Search results for 'formal retail'
Companies
Government Induced Price Controls Dent OK Zimbabwe Net Sales

The macroeconomic headwinds arising from the government's implementation of price controls have dented the sales performance of OK Zimbabwe, the country's leading retail gem. However, the company has

Jun 30, 2024
Zimbabwe
Zim's Licensing Burden: Over 25 Licenses, Permits Required to Operate One Supermarket

Operating a single supermarket in Zimbabwe requires over 25 licenses and permits, making it challenging for businesses to operate. This is despite the mantra, Zimbabwe is open for business. These li

Sep 24, 2024
Companies
Choppies Exits Zimbabwe: Detailed Analysis on Unhappy Statement

Choppies is exiting Zimbabwe and has initiated discussions to divest its business, citing the adverse effects of policies that favour informal traders over formal retail operations. The company plans

Dec 02, 2024
Companies
The Retail Apocalypse: CZR Pleads for President Mnangagwa's Intervention ‘as Authorities Continue Presenting Misleading Picture of Operational Landscape’

The Confederation of Zimbabwe Retailers (CZR) has formally solicited the intervention of President Emmerson Mnangagwa to salvage the remaining components of the structured retail and wholesale sector

Jan 27, 2025
Companies
OK Zimbabwe's Sales Plummet 36%   Due to Restocking Constraints, Shut Stores

OK Zim The largest retail outlet in Zimbabwe, OK Zimbabwe Limited, has reported a 36% decline in volumes for the third quarter ended 31 December 2024 while revenue also decreased by 36% compared to th

Feb 17, 2025
Companies
OK Zimbabwe Settles Half of Supplier Debt: Is Recovery on the Horizon?

OK Zimbabwe, Zimbabwe's largest formal retailer by store count, has settled approximately half of its outstanding supplier arrears using proceeds from a US$20 million rights issue completed in August

Dec 17, 2025

Top Stories

ZB Financials Remains Profitable, Bad Loans Surge 518% to ZWG853m

ZB Financial Holdings has reported profit after tax of ZWG679 million for the year ended 31 December 2025, against a restated ZWG1.042 billion in 2024, a 35% decline that frames these results as a dis

9 hours ago

Currency Switch Costs TN CyberTech Bank ZWG61m in Hidden Earnings

TN CyberTech Bank Limited, the institution that spent decades as TN Bank, then Steward Bank, before shedding both identities in 2025 has reported a profit after tax of ZWG129 million for the ten month

10 hours ago

First Mutual Properties Holds $136m in Assets: ZSE Values it at $46m

Zimbabwe's largest listed property company is considering walking away from its own stock exchange, largely due to undervaluation by the Zimbabwe Stock Exchange, and the 2025 financials explain precis

11 hours ago

First Mutual Holdings Swings From $26m Loss to a $14m Profit: Property Revaluation Did Most Work

First Mutual Holdings, Zimbabwe's largest listed insurer, has  posted a profit after tax of $14.3 million for the year ended 31 December 2025, against a loss of $26.3 million in 2024. The rehabilitati

11 hours ago

Masimba Grows Revenue 10%, But Earns Less on Every Dollar

Masimba Holdings, the ZSE-listed civil engineering and contracting group entering its 75th year, posted revenue of ZWG1.6 billion for the year ended 31 December 2025, a clean 9.6% advance on the prior

12 hours ago

Most Expensive Fuel in Africa: Why the Middle East Is Only Part of the Story

Harare-Effective 2 April 2026, ZERA set diesel at US$2.11 per litre and petrol blend E5 at US$2.23, citing a 33.16% rise in the diesel FOB price since the last review as a direct consequence of the Ir

Apr 10, 2026

The Cotton Revolution: Govt Slashes Agric Levies 75% In Sweeping Regulatory Overhaul

Zimbabwe's Ministry of Finance, Economic Development and Investment Promotion has announced one of the most comprehensive regulatory reform packages the agricultural sector has seen in years, with Cab

Apr 10, 2026

Tigere REIT Leads Peers with Doubled Q1 Net Property Income, Four Yield Accretive Acquisitions Planned for 2026

Tigere Real Estate Investment Trust has once again set the pace among Zimbabwe's listed REITs, delivering a standout first quarter performance that reflects its dominance over smaller and newer peers

Apr 09, 2026