Fastjet Zimbabwe (Fastfjet) is gradually expanding its air service into the vast African region, bringing its total number of operating countries to three following the launch of the Lusaka-Harare route last week.Previously, Fastjet operated routes in Zimbabwe and South Africa.Since 2015, Fastjet has been growing its list of service routes which includes flights between Harare,…
ONLY five percent of Zimbabwe’s manufacturing output is exported, largely due to high costs, competition from cheaper goods and the foreign currency retention policy, a new survey shows.According to the Confederation of Zimbabwe Industries (CZI) 2024 manufacturing sector survey, the high cost of doing business, shortage of raw materials and bureaucratic and costly export procedures…
ZECO Holdings (Zeco) is planning on implementing sweeping cost-containing measures across its operations in an ongoing effort to return to profitability after extending its earnings losing streak in the financial year ended December 31, 2024.The Zimbabwe Stock Exchange (ZSE)-listed engineering firm recently embarked on a new strategic focus into the property sector.As such, it intends…
PROPLASTICS anticipates an increase in sales volumes this year, taking advantage of expanded government spending on infrastructure development projects.The firm wants to align its operations with the growing demand for high-quality, durable plastic solutions that meet the rigorous standards of contemporary construction and infrastructure initiatives.In a statement accompanying the financial results for the year ended…
THE Minerals Marketing Corporation of Zimbabwe (MMCZ) sold 1,02 million metric tonnes (mt) of minerals valued at US$555,2 million in the first quarter of 2025, a 27 percent decline in value terms.Compared to the same period last year, the country’s sole minerals marketing agent sold 883 301 mt minerals valued at US$758,7 million.Sales increased in…
THE Zimbabwe International Trade Fair (ZITF) Company expects over 800 exhibitors at this year’s premier business expo, which will be held next week.ZITF chief executive Nicholas Ndebele said the 65th edition of the fair is set to amplify the country’s rural industrialisation agenda through its first-ever rural industrialisation conference.This year’s exhibition will commence on April…
Musawenkosi Dzheka IN a year defined by Zimbabwe’s economic recalibration, Fidelity Life Assurance of Zimbabwe (FLA) emerged as a case study in strategic resilience and fragile progress. The firm’s 2024 financial results painted a picture of significant asset growth and profitability gains, yet also raised critical questions around equity erosion, compliance complexity, and long-term sustainability.As…
THE Infrastructure and Development Bank of Zimbabwe (IDBZ) is strategically pursuing external partners to diversify its equity structure and reduce dependence on government funding in line with partial privatisation of some state entities.IDBZ – which is wholly owned and capitalised by the government – wants to evolve into a self-sustained full-fledged development finance institution capable…
ECONET Wireless Zimbabwe is gearing up for a strong presence at this year’s Zimbabwe International Trade Fair (ZITF), where it will unveil a range of cutting-edge technological innovations.Reliable sources have confirmed to this publication that the listed telecoms giant will use the premier business showcase to launch new solutions and engage with customers, partners, and…
Caledonia Mining Corporation has successfully completed the sale of its local subsidiary, Caledonia Mining Services (CMS), to Cross Boundary Energy Holdings (CBE) for a pre-tax consideration of US$22,35 million payable in cash.CMS owns and operates the 12,2MWac solar plant that supplies power to Blanket Mine, its primary gold asset.“By selling the plant for US$22,35 million,…
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