finance

Voltage fluctuations weigh on Cafca

Advertisements CAFCA lost 324 production hours during the six months ended March 31, 2026, up from 99 hours recorded prior year as persistent power quality challenges worsened despite improved electric­ity availability.Advertisements Voltage fluctuations are emerging as costly threats, affecting equip­ment performance, disrupting oper­ations and increasing maintenance bills. Experts say ageing infrastruc­ture at state-owned utility company,…

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Is Zimbabwe headed for another crisis?

Advertisements Open Forum Eddie CrossAdvertisements IN OUR short 133 year history, we have survived a number of crisis points and, in the process, built a small, diversified economy that looks after its population and provides a de­cent living for many. The tragedy is that so many of these times of crisis have been created by…

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Eagle REIT exceeds budget expectations

Advertisements EAGLE REIT says its performance for the first quar­ter ended March 31, 2026, exceeded expectations on the back of strong residential stand sales, improved gross margins and disciplined cost management.Advertisements The trust is managed by Eagle Asset Manage­ment, a licensed investment manager and subsidiary of Zimre Holdings. In a trading update for the quarter,…

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Shipping corridor brings China closer to Zimbawe

Advertisements A NEW direct shipping route between northern China and South Africa is being hailed as a major boost for trade between Asia and Africa, promising faster deliveries, lower logistics costs and stronger economic links across the continent.Advertisements For Zimbabwe, a landlocked country heavily dependent on regional ports for international commerce, economists and business leaders…

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New revenue streams prop up WestProp

Advertisements WESTPROP Holdings’ di­versification efforts paid off after more than US$1,3 million in new revenue streams was recorded during the first quarter ended March 31, 2026, offsetting rising real estate costs.Advertisements The group’s ongoing vertical inte­gration strategy, embarked on two years ago, has significantly reduced reliance on external contractors while building in-house manufacturing and construc­tion…

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Axia upbeat on growth momentum

Advertisements AXIA Corporation (Axia) expects to maintain its growth momentum in the fourth quarter ending June 30, 2026, supported by a stable economic environment and strong demand across its business units.Advertisements The positive outlook follows broad-based growth across the group’s retail and distribution operations during the third quarter ended March 31, 2026. The company said…

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RioZim pins hope on mines’ revival

Advertisements RIOZIM’s recovery strategy is gaining momentum through strategic funding partnerships and the resumption of min­ing operations, despite its losses widening to ZiG739,1 million in the year ended December 31, 2025.Advertisements The diversified miner previously reported a ZiG628,5 million loss. In its full year financial results statement, Ri­oZim chairman Caleb Dengu said the company was…

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Proplastics targets irrigation, civil engineering growth

Advertisements PROPLASTICS is intensify­ing its focus on irrigation and civil engineering projects as the company positions itself to benefit from growing infrastructure and agricultural development op­portunities across Zimbabwe and the region.Advertisements In a trading update for the three months ended March 2026, Pro­plastics chairman Gregory Sebborn said the company was actively pur­suing opportunities in the…

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Smart technology drives rural industrialisation

Advertisements SMART technologies have boosted production and productivity while creating new opportunities for value addition in rural communities, according to the Agricul­tural and Rural Development Authority (Arda).Advertisements The authority increased production by almost a hun­dred-fold over four years, from just 5 186 tonnes in the 2019-20 season to a cumulative 474 775 metric tonnes in…

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