Search results for 'Retail Crisis'
Companies
The Retail Apocalypse: CZR Pleads for President Mnangagwa's Intervention ‘as Authorities Continue Presenting Misleading Picture of Operational Landscape’

The Confederation of Zimbabwe Retailers (CZR) has formally solicited the intervention of President Emmerson Mnangagwa to salvage the remaining components of the structured retail and wholesale sector

Jan 27, 2025
Companies
OK Zimbabwe Settles Half of Supplier Debt: Is Recovery on the Horizon?

OK Zimbabwe, Zimbabwe's largest formal retailer by store count, has settled approximately half of its outstanding supplier arrears using proceeds from a US$20 million rights issue completed in August

Dec 17, 2025
Companies
How Government Brought OK Zimbabwe to Its Knees: And Reformed Later

When OK Zimbabwe, the country's largest listed supermarket chain and a retail institution founded in 1953, filed for corporate rescue on 24 February 2026, it did not come as a shock to those who had

Mar 05, 2026
Zimbabwe
Retail’s Death Toll Crosses  Limpopo: SPAR Group  Sounds Warning Shots

Zimbabwe completed the obituary for its formal retail sector quietly, without a single definitive closing date or a single headline large enough to match the scale of what was lost. OK Zimbabwe, one o

May 29, 2026

Top Stories

Zimbabwe's Economy Expands to US$59.7 Billion as GDP is Rebased to 2025

With GDP reaching approximately US$59.7 billion at current prices, the latest estimates provide an updated benchmark for policymakers, investors, businesses and development partners seeking to underst

28 minutes ago

Mt Hampden New City: Can CSCEC’s Financing Model Turn the Smart City Plan Into Reality?

Finance Minister Professor Mthuli Ncube has held discussions at the headquarters of China State Construction Engineering Corporation in Beijing with CSCEC Chairman Wang Wei and President Chen Lie, foc

2 hours ago

ZINARA Nears Final Repayment of US$206m DBSA Highway Loan

The Zimbabwe National Road Administration (ZINARA) is approaching the final stages of repaying a US$206 million loan obtained from the Development Bank of Southern Africa (DBSA) to finance the rehabil

3 hours ago

Unifreight Pivots to Logistics Integration as Growth Phase Matures

Unifreight used its 2025 annual general meeting to reposition the group from a freight carrier into a multi-service logistics platform, announcing a strategy that adds express courier, customs clearan

6 hours ago

Avocado Exports to Top 9 Million Kgs in 2026: Can They Diversify the Forex Receipts Calculus?

Zimbabwe's avocado export volumes reached 1.74 million kilograms valued at USD 1.07 million in the first four months of 2026, compared to 921,056 kilograms worth USD 397,007 in the same period of 202

6 hours ago

Why Investors Are Increasingly Choosing Kenya

Absa Group, South Africa's third-largest bank by assets, has launched a KES30.9 billion (US$238 million) offer to increase its stake in Absa Bank Kenya from 68.5% to as much as 85%, placing one of Afr

7 hours ago

Joining the Elite Quadrant: Econet Cracks Elusive Billion-Dollar Revenue Ceiling

Econet Wireless Zimbabwe has    reported revenue of USD 1.104 billion for the year ended 28 February 2026, a 23% increase from USD 894 million in FY2025 according to its latest FY2026 financial resul

8 hours ago

Mash Holdings Lifts Operating Margin to 47% as Occupancy Holds at 89%

Mashonaland Holdings Limited has reported revenue of USD 3.14 million for the five months ended 31 May 2026, a 7% increase from USD 2.93 million in the comparable period of 2025, while operating profi

1 day ago