AXIA Corporation (Axia) plans to expand its branch network across the country to improve customer reach while utilising substantial free cash generated from operations.In its financial year ended June 30, 2025, the group managed to sustain a positive cash generative operation resulting in limited borrowing for expansion projects. Accordingly, borrowings reduced by US$4,470 million.Axia’s main…
NATIONAL Tyre Services (NTS) says its growth plans are underpinned by the success of the government’s efforts to curb smuggling of cheaper tyre brands and streamlining regulatory processes to boost competitiveness of local firms.The group’s operations have been adversely impacted by the rapid growth of the informal sector eating into its market share.However, recent interventions…
South Africa and Nigeria are poised to exit a global financial watchdog’s “grey list” as soon as next month, marking a change in fortune for two of the continent’s biggest economies. The two nations were put under heightened scrutiny by the Financial Action Task Force in February 2023 for shortcomings in tackling illicit financial flows.…
ZIMBABWE’s milk output rose by four percent in the first eight months of 2025, with August recording the highest monthly production to date at 10,56 million litres, according to the Dairy Services Department.Cumulative production for the period reached 78,33 million litres, up from 75,25 million litres a year earlier.The Zimbabwe Association of Dairy Farmers (ZADF)…
BY SIMBARASHE HAMUDI IN the world of taxation and VAT compliance, the importance of a valid fiscal tax invoice cannot be overstated. For businesses operating in Zimbabwe, the VAT Act — specifically Section 20(4) — sets out clear requirements that must be met for an invoice to be considered valid for VAT purposes. Failure to…
BY BETTY MURAMBADORO “Being “craveable” means people want to work with you again and again because of those elements that cannot be automated”. – Jessika Phillips IN this fast-paced changing…
RESEARCH firm IH Securities say milk prices in Zimbabwe are expected to decline from the current farmgate price of US$0,60 per litre as producers expand output and benefit from lower input costs.In its 2025 Agriculture Sector Report, IH noted that the national dairy herd grew from 44 200 in 2024 to 65 660 in 2025,…
ZIMBABWE’s foreign currency receipts increased by 26,8 percent to US$10,4 billion during the first eight months of 2025 from US$8,2 billion received in the same period in 2024, latest data shows.According to the Reserve Bank of Zimbabwe (RBZ), the increased foreign currency inflows were a direct result of the robust domestic economy, mainly driven by…
BY GODFREY NYONI IN today’s digital age, crime is no longer just about stolen wallets, house break-ins, or car theft. A new battlefield has opened up in cyberspace. In Zimbabwe, more and more people rely on online banking, mobile money platforms such as EcoCash and OneMoney, and internet-based services for their everyday activities.While this shift…
OK ZIMBABWE (OK Zim) is optimistic that strategies in place to rein in escalating costs will help stabilise operations and drive future growth.The retailer has already embarked on a restructuring exercise that has resulted in a leaner headcount and disposal of unprofitable assets.In addition, it is also betting on digitising its operations, including growing online…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More