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Zimbabwe asset managers shift away from equities
The Securities and Exchange Commission of Zimbabwe (SecZim) has called on the Zimbabwe Stock Exchange (ZSE) to urgently work on recovering lost market share, amid revelations that local asset managers...Published: 11 Jul 2025 at 09:15hrs | 516 | by Staff reporter
Sugar stocks exceed national demand
Zimbabwe's leading sugar producers, Hippo Valley Estates and Triangle, have moved to allay fears of shortages and price hikes, assuring the nation that local sugar stocks are more than adequate to mee...Published: 11 Jul 2025 at 08:25hrs | 82 | by Staff reporter
NatPharm boosts medicines availability
The National Pharmaceutical Company (NatPharm) announced it expects to receive close to 400 different lines of medicines and health consumables over the next three months as part of its efforts to imp...Published: 07 Jul 2025 at 08:50hrs | 103 | by Staff reporter
Edgars turns to mass market and local supply
Edgars Stores Limited has effectively become Zimbabwe's sole listed clothing retailer after Truworths Zimbabwe entered corporate rescue in 2024, following a prolonged period of financial distress and ...Published: 20 Jun 2025 at 17:38hrs | 135 | by Staff reporter
Anti-smuggling blitz bolsters local beverage production
Zimbabwe's aggressive anti-smuggling blitz is beginning to bear fruit, easing pressure on local beverage producers and setting the stage for increased production and market growth, according to Delta ...Published: 17 May 2025 at 14:20hrs | 134 | by Staff reporter
African Sun tables aggressive refurbishment initiatives
Leading hospitality group African Sun Limited (ASL) has announced an ambitious refurbishment program aimed at boosting its competitive edge on the global tourism stage, despite economic headwinds and ...Published: 07 May 2025 at 09:51hrs | 185 | by Staff reporter
Monomotapa Hotel to be offloaded for US$15 million
African Sun Limited (ASL), Zimbabwe's leading hospitality group, has announced June 30, 2025, as the target date for concluding the sale of the iconic Monomotapa Hotel, which is estimated to be worth ...Published: 05 May 2025 at 15:48hrs | 381 | by Staff reporter
Edgars opens new stores in expansion drive
Edgars Stores Limited has expanded its retail presence with the launch of new Express Stores in Rusape and Harare, marking a significant move to strengthen its position in the low-income consumer mark...Published: 28 Apr 2025 at 12:40hrs | 242 | by Staff reporter
Is Mnangagwa's tariff capitulation a dangerous gamble to appease Trump at Zimbabwe's economic expense?
Has Zimbabwe's backbone finally cracked? President Emmerson Mnangagwa's latest decision to suspend all tariffs on United States goods, announced in response to new U.S. tariffs on Zimbabwean e...Published: 06 Apr 2025 at 21:43hrs | 1072 | by Tendai Ruben Mbofana
Choppies exits Zimbabwe with US$1 million loss
Botswana-based retail giant Choppies Enterprises Limited has confirmed it incurred a loss of P14 million (approximately US$1.02 million) following the disposal of its Zimbabwean operations in December...Published: 04 Apr 2025 at 13:39hrs | 1108 | by Staff reportetr
NetOne expands OneMoney to boost rural financial inclusion
One of Zimbabwe's largest mobile network providers, NetOne, is ramping up its financial inclusion efforts by expanding its OneMoney agent network and increasing remittance partnerships in rural areas....Published: 02 Apr 2025 at 15:51hrs | 561 | by Staff reporter
Dairibord to start toll production in SA
Dairibord Holdings is set to expand its operations in the region to drive export growth, with South Africa as the immediate destination for a planned toll manufacturing project. The initiative is expe...Published: 02 Apr 2025 at 08:48hrs | 132 | by Staff reporter
'Buy Zimbabwe' won't work until local products meet quality standards
To "Buy Zimbabwe" or not to buy Zimbabwe - that is the question! The recent signing of a Memorandum of Understanding between Buy Zimbabwe and the Content Creators Association of Zimbabwe signa...Published: 12 Mar 2025 at 22:18hrs | 1182 | by Tendai Ruben Mbofana
Potraz warns of severe disruptions to Telecom Services amid power shortages
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has issued a stark warning about severe disruptions to the telecommunications sector in Zimbabwe, with worsening power short...Published: 30 Jan 2025 at 07:00hrs | 228 | by Staff reporter
Harare retail outlets resemble deserted ruins after war on smuggling
Retail outlets across Harare are increasingly resembling deserted ruins, offering a stark reflection of Zimbabwe's worsening economic conditions. As the country grapples with ongoing economic shocks, ...Published: 28 Jan 2025 at 07:06hrs | 1083 | by Staff reporter
Buy Zimbabwe raises concerns over retail sector challenges
Buy Zimbabwe has raised concerns about the challenges facing the retail sector, stating that these obstacles are hindering efforts to promote locally-produced goods.Over the past few weeks, ma...Published: 20 Jan 2025 at 10:17hrs | 83 | by Staff reporter
