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Zimbabwe Edges Closer to Oil Production with Key Agreement Imminent

Zimbabwe Edges Closer to Oil Production with Key Agreement Imminent

 Rutendo MazhinduZim Now ReporterHopes are rising in Zimbabwe as the government announces it is in the final stages of securing a crucial agreement that could pave the way for the country's first-ever...

By Philemon Jambaya •
Masimba Holdings Revenue Slides 43%

Masimba Holdings Revenue Slides 43%

Rutendo Mazhindu- Zim Now ReporterMasimba Holdings Limited recorded a steep 43% revenue decline for the first quarter ending March 31, 2025, with earnings falling to US$8.1 million from US$14.3 millio...

By Audrey Galawu •
Zim Enlists External Negotiators for Oil, Gas Talks with Invictus

Zim Enlists External Negotiators for Oil, Gas Talks with Invictus

Nyashadzashe Ndoro-Chief ReporterGovernment has engaged the African Legal Support Facility to provide expertise in ongoing negotiations with Invictus Energy, an Australian-listed company exploring for...

By Audrey Galawu •
Eagle REIT Boosts Property Investment Options

Eagle REIT Boosts Property Investment Options

 Rutendo MazhinduZimNow ReporterZimbabwe’s financial markets took a major step forward with the listing of Eagle Real Estate Investment Trust (Eagle REIT) on the Victoria Falls Stock Exchange (VFEX) o...

By Philemon Jambaya •
ZimRe Profit Up, Eyes Regional Expansion

ZimRe Profit Up, Eyes Regional Expansion

 Rutendo MazhinduZimNow ReporterZimRe Holdings Limited (ZHL) recorded strong financial results for the first quarter ending 31 March 2025, with profit rising sharply from USD0.56 million to USD1.69 mi...

By Philemon Jambaya •
Government, Insurance Council Sign MoU to Strengthen Passenger and Regional Motor Insurance

Government, Insurance Council Sign MoU to Strengthen Passenger and Regional Motor Insurance

 Oscar J JekeZim Now ReporterThe Ministry of Transport and Infrastructural Development and the Insurance Council of Zimbabwe have signed a Memorandum of Understanding aimed at enhancing insurance cove...

By Philemon Jambaya •
Masimba Holdings Revenue Drops 43% Amid Shift Away from Government Projects

Masimba Holdings Revenue Drops 43% Amid Shift Away from Government Projects

 Oscar J JekeZim Now ReporterMasimba Holdings has reported a 43% drop in revenue for the first quarter of 2025, as the construction firm strategically reduces its exposure to government contracts and...

By Philemon Jambaya •
Zimbabwe Launches Digital Livestock Stock Card to Modernise Farming Sector

Zimbabwe Launches Digital Livestock Stock Card to Modernise Farming Sector

 Oscar J JekeZim Now ReporterThe Ministry of Lands, Agriculture, Fisheries, Water and Rural Development Friday launched a new digital livestock tracking system designed to modernize Zimbabwe’s livesto...

By Philemon Jambaya •
First Capital Bank drives US$23m profit tops US$100m

First Capital Bank drives US$23m profit tops US$100m

Zim Now WriterFirst Capital Bank Zimbabwe contributed US$23 million in profit after tax to FMBcapital Holdings Plc’s record US$103.5 million group profit for the year ending December 2024, solidifying...

By Audrey Galawu •
Innscor Posts Broad-Based Q3 Volume Growth on Strong Demand

Innscor Posts Broad-Based Q3 Volume Growth on Strong Demand

Rutendo Mazhindu- Zim Now ReporterInnscor Africa Limited reported strong volume growth across most of its core businesses during the third quarter ended March 31, 2025, despite continued cost and marg...

By Audrey Galawu •