Advertisements INDUSTRY has called for targeted financial assistance and lower lending rates to enable its full participation in the economy.Advertisements Speaking at the Zimbabwe National Chamber of Commerce (ZNCC) reserved sectors implementation modalities meeting in Harare, Zimbabwe Building Contractors Association chief executive Joyline Zindaga said the country lacks adequately capacitated local players in most sectors,…
Advertisements THE Central Africa Building Society (CABS) has entered into a strategic partnership with global payments leader Visa to roll out a suite of advanced digital payment solutions.Advertisements The development comes as CABS has recently risen to the third most popular card issuer in the country, with volumes increasing 195 percent year on year and…
Advertisements NAMPAK Zimbabwe is planning to significantly increase its capital expenditure to enhance production capacity and profitability amid growing demand for packaging products. Advertisements Although the group did not disclose the capital outlay, its plans are based on projections of firming demand across all business units. Notably, the group is banking on the anticipated record-breaking…
Advertisements MUTAPA Gold Resources’ discussions with partners to develop a new opencast section at its Shamva Gold Mine have reached the homestretch, the company has said.Advertisements This follows Mutapa Investment Fund (MIF)’s recent restructuring of its mining assets, which previously fell under Kuvimba Mining House, with the establishment of new commodity-specific units now expected to…
Advertisements HIPPO Valley Estates (Hippo Valley)’s sugar sales to the Common Market for Eastern and Southern Africa (Comesa) are booming, growing by 634 percent year-on-year to 22 016 tonnes during the nine months to December 31, 2025.Advertisements The growth from 3 001 tonnes registered a year earlier reflects the group’s strategic focus on expanding its…
Advertisements CFI Holdings’ agro-processing unit, Victoria Foods, is aiming to regain lost market share by strengthening its distribution strategies following years of operational challenges, the company’s secretary Panganayi Hare has said.Advertisements Victoria Foods resumed full-scale operations in 2022 after exiting judicial management and has been progressively winning back consumers of its household brands. This, however,…
Advertisements ZIMRE Holdings (ZHL) is scouting for new opportunities across several African markets to grow its business, the company has said.Advertisements This is despite downside risks such as inflation and currency fluctuations weakening most regional economies. The Zimbabwe Stock Exchange-listed insurer, which has a sizable regional portfolio, operates through subsidiaries in areas of general insurance,…
Advertisements TELCO Holdings has partnered with a regional electric solutions provider, Beyond Mobility, to present Zimbabwe’s first fully integrated electric mobility ecosystem.Advertisements The initiative introduces high-performance electric motorcycles and utility vehicles supported by smart charging stations, intelligent battery swapping cabinets, solar-hybrid energy systems, and real-time telematics platforms. At its core is rapid battery swapping technology,…
Advertisements WILLDALE says the sale of stands in the Haydon Industrial Park is starting to ease group working capital pressures and should soon boost its core brick-making operations.Advertisements The company expects to raise sufficient funds through these sales to acquire a modern all-weather brick-making plant before year end. Last year, the company said plant utilisation…
Advertisements ART Holdings’ revenue dropped four percent year-on-year to US$7 million during the first quarter ended December 31, 2025, owing to working capital constraints that impacted production.Advertisements The group’s overall sales volumes were one percent below the prior year. “Market demand for Exide batteries and Eversharp pens was firmer, however, the cumulative impact of working…
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