Management has intensified tenant engagement to recover arrears while diversifying its portfolio to reduce reliance on struggling payers.
Business Digest
By Tatira Zwinoira
May. 9, 2025
The average platinum group of metals (PGM) basket price used on the Mimosa equity-accounted joint venture was R25 433 per ounce of 4E metals.
Business Digest
By Staff Reporter
May. 9, 2025
The loss reflects years of value erosion due to exchange rate volatility, ultimately dragging down the group’s earnings.
Business Digest
By Tatira Zwinoira
May. 9, 2025
They spoke as official data showed annual inflation making an astounding comeback in April, spiralling to 85,7% — up from 57,% in April 2024.
Business Digest
By Mthandazo Nyoni
May. 9, 2025
The Nara project comprises 45 contiguous gold claims.
Business Digest
By Tatira Zwinoira
May. 2, 2025
Nasdaq determined that the 36 months elapsed on March 31, 2025, at which time HCVI and Namib had not finished their merger.
Business Digest
By Staff Writer
May. 2, 2025
Total assets were up nearly 25% to US$295,8 million at the end of the financial period under review, driven by loan portfolio.
Business Digest
By Tatira Zwinoira
May. 2, 2025
Ageing security systems and outdated infrastructure have long hindered Zimbabwe’s competitiveness in the region.
Business Digest
By Freeman Makopa
May. 2, 2025
The informal economy now protects millions of people from financial ruin.
Business Digest
By Vongai Mahagwe
Apr. 25, 2025
Key Performance Indicators (KPIs) are key in the provision of an in-depth analysis of where the procurement function is impacting on the business and how the impact changes overtime.
Business Digest
By Charles Nyika
Apr. 25, 2025
Justin Bgoni, chief executive officer at the ZSE, told businessdigest the ratio figure would reach between 20% and 25% during the period, placing the bourse
Business Digest
By Mthandazo Nyoni
Apr. 25, 2025
Zida said this week the telecoms sector was rapidly transitioning to data-driven services, with mobile internet and data traffic continuing to rise.
Business Digest
By Lee Musaidzi
Apr. 25, 2025
Due to so many moving parts in procurement, it can be easy for rogue spending to seep through the cracks, leading to fraud and serious compliance infractions.
Business Digest
By Charles Nyika
Apr. 17, 2025
That figure should make anyone stop and think: Without access to the right infrastructure, how can the continent truly compete on a global stage?
Business Digest
By Evans Sagomba
Apr. 17, 2025
Medical aid schemes in Zimbabwe have also lost much of their sheen.
Business Digest
By Memory Nguwi
Apr. 17, 2025
Access to an email address, a smartphone and a mobile number is no longer a luxury.
Business Digest
By Jacob Mutisi
Apr. 17, 2025
According to an AfDB implementation progress report, US$8,62 million of the loan had been disbursed as of April 4, with the project slated for completion in two months’ time.
Business Digest
By Tatira Zwinoira
Apr. 17, 2025
The expansion follows Old Mutual Zimbabwe’s US$7,3 million investment in 2021 to construct a 5,3MW solar plant on a 100-hectare site at Cross Mabale.
Business Digest
By Tafadzwa Mhlanga
Apr. 17, 2025
ZimAlloys managing director Deric Dube told businessdigest this week that a substantial portion of the capital outlay had been used to procure equipment, among other priorities.
Business Digest
By Tinashe Kairiza
Apr. 17, 2025
The Eagle REIT project, which commenced last year, is expected to be completed in 2026.
Business Digest
By Tafadzwa Mhlanga
Apr. 17, 2025
Zimbabwe is one of the 54 African member states participating in Afreximbank.
Business Digest
By Mthandazo Nyoni
Apr. 14, 2025
It is high time we mixed the people here with people from outside so that we can have realignment
Business Digest
By Freeman Makopa
Apr. 11, 2025
Consumer Council of Zimbabwe chief executive officer, Rose Mpofu noted that the counterfeiting challenge is not unique to Zimbabwe. She said this was a global crisis.
Business Digest
By Staff Reporter
Apr. 11, 2025
Mutorogodo added that the reason behind the low number of claims was mostly due to the slow submission of claims due to the stringent “know your client” requirements.
Business Digest
By Blessed Ndlovu
Apr. 11, 2025
In a presentation to shareholders, the firm disclosed it had commenced drilling on the Zimbabwe asset located in Mashonaland Central, in January.
Business Digest
By Tatira Zwinoira
Apr. 11, 2025
BAZ believes the digital shift presents employees with opportunities to upskill and transition into new roles better suited to a digital economy.
