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Business

First Mutual Properties records US$57,28m loss in FY24

Last year, FMP had an independent valuation of its property by realtor Knight Frank Zimbabwe, which reduced the company’s investment portfolio by 26,04%.

By TAFADZWA MHLANGA 2h ago

First Mutual Properties records US$57,28m loss in FY24

Proplastics bemoans export retention threshold

By LEE MUSAIDZI 2h ago

Kavango finds ‘promising results’ from Hillside exploration

By Tatira Zwinoira May. 5, 2025

African Sun to offload US$15m hotel by June 30

The sale of Monomotapa Hotel comes as the hotel recorded a loss of US$883 293 in 2023, before turning it into a profit after tax of US$88 992 last year.

By Tatira Zwinoira and LEE MUSAIDZI May. 5, 2025

OK says US$30m capital raise at advanced stage

Last month, OK’s board resolved to undertake a capital raise of US$30 million to bridge a funding gap, pay creditors and stabilise the company’s financial position.

By Tatira Zwinoira May. 5, 2025

OK says US$30m capital raise at advanced stage

CZI concerned over ‘very high’ annual inflation rate

Market analysts, economists and experts have disputed the double-digit inflation rate, with most saying it had entered triple-digit territory.

By Tatira Zwinoira May. 5, 2025

CZI concerned over ‘very high’ annual inflation rate

MNO revenue up 88,8% in 2024 Q4

Potraz said the sector envisaged a growth trajectory driven by increased adoption of emerging technologies like artificial intelligence, internet of things and machine learning.

By TAFADZWA MHLANGA May. 2, 2025

Formalise, professionalise small-scale mining: YMF

In March, Fidelity Gold Refinery reported that small-scale miners delivered 1 864.957kg of gold, compared to 928.817kg from large-scale miners.

By LEE MUSAIDZI May. 2, 2025

Formalise, professionalise small-scale mining: YMF

Caledonia to restate some financials owing to tax calculations

Blanket Mine (1983) (Private) Limited owns Caledonia’s best gold producing mining outfit, Blanket Mine.

By Blessed Ndlovu May. 2, 2025

Caledonia to restate some financials owing to tax calculations

Icaz official expects SI34 of 2025 to enhance business transparency

This results in undervaluation of income, overstated costs, or skewed profits, leading to misleading financial ratios, poor comparability and weakened investor confidence.

By Ashton Ndakusiya May. 2, 2025

Icaz official expects SI34 of 2025 to enhance business transparency

Zim to benefit from Africa Congress of Accountants conference

The conference is ACOA’s 8th and will be co-hosted by the Institute of Certified Public Accountants of Rwanda (ICPAR) together with PAFA.

By Blessed Ndlovu May. 1, 2025

Zim to benefit from Africa Congress of Accountants conference

Turnall widens loss in FY24

According to the Confederation of Zimbabwe Industries, companies older than five years are performing well, out of the 4 552 manufacturing firms surveyed.

By Tatira Zwinoira Apr. 30, 2025

New pension fund enters market, targets informal players

Launched in 2024, Donhodzo operates under two subsidiaries — Donhodzo Micro-Pension Fund and Donhodzo Microfinance.

By Ashton Ndakusiya Apr. 30, 2025

New pension fund enters market, targets informal players

US$16,2m housing project begins

Madhlabuta said it was a landmark development offering diverse housing options to be implemented in three phases.

By TAFADZWA MHLANGA Apr. 30, 2025

CBZ assets up 13% in Q1 on solid deposit base

The increase is from ZiG34,4 billion recorded at the end of the fourth quarter of last year.

By TAFADZWA MHLANGA Apr. 30, 2025

CBZ assets up 13% in Q1 on solid deposit base

Khayah to delist from ZSE

Khayah’s board voluntarily placed the company under corporate rescue in accordance with the provisions of the Insolvency Act [Chapter 6:07], effective from December 30, 2024.

