According to the agency, this is a brownfield project aimed at expanding internet broadband services and extending last-mile connectivity to homes and individual subscribers.
Business
By Tatira Zwinoira
Aug. 23, 2026
“So, as a central bank, we are not going to prescribe to banks to say you should reduce your lending rates from that rate to that rate. We leave that to market forces.”
Under the new approach, the VFEX will no longer value cross-listed companies based solely on the shares represented on Zimbabwe’s share register.
Business
By Tatira Zwinoira
Aug. 16, 2026
For years, Zimbabwe has seen a steady rise in annual diaspora remittances, increasing from less than US$2 billion in 2018 to a record US$3 billion last year.
Business
By Tatira Zwinoira
Aug. 16, 2026
Edgars was listed on the Zimbabwe Stock Exchange in 1974 before migrating to the VFEX in 2024.
Business
By Tatira Zwinoira
Aug. 9, 2026
The relief helped lower diesel and petrol prices from their peaks to US$1.99 and US$1.98 per litre on June 19, and then to US$1.87 and US$1.93 on July 8.
Business
By Blessed Ndlovu
Aug. 9, 2026
Companies are saddled with growing tax burdens and liquidity shortages as authorities continue to control the money supply to artificially prop up the Zimbabwe Gold (ZiG) currency.
The admission provides official backing to concerns that have surfaced in mining companies’ financial statements over the past year.
Business
By Tatira Zwinoira
Aug. 2, 2026
The need to expand coverage is also driven by the possibility that the upcoming 2026/27 agricultural season may bring El Niño-like drought conditions.
Business
By Blessed Ndlovu
Jul. 26, 2026
“The recent migration crisis in South Africa has introduced a new downside risk to Zimbabwe’s external inflow outlook.
Business
By Tatira Zwinoira
Jul. 26, 2026
Earlier last week, industry executives revealed that hotels require between US$8 million and US$30 million each merely to refurbish existing properties.
Business
By Concilia Mupezeni
Jul. 19, 2026
Total income rose 40% to US$122.16 million, while profit after tax surged 196% to US$16.7 million.
Business
By Tatira Zwinoira
Jul. 19, 2026
Since then, continued company migrations have intensified concerns over the ZSE’s ability to retain large counters and rebuild its market value.
Business
By Tatira Zwinoira
Jul. 12, 2026
OML, the South African-domiciled financial group, said its board had monitored the VFEX's growth and development since its shares were suspended from the ZSE in 2020.
Business
By Tatira Zwinoira
Jul. 12, 2026
Zesa Holdings’ senior manager for electricity trading and operations, John Diya, said the utility’s debt had continued to rise.
Business
By Blessed Ndlovu
Jul. 5, 2026
The company's new visual identity featuring bold burgundy and gold tones embodies trust, prestige, excellence and opportunity, values that will anchor its next growth phase, she said.
Business
By Staff Reporter
Jul. 2, 2026
“Our biggest focus, as we speak, is actually markets and logistics. That's where the bottleneck is,” HCCL administrator Munashe Shava said in an interview.
Business
By Freeman Makopa
Jun. 28, 2026
Despite all these concerns, Zimra domestic taxes commissioner Misheck Govha said the taxman was supportive of businesses.
Business
By Blessed Ndlovu
Jun. 28, 2026
Zimra commissioner general Regina Chinamasa told Standardbusiness that that the taxman had put in place measures to ensure compliance in the importation of cars.
Business
By Blessed Ndlovu
Jun. 21, 2026
The presentation showed 4% of plants are over 50 years old and still surviving, while 1.2%of total firms have the oldest plants in operation, reaching up to 87 years old.
Business
By Chen Williams
Jun. 21, 2026
Zimbabwe’s ZiG-denominated annual inflation rate averaged 4.3% between January and May, peaking at 4.8% in April before easing to 4.4% in May.
Business
By Blessed Ndlovu
Jun. 14, 2026
“The 2025 cohort featured over 35 high-potential businesses representing all key economic sectors, demonstrating the programme's broad appeal and strategic importance”.
Business
By Concilia Mupezeni
Jun. 14, 2026
National Foods continues to broaden capacity across several of its fast-growing food categories and the investment will come as timely boost for the business.
Econet’s exit came at a time when the ZSE was confronting one of its biggest challenges in years: a shrinking pool of listed companies.
Business
By Tatira Zwinoira
Jun. 7, 2026
It also raises questions about how international investors are pricing "Zimbabwe risk" at a time when several multinational firms have either exited the market or scaled back their exposure.
Business
By Tatira Zwinoira
May. 31, 2026
Instead of returning home with enough money to improve his life and prepare for the next farming season, Chimbada says most of his earnings disappeared into debt repayments.
