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Bindura Nickel works to revive operations amid debt woes
Nyashadzashe NdoroChief Reporter Bindura Nickel Corporation (BNC), a leading nickel producer in Zimbabwe, continues to undergo reconstruction efforts aimed at reviving its operations and settling its...
Government Reinstates Local Ownership Mandate in Mining Sector
Nyashadzashe Ndoro Chief Reporter In a significant policy shift, President Emmerson Mnangagwa's government has announced plans to increase local shareholding in major mining projects to 26%.This move...
Innscor Africa Achieves US$910 Million Revenue, Marking 13.2% Growth
Zim Now WriterInnscor Africa Limited has reported robust performance for the financial year ending June 30, 2024, achieving a 13.2% increase in revenue despite a challenging economic landscape.Innscor...
US Govt Red Tape Hits Zimbabwe Sugar Exports
Nyashadzashe NdoroChief ReporterDelays in shipment approvals from United States authorities have taken a toll on Zimbabwe's leading sugar producer Hippo Valley Estates Limited's export market sales vo...
Regulatory Hurdles Delay TSL's US$25m Nampak Acquisition
Nyashadzashe NdoroChief ReporterThe acquisition of a 51.43% stake in Nampak Zimbabwe Limited by TSL Limited has hit a snag, with regulatory approvals delaying the completion of the transaction.The dea...
Economic Pressures Challenge ProPlastics’ Performance in 2024
Audrey Galawu Assistant Editor ProPlastics, a leading player in Zimbabwe's piping and fittings industry, reported a challenging trading environment for the first nine months of 2024, marked by declini...
High Taxes, Exchange Rate Volatility Hinder Business Growth
Rutendo MazhinduZim Now ReporterThe Zimbabwe National Chamber of Commerce 2024 Business Review Conference held at Golden Conifer, Harare, highlighted the critical challenges stifling the growth and st...
NMB Bank Opens New State-of-the-Art Branch in Bindura
Rutendo MazhinduZim Now WriterNMB Bank Zimbabwe has officially opened a larger, state-of-the-art branch in Bindura, marking a significant step in enhancing financial services and accessibility in Mash...
Zimplow Holdings revenue falls 12% as economic pressures mount
Audrey GalawuAssistant EditorZimplow Holdings Limited has reported a 12% decline in revenue for the third quarter of 2024, generating US$20.6 million compared to the same period in 2023. The drop refl...
FBC Holdings Posts ZWG$1.9 Billion Profit After Tax for Q3
Audrey Galawu Assistant EditorFBC Holdings Limited has announced a robust third-quarter financial performance, posting a profit after tax of ZWG$1.9 billion. This result underscores the Group’s resili...