From taxes on fizzy drinks, higher toll gate fees and lithium levies, Finance Mthuli Ncube has brought a battery of new taxes under his 2024 budget. With little external support, Ncube is putting the...
Competition regulators have turned down a request by Varun Beverages, the bottler of Pepsi in Zimbabwe, to restrict imported energy drinks. Imports of energy drinks have surged by over 7000% since 2019, according to...
The number of Zimbabweans who moved to the United Kingdom to do health and care work rose by 169% in the year to September, deepening the skills crisis in the country. Migration is rising...
By Tonderai Maruke A year after launching the Nyathi brand of sorghum beer, Innscor is recruiting an army of “beer testers” and banking on its distribution channel to chip away at Delta’s dominance of...
Econet Wireless’s latest half-year results tell the story of many closely-regulated companies in Zimbabwe right now; after many years of underinvestment, the company significantly stepped up investment in its network, but the impact of inflation, sub-economic tariffs...
PPC Zimbabwe’s cement sales volumes rose by 44% in the six months to September, as the company recovered from last year’s maintenance shutdown to take advantage of rising demand and low output from rival Khaya Cement.
Companies listed on the Zimbabwe Stock Exchange have the option of preparing their financial statements in US dollars, given the currency’s dominance in the economy, the chief executive officer of the bourse said. Making...
Property developer Exodus & Company has secured a US$141 million facility from Afreximbank to develop land for industrial and residential projects. The company, which has developed the Madokero industrial park in Harare, signed the...
National Foods says its diesel usage went up by 448% over the past year, as power cuts worsened at a time when the country’s biggest food manufacturer is expanding production. The company used 712...
The property developer that built Harare’s Highland Park and Village Walk has an ambitious new project in the works – turning a 200,000 square-metre part of Highlands into a mixed-use commercial and residential hub.
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