Advertisements VICTORIA Foods anticipates a robust recovery supported by improved harvests expected this year and new operational strategies to offset steep earnings decline that has rocked the food processor recently.Advertisements Following a 26 percent operational decline during the year ended September 30, 2025, due to a debilitating drought, the outlook for this year looks promising,…
NMBZ Holdings has acquired a controlling stake in the Zambian deposit-taking microfinance institution, Entrepreneurs Financial Centre (EFC), following regulatory approval from the Competition and Consumer Protection Commission. The strategic acquisition…
NEDBANK Zimbabwe has appointed Heresy Herry as acting managing director with effect from January 23, 2025, taking over from Sibongile Moyo, who resigned. Herry, currently head of origination and sales,…
Advertisements TANGANDA Tea Company is seeking shareholder approval to raise US$8 million through a rights offer, with the fresh capital earmarked to support working capital needs and fund key capital projects.Advertisements In an abridged circular to shareholders, the company said the funding would be mobilised via a renounceable rights offer, which allows existing shareholders to…
Advertisements INVICTUS Energy (Invictus) says it has terminated its agreement with Al Mansour Holdings (AMH) after failing to agree on revised terms.Advertisements AMH is owned by Sheikh Mansour Bin Jabor Bin Jassim Al Thani, who toured Africa last year, meeting with heads of state and pledging billions in investments. Invictus is actively developing the Cabora…
Advertisements WILLDALE’S plant utilisation was at 40 percent during the year ended September 30, 2025, due to working capital constraints that disrupted raw material supply and impacted maintenance work.Advertisements The brick-making concern’s plant utilisation prior year stood at 62 percent reflecting the impact of limited cash flow into the business, which dragged throughput and overall…
Advertisements INDEPENDENT accounting and business advisory firm Baker Tilly has welcomed the government’s decision to reduce the Intermediate Money Transfer Tax (IMTT) while increasing Value Added Tax (VAT), saying the measures will benefit ordinary citizens.Advertisements Effective January 1, 2026, Zimbabwe’s IMTT on ZiG-denominated transactions was reduced to 1,5 percent, while the standard VAT rate increased…
Advertisements INNSCOR Africa (Innscor) consumed approximately 10 million litres of diesel during the year ended June 30, 2025 (FY2025), with generator use rising by 66 percent as power outages across the country intensified.Advertisements Critically, the rise in generator diesel consumption suggests persistent or worsening dependence on backup power, resulting in additional cost buildup for the…
ZIMBABWE has every reason to pause and raise a glass to the return of single-digit inflation. After nearly three decades of price instability, currency collapse and the erosion of purchasing…
LOCAL alcoholic beverages manufacturer, African Distillers Limited (Afdis), on Saturday brought smiles and celebration to Wadzanai in Shamva thanks to its grand finale draw of Chateau Sow and Reap promotion.…
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