THE government is considering increasing the ethanol blending ratio in petrol from the current E5 to E20 as part of efforts to cushion consumers from rising fuel prices triggered by the ongoing conflict in the Middle East.Advertisements The proposed adjustment aims to reduce the country’s reliance on imported fuel, whose prices have remained volatile due…
CALEDONIA Mining Corporation (Caledonia) has reported a whopping 486 percent year-on-year increase in free cash flow to US$62,1 million for the year ended December 31, 2025, driven by disciplined cost control and a surge in gold prices.Advertisements The strong cash generation allowed the company to swing from a net debt position of US$8,7 million to…
ECONET Wireless Zimbabwe’s spinoff, Econet InfraCo, is set to list on the Victoria Falls Stock Exchange (VFEX) next Tuesday.Advertisements The telecommunications giant recently valued its newly-established infrastructure, energy and real estate-focused company at approximately US$1 billion ahead of its listing by way of introduction on March 31, 2026. The creation of Econet InfraCo aligns with…
BRITISH American Tobacco (BAT) Zimbabwe expects a significant increase in profitability for the year ended December 31, 2025, driven by improved currency stability and the absence of prior-year exchange losses.Advertisements In a cautionary statement to shareholders, the group said its upcoming results will materially outperform 2024, a period weighed down by foreign exchange losses and…
THE Reserve Bank of Zimbabwe (RBZ) has temporarily suspended the 90 percent export retention threshold for small-scale gold miners, citing significant operational challenges and banking bottlenecks.Advertisements Last month, the central bank announced that artisanal and small-scale gold miners were set to receive 90 percent of their proceeds in foreign currency, with the remaining 10 percent…
CABLE manufacturer Cafca is recalibrating its regional strategy, pivoting toward direct business-to-business (B2B) sales as it seeks to revive export earnings and strengthen its foothold across southern and eastern Africa.Advertisements The move comes as the firm navigates a complex operating environment marked by currency volatility, intensifying competition and elevated logistics costs, which have collectively eroded…
TANGANDA Tea Company (Tanganda) increased funding for its tea out-growers scheme to US$283 696 for the year ended September 30, 2025, marking a 2,46 percent rise from US$276 864 in the prior year.Advertisements The diversified agro-industrial group has an excess of 1 000 farmers affiliated to its out-growers scheme. “This assistance directly benefits small-scale farmers…
THE National Social Security Authority (Nssa) has called on companies to integrate safety measures at the design stage of operations to reduce workplace accidents and occupational diseases.Advertisements Speaking at an engineering workshop on occupational safety yesterday, Nssa chief inspector of factories, Phineas Marunza, said preventing workplace accidents required proactive planning and engineering solutions. “It is…
THE government has released US$32,5 million to wheat farmers to ease financial pressures and sustain agricultural momentum. Advertisements GMB chief executive Edson Badarai yesterday said the latest disbursement includes ZiG30 million and US$2,5 million recently availed by Treasury, bringing total payments for wheat deliveries to ZiG280 million and US$32,5 million. “This latest funding brings much-needed relief…
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has raised concern over organisations processing personal data without licences.Advertisements Despite the March 2025 compliance deadline, some entities continue to operate outside the law. In a statement yesterday, Potraz director-general Gift Machengete said all entities were required to regularise their data processing activities with immediate effect…
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