Zimbabwe's economic growth forecast for 2024 has been slashed to 2%, down from the initial projections of 3.6%. This downward revision is primarily due to the impact of the ongoing drought in the regi

Steward Bank, the lone remaining financial services entity within the EcoCash Holdings group, is poised to drive a digital banking expansion through strategic investments in transformative technologie

African Sun, Zimbabwe's largest hotel group, is gearing up for a significant disposal of assets following the recent sale of two underperforming hotels for $6.9 million. This strategic move aims to op

The world is facing a daunting public debt crisis, with global debt projected to exceed US$100 trillion, or 93% of global GDP, by the end of this year according to the latest data by the International

First Capital Bank has posted a solid third-quarter performance, driven by a restructuring exercise aimed at enhancing its operating model. In the banking sector, restructuring refers to the process

CBZ Holdings, Zimbabwe's leading financial institution by deposit base and asset portfolio, has initiated a workforce optimisation strategy, resulting in the retrenchment of 347 employees. This decis

TSL Limited , a diversified holding company with interests in tobacco auctioning, printing and packaging, agricultural inputs, storage and distribution, and services has embarked on a significant rest

Distribution Group Africa (DGA), a vital arm of Axia Corporation Limited operating across Zimbabwe, Malawi, and Zambia, is embarking on a strategic restructuring to reverse declining revenues and alig

Khayah Cement Limited, one of the leading cement manufacturers plans to delist from the Zimbabwe Stock Exchange (ZSE) as part of a strategic restructuring effort to stabilize its operations according

Khayah Cement creditors have approved a plan to delist the company from the Zimbabwe Stock Exchange, a move that sets the stage for majority shareholder Fossil Mining to potentially exit its investmen

The Zimbabwe Stock Exchange (ZSE) has officially lifted the suspension of trading in Meikles Limited shares, effective July 14, 2025, following the successful resolution of corporate governance concer

TSL Limited, a Zimbabwean conglomerate with interests in logistics, agrochemicals, and packaging, has terminated its US$25 million bid for a 51.43% stake in Nampak Zimbabwe, the country’s leading pack

ioZim Limited, once a powerhouse in Zimbabwe's mining sector and the third-largest gold producer in 2020 just behind Caledonia and Freda Rebecca, has endured a prolonged period of decline marked by op

Retail giant OK Zimbabwe Limited has released a crucial market update, providing shareholders and stakeholders with a transparent view of its ongoing battle to return to financial health. Following ca

National Tyre Services (NTS), Zimbabwe’s leading tyre distribution and retail company, is voluntarily delisting from the Zimbabwe Stock Exchange to look for greener pastures with  effect from 31 Decem

Zimbabwe's Finance Minister's emphasis on sincerity in economic policy remains highly relevant as the country pursues currency stabilisation, confidence-building, debt management, and reforms amid lon

Zimbabwe and the International Monetary Fund have agreed to a 10-month Staff-Monitored Programme (SMP), a move aimed less at securing immediate funding than at rebuilding trust with international cred

Nestlé’s global , the world's largest food and beverage company’s restructuring programme has reached South Africa, with the group initiating retrenchment consultations affecting more than 400 employe

RioZim’s latest restructuring plan shows where management believes the group’s last realistic recovery path now sits. By giving up its stake in Murowa Diamonds to ease debt pressure and redirecting at

NMBZ Holdings Limited has swung from a restated loss of ZWG205 million in 2024 to a profit after tax of ZWG251 million in FY2025, a turnaround that looks decisive until the audit opinion is read caref