UNITED KINGDOM - Academy of Robotics, the innovators behind the groundbreaking autonomous delivery vehicle Kar-go Delivery-BOT, announced the launch of their latest creation, the Kar-go Road-BOT to the consumer market.
HARARE - Controversial Zimbabwean tenderpreneur Wicknell Chivayo has requested Ecobank to increase the maximum monthly cash withdrawal limit on his company's account to US$20 million.
HARARE - Finance Minister Mthuli Ncube has acknowledged that all is not well in the retail sector, citing the negative impact of smuggling on businesses, among other challenges, including a currency crisis in Zimbabwe.
HARARE - Delta Corporation Limited, one of Zimbabwe's largest beverage manufacturers, has reported a mixed trading performance for the third quarter ended 31 December 2024, citing policy changes and currency instability as major challenges.
HARARE - WestProp Holdings has successfully inked a partnership with hospitality giant Radisson Hotel Group for the management of the Millennium Heights block 5 aparthotel.
HARARE - A proposed merger between CBZ Holdings Limited (CBZHL) and ZB Financial Holdings Limited (ZBFHL), valued at US$2.5 billion, has collapsed due to regulatory hurdles.
CHINHOYI - Quest Motor Corporation is at the center of a corruption scandal after Vuti High School headmaster, Brain Chigudu, was arrested by the Zimbabwe Anti-Corruption Commission (ZACC) for allegedly awarding the company a US$155,000 tender for the supply of a 56-seater bus, without following proper procurement procedures.
HARARE - Tanganda Tea Company Limited has announced plans to raise US$8 million through a renounceable rights offer, as part of a broader strategy to enhance its capital structure and diversify shareholder offerings.
HARARE - Econet Wireless Zimbabwe Limited has announced a 69% growth in revenue for the third quarter ended November 30, 2024, driven by a 42% increase in revenue from its mobile network operations and the acquisition of financial technology (FinTech) businesses.
Gold mining giant, Caledonia Mining Corporation plc (CMC), listed in the United States, the United Kingdom, and Zimbabwe, has reported a strong finish to 2024, with its Blanket Mine in Zimbabwe producing 76,656 ounces of gold for the year.
