TANGANDA Tea Company (Tanganda) remains ‘cautiously optimistic’ about the 2026 prospects, citing relative stability in inflation. Tea prices experienced a significant slump in major global markets as of late 2025, driven by oversupply, weak demand, and currency fluctuations. The group is heavily exposed to external markets, with export sales reaching US$10,4 million last year, constituting…
NAMPAK Zimbabwe is planning to significantly increase its capital expenditure to enhance production capacity and profitability amid growing demand for packaging products. Although the group did not disclose the capital outlay, its plans are based on projections of firming demand across all business units. Notably, the group is banking on the anticipated record-breaking tobacco output…
THE Central Africa Building Society (CABS) has entered into a strategic partnership with global payments leader Visa to roll out a suite of advanced digital payment solutions. The development comes as CABS has recently risen to the third most popular card issuer in the country, with volumes increasing 195 percent year on year and values…
HIPPO Valley Estates (Hippo Valley)’s sugar sales to the Common Market for Eastern and Southern Africa (Comesa) are booming, growing by 634 percent year-on-year to 22 016 tonnes during the nine months to December 31, 2025. The growth from 3 001 tonnes registered a year earlier reflects the group’s strategic focus on expanding its regional…
MUTAPA Gold Resources’ discussions with partners to develop a new opencast section at its Shamva Gold Mine have reached the homestretch, the company has said. This follows Mutapa Investment Fund (MIF)’s recent restructuring of its mining assets, which previously fell under Kuvimba Mining House, with the establishment of new commodity-specific units now expected to attract…
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…
ZIMRE Holdings (ZHL) is scouting for new opportunities across several African markets to grow its business, the company has said. This is despite downside risks such as inflation and currency fluctuations weakening most regional economies. The Zimbabwe Stock Exchange-listed insurer, which has a sizable regional portfolio, operates through subsidiaries in areas of general insurance, health…
VISION Group is focusing on stabilising Tongaat Hulett (Tongaat)’s regional businesses after last week’s provisional liquidation application by business rescue practitioners in South Africa. This follows the collapse of the business rescue deal due to delayed funding discussions between Vision and the Industrial Development Corporation of South Africa. Tongaat, a South African agribusiness, operates in…
ART Holdings’ revenue dropped four percent year-on-year to US$7 million during the first quarter ended December 31, 2025, owing to working capital constraints that impacted production. The group’s overall sales volumes were one percent below the prior year. “Market demand for Exide batteries and Eversharp pens was firmer, however, the cumulative impact of working capital…
WILLDALE says the sale of stands in the Haydon Industrial Park is starting to ease group working capital pressures and should soon boost its core brick-making operations. The company expects to raise sufficient funds through these sales to acquire a modern all-weather brick-making plant before year end. Last year, the company said plant utilisation fell…
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