Business Digest
By Ashton Ndakusiya
Apr. 11, 2025
The merger was expected to form a US$609 million entity, which would trade its stock on Nasdaq — the second-largest American stock exchange.
Business Digest
By Business Reporter
Apr. 11, 2025
During the period, loans and advances rose by 14,37% to US$192,03 million, with the majority supporting the commercial and industrial sectors.
Business Digest
By Lee Musaidzi
Apr. 4, 2025
In an interview with businessdigest, ALPZ chairperson Caleb Mucheche said companies must prioritise fair labour practices.
Business Digest
By Lee Musaidzi
Apr. 4, 2025
According to Choppies’ unaudited interim financial results for the six months ended December 31, 2024, the supermarket chain’s Zimbabwe unit was a cash drain.
Business Digest
By Tatira Zwinoira
Apr. 4, 2025
This liquidity crunch is being caused by hawkish monetary and fiscal policies meant to preserve the artificial value of the ZiG.
Business Digest
By Tatira Zwinoira
Apr. 4, 2025
The company’s chief executive officer, Samuel Matsekete, told businessdigest that the investment would support growth initiatives across various business lines.
Business Digest
By Tafadzwa Mhlanga
Apr. 4, 2025
Banking groups have in the past year culled over 500, according to estimates by Zibawu, which predicts a bloodbath in 2025, as operators respond to tech-driven upheavals.
Business Digest
By Tatira Zwinoira
Apr. 4, 2025
In its financial year ended December 31, 2024, OMZ chairperson Kumbirayi Katsande said the credit lines supported key sectors of the economy.
Business Digest
By Tafadzwa Mhlanga
Mar. 28, 2025
Ndhlukula is the founder and CEO of Securico, one of Zimbabwe's leading security companies.
Business Digest
By Gloria Ndoro-mkombachoto
Mar. 28, 2025
Regarding the Pomona Commercial Centre Development project, she noted that construction began in the third quarter of 2023 and was completed in the fourth quarter of 2024.
Business Digest
By Lee Musaidzi
Mar. 28, 2025
Nyanhongo said the performance came despite challenging macroeconomic conditions, including a severe drought that ravaged southern Africa, leaving
Business Digest
By Staff Writer
Mar. 28, 2025
According to the Zimbabwe Association of Pension Funds, the local pension industry holds about US$1,7 billion in assets, with properties accounting for 41% of the total.
Business Digest
By Tafadzwa Mhlanga
Mar. 28, 2025
Namib owns three gold mines in Zimbabwe.
Business Digest
By Staff Writer
Mar. 28, 2025
Zimbabwe’s mining industry contributes over 60% of the country’s export earnings and is worth billions of US dollars, hence Ericsson’s interest.
Business Digest
By Ashton Ndakusiya
Mar. 28, 2025
Kavango has three projects in Zimbabwe, with the firm focusing on its most promising project, Hillside, which consists of 44 gold claims covering 503 hectares.
Business Digest
By Ashton Ndakusiya
Mar. 28, 2025
This comes as trade between Zimbabwe and Sweden remains low.
Business Digest
By Lee Musaidzi
Mar. 28, 2025
Certain challenges still exist, he noted, including currency instability, high construction costs and regulatory uncertainties, but despite these,
Business Digest
By Business Reporter
Mar. 26, 2025
The deputy minister also highlighted the role of remittances in poverty alleviation and economic development.
Business Digest
By Mthandazo Nyoni
Mar. 21, 2025
Makomo had been under corporate rescue since 2021, after being overwhelmed by creditor demands amounting to millions of United States dollars.
Business Digest
By Staff Writer
Mar. 21, 2025
RECs are tradable, non-tangible certificates that represent the environmental attributes of one megawatt-hour (MWh) of renewable electricity generated and fed into the grid.
Business Digest
By Blessed Ndlovu
Mar. 21, 2025
In its financial results for the year ended December 31, 2024, OML stated that the RBZ was still enforcing limitations on transferring funds out of Zimbabwe.
Business Digest
By Tatira Zwinoira
Mar. 21, 2025
Emeritus managing director, Tarupiwa Tarupiwa told businessdigest that the firm remained optimistic despite the economic uncertainties.
Business Digest
By Mthandazo Nyoni
Mar. 21, 2025
This translates to nearly US$21 million in monthly losses, highlighting the growing threat of financial crime within Zimbabwean businesses.
Business Digest
By Lee Musaidzi
Mar. 21, 2025
Human oversight is one of the key ingredients that will ensure that the law can mitigate risks and prevent AI-related harm.
Business Digest
By Evans Sagomba
Mar. 21, 2025