Companies & Markets

ECONET Wireless Zimbabwe (Econet) has announced plans to delist from the Zimbabwe Stock Exchange (ZSE) to unlock shareholder value by separating its core mobile business from its infrastructure assets. The decision will see the telecommunications giant create a dedicated entity, Econet Infrastructure Company Limited (Econet InfraCo), to hold its real estate, towers, and power assets.…

FIRST Capital Bank has been named Zimbabwe’s bank of the year by The Banker, a publication of the London-based Financial Times Group and a global reference in the banking sector. This prestigious accolade, awarded to a single bank per country, recognises institutions that excel through their strong business models, consistent strategic execution, and meaningful contributions…

WILLDALE is set to set up an industrial park in Mt Hampden after regaining possession of its 123,6-hectare land which had been unlawfully occupied by third parties. The brick maker said vacant possession has been granted to the appointed contractor to commence development. “The initiation of on-site works, together with the planned disposal of industrial…

SEED CO has taken a firm stance responding to climate change challenges with the introduction of two maize hybrids and a wheat variety during the six months to September 30, 2025. The seed producer added to its portfolio the medium-maturity hybrids SC661 and SC657 to its maize seed range, targeting stable performance across different rainfall…

NAMPAK Limited (Nampak) says its Zimbabwean assets are still ‘held for sale’ following the TSL deal collapse earlier this year. Agro-industrial firm, TSL entered into an agreement with Nampak to snap up its 51,43 percent shareholding in Nampak Zimbabwe for US$25 million before it pulled out at the eleventh hour. The South African packaging firm…

WESTPROP Holdings (WestProp) recorded a 31,7 percent increase in revenue to US$5,60 million during the third quarter ended September 30, 2025, driven by robust sales at Pomona City and Seatrite residential projects. During the period under review, Pokugara’s contribution to group revenue decreased significantly from US$1,25 million to US$0,31 million. This decline is attributed to…

NATIONAL Tyre Services (NTS) anticipates resuming direct procurement of budget tyre brands from China and implementing strategic cost reductions to restore the company’s profitability by the end of next year. Last year, the group announced it had restarted sourcing budget tyres from China in response to increasing competition from informal players, which was eroding its…

GENERAL Beltings Holdings (GB) is projecting a robust full year profit supported by a strong order book in the second half of the year, mainly from the construction and mining sectors. The Zimbabwe Stock Exchange (ZSE)-listed rubber and chemicals manufacturer, in its financial results for the six months to June 30, 2025 doubled operating profit to…

TANGANDA Tea Company (Tanganda) is set to dispose of non-core assets with a cumulative value of US$4,5 million as it seeks to improve the quality of its portfolio while eyeing significant investments to bolster operations. The group is also considering a bridging facility of US$2,5 million, already at ‘advanced stages’ of review by the relevant…

ONE of the country’s leading hotels, Elephant Hills Resort, in Victoria Falls will close its doors in November 2026 for an 18-month refurbishment and rebranding programme. It would reopen in the second quarter of 2028. In a statement yesterday, African Sun Limited, the hotel’s operator, said the multimillion-dollar project would mark a significant milestone in…