Mega Market, one of Zimbabwe’s biggest food manufacturers and distributors, wants government to “level the playing field” to support formal retailers under pressure from policies that give untaxed traders an advantage.
The company recently...
Karo Mining now expects to start production at its new US$391 million platinum mine in the second half of 2026, further pushing back construction deadlines due to weak metal prices.
Construction of the mine,...
The Southern African Development Community (SADC) has directed its security committee to find ways to protect regional trade routes and energy corridors impacted by ongoing unrest in Mozambique.
The protests that started after disputed...
As Choppies entered the Zimbabwe market in 2013, it had one major hurdle to jump over – the indigenisation law.
The regulation demanded that any business must be 51% locally owned. Choppies needed partners...
Zimbabwe’s miners overcame rising costs and policy concerns to deliver a record 36.48 tonnes of gold in 2024, 21% more than in 2023, beating the industry target of 35 tonnes.
The 2024 gold haul...
Beta Holdings, one of the country’s biggest brick makers, is going into corporate rescue after production failures left it unable to service loans of nearly US$10 million.
The company’s directors agreed on December 24...
When Choppies entered Zimbabwe’s retail market in 2013, it did so by buying stores from businessman Raj Modi, who is now deputy Industry Minister. Over a decade later, Choppies is exiting Zimbabwe — and it is Modi...
When Fossil bought Lafarge Cement for US$29.7 million in 2022, it was hoping to take advantage of strong cement demand from Zimbabwe’s construction sector.
But, two years after buying the country’s second biggest cement...
The four independent directors of Meikles have quit over disagreements with chairman John Moxon over the direction of the company and plans to sell a key asset.
Meikles announced in October that it had...
Protests in the aftermath of Mozambique’s disputed election in October have taken a heavy toll, with dozens of deaths reported. The unrest has also had a massive impact on the economy of Mozambique, and disrupted trade across...
