AFRICAN Distillers (Afdis) says efforts to curb the smuggling of foreign alcoholic brands and the ban on the production of illicit spirits by the government has helped improve sales volumes.The widespread informalization of the economy has marked a rampant increase in the production and sale of cheap, illicit spirits nationwide, creating a congested and uneven…
DIVERSIFIED agro-industrial concern Ariston Holdings (Ariston) is pursuing strategic cost-cuttings which includes, automation of operations and a staff rationalization program as it seeks to boost margins and return to profitability.The group is battling high operational inefficiencies which resulted in gross margins weakening by 10 percentage points to 22 percent in the six months ended March…
DAIRIBORD Holdings (Dairibord) is accelerating its digital transformation, including adopting Artificial Intelligence (AI) in order to optimise operational efficiency and drive growth, its chief executive Mercy Ndoro has said. Presenting the trading update for the second quarter to June 30, 2025 at the company’s annual general meeting last week, Ndoro said the group seeks to…
TIGERE Real Estate Investment Trust (Tigere) is planning to lure internationally branded tenants to its retail and commercial properties riding on the influx of global businesses into the region that are seeking growth opportunities.According to its asset manager, Terrace Africa Asset Management, the influx of foreign branded tenants in commercial properties has largely been driven…
RAINBOW Tourism Group (RTG) has completed the refurbishment of the New Ambassador Hotel in Harare at a cost of US$500 000 as it aims to enhance guest experience, operational efficiency and align with global industry trends.The hotel facelift is part of the group’s approximately US$1 million refurbishment project, also including renovations on A’Zambezi River Lodge…
APPROXIMATELY ZiG11,6 billion from the ZiG55,86 billion allocated to government ministries, departments and agencies (MDAs) last year was unutilised.This was noted in the recently published 2024 Auditor-General’s report, which revealed that transfers were made in some cases to the MDAs, yet resources remained untapped.It means that 21 percent of budget allocations to MDAs were never…
EFFECTIVE natural resource management has been identified as the cornerstone of the government’s rural industrialisation strategy.This strategic pivot signals a critical shift towards viewing water and soil resources not just as an input, but as the fundamental asset underpinning future rural economic resilience and expansion.Speaking at the launch of two projects on soil management in…
ZIMBABWE’s overall GDP at constant prices fell by 1,73 percent to ZiG17,56 billion in the first quarter of 2025.The Zimbabwe National Statistics Agency (Zimstat) recently released these new figures, guided by the 2008 Systems of National Accounts. Zimstat used the production approach to estimate quarterly GDP at current and constant prices, applying the Proportional Benchmarking…
IN today’s fiercely competitive marketplace, delivering an exceptional customer experience (CX) has become the cornerstone of sustainable business success. Customers are no longer just looking for quality products or services; they crave meaningful interactions, personalised responses, and seamless journeys across all touchpoints. Whether you’re a global giant, a nimble SME, or an association striving to…
TOBACCO farmers in Zimbabwe have sold over 299,2 million kilograms of flue-cured tobacco, surpassing the previous 2023 high of 296 million kg and generating over US$1 billion in revenue, in…
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