Management has intensified tenant engagement to recover arrears while diversifying its portfolio to reduce reliance on struggling payers.
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.
The loss reflects years of value erosion due to exchange rate volatility, ultimately dragging down the group’s earnings.
They spoke as official data showed annual inflation making an astounding comeback in April, spiralling to 85,7% — up from 57,% in April 2024.
The Nara project comprises 45 contiguous gold claims.
Nasdaq determined that the 36 months elapsed on March 31, 2025, at which time HCVI and Namib had not finished their merger.
Total assets were up nearly 25% to US$295,8 million at the end of the financial period under review, driven by loan portfolio.
Ageing security systems and outdated infrastructure have long hindered Zimbabwe’s competitiveness in the region.
The informal economy now protects millions of people from financial ruin.
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.
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
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. 
 That figure should make anyone stop and think: Without access to the right infrastructure, how can the continent truly compete on a global stage?
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.
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.
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.
The Eagle REIT project, which commenced last year, is expected to be completed in 2026. 
Zimbabwe is one of the 54 African member states participating in Afreximbank.
It is high time we mixed the people here with people from outside so that we can have realignment
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.
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.
In a presentation to shareholders, the firm disclosed it had commenced drilling on the Zimbabwe asset located in Mashonaland Central, in January.
BAZ believes the digital shift presents employees with opportunities to upskill and transition into new roles better suited to a digital economy.
The merger was expected to form a US$609 million entity, which would trade its stock on Nasdaq — the second-largest American stock exchange.
During the period, loans and advances rose by 14,37% to US$192,03 million, with the majority supporting the commercial and industrial sectors.
In an interview with businessdigest, ALPZ chairperson Caleb Mucheche said companies must prioritise fair labour practices. 
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. 
This liquidity crunch is being caused by hawkish monetary and fiscal policies meant to preserve the artificial value of the ZiG. 
The company’s chief executive officer, Samuel Matsekete, told businessdigest that the investment would support growth initiatives across various business lines. 
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.
In its financial year ended December 31, 2024, OMZ chairperson Kumbirayi Katsande said the credit lines supported key sectors of the economy.
Ndhlukula is the founder and CEO of Securico, one of Zimbabwe's leading security companies.
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.
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. 
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.
Certain challenges still exist, he noted, including currency instability, high construction costs and regulatory uncertainties, but despite these,
The deputy minister also highlighted the role of remittances in poverty alleviation and economic development.
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.
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.
Emeritus managing director, Tarupiwa Tarupiwa told businessdigest that the firm remained optimistic despite the economic uncertainties.
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.