POULTRY producer Irvine’s Group’s (Irvine’s) earnings for the year ended June 30, 2025 fell below expectations due to rising operating costs weighing down on margins, its parent company, Innscor Africa, has said.Advertisements Innscor’s ownership of Irvine’s strengthens its backward integration strategy, meaning it controls the raw material supply for its other businesses, such as its…
THE scenic Vumba Mountains were a hive of activity this past weekend as hundreds of athletes, fitness enthusiasts, and community members converged for the annual Old Mutual Vumba Mountain Run.Advertisements The event drew notable guests, including Manicaland Provincial affairs minister Misheck Mugadza and Chief Zimunya, who graced the occasion in support of Old Mutual Zimbabwe’s…
SUGAR producer Hippo Valley Estates (Hippo) plans to slash consumption of coal by more than 2,5 percent in 2026 after an approximately 15 percent reduction during the financial year ended March 31, 2025 as it moves to reduce carbon emissions amid environmental concerns.Advertisements The company used 12 646 tonnes of coal this year, down from…
PROPERTY firm Mashonaland Holdings (Mash Holdings) is reimagining the future of Harare’s central business district (CBD) with a new co-working hub for small and medium enterprises (SMEs), part of a wider strategy to repurpose urban properties and adapt to an evolving commercial landscape.Advertisements The company will open its new SMEs Co-Working Hub at Chiyedza House…
TSL is engaging green financiers to fund a biogas-powered curing facility expected to significantly reduce energy consumption and ease costs in the tobacco sector as well as generate revenue from carbon credits.Advertisements This comes as a twin-turbo tobacco curing barn system, developed by local firm, Mamsen Engineering underwent successful testing in 2019 at Kutsaga Research…
PRESIDENT Emmerson Mnangagwa says the Mines and Minerals Amendment Bill is expected to be finalised during the current session of Parliament.Advertisements The Bill, gazetted in June this year, is a comprehensive reform to modernise mining laws, which will replace the 1961 Act. Some key provisions of the Bill include restructuring the Mining Affairs Board, establishing…
ACCESS Forex, one of Zimbabwe’s leading remittance and money transfer service providers, has embarked on a strategic restructuring process aimed at streamlining operations and strengthening its focus on its core…
UNKI Mine’s platinum group metal production declined by eight percent to 57,500 ounces in the third quarter ended September 30, 2025, primarily due to the anticipated lower ore grades in the current mining area.Unki’s parent company, Valterra Platinum, formerly Anglo-American Platinum, said lower production at its Zimbabwean operation and at Mototolo and Amandelbult in South…
ONE of National Tyre Services (NTS) major shareholders, Radun Investments (Radun), is offering to snap up outstanding shares from minorities ahead of the tyre retailing company’s plans to delist from the Zimbabwe Stock Exchange (ZSE).Advertisements Radun, which currently holds approximately 28,55 percent in NTS, only behind UKATL with 34,22 percent, is offering to acquire 94…
THE Cabinet has approved the establishment of a new inter-ministerial committee on intellectual property (IP), aiming to centralise and strengthen the nation’s handling of intellectual property rights.Advertisements Its primary mandate will be to advise the government on all IP matters and ensure Zimbabwe adheres to its obligations under various regional and international IP instruments. Minister…
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