METBANK is intensifying its efforts to enhance financial mobilisation to support its core operations, following a 74 percent decline in interest income from lending activities to ZiG2,16 million for the year ending December 31, 2024 from ZiG8, 44 million the previous year. The bank said despite meeting the minimum capital requirements of US$30 million for…
THE Zimbabwe Mercantile Exchange (ZMX) has partnered with Nigeria’s Lagos Commodities and Futures Exchange (LCFE), setting the stage for structured, transparent, and technology-driven commodity trading between the two countries. The two commodity exchanges, this week, signed a landmark memorandum of understanding (MoU) hosted by a joint bilateral secretariat and attended by regulators, trade officials, and…
OLD Mutual Limited (OM)’s new group chief executive, Jurie Strydom, says one of his top priorities is to secure the lifting of the suspension on Old Mutual Zimbabwe (OMZ) shares from trading on the Zimbabwe Stock Exchange (ZSE).OMZ shares were suspended on the ZSE in June 2020 due to allegations that their fungibility was being…
POULTRY producer Irvine’s Group’s (Irvine’s) earnings for the year ended June 30, 2025 fell below expectations due to rising operating costs weighing down on margins, its parent company, Innscor Africa, has said. Innscor’s ownership of Irvine’s strengthens its backward integration strategy, meaning it controls the raw material supply for its other businesses, such as its…
THE scenic Vumba Mountains were a hive of activity this past weekend as hundreds of athletes, fitness enthusiasts, and community members converged for the annual Old Mutual Vumba Mountain Run. The event drew notable guests, including Manicaland Provincial affairs minister Misheck Mugadza and Chief Zimunya, who graced the occasion in support of Old Mutual Zimbabwe’s…
SUGAR producer Hippo Valley Estates (Hippo) plans to slash consumption of coal by more than 2,5 percent in 2026 after an approximately 15 percent reduction during the financial year ended March 31, 2025 as it moves to reduce carbon emissions amid environmental concerns. The company used 12 646 tonnes of coal this year, down from…
PROPERTY firm Mashonaland Holdings (Mash Holdings) is reimagining the future of Harare’s central business district (CBD) with a new co-working hub for small and medium enterprises (SMEs), part of a wider strategy to repurpose urban properties and adapt to an evolving commercial landscape. The company will open its new SMEs Co-Working Hub at Chiyedza House…
TSL is engaging green financiers to fund a biogas-powered curing facility expected to significantly reduce energy consumption and ease costs in the tobacco sector as well as generate revenue from carbon credits. This comes as a twin-turbo tobacco curing barn system, developed by local firm, Mamsen Engineering underwent successful testing in 2019 at Kutsaga Research…
PRESIDENT Emmerson Mnangagwa says the Mines and Minerals Amendment Bill is expected to be finalised during the current session of Parliament. The Bill, gazetted in June this year, is a comprehensive reform to modernise mining laws, which will replace the 1961 Act. Some key provisions of the Bill include restructuring the Mining Affairs Board, establishing…
ACCESS Forex, one of Zimbabwe’s leading remittance and money transfer service providers, has embarked on a strategic restructuring process aimed at streamlining operations and strengthening its focus on its core…
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