African Sun, the largest hotel group in the region, reported occupancy rates exceeding 50% reaching 55%, a 7-percentage point increase from the same period last year. This achievement played a crucia

The 2024/2025 agricultural season has commenced, albeit at a measured pace in line with expectations. Zimbabwe is targeting a production goal of 3.3 million metric tonnes for cereals and 819,500 metri

Caledonia Mining Corporation and Padenga Holdings released their third-quarter performance reports this week, with both companies edging closer to their annual targets. Padenga, currently the third-l

Caledonia Mining Corporation, a leading gold producer, has reported a third-quarter gold production of 18,992 ounces from 21,772 ounces produced in the comparable quarter due to lower grade and reduce

The Reserve Bank of Zimbabwe (RBZ) announced that the reserves backing the Zimbabwe Gold (ZiG), the fourth currency introduced in nearly a decade, have surpassed US$500 million, reaching US$509 millio

Delta Corporation, a blue-chip entity listed on the Zimbabwe Stock Exchange (ZSE), has encountered significant headwinds in its sorghum beer segment, resulting in diminished sales volumes domestically

Largest bank by deposits and assets, Commercial Bank of Zimbabwe Holdings (CBZ) has recorded an exceptional Q3 performance ended September 30, characterized by billion-dollar revenues, according to th

British American Tobacco (BAT) Zimbabwe, a producer and marketer of premium cigarette brands, is prioritizing cost reduction as a strategic initiative aimed at returning to profitability. The company

Zimbabwe's October gold deliveries surged 22% from September and 12% above October 2023, reaching 4,168 kgs. Small-scale miners produced 3,143 kgs, up from 2,404 kgs in September, while large-scale m

The Zimbabwe Gold (ZWG) currency has exhibited an appreciation on the formal market, recording its third consecutive gain on November 6, 2024. The currency surged 3% from 26.99 to 26.01, translating

he Zimbabwe Energy Regulatory Authority (ZERA) has announced an increase in fuel prices for November, impacting both petrol and diesel. Petrol prices have risen from US$1.49 per litre in October to U

The iconic Monomotapa Hotel has officially been placed on the market, as announced by its parent company, African Sun. This development was disclosed through a circular posted on the Victoria Falls St

The Zimbabwe Gold (ZWG) has sustained its upward momentum, appreciating by 4% to 26.90 on October 5, 2024, building on the previous day's 2.4% gain. This cumulative 7% surge over the past two days ma

Zimbabwe's year-to-date tobacco exports have raked in US$1 billion exceeding the US$960 million recorded in 2023 according to Tobacco Industries Marketing Board. The country shipped approximately 187

British American Tobacco Zimbabwe, a prominent manufacturer and distributor of tobacco products, has sustained its comprehensive cost reduction initiative aimed at optimizing operational efficiency an

ECO Holdings, a loss-making real estate and property company, has reported a decline in shop occupancy rates during the third quarter ended September 30, 2024, despite achieving moderate revenue growt

British American Tobacco (BAT) Zimbabwe has posted a dismal half-year (HY) performance for the full year 2024, despite paying over ZWG100 million in government taxes. The leading producer and distrib

After a dismal start to the month, the ZiG has appreciated for the first time in a while, according to the latest data released by the Central Bank. The currency strengthened to 27.99 on November 4 f

The Zimbabwe Gold (ZiG) has demonstrated a continued suboptimal performance, declining to 28.6829 on November 1, 2024, from 27.44, marking a significant week-on-week decrease. This downturn represent

he issue of smuggling presents a significant challenge to the formal economy in Zimbabwe, undermining local businesses and distorting market dynamics. Porous borders facilitate the influx of inexpens