finance

AFC unlocks US$5 million from land bank

AFC Holdings (AFC) has raised over US$5 million by leveraging its extensive land holdings for productive use, as it seeks to bolster capital and expand its loan book. The agricultural financier was in 2022 provided 10 000 hectares of land by the government to capitalise its operations. A further 30 000 hectares was promised. “The…

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‘IMF Zim economy optimism idealistic’

EXPERTS say estimates by the International Monetary Fund (IMF) that Zimbabwe’s economy performed better than expected in 2025, and that it grew 7,5 percent during the year, are overly optimistic. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts said the estimates…

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Investment income lifts Nicoz

NICOZDIAMOND Insurance posted marginal earnings growth for the year ended De­cember 31, 2025, driven by investment diversification, and improved opera­tional efficiencies. Insurance contract revenue rose one percent to ZiG1,1 billion compared to the prior year. Cluster chief executive David Ny­abadza said the growth, while mod­erate, was driven by expansion across core portfolios and new business.…

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Chester House revamp set for H2

REVITUS Real Estate Investment Trust (Revitus REIT) will begin renovations of its Chester House property in Harare in the second half of 2026, as it moves to convert it into a three-star hotel to enhance portfolio returns. In a statement accompanying its financial results for the year ended December 31, 2025, the REIT, said preparatory…

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Dairibord margins ‘under pressure’

DAIRIBORD Holdings (Dairibord) profit margins this year are expected to be severely under pressure from rising operational costs offsetting improved revenue flows, investment analysts, Inter Horizons (IH) Securities says. The dairy products processor recorded an eight percent year-on-year improvement in revenue to US$137,4 million for the year ended December 31, 2025, on volume growth. In…

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Liquidity crunch weighs on General Beltings

GENERAL Beltings (GB) posted a 19 percent dip in volumes for the year ended December 31, 2025, as high credit risk, weak demand, and tight monetary policy constrained working cap­ital. The group’s current liabilities at US$1,89 mil­lion exceeded current assets of US$1,74 million by US$145 533 to give a current ratio of 0,9. This means…

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Masimba flags rising client balances

MASIMBA Holdings (Masimba) is relying on structured client payment plans to manage rising receivables which hit US$54,95 million in 2025, as it seeks to boost cash flows amid worsening payment delays. The group said it was working closely with major clients to negotiate staggered payment arrangements aimed at improving collections discipline and reducing exposure to…

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Ariston eyes forward contracts

ARISTON Holdings (Ariston) is engaging interna­tional macadamia buyers to secure forward contracts that improve revenue visibility and boost foreign cur­rency inflows, as global demand remains firm. Forward contracts for macadamia nuts in Zim­babwe are commonly used by exporters as a ‘price hedge’ mechanism to secure long-term sales. This would allow the company to lock in…

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