US$84m Old Mutual funds trapped in Zim
The firm’s local subsidiary, Old Mutual Zimbabwe (OMZ), is now engaging authorities to resolve the issue, businessdigest has learnt.
By Blessed Ndlovu
10h ago
CABS takes US$15m hit from new tax
The growth was driven by a fair value adjustment gain of US$2,64 million and a recovery in investment-related income, which rebounded from a prior-year loss of US$6,54 million.
By Tatira Zwinoira
10h ago
Proplastics plan US$2,4 million capital injection
The planned investment follows a solid performance in the financial year ended December 31, 2025, when profit after tax rose nearly 16% to US$1,38 million.
By Tatira Zwinoira
10h ago
Boma drum seeps through the bone marrow in Victoria Falls
“Based on what we are seeing here, we are in the 50% range occupancy levels as Victoria Falls as a destination, which is not normally the case in these low-season months.”
By Shame Makoshori
10h ago
Egypt to host Afreximbank’s 33rd annual meetings
Afreximbank president and board chairman George Elombi thanked the Egyptian government for hosting the event.
By Mthandazo Nyoni
Mar. 28, 2026
NBS crowned 2026 IOBZ Interbank Quiz champions
First Capital Bank Zimbabwe took second place, while NMB Bank finished third in a contest that brought together banking professionals from across the industry.
By Business Reporter
Mar. 27, 2026
Aura Group rebrands
Alongside the transition, the company has launched Infinity Connect, a connectivity package aimed at households and small businesses.
By Chen Williams
Mar. 27, 2026
Stanbic Bank posts ZiG1,7bn FY profit
New branches were opened in Chiredzi and Masvingo to extend the bank’s reach. Looking ahead, Mkanganwi said the growth outlook remains strong given commodity price trajectories.
By Staff Writer
Mar. 27, 2026
Pension funds tighten grip on equities market
On the sell side, other financial institutions led disposals, offloading shares worth ZiG515,32 million (43,28%), while individual investors sold shares valued at over ZiG79,5 million (6,68%).
By Tatira Zwinoira
Mar. 27, 2026
Willdale pins turnaround on US$14,5m land sales
Willdale widened its loss to US$953 490 for the year-ended September 30, 2025, reflecting constrained working capital, reduced production throughput and rising operating costs.
By Tatira Zwinoira
Mar. 27, 2026
Innscor unit snaps 27,32% stake in Tanganda
Existing shareholders took up 120 553 102 shares, representing 45,66% of the offer, while Rutanhi absorbed the remaining 143 473 301 shares, accounting for 54,34%.
By Tatira Zwinoira
Mar. 27, 2026
Caledonia lines up Zim, SA banks for Bilboes’ US$150m capital raise
Standard Bank Group is the parent company of Stanbic Bank Zimbabwe that together with CBZ Bank are the local arrangers for the proposed facility.
By Tatira Zwinoira
Mar. 27, 2026
No missile will break our inflation resolve, says RBZ
The assurance came as global crude markets reeled from a war that has disrupted flows through a strategic artery handling roughly 20% of world oil supply.
By Mthandazo Nyoni
Mar. 27, 2026
Afreximbank backs Africa’s digital trade future with new startup accelerator
More than 1 600 startups applied. Only eight made the cut.
By Mthandazo Nyoni
Mar. 26, 2026
IIZ expands regional footprint as demand for insurance professionals rises
Muradzikwa said the milestone reflected not only the determination of the graduates but also the support of families, mentors and employers who had accompanied them along the way.
By Mthandazo Nyoni
Mar. 21, 2026
Windmill seeks US$10m for agro-industrial hub
“Our target is to raise about US$10 million, which will be used to construct a service centre in front of Nemakonde Road,” he said, referring to a site near Westgate.
By Concilia Mupezeni
Mar. 20, 2026
Old Mutual keeps Zim business ring-fenced as fund transfers stall.
The decision, applied prospectively, reflects the economy’s continued reliance on the US dollar and brought an end to hyperinflation accounting for the unit.
By Tatira Zwinoira
Mar. 20, 2026
Delta pours US$39m into local grain supply
Murambinda said the company’s sorghum programme complements its commercial grain supply, anchoring production in its traditional beer segment.
By Freeman Makopa
Mar. 20, 2026
‘Tax hikes threaten Simbisa Brands growth momentum’
The group plans to roll out 31 new outlets and refurbish 21 stores by June 2026, part of a broader strategy to deepen its footprint across the region.
By Tatira Zwinoira
Mar. 20, 2026
Standard Bank dollarises Zim unit, tightens risk controls
The bank posted profit after tax of ZiG682,2 million for the half year to June 2025, up from ZiG27,1 million in the comparable period.
By Tatira Zwinoira
Mar. 20, 2026
Zimbabwe–Uganda trade below US$1m, growth potential huge — ZimTrade
Majuru said a market scan conducted by ZimTrade in Uganda last year revealed several opportunities for stronger commercial cooperation.
By Business Reporter
Mar. 19, 2026
Old Mutual keeps Zim business ring-fenced as fund transfer stall
The challenge of repatriating funds outside Zimbabwe appeared again in the parent company’s annual financial statements for the period ended December 31, 2025.
By Tatira Zwinoira
Mar. 18, 2026
Stanbic scholarship fund expands to Mashonaland West
Stanbic Bank Zimbabwe head of brand and marketing Tariro Memo said the institution places strong emphasis on education as a driver of opportunity and economic growth.
By Business Reporter
Mar. 18, 2026
AfrexInsure appoints Lesley Ndlovu as new chief executive officer
Commenting on his appointment, Ndlovu said he was deeply honoured to assume the role at such a transformative moment in the company’s journey.
By Mthandazo Nyoni
Mar. 16, 2026
HEXA launches educational travel packages for schools
Destinations covered in the programme include Harare, Victoria Falls, Kariba, Bulawayo, Nyanga and Masvingo.
By Business Reporter
Mar. 16, 2026
Nedbank bankrolls Mbare maternity clinic upgrade
Herry said the project aligned with national development priorities by focusing on maternal and child healthcare.
By Gracious Daniel
Mar. 13, 2026
Zim merger deals surge 86% as corporate activity rebounds
The commission said 2025 marked a significant shift in deal-making activity, driven by domestic consolidation and rising cross-border investment.
By Mthandazo Nyoni
Mar. 13, 2026
New monetary measures boosts pension funds prospects
Inflation slowed to 4,1% in January — the lowest level in more than three decades — while the exchange rate remained relatively stable under the willing-buyer willing-seller system.
By Mthandazo Nyoni
Mar. 13, 2026
Explosive OK Zim revelations, Grand Challenge boob nearly killed haemorrhaging giant
Local News
12h ago
Lithium ore export ban firestorms boomerang, MMCZ says being ‘set back’ US$500 000 monthly
Local News
12h ago
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