Search results for 'beverages'
Companies
Varun Beverages Expands into Snacks: Targets $177 Million Zimbabwean Market

run Beverages, the second-largest PepsiCo franchise bottler globally, is venturing into the snacks business after a successful performance in the beverages segment. The company, founded in 1995 and h

Jul 16, 2024
Companies
Sugar Tax, Drought Weighs Heavily on Delta's Performance

Delta Corporation, a leading beverages manufacturer with over 80% market share, has seen its performance heavily affected by the sugar tax introduced by Finance and Economic Development Minister Mthul

Jul 29, 2024
Companies
Dairibord Rebounds to Profitability in HY24, Net Income at US$3.1M

Dairibord Zimbabwe Limited, the largest milk processor has posted a satisfactory performance in the first half of 2024 (HY24), despite encountering tax increases and currency challenges during the per

Sep 30, 2024
Companies
Double Trouble for Delta's Beer: Sorghum Struggles at Home, Abroad

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

Nov 11, 2024
Companies
Delta Corporation Pays $31 Million in Sugar Taxes, Implements Strategic Mitigation Measures

Delta Corporation, Zimbabwe's largest beverages maker, has paid US$31.2 million in sugar taxes during the period from February 2024 to December 2024, which has had a ripple effect on the market. The

Jan 23, 2025
Companies
Delta Suffers its Way Through The Busiest Quarter

The ZSE’s most valued company and the country’s biggest beverages maker Delta has released a trading update for the 3 months period to December 2024 painting a very dull picture on performance, one of

Jan 23, 2025

Top Stories

Zimbabwe's Gold Production Decline in February: Sectoral Challenges, Rainfall Impacts

Zimbabwe's gold deliveries declined by 17.7% month-on-month in February 2024, falling to 2.56 tonnes from 3.1 tonnes in January. This marks the lowest monthly output in over six months since June 2024

Mar 06, 2025

ZERA Decreases Diesel Prices, Petrol Prices Rise

The Zimbabwe Energy Regulatory Authority (ZERA) has decreased diesel prices for March, effective 4 March 2025, from February's prices in US dollar terms. Diesel prices went down by 3% from US$1.58 in

Mar 05, 2025

Stanbic Bank, EIB Global Launch $21M Facility for Women-Led Businesses

he European Investment Bank (EIB Global), in partnership with Stanbic Bank Zimbabwe, has unveiled a €20 million ($21 million) credit facility aimed at bolstering Zimbabwean small and medium enterprise

Mar 05, 2025

Tobacco Marketing Season Kicks Off Today: Essential Insights

Zimbabwe's tobacco marketing season commences today, with the agricultural sector projecting a yield of 300 million kilograms of premium flue-cured leaf  in 2025. Under the nation's dual-currency set

Mar 05, 2025

TSL Profit More Than Halves to US$3.62 Million in FY 24

TSL Limited, a diversified Zimbabwe Stock Exchange-listed company, experienced a sharp 55% decline in profit after tax from continuing operations, falling to US$3.62 million for the fiscal year ended

Mar 04, 2025

Ariston Shifts Focus to Local Sales Amid Rising Export Surrender Costs

Ariston Holdings, a Zimbabwean agribusiness, has strategically reoriented its revenue focus from export markets to domestic sales in response to rising operational costs and restrictive export policie

Mar 04, 2025

Kariba Electricity Generation Almost Triples as Water Levels Rise

The electricity generation at the Kariba Hydroelectric Power Plant has more than tripled on the 4th of March to 485 megawatts (MW) , marking a nine-month record high since June 2024. This has increas

Mar 04, 2025

Proplastics CEO, Kudakwashe Chigiya Resigns, Paschal Changunda Appointed Acting Leader

Plastics and plastic products manufacturer, Proplastics Limited, has announced the resignation of its Chief Executive Officer (CEO),  Kudakwashe Leo Chigiya, effective 19 February 2025. The Board of

Mar 03, 2025