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Retailer Food World placed under corporate rescue

The company also noted that it has faced considerable challenges in meeting some of its obligations to creditors as and when they fall due.

By TAFADZWA MHLANGA Mar. 7, 2025

Retailer Food World placed under corporate rescue

After years of underperformance, RioZim majority shareholders opt out

By Tatira Zwinoira Mar. 7, 2025

Gold deliveries fall by 18% in February

By Ashton Ndakusiya Mar. 7, 2025

Eagles’ Nest Agri-Challenge set to revolutionise agric sector

Training will cover essential skills like food preservation, packaging, branding, and the development of market-ready agro-products.

By Mthandazo Nyoni Mar. 6, 2025

Matamisa calls for competitiveness in tourism sector

The higher prices charged by local tourism players is a result of exchange rate volatility, the export retention threshold of 30%, as well as regulatory and policy inconsistencies.

By Blessed Ndlovu Mar. 6, 2025

Matamisa calls for competitiveness in tourism sector

IIZ president calls for strategic collaboration

The inaugural summit is running under the theme Rethinking Insurance for a New Era: Strategies for Zimbabwean Companies to Thrive in a Changing Industry.

By Mthandazo Nyoni Mar. 6, 2025

IIZ president calls for strategic collaboration

AfDB disburses 98,12% of disaster preparedness project

The US$1,78 million facility, the Africa Disaster Risk Financing (ADRiFi), has todate disbursed about US$1,75 million.

By Business Reporter Mar. 5, 2025

AfDB disburses 98,12% of disaster preparedness project

Ariston sees 16% drop in revenue, plans to fire staff

The firm revealed that there was an early indication that demand for macadamia nuts would be firm with improved prices.

By TAFADZWA MHLANGA Mar. 5, 2025

Ariston sees 16% drop in revenue, plans to fire staff

NBS eyes unbanked segment in expansion drive

The NBS Chiredzi branch, located in the Masvingo Province, will serve clients such as farmers, corporate entities, small and medium enterprises and individual customers.

By Blessed Ndlovu Mar. 4, 2025

NBS eyes unbanked segment in expansion drive

PPC reports 12% decline in revenue for Zim operations

In a trading update for the 10 months ended January 31, 2025, PPC revealed that local volumes declined 9% in the current period, consistent with the 9% decline at the half-year.

By TAFADZWA MHLANGA Mar. 4, 2025

PPC reports 12% decline in revenue for Zim operations

Innbucks takes knock on profit after tax in HY25

InnBucks core capital position closed the period under review at ZiG248,04 million, blowing past the regulatory minimum of ZiG111,14 million.

By Ashton Ndakusiya Mar. 4, 2025

Innbucks takes knock on profit after tax in HY25

RBZ cranks up pressure for businesses to formalise

A 2022 RBZ study found that the informal sector is estimated to generate an annual turnover of US$14,2 billion.

By Blessed Ndlovu Mar. 4, 2025

RBZ cranks up pressure for businesses to formalise

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RTG eyes US$1m solar plant at flagship unit

Madziwanyika said the flagship property had parking space and space on top of the Rainbow Towers Hotel and Harare International Conference Centre for the solar project.

By TAFADZWA MHLANGA Mar. 3, 2025

RTG eyes US$1m solar plant at flagship unit

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Security firm warns of increased breaches

In the 2025 Monetary Policy Statement, the Reserve Bank of Zimbabwe (RBZ) noted with concern the abuse of safe deposit boxes and the proliferation of “shadow banks’.

By LEE MUSAIDZI Mar. 3, 2025

Security firm warns of increased breaches

Invictus reveals sustainability initiatives

In December 2023, the company made a gas discovery and also discovered a prospective resource of 184 million barrels of oil condensate in the third quarter of last year.

By Business Reporter Mar. 3, 2025

Invictus reveals sustainability initiatives

Simbisa braces for fast-food tax

The value of local assets rose to US$129,93 million during the period under review, from US$123,23 million as of June 30, 2024.

By Tatira Zwinoira Feb. 28, 2025

TM Pick N Pay navigates turbulent terrain

Meikles said all obtaining subsidiaries generated positive cash flows during the period and the group remained strong, bolstered by the US cash balance from its offshore subsidiary.

By Tatira Zwinoira Feb. 28, 2025

TM Pick N Pay navigates turbulent terrain

Padenga goes all-in on gold mining

This was done through a US$19,9 million capital injection.

By TAFADZWA MHLANGA Feb. 28, 2025

Teetering OK draws up internal corporate rescue plan

OK has engaged Axcentium Zimbabwe to undertake a post implementation review.

By Tatira Zwinoira Feb. 28, 2025

Teetering OK draws up internal corporate rescue plan

Govt exchange rate distortions cost market US$4,5bn

Such actions could lead to higher revenue collections which could go towards stabilising the ZiG as it would increase foreign currency reserves.

By Tatira Zwinoira Feb. 27, 2025

Govt exchange rate distortions cost market US$4,5bn

RTG completes US$380K refurbishments of Vic Falls properties

The group conducted the refurbishment between January 6, 2025 and February 20, this month, of its A’Zambezi River Lodge and the Victoria Falls Rainbow Hotel properties in the resort town.

By TAFADZWA MHLANGA Feb. 27, 2025

RTG completes US$380K refurbishments of Vic Falls properties

Economy at critical juncture: Economists

The Reserve Bank of Zimbabwe’s plan to foster stability in the economy involves policy strategy focusing on price, currency and exchange rate stability.

By LEE MUSAIDZI Feb. 26, 2025

Economy at critical juncture: Economists

ZCBTA calls for mass markets conversion into employment zones

Zimbabwe’s informal sector is a major driver of economic activity, contributing 80% of employment and 60% of the gross domestic product valued at over US$8 billion.

By Ashton Ndakusiya Feb. 26, 2025

ZCBTA calls for mass markets conversion into employment zones

Rising costs milk Dairibord

Ndoro said there would be continuous route to market optimisation as well as cost containment and cost reduction initiatives.

By TAFADZWA MHLANGA Feb. 26, 2025

Canadian miner bullish on getting EPOs approved

ILC is a well-funded lithium and rare metals exploration and development company with strategic interests in Canada, Zimbabwe and Ireland.

By Tatira Zwinoira Feb. 25, 2025

Canadian miner bullish on getting EPOs approved

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‘Adopt ESG-conscious projects to lure investments’

In an online webinar on ESG funding, Berejema encouraged stakeholders to leverage existing capital market infrastructure to tap into opportunities like carbon credits.

By Blessed Ndlovu Feb. 25, 2025

‘Adopt ESG-conscious projects to lure investments’

CNRG calls for redefinition of sustainable mining

The two indabas are annual events that were held recently in South Africa.

By Business Reporter Feb. 25, 2025

CNRG calls for redefinition of sustainable mining

Tax strategy pays off for Tanganda

Revealing the tax strategy in its annual report for the period ended September 30, 2024, Tanganda said the plan ensured adherence to the country's tax laws.

By Tatira Zwinoira Feb. 24, 2025

ZNCC apprises members on liquidation, corporate rescue

ZNCC last week held a webinar for its members in which legal and insolvency practitioner Reuben Mukavhi spoke of the mechanics of corporate rescue.

By LEE MUSAIDZI Feb. 24, 2025

ZNCC apprises members on liquidation, corporate rescue

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Miners bet on Zim-SA partnership to unlock investments

In an interview with NewsDay Business, Kupfuwa said the partnership sought to equip young miners with the necessary business skills to thrive in the billion-dollar industry.

By LEE MUSAIDZI Feb. 24, 2025