By TAFADZWA MHLANGA Apr. 29, 2025

‘End of official rate-based pricing, not exchange rate relaxation’

The repeal allows businesses to price goods and services as they see fit according to market dynamics.

By Tatira Zwinoira Apr. 29, 2025

‘End of official rate-based pricing, not exchange rate relaxation’

IIAZ partners Reformed Church University to introduce new degree

He said that in the past, practitioners came from backgrounds such as accounting, without specific internal audit qualifications.

By Ashton Ndakusiya Apr. 29, 2025

IIAZ partners Reformed Church University to introduce new degree

Treasury commits to industrialisation agenda

The ministry made these remarks during the 2025 International Business Conference held last week at the Zimbabwe International Trade Fair.

By Business Reporter Apr. 29, 2025

Treasury commits to industrialisation agenda

Edgars opens new stores in expansion drive

Edgars reintroduced its Express Stores to target low-income consumers to compete with the

By LEE MUSAIDZI Apr. 28, 2025

Edgars opens new stores in expansion drive

Premium

Zim pleads with US to drop tariffs to 10%

Ncube said the American government’s tariff regime emerged as a topical issue during the IMF/World Bank Spring Meetings, as it threatened the global economy.

By Tatira Zwinoira Apr. 28, 2025

Zim pleads with US to drop tariffs to 10%

From this amount, the output by manufacturing firms decreased by 0,5% in 2024 as capacity utilisation fell by 0,9% to 52,3% last year compared to 2023.

By Silas Nkala Apr. 25, 2025

‘We are trending towards de-industrialisation’: Kuvarika

Mashonaland Holdings declares final dividend of US$230 000 for FY24

The group’s major property developments include the Pomona Commercial Centre Development Project, Milton Park Day Hospital, and Chiyedza House SME Centre.

By TAFADZWA MHLANGA Apr. 25, 2025

Mashonaland Holdings declares final dividend of US$230 000 for FY24

Huayou Cobalt bets on Arcadia Lithium Mine

It said that its products were launched in global markets such as in China, Japan, South Korea, Europe, and America.

By Blessed Ndlovu Apr. 25, 2025

Huayou Cobalt bets on Arcadia Lithium Mine

RBZ urges industry to use industrialisation financing options

To achieve that ‘stability’, the RBZ had to reduce the money supply to below normal market levels, resulting in a serious liquidity crunch which triggered deflation.

By Bongile Moyo Apr. 24, 2025

RBZ urges industry to use industrialisation financing options

Econet puts up impressive, immersive stand at ZITF 2025

Above the stand, kinetic LED balls move in synchronised rhythms, underlining the stand’s futuristic feel.

By Boitumelo Makhurane Apr. 24, 2025

Econet puts up impressive, immersive stand at ZITF 2025

Young miners secure 300ha of land for chrome washing

She added: “Together, we’re building a sustainable future for artisanal mining, one that prioritises economic viability, environmental responsibility and social welfare.

By LEE MUSAIDZI Apr. 24, 2025

Young miners secure 300ha of land for chrome washing

US Africa Trade Commission urges Zim to capitalise on trade

Some bilateral agreements include the Trade and Investment Framework Agreement signed in 2013, which aims to promote trade and investment between to the two nations.

By TAFADZWA MHLANGA Apr. 24, 2025

US Africa Trade Commission urges Zim to capitalise on trade

Private sector can play a leading role in investing in sustainable sources of energy

So, we have invested in sources of renewable energy within the group, solar plants at our head office and other major offices.

By SAM MATSEKETE Apr. 23, 2025

Private sector can play a leading role in investing in sustainable sources of energy

Prospect Resources prepares to monetise Step Aside Lithium Project

Prospect halted exploration efforts at its Bikita Gem and Step Aside Lithium Projects, as the former yielded few results, while the latter was being prepped for sale.

By Blessed Ndlovu Apr. 23, 2025