MUTARE - Zimbabwe Stock Exchange listed tea producer, Tanganda Tea Company Limited has reported a 65% decline in revenue for the third quarter ended 30 June 2025, citing weaker tea export volumes, adverse weather conditions, and exchange rate disparities.
CHIREDZI - Zimbabwean businesses, notably sugar producer Hippo Valley Estates Limited, continue to face significant financial and operational challenges due to the country's dual currency system, with the company's recent financial results highlighting how the coexistence of the new Zimbabwe Gold (ZWG) and the US dollar is straining cash flow, increasing costs, and impacting overall profitability despite strong production.
HARARE - A parliamentary report has implicated First Mutual Life (FML) in a significant grievance by ZISCO Steel pensioners who claim to have lost US$38.7 million due to currency conversions following the government's debt assumption for the defunct steel company.
HARARE - Mureza Auto Company, one of Africa's first black-owned car manufacturing companies, has announced its decision to establish its headquarters in Zimbabwe, signaling a significant investment in the African automotive market.
HARARE - A contentious High Court case in Zimbabwe has brought to light allegations of fraudulent land acquisition involving the Ministry of Local Government and Public Works, Minister Daniel Garwe, and PPC Zimbabwe.
