News

EcoCash extends payroll services to security companies

ECOCASH, the leading financial services platform in the country, has expanded its payroll services to include security companies. The latest development allows employees of companies in the security sector across the country to conveniently receive their full pay directly into their EcoCash wallets. “Extending payroll services to security companies whose personnel are scattered across the […]

Tanganda Tea Company investments in green energy lower the firm’s energy costs

The investments by Tanganda in green energy have mitigated challenges emanating from inconsistent availability of power from the national grid and reduced diesel consumption by generators. The company has invested in green energy through the installation of three independent battery-supported solar energy plants on three of its five estates. The total maximum production capacity of […]

Diversification drive pays off for Masholds

LISTED property concern, Mashonaland Holdings Limited (Masholds) says its diversification thrust has started to pay off, with the firm focusing on increasing market share, riding on its growth drive, NewsDay Business reports. Masholds has a long-term strategy hinged on diversifying its portfolio. In an interview with NewsDay Business, Masholds managing director Gibson Mapfidza said the […]

CFI Holdings seeks strategic ideas to procure raw materials

AGRICULTURE-BASED industrial holding firm, CFI Holdings Limited (CFI), is seeking strategic ideas to procure raw materials to sustain operations and curb losses emanating from the effects of El Niño. The 2023/24 agricultural season is experiencing an El Niño drought characterised by erratic to below average rainfall. “Management is tasked with employing strategic raw material procurement […]

Simbisa declares strong profit growth

OPERATING profit at the quick service restaurant Simbisa Brands Limited increased by 22,2% to US$24,67 million during the half year ended December 31, 2023 compared to the prior period. The group made a profit despite a harsh operating environment, characterised by high inflation, power cuts, and exchange rates volatility among other economic ills. In its […]

OK Zimbabwe records declined volumes

OK Zimbabwe Limited, a leading retail group in the country, experienced a 32 percent decline in volumes during the quarter ending December 31, 2023, compared to the previous year, and a 28 percent decline for the nine months ending December 2023. Mrs. Margaret Munyuru, the group company secretary, said in a trading update for the […]

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