60% of the market in low-end segment: Edgars
The push into the low-end segment of the market comes as the second-hand clothing market has destroyed formal retailers as they cannot compete with these cheaper offerings.
By LEE MUSAIDZI
6h ago
‘Govt wants to be central in carbon credit trading’
The government recently legislated Statutory Instrument (SI) 48 of 2025, which introduced holistic regulations to govern how carbon credit trading is conducted.
By Blessed Ndlovu
6h ago
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Invictus finalises preps for pilot gas, petroleum production
Invictus’s Cabora Bassa Gas and Oil Project is located in the Muzarabani district of Mashonaland Central Province, northeast of Zimbabwe.
By Tatira Zwinoira
May. 12, 2025
Securities firm tips ‘agile stocks’ for growth
In its April 2025 monthly report, IH Securities said the ZSE market capitalisation weakened to ZiG58,08 billion in April, down 7,12% from ZiG62,53 billion in March.
By Tatira Zwinoira
May. 12, 2025
Global Forecast: Top BPO Companies 2025 and Beyond
As we advance beyond 2025, the global BPO landscape will continue to evolve,
By Newsday
May. 11, 2025
Chitando bemoans gold smuggling
According to the United Kingdom-based gold market tracker BullionVault Ltd, year to date, gold prices have surged by 40% to US$3 338,19 per ounce for the mineral.
By LEE MUSAIDZI
May. 9, 2025
Mines ministry steps up EPOs review
This follows last year’s decision to halt the automatic renewal of expiring EPOs, a move aimed at curbing speculative land holding in Zimbabwe’s mineral-rich provinces.
By Ashton Ndakusiya
May. 9, 2025
US$20,03m Eagle REIT gets VFEX nod
The Eagle REIT will list 137 553 752 units on the VFEX through an introductory listing.
By TAFADZWA MHLANGA
May. 8, 2025
Vast receives its blocked diamonds from RBZ
It was revealed that the board currently anticipates that the selling process will be conducted in a phased manner to maximise value for the company and its shareholders.
By Business Reporter
May. 8, 2025
ZAS begins preparations for 2025 agric show
The 115th edition of the show has attracted increased interest if the number of those registering is anything to go by, ZAS said.
By Blessed Ndlovu
May. 7, 2025
Govt aims to tap into US$200m local carbon credits market
Zimbabwe generated 31 293 689 carbon credits from 26 projects as of October 2024, according to the American-based Voluntary Registry Offsets Database.
By TAFADZWA MHLANGA
May. 7, 2025
Fastjet appoints general sales agent for Zambia
APG Zambia is part of a French-based passenger and cargo general sales agent airline representation network of the same name.
By Business Reporter
May. 7, 2025
Ncube to speak at energy forum amid power cuts
In a statement, Energy Capital & Power, a South African leading investment platform for the energy sector on the continent, said Zimbabwe was seeking to attract investment at the event.
By LEE MUSAIDZI
May. 7, 2025
First Mutual Properties records US$57,28m loss in FY24
Last year, FMP had an independent valuation of its property by realtor Knight Frank Zimbabwe, which reduced the company’s investment portfolio by 26,04%.
By TAFADZWA MHLANGA
May. 6, 2025
Proplastics bemoans export retention threshold
During the first quarter, the Reserve Bank of Zimbabwe (RBZ) raised its export retention threshold to 30% from 25%.
By LEE MUSAIDZI
May. 6, 2025
POSB, Zimnat in strategic partnership
POSB chief executive officer, Garainashe Changunda said the bank was dedicated to be enhancing its service offerings and meeting the evolving needs of its customers.
By TAFADZWA MHLANGA
May. 5, 2025
African Sun to offload US$15m hotel by June 30
The sale of Monomotapa Hotel comes as the hotel recorded a loss of US$883 293 in 2023, before turning it into a profit after tax of US$88 992 last year.
By Tatira Zwinoira and LEE MUSAIDZI
May. 5, 2025
OK says US$30m capital raise at advanced stage
Last month, OK’s board resolved to undertake a capital raise of US$30 million to bridge a funding gap, pay creditors and stabilise the company’s financial position.
By Tatira Zwinoira
May. 5, 2025
CZI concerned over ‘very high’ annual inflation rate
Market analysts, economists and experts have disputed the double-digit inflation rate, with most saying it had entered triple-digit territory.
By Tatira Zwinoira
May. 5, 2025
Kavango finds ‘promising results’ from Hillside exploration
With gold now trading at record highs over US$3 000, Kavango has worked to define the initial results at the Prospect 3 and 4.
By Tatira Zwinoira
May. 5, 2025
Caledonia to restate some financials owing to tax calculations
Blanket Mine (1983) (Private) Limited owns Caledonia’s best gold producing mining outfit, Blanket Mine.
By Blessed Ndlovu
May. 2, 2025
Formalise, professionalise small-scale mining: YMF
In March, Fidelity Gold Refinery reported that small-scale miners delivered 1 864.957kg of gold, compared to 928.817kg from large-scale miners.
By LEE MUSAIDZI
May. 2, 2025
MNO revenue up 88,8% in 2024 Q4
Potraz said the sector envisaged a growth trajectory driven by increased adoption of emerging technologies like artificial intelligence, internet of things and machine learning.
By TAFADZWA MHLANGA
May. 2, 2025
Icaz official expects SI34 of 2025 to enhance business transparency
This results in undervaluation of income, overstated costs, or skewed profits, leading to misleading financial ratios, poor comparability and weakened investor confidence.
By Ashton Ndakusiya
May. 2, 2025
Zim to benefit from Africa Congress of Accountants conference
The conference is ACOA’s 8th and will be co-hosted by the Institute of Certified Public Accountants of Rwanda (ICPAR) together with PAFA.
By Blessed Ndlovu
May. 1, 2025
New pension fund enters market, targets informal players
Launched in 2024, Donhodzo operates under two subsidiaries — Donhodzo Micro-Pension Fund and Donhodzo Microfinance.
By Ashton Ndakusiya
Apr. 30, 2025
Turnall widens loss in FY24
According to the Confederation of Zimbabwe Industries, companies older than five years are performing well, out of the 4 552 manufacturing firms surveyed.
By Tatira Zwinoira
Apr. 30, 2025
CBZ assets up 13% in Q1 on solid deposit base
The increase is from ZiG34,4 billion recorded at the end of the fourth quarter of last year.
By TAFADZWA MHLANGA
Apr. 30, 2025
