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. Following …
finance
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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 …
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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, …
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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. …
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INVICTUS Energy (Invictus) says it has terminated its agreement with Al Mansour Holdings (AMH) after failing to agree on revised terms. AMH is owned by Sheikh Mansour Bin Jabor Bin …
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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. The brick-making …
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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 …
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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 …
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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 …
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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. …
