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EcoCash completes transfer non-banking assets to Econet

EcoCash completes transfer non-banking assets to Econet

  Nyashadzashe NdoroChief Reporter EcoCash Holdings Zimbabwe Limited has announced the completion of its scheme of reconstruction, involving the transfer of all non-banking assets to Econet Wireless Z...

By Monica Cheru •
Manufacturing sector grows 19% in Q2 2024 with mixed sub-sector performance

Manufacturing sector grows 19% in Q2 2024 with mixed sub-sector performance

Audrey GalawuAssistant EditorThe manufacturing sector in Zimbabwe demonstrated resilience in the second quarter of 2024, as reflected in the Volume of Manufacturing Index report by ZimStat.The VMI rea...

By Audrey Galawu •
Shareholder approval needed for TSL US$25m Nampak acquisition

Shareholder approval needed for TSL US$25m Nampak acquisition

Nyashadzashe NdoroChief ReporterTSL Limited's proposed acquisition of a 51.43% stake in Nampak Zimbabwe Limited for US$25 million requires shareholder approval, the company announced.The deal, subject...

By Audrey Galawu •
Wadana Agro-Consultancy: Zimbabwe’s Youth-Driven Agribusiness Revolution

Wadana Agro-Consultancy: Zimbabwe’s Youth-Driven Agribusiness Revolution

Witness Runodada  Zim Now ReporterAshley Nyaruwanga, a young visionary from Zimbabwe, has transformed a casual interest in videography into a thriving agribusiness venture. As the co-founder and CEO o...

By Audrey Galawu •
Malawi’s business boom: Charting growth across key sectors

Malawi’s business boom: Charting growth across key sectors

Nyashadzashe NdoroChief ReporterFidelity Life Assurance of Zimbabwe Limited has reported a notable performance in its Malawi operations, with a 32% growth in group business, despite the challenging op...

By Audrey Galawu •
Zimre Holdings sees 56% profit surge to US$9.8m in Q3 2024

Zimre Holdings sees 56% profit surge to US$9.8m in Q3 2024

Caption: Zimre Holdings Limited Analyst Briefing held at the Royal Harare Golf Club.Nyashadzashe NdoroChief ReporterZimre Holdings Limited, a diversified financial services company listed on the Zimba...

By Audrey Galawu •
Chamber of Mines says sector revenue to reach US$6 Billion by 2025

Chamber of Mines says sector revenue to reach US$6 Billion by 2025

  New Ziana – The mining sector in Zimbabwe is expected to register a 2 percent increase in revenue generation this year to US$5.5 billion, with projections indicating a surge to around $6 billion nex...

By Audrey Galawu •
Zimbabwe Gold Deliveries Surge 33% in Q3, Driven by Incentives and Policy Changes

Zimbabwe Gold Deliveries Surge 33% in Q3, Driven by Incentives and Policy Changes

Zim Now WriterGold deliveries to Fidelity Printers and Refiners, Zimbabwe’s official buyer of the precious metal, rose significantly in the third quarter of 2024. Deliveries jumped by 33% to reach 10,...

By Audrey Galawu •
Axia’s suffers 23% distribution revenue decline, does well with Transerv and TV Sales and Home

Axia’s suffers 23% distribution revenue decline, does well with Transerv and TV Sales and Home

Audrey GalawuAssistant EditorAxia Corporation Limited's latest financial results revealed a 23% year-on-year revenue decline in its Zimbabwe distribution business, reflecting challenges in an evolving...

By Audrey Galawu •
AFDIS fights ZIMRA US$1.8m penalty in currency dispute

AFDIS fights ZIMRA US$1.8m penalty in currency dispute

Audrey GalawuAssistant EditorThe Zimbabwe Revenue Authority and African Distillers are entangled in a legal dispute after the tax authority issued a US$1.8 million penalty against the beverage bottler...

By Audrey Galawu •