Business
By Blessed Ndlovu
May. 31, 2026
As the first rays of sunlight pierce through the dry plains of Marula, a small settlement between Bulawayo and Plumtree, a transparent barn almost glows with trapped heat from the Matabeleland sun.
Business
By Ashton Ndakusiya
May. 24, 2026
With miner and crocodile farmer Padenga Holdings Limited (Padenga) planning to produce between 90 000 and 95 000 ounces of gold this year, the group has increased its capex by US$18 million.
Business
By Tatira Zwinoira
May. 24, 2026
This shift has provided the group with a robust buffer and the liquidity necessary to fund its ambitious capital projects.
Business
By Concilia Mupezeni
May. 17, 2026
The fast-food giant has 17 new outlets currently in the pipeline for its fourth quarter ending June 30, 2026, as the group moves to defend margins in an increasingly strained consumer environment.
Business
By Tatira Zwinoira
May. 17, 2026
Beyond the political symbolism, the trip carries important implications for US stock markets, global trade, and investor confidence.
Business
By Isaac Jonas
May. 17, 2026
They travel long distances to buy goods, spend countless hours trading, and proudly count daily cash collections at the end of the day.
For decades, the narrative of Zimbabwe’s economic survival has been etched into its soil and extracted from its mines.
Business
By Concilia Mupezeni
May. 10, 2026
African Distillers Limited (Afdis) has paid US$690,000 in additional tax assessments to the Zimbabwe Revenue Authority (Zimra) for the financial year ended March 31, 2026.
Business
By Tatira Zwinoira
May. 9, 2026
To further sweeten the deal, the instruments carry a 20% annual coupon, which the company says can be paid out in cash or through the issuance of additional tokens.
Business
By Mthandazo Nyoni
May. 3, 2026
The AOF, a closed-end investment firm traded on the Specialist Fund Segment of the London Stock Exchange, detailed these structural hurdles in its 2025 annual report.
Business
By Tatira Zwinoira
May. 3, 2026
As global volatility continues to cast a long shadow over domestic markets, the Confederation of Zimbabwe Industries (CZI) has issued a stern advisory to the nation’s financial authorities.
Business
By Tatira Zwinoira
Apr. 26, 2026
Gold fever is on full display across the Zimbabwean landscape, and Caledonia Mining Corporation is betting big on a future paved in bullion.
Business
By Tatira Zwinoira
Apr. 26, 2026
The primary catalyst for this renewed anxiety is the escalating conflict in the Middle East.
Business
By Tatira Zwinoira
Apr. 19, 2026
Ariston Holdings Limited, a major player in the regional agricultural sector, has reported a significant 58% decline in revenue for the first quarter ended December 31, 2025.
Business
By Tatira Zwinoira
Apr. 19, 2026
Vice President JD Vance departed Pakistan without a deal. President Donald Trump announced a naval blockade of the Strait of Hormuz
Business
By Isaac Jonas
Apr. 19, 2026
For Zimbabwe, these disruptions are not abstract headlines; they translate into rising costs, delayed imports, and unstable access to key production inputs.
In particular Masiyiwa made reference to the 12 000-hectare Eko Atlantic hub in Lagos, Nigeria, built on reclaimed land, where his Data Centre group has established a large facility.
Business
By Own Correspondent
Apr. 12, 2026
CBZ Holdings Limited chairman Luxon Zembe said the domestic economy was expected to grow on the back of strong agricultural output, stable exchange rates and firm mineral prices.
Business
By Mthandazo Nyoni
Apr. 12, 2026
King said designs had been completed and work is expected to start before the end of the year.
Business
By Own Correspondent
Apr. 12, 2026
This breakdown in trust created a “vicious cycle” where empty shelves further eroded sales, leaving the group unable to generate the liquidity needed to clear remaining balances.
Business
By Tatira Zwinoira
Apr. 5, 2026
This meteoric rise represents a staggering 840% year-over-year growth, cementing the group’s transition from a niche crocodile breeder into a diversified mining powerhouse.
Business
By Tatira Zwinoira
Apr. 5, 2026
Among its most significant holdings is a 26% stake in Centragrid Private Limited, an independent power producer (IPP) based in Nyabira.
Business
By Blessed Ndlovu
Mar. 29, 2026
TM Pick n Pay’s struggles are compounded by a 50% spike in finance costs and a significant reduction in net monetary adjustments.
Business
By Tatira Zwinoira
Mar. 29, 2026
The Zimbabwe National Statistics Agency (ZimStat) on Thursday reported that annual ZiG inflation increased from 3,8% in February to 4,4% in March.
Business
By Business Reporter
Mar. 26, 2026