Thursday, October 18, 2018
Martin Kadzere Olivine Industries Ltd, a local unit of Wilmar International, has embarked on a $24 million plant upgrade, as it seeks to expand its food portfolio with new products. Wilmar, which holds a 65 percent controlling equity in Olivine through its local subsidiary Surface Wilmar Investments, also owns 95 percent...
Michael Magoronga MIDLANDS - Simbisa Brands, owners of popular fast foods outlet, Chicken are set to open a branch in Gokwe. Simbisa Brands Southern Region Operations Manager, Mr Xolisani Gama confirmed the development saying it has been necessitated by an overwhelming turnout of Gokwe customers to their Kwekwe branch. “There are a...
Enacy Mapakame Cleanliness is next to Godliness, so the saying goes. This is one of the motivating factors for Kusi Chemicals, a detergents manufacturing firm that aspires to become a billion dollar revenue company in the next 10 years with support from stakeholders. Kusi is still a long way to compete...
 BH24 Reporter HARARE - EcoCash and Mastercard has announced the launch of EcoCash Scan & Pay, an instant mobile payments solution for consumers and merchants, as part of their efforts to reduce cash usage and increase digital financial inclusion in Zimbabwe. The Scan & Pay payments functionality is available to EcoCash’s...
Enacy Mapakame Retail and specialty distribution group, Axia is poised for further growth in the financial year 2019 on higher disposable income especially for civil servants. Market watchers contend rising inflation in the country will also provide room for increased prices in certain lines and run rate in top-line should outperform...
Tawanda Musarurwa For the second time in two years, Government has expressed dissatisfaction with investors that had been granted permission to invest in the mothballed Kamativi Mines amid indications some officials were circumnavigating due process to sell-off the mine. The Kamativi Tin Mines in Matabeleland North are a wholly owned subsidiary...
--- Claims RBZ facilitated illegal title deed transfer n Demands RBZ mediation, $10m for damages since 2012 Business Writer --- The Reserve Bank of Zimbabwe has been sucked into the ongoing property wrangle by a real estate company, Equity Properties, which claims the apex bank allegedly facilitated the illegal transfer of...
Tawanda Musarurwa An increase in non-interest income lifted ZB Financial Holdings revenue for the five-months to May 31, 2018 by 10 percent to $32,5 million, from $29,5 million in the comparable period. Non-funded income constituted 63 percent of total income throughout the period under review. “The improved performance was attributed to increases...
Business Writer Hospitality concern, Rainbow Tourism Group (RTG) says continued foreign market growth, expenses rationalisation and balance sheet restructuring have set the group on a better financial footing with growths in the top line and occupancy being realised for the year ended 31 December 2017. The group’s revenue grew by 12...
Kudzanai Sharara Quick services restaurant and international franchise Pizza Hut, which opened its doors early February says it has had a few issues with securing import permits amid overwhelming demand for its products. The company said it was “adjusting to doing business in Zimbabwe,” and has faced a few issues with...