THE Mutapa Investment Fund has paid at least US$9 million to creditors to bring the Cold Storage Company of Zimbabwe (CSC) out of judicial management.Speaking to The Financial Gazette, Mutapa’s chief investment officer, Simba Chinyemba, said the Fund would inject more capital to revive the company.“What we have done is we have paid off all…
TREASURY says discussions on securing a Staff-Monitored Programme (SMP) with the International Monetary Fund (IMF) are continuing “in earnest” with a mission expected in Harare at the end of this month to discuss the initiative.In June, the IMF said Zimbabwe’s economic reforms have made significant progress, but the nation still has more work to do…
RENOWNED economist Prosper Chitambara agrees with the International Monetary Fund (IMF)’s call for Zimbabwe to create a clear roadmap and timelines for de-dollarisation, arguing that current uncertainty damages confidence. Speaking to Group Editor-In-Chief Guthrie Munyuki on his widely followed news and current affairs programme, Vantage, on leading national independent commercial television station, 3Ktv, last Thursday,…
INNSCOR Africa (Innscor)’s core profit margin is projected to improve supported by sustained revenue growth and a more stable operating environment.The diversified agro-industrial conglomerate surpassed the US$1 billion revenue mark in the year ended 30 June 2025, following nearly US$200 million in capital expenditure (capex) over the past three years.For the 2026 financial year, the…
NETONE has partnered with the Institute of Social Development Practices (ISDP) to boost the country’s skills development drive.The ISDP, a local organisation dedicated to equipping students and graduates in the social sciences, arts, and humanities with entrepreneurial and innovative skills, was officially launched in Harare last Friday.In a statement, NetOne said the institute’s launch marked…
ZIMPLOW anticipates that its strategic expansion of Mealie Brand from agricultural implements into mining equipment will begin delivering positive results in the second half of the year.Mealie Brand, wholly owned by Zimplow, manufactures and distributes high-quality agricultural implements and spares, including animal- and tractor-drawn farm equipment and home garden tools.The group views the country’s thriving…
NEDBANK Zimbabwe has appointed Innocent Dutiro as its non-executive chairman taking over from Shepherd Shonhiwa who retired with effect from September 12, 2025.Dutiro has over 30 years of experience in…
ZIMBABWE’S consumption of liquefied petroleum gas (LPG) increased by 89 percent to 89,59 million kilogrammes (kgs) in the first eight months of 2024 compared to 47,42 million kgs in the same period last year, according to the Zimbabwe Energy Regulatory Authority (Zera).This trend highlights a significant shift in the country’s energy consumption patterns, driven primarily…
South Africa’s gradual structural reforms are breathing life into the economy, but aren’t sufficient to lift the growth rate to the government’s 3.5% target, according to Moody’s Ratings. Africa’s largest…
Roger Ver, the cryptocurrency advocate known as “Bitcoin Jesus,” has paid nearly $50 million to resolve a US tax evasion indictment without having to admit he committed a crime. Prosecutors…
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