The country’s biggest supermarket chain says most of its sales are still in local currency, months after the government allowed Zimbabweans to buy and sell using foreign currency.
Sales volumes in the first six months of the year were down,...
Nestlé is planning a longer-term investment in Zimbabwe’s coffee industry after the success of a partnership with Nespresso and local coffee farmers.
An initiative by the Swiss food giant in Zimbabwe has signed up about 2,000 growers, compared with 450...
Zimbabwean industry, once the envy of the region, has been decimated by the economic crisis of the past 20 years.
The National Development Strategy, the latest government five-year economic plan, carries five sets of data that show the scale of...
The National Development Strategy (NDS1), launched by the Zimbabwe government on Monday, is the latest in a long line of five-year economic plans.
NDS1 replaces the Transitional Stabilisation Programme (TSP), launched in 2018 to run for two years.
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In June, Zimbabwe's central bank introduced the foreign currency auction system, one of many policy measures attempted over the past two years to stabilise the crisis-hit currency.
So far, companies have accessed a total of US$434.7 million from the auction....
A crocodile skin and meat company investing in a gold mine drew a lot of side-eyes last year. But Padenga Holdings' investment in Dallaglio is now looking like a case of good timing.
Dallaglio, the new owners of Eureka Mine,...
Masimba Construction says it expects earnings this year to be “significantly” higher than last year on increased infrastructure business and stable costs.
The company says it has a strong order book for work in infrastructure this year, and has acquired...
Prospect Resources, which is developing Arcadia lithium mine near Goromonzi, has begun construction of a pilot plant to produce high-purity petalite and low-iron spodumene.
Long-lead equipment, such as flotation cells, have now been secured and the high-purity flotation plant is...
Delta Corporation is to acquire Mutare Bottling Company (MBC) from Econet Wireless, a deal long sought after by both giants.
The sale finally gives Delta access to Manicaland's soft drinks market, which had been controlled by MBC, and allows Econet...
Afdis, Zimbabwe’s biggest maker and distributor of spirits, wines and ciders, says volumes grew 28% in the quarter to September, despite the impact of COVID-19.
Among Afdis’ most recognisable brands are Viceroy and Klipdrift brandy, Smirnoff vodka, Sting spirit cooler,...
