commodities. MMCZ monitors and facilitates mineral exports to prevent leakages, transfer pricing and under-invoicing. In a statement, MMCZ said cumulative mineral sales for the full year 2025…
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