HARARE - The start of the defense case for Harare estate agents Clark Clever Makoni and Beverly Aisha Ndonda Makoni was delayed on Monday after the couple, who are accused of defrauding a company owned by former Reserve Bank of Zimbabwe (RBZ) Governor Gideon Gono of ZWL137 million, filed an urgent application with the High Court seeking to stay the proceedings.
HARARE - The Zimbabwe Stock Exchange (ZSE) Holdings Limited has reported a strong financial and operational performance for the third quarter of 2025, buoyed by major gains in profitability and increased trading activity across its exchanges, including the Victoria Falls Stock Exchange (VFEX), which celebrated its fifth anniversary with a record-high market capitalization of US$1.85 billion.
HARARE - Zimbabwean socialite and philanthropist Jackie Ngarande has publicly expressed concern over what she describes as a decline in the quality of Dairibord Zimbabwe Limited (DZL)’s yogurt products, urging the company to investigate and address the issue urgently.
HARARE - The International Monetary Fund (IMF) has released its 2025 Article IV consultation report on Zimbabwe, highlighting a tentative macroeconomic stabilisation in the country despite significant fiscal and structural challenges that need to be resolved.
HARARE - Simbisa Brands Limited, the leading quick service restaurant operator in Southern Africa listed on the Victoria Falls Stock Exchange, contributed close to US$1 million in Fast Food Tax to the Zimbabwe Revenue Authority (ZIMRA) during the financial year ended June 30, 2025.
HARARE - OK Zimbabwe Limited, a leading retail supermarket group, is navigating a massive financial crisis, with the market value of its properties pledged as collateral, totaling US$19.58 million, failing to cover the very loans they are meant to secure, which stand at US$23 million.
HARARE - Prominent clergyman Prophet Walter Magaya and his wife Tendai have struck a temporary reprieve in their long-running financial battles after paying US$180,000 to GetBucks Microfinance Bank and entering into a deed of settlement for the remainder of their outstanding debt.
HARARE - The arrest of NetOne Chief Executive Raphael Mushanawani on charges of fraud involving US$1.2 million is being fiercely contested by his legal team, who assert the accusations are a fabricated attempt by rivals to seize control of the organization.
LONDON - Zimbabwean real estate developer Thaton Properties has received international recognition after its flagship 2267 Lifestyle Estate project won three awards at the 2025/2026 International Property Awards in the United Kingdom.
HARARE - Choppies Enterprises Limited, the Botswana-based retail giant, has experienced mixed financial outcomes since exiting Zimbabwe in December 2024, reflecting both challenges and ongoing focus on core markets.
