Company News

3 months ago | January 19, 2024

‘NRZ uncompetitive . . . takes an upward of 50 days to deliver cargo’

Business Writer THE financially hamstrung National Railways of Zimbabwe (NRZ) has been marred by operational ...

3 months ago | January 18, 2024

Econet, Ecocash plot asset swap

Malvin Nkomo Econet Wireless Zimbabwe (Econet) and EcoCash Holdings Limited (EcoCash), being companies under the same ...

3 months ago | January 17, 2024

Gunda replaces Tsuroh at the helm of GB Holdings

Business Writer GB Holdings has appointed Joseph Gunda as the acting managing director of the company with effect from ...

3 months ago | January 15, 2024

First Mutual Life cautions shareholders

Tapiwanashe Mangwiro First Mutual Holdings has issued a cautionary statement regarding its subsidiary First Mutual Life ...

4 months ago | January 12, 2024

FMBCH anticipates 2023 profit to bulk 28 percent

Business Writer FMBcapital Holdings (FMBCH), which has banking and finance operations in the region, including Zimbabwe, ...

Willdale crusher investment pays dividends

Michael Tome WILLDALE Limited says it will continue exploring various options for enhancing plant capacity and product ...

Prospect Lithium Zim spends US$700m on Arcadia project

Business Reporter PROSPECT Lithium Zimbabwe (PLZ) has spent in excess of US$700 million towards acquisition and ...

4 months ago | January 10, 2024

CFI Holdings’ Farm and City faces difficult times

Enacy Mapakame Agro – concern, CFI Holdings Limited’s retail unit – and group’s biggest business Farm and City ...

4 months ago | January 9, 2024

Edgars makes senior appointment

Business Writer Clothing retail giant, Edgars Stores Limited, has appointed Chesternoel Mutevhe as group chief finance ...

4 months ago | January 8, 2024

Ecobank, Stanbic have best industrial relations 

Tapiwanashe Mangwiro Ecobank Zimbabwe has been recognised as the best employer by the Zimbabwe Banks and Allied Workers ...

4 months ago | January 5, 2024

Power supply remains a threat for companies

Nelson Gahadza The country’s power supply situation continues to be a liability as companies are losing production hours ...

El Niño to hit CFI sales volumes

Michael Tome CFI Holdings says it anticipates a tough operating environment in 2024 owing to the El Niño phenomenon that ...

Marula to list on the JSE/ Nairobi Securities Exchange

Oliver Kazunga UNITED Kingdom-based mining group, Marula Mining, with interest in Zimbabwe’s mining industry, has ...

Ariston enjoys good tea prices

Enacy Mapakame Listed agricultural concern Ariston Holdings Limited expects to start seeing positive contribution from ...

Metro Peech retrenchees cry foul over package

Business Writer SOME retrenched workers at Metro Peech & Browne Wholesalers Limited– currently under corporate ...

4 months ago | December 21, 2023

Companies lean against USD sales for survival

Nelson Gahadza Zimbabwean businesses in 2023 experienced two different operating environments, which resulted in ...

Currency instability erodes Edgars’ sales

Michael Tome EDGARS Stores Limited, says its unit sales receded 2,4 percent year on year to October on the back of ...

National Foods invests in measures to curb cyberattacks

Business Writer Leading food processing giant for both human and animal consumption, National Foods Holdings Limited, ...

High cost of doing business worries OK Zim

Nelson Gahadza Ok Zimbabwe says that as a consequence of exchange rate deterioration, the cost of doing business has ...

4 months ago | December 15, 2023

Ecobank secures US$200m climate financing facility

Enacy Mapakame Ecobank Group has secured an historic $200 million sustainability – linked loan from European ...