Advertisements AXIA Corporation (Axia) plans to open more than a dozen new stores across its operating units as it continues to strengthen market presence and enhance customer access.Advertisements The expansion comes as the home furniture and appliances distributor seeks to tap into rising consumer demand. Axia chief executive Ray Rambanapasi told The Financial Gazette that…
Advertisements ZIMBABWE has stepped up its bid to attract capital after pitching lithium opportunities at the World Economic Forum (WEF) currently underway in Davos, Switzerland.Advertisements Finance Minister Mthuli Ncube, who is at the summit, told global leaders and business executives that Zimbabwe had put in place strong measures to support investments in critical minerals. “We have seen…
Advertisements INNSCOR Africa (Innscor) says it may consider another round of unbundling in the medium to long term should the group once again become too large to manage effectively.Advertisements Innscor has previously spun off entities such as Simbisa Brands, Axia Corporation and Padenga Holdings. The group operates a large portfolio of subsidiary companies across various…
Advertisements GOLD producer, Caledonia Mining Corporation (Caledonia) is planning to increase its sustaining capital expenditure by US$11 million to implement a long-term solution to the recurring power challenges at Blanket Mine.Advertisements The group’s total capital expenditure for 2026 is projected at US$162,5 million, focusing on exploration and development of other mining assets. According to the…
Advertisements INDUSTRY has called for an intensification of regulatory reforms to help the manufacturing sector escape a ‘conditional steady state’ that has left nearly half of Zimbabwe’s industrial capacity idle.Advertisements Despite a recovery from 2018 levels, the Confederation of Zimbabwe Industries (CZI) says unutilised capacity in the manufacturing sector has averaged 45 percent over the…
Advertisements AMALGAMATED Regional Trading (ART) Holdings is strategically repositioning the retail footprint of its energy storage unit, Chloride Zimbabwe, by transitioning from reliance on franchised outlets to establishing more company-owned shops.Advertisements This shift aims to enhance market control, improve customer experience, and drive sustainable growth amidst evolving industry dynamics. The move reflects the company’s commitment…
Advertisements ZIMBABWE’s annual milk production has grown by an average of about 10 percent over the past six years, supported by policy reforms, rising private sector investment and improved efficiencies across the dairy value chain. Advertisements Production data from 2020 to 2025 show that national milk output rose by 59 percent to 121,84 million litres…
Advertisements ZIMBABWE’s short-term insurance sector recorded improved liquidity in the nine months to September 2025, strengthening its capacity to settle claims and meet short-term obligations.Advertisements According to the Insurance and Pensions Commission (Ipec), liquid assets rose to US$177,46 million as at September 30, 2025, representing a 20 percent year-to-date increase from US$148,06 million recorded as…
Advertisements THE Zimbabwe Investment Development Agency (ZIDA) says proposed investment value fell to US$1,18 billion in the fourth quarter ended December 31, 2025, from US$4,59 billion in the corresponding period in 2024.Advertisements In its fourth-quarter report, ZIDA chief executive Tafadzwa Chinamo said the decline largely reflected the absence of large, capital-intensive projects that had boosted…
Advertisements THE Investor Hosting Centre (IHC) is positioning Zimbabwe as a regional hub for bankable investment projects, aiming to attract capital from across Africa and beyond.Advertisements The centre is rolling out a regional model that links Zimbabwean projects with investors across SADC and the wider continent. Through this approach, IHC supports project preparation and investor…
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