Zimbabwe farmers urged to tap into China's fruit import market
Trade promotion agency ZimTrade is encouraging Zimbabwean farmers to seize the opportunity presented by China's growing fruit import market, which could generate much-needed foreign currency for the c...Published: 31 Dec 2024 at 13:57hrs | 248 | by Staff reporter
Stanbic named best ovderall bank 2024
Harare, 17 December 2024 - Stanbic Bank Zimbabwe has been named the overall best performing bank at the Banks and Banking Survey Awards 2024 sponsored by First Capital Bank. Stanbic Bank has n...Published: 17 Dec 2024 at 09:15hrs | 472 | by Agencies
Econet in aggressive 5G roll out
Econet Wireless Zimbabwe (EWZ), the country's leading mobile network operator, is continuing its aggressive rollout of 5G base stations as part of its strategy to solidify its position in the increasi...Published: 20 Nov 2024 at 07:08hrs | 668 | by Staff reporter
Calls for stronger regulation of Starlink's expansion in Africa
The rapid expansion of Starlink's satellite internet services across Africa has prompted a growing chorus of concern from local industry experts, telecommunications companies, and internet service pro...Published: 14 Nov 2024 at 09:52hrs | 521 | by Staff reporter
Powertel gains 2% market share
Powertel, a telecom subsidiary of ZESA Holdings, has recorded a significant 2.05 percentage point increase in market share during the second quarter of 2024, according to the latest report from the Po...Published: 23 Oct 2024 at 18:48hrs | 166 | by Staff reporter
NRZ struggles amid sanctions, as revival efforts falter
In its prime, the National Railways of Zimbabwe (NRZ) was the backbone of the nation's transport system, transporting passengers across the country and facilitating the movement of goods beyond Z...Published: 19 Oct 2024 at 12:07hrs | 157 | by Staff reporter
CTC to investigate surge of counterfeit toothpaste in Zimbabwe
The Competition and Tariff Commission (CTC) has announced an investigation into reports of counterfeit toothpaste products flooding the Zimbabwean market, citing potential serious health risks to cons...Published: 18 Oct 2024 at 08:42hrs | 208 | by Staff reporter
Telecel Zimbabwe faces scandal over disappearance of generators
Telecel Zimbabwe, one of the country's three mobile telecommunications companies, is embroiled in a scandal following the alleged theft of 20 generators used to provide backup power to its network tow...Published: 13 Oct 2024 at 12:20hrs | 345 | by Staff reporter
Innscor booted out of Profeeds
Innscor Africa Limited has been ordered to divest from Profeeds after the Supreme Court ruled that the merger of Profeeds and National Foods created a near monopoly in the stockfeed industry.S...Published: 10 Oct 2024 at 13:11hrs | 2543 | by Staff reporter
Is the Buy Zimbabwe campaign a flop?
The Buy Zimbabwe Campaign, launched over a decade ago, was designed to promote locally manufactured goods and services, reduce the trade deficit, and bolster economic growth. While the campaign's obje...Published: 20 Sep 2024 at 11:48hrs | 379 | by Staff reporter
Econet's investment in Liquid may be poised for a decline in value
Morgan & Co, a prominent securities firm, has issued a cautionary warning to Econet Wireless Zimbabwe regarding its investment in Liquid Telecommunications Holdings (LTH). The firm anticipates a p...Published: 20 Sep 2024 at 11:14hrs | 680 | by Staff reporter
TelOne jumps on Starlink train
TelOne, one of Zimbabwe's largest fixed internet providers, has announced its partnership with Starlink, becoming an authorized reseller of the satellite internet service. This move comes in response ...Published: 18 Sep 2024 at 15:33hrs | 2638 | by Staff reporter
NetOne's going concern status at risk
NetOne Private Limited, a telecommunications company in Zimbabwe, has been identified as technically insolvent and at risk of being unable to sustain its operations, according to a recent report. Rele...Published: 17 Jul 2024 at 06:51hrs | 635 | by Staff reporter
Zimbabwe holds 7th rank in global rough diamond production
Zimbabwe has maintained its seventh position in global rough diamond production according to the Kimberley Process Certification Scheme. Despite facing sanctions and strict trading rules in major US a...Published: 10 Jul 2024 at 15:42hrs | 23 | by Staff reporter
NetOne data traffic market share rise by 8.8%
State-owned telecommunications firm NetOne saw its internet and data traffic market share rise by 8.8% to 24.71% in Q1 2024, up from 15.91% in Q4 2023, according to the Postal and Telecommunications R...Published: 19 Jun 2024 at 07:14hrs | 13 | by Staff reporter
Econet calls for balanced regulation
ECONET Wireless Zimbabwe has called for balanced regulation in the telecommunications sector, given the rising operational costs driven by inflation and the shift to using the greenback.In a t...Published: 22 Jan 2024 at 10:13hrs | 1 | by Staff reporter
Chamisa gives up on CCC name?
