GENERAL Beltings (GB) says it will strengthen strategic partnerships and critical skills retention programmes to remain competitive and take advantage of the African Continental Free Trade Area (AfCFTA). The AfCFTA connects more than 1,4 billion people across the continent through unfettered market access, creating one of the world’s largest free trade areas. The group, which…
THE Deposit Protection Corporation (DPC) says changes to its commission statute will introduce civil penalties for non-compliant institutions and their directors, strengthening enforcement of the corporation’s laws and regulations. The Deposit Protection Corporation Amendment Bill establishes a dedicated insolvency and crisis management framework for banking institutions, addressing a legal gap left by the Insolvency Act.…
SEED CO International says it is leveraging its expanding market presence, strong brand and climate-smart seed portfolio to drive growth. This comes as the regional seed supplier has been making inroads into the east and west African markets. In a statement accompanying its financial results for the year ended March 31, 2026, Seed Co chief…
ZIMBABWE’s quests to achieve a mono-currency economy in the medium term are losing momentum, notwithstanding the recent substantial growth in the country’s foreign currency reserves, analysts say. This comes as the Reserve Bank of Zimbabwe (RBZ) has identified the further accumulation of reserves as one of the key conditions precedent that will foster the gradual…
Mishma Chakanyuka THE Bankers Association of Zimbabwe (BAZ) has urged businesses to adopt formal banking practices and honour their debt obligations, saying stronger banking habits are essential to closing the country’s long-term financing gap. Speaking at the Meet the Bankers, Tourism and Hospitality Investment Conference 2026, BAZ president Solomon Nyanhongo said heavy reliance on cash…
STAR Africa Corporation (Star Africa) is evaluating regional export opportunities as improved operational efficiencies and favourable cost structures have strengthened its competitiveness. Previously, the sugar refiner grappled with production inefficiencies due to antiquated plant machinery as a result of years of underinvestment. In a statement accompanying the group’s financial results, for the year ended March…
CFI Holdings’ profit margins for the six months to March 31, 2026, were subdued due to heightened competition from the informal sector, which continued to exert downward pressure on pricing and profitability. This mirrors the dynamic shift in the economy where widespread informality is posing viability threats to formal businesses by setting lower price points.…
THE Insurance and Pensions Commission (IPEC) says liquidity conditions in the funeral assurance sector remained under pressure during the quarter ended 31 March 2026, with four entities recording current ratios below the breakeven point. In its First Quarter 2026 Funeral Assurance Sector Report, IPEC said the sector’s weighted average current ratio declined from 1,1 times…
RAINBOW Tourism Group (RTG)’s hotel occupancy rose to 51 percent in the first quarter ended March 31, 2026 from 48 percent in the comparable period last year supported by stronger demand for leisure and business travel. As a result, group revenue climbed 32 percent to US$11,4 million from US$8,7 million during the same period in…
RIOZIM says it will prioritise bringing its Cam & Motor Mine in Kadoma back to normal production capacity following the completion of dewatering works and the resumption of gold operations. The miner suspended direct mining and processing operations at Cam & Motor almost two years ago to allow critical dewatering of flooded pits, a process…
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