CITIZENS Coalition for Change (CCC) leader, Nelson Chamisa, "plans" to adopt a new party name amid indications that he is losing grip on the opposition movement.Chamisa's CCC was thrown into c...Published: 18 Jan 2024 at 17:51hrs | 17 | by Staff reporter
'Zimbabwe littered with zombie firms'
ZIMBABWE is littered with "dogs and zombie companies" that are stagnant and have moribund prospects, limited cash-flows and low market share, according to the strategic advisory firm Mark & Associ...Published: 17 Jan 2024 at 04:55hrs | 3 | by Staff reporter
'Mnangagwa's govt has agreed to suspend decisions on retail and VAT'
The government may suspend its unpopular decisions on trading and Value Added Tax to give time for talks with businesses, according to a leading industry group.Finance Minister Mthuli Ncube an...Published: 07 Jan 2024 at 17:33hrs | 18 | by Staff reporter
Econet leading in mobile data and voice traffic
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz)'s sector performance report for the 3rd quarter of 2023 has revealed that Econet Wireless Zimbabwe extended its market leade...Published: 28 Dec 2023 at 16:36hrs | 21 | by Staff reporter
Zimbabwe mobile penetration rate now over 97%
In its sector performance report made available yesterday, POTRAZ director general, Dr Gift Machengete said active mobile subscriptions during the third quarter covering July, August and September rea...Published: 28 Dec 2023 at 07:25hrs | 31 | by Staff reporter
Zimbabwe rainy season likely to be very short
The Government has advised farmers that the rainy season has started and is likely to be short with all parts of the country expected to receive rains this week.Information, Publicity and Broa...Published: 13 Dec 2023 at 05:11hrs | 2 | by Staff reporter
Mnangagwa tightens his grip on levers of Zimbabwe's Treasury
WITH his close business ally John Muyashavanhu now confirmed as the incoming Reserve Bank of Zimbabwe (RBZ) governor, George Guvamatanga as Finance permanent secretary — chief accounting officer of ...Published: 12 Dec 2023 at 17:58hrs | 4 | by Staff reporter
Powertel inks US$100m network upgrade deal
PowerTel Communications, a subsidiary of State power utility Zesa Holdings, has signed a Memorandum of Understanding and non-disclosure agreement with Ghanaian company Vobiss Solutions Limited for a U...Published: 24 Nov 2023 at 05:33hrs | 24 | by Staff reporter
Stanbic scoops three prestigious awards
Harare, 24 October 2023 - Stanbic Bank Zimbabwe scooped three prestigious awards - two at the Banks and Banking Survey sponsored by financial services institution, FCB and publishing company, Alpha Me...Published: 25 Oct 2023 at 20:39hrs | 19 | by Agencies
Mobile telecom firms expand LTE network
Zimbabwe's telecommunication firms are drifting away from older-generation mobile technology in favour of faster fourth-generation wireless technology, which offers high capacity, faster download and ...Published: 18 Sep 2023 at 06:56hrs | 2 | by Staff reporter
'Zimbabwe to record biggest inflation decline'
Zimbabwe is expected to record the biggest fall in inflation in the southern African region next year, according to the latest report by the African Development Bank (AfDB).This is largely due...Published: 04 Aug 2023 at 06:37hrs | 15 | by Staff reporter
Powertel to invest US$50m towards network expansion
POWERTEL Communications, a subsidiary of Zesa Holdings, has revealed plans to invest in excess of US$50 million towards network expansion and rural datafication, as it increases connectivity across th...Published: 01 Aug 2023 at 06:32hrs | 12 | by Staff reporter
Unifreight eyes cross-border business
LISTED transport and logistics firm Unifreight Africa Limited has revealed plans to diversify and de-risk the business by actively pursuing cross-border and contract haulage.The company, which...Published: 12 Jul 2023 at 08:18hrs | 2 | by Staff reporter
Inadequate milk supplies worry Dairibord
MILK processing giant Dairibord Holdings Limited (DHL) this week raised concerns over a demand-supply gap in its products due to inadequate milk supply, giving rise to arbitrage opportunities....Published: 07 Jul 2023 at 07:52hrs | 11 | by Staff reporter
TelOne suffers US$7,4m loss
SATE-OWNED telecom firm, TelOne, says government's delay in paying its debt has caused a loss of US$7,4 million on its balance sheet as the local currency continues to depreciate.The Zimdollar...Published: 30 Jun 2023 at 14:31hrs | | by Staff reporter
Telecel, NetOne lose subscriptions
TELECEL and NetOne`s active subscriptions have been consistently declining over the past five quarters, resulting in the mobile penetration rate in the country falling by 1,6% to 92,6%, a new report h...Published: 26 Jun 2023 at 06:48hrs | 5 | by Staff reporter
PPC grim warning for Zimbabwe operations
SOUTH Africa's biggest cement producer PPC, which has operations in Zimbabwe, has warned that its headline loss per share from continuing operations will widen to between 7,75c (Rands) and 8,25c to en...Published: 19 Jun 2023 at 06:44hrs | | by Staff reporter
Innscor splashes US$109m on expansion projects
INNSCOR Africa Limited has spent about US$109 million in expansion projects in the country, including building new stockfeed mills and a state-of-the-art bakery in Bulawayo.Innscor group chief...Published: 18 Jun 2023 at 08:41hrs | 1 | by Staff reporter
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