Search results for 'formal retail'
Companies
Government Induced Price Controls Dent OK Zimbabwe Net Sales

The macroeconomic headwinds arising from the government's implementation of price controls have dented the sales performance of OK Zimbabwe, the country's leading retail gem. However, the company has

Jun 30, 2024
Zimbabwe
Zim's Licensing Burden: Over 25 Licenses, Permits Required to Operate One Supermarket

Operating a single supermarket in Zimbabwe requires over 25 licenses and permits, making it challenging for businesses to operate. This is despite the mantra, Zimbabwe is open for business. These li

Sep 24, 2024
Companies
Choppies Exits Zimbabwe: Detailed Analysis on Unhappy Statement

Choppies is exiting Zimbabwe and has initiated discussions to divest its business, citing the adverse effects of policies that favour informal traders over formal retail operations. The company plans

Dec 02, 2024
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's Sales Plummet 36%   Due to Restocking Constraints, Shut Stores

OK Zim The largest retail outlet in Zimbabwe, OK Zimbabwe Limited, has reported a 36% decline in volumes for the third quarter ended 31 December 2024 while revenue also decreased by 36% compared to th

Feb 17, 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
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
Companies
Edgars Flags Price-Sensitive Transaction, Issues Cautionary to Investors

Edgars Stores Zimbabwe Limited, a prominent fashion retailer is advising its shareholders that its board is evaluating a potential transaction that could materially affect the company's securities, be

Jul 08, 2026

Top Stories

ZB Bank Launches Smile Mall, Brings Digital Commerce to Zimbabwe’s MSME’s

ZB Financial Holdings, a prominent financial services provider in Zimbabwe, has launched Smile Mall, a digital marketplace connecting micro, small and medium enterprises, cooperatives, farmers and art

7 hours ago

Global Fund Now Dominates Zimbabwe Health Financing as USAID Pulls Out

What emerges from this data is a financing system held together by improvisation rather than design. Each source compensates for the others in an ad hoc way, and the compensation itself is unpredictab

11 hours ago

Kansanshi’s Copper Output Hits Record High, as CAFCA Builds Regional Manufacturing Reach

Kansanshi Mining has produced 170,929 tonnes of copper in 2025, its highest annual output since 2021 and above First Quantum's revised guidance range of 165,000 to 175,000 tonnes, and within First Qua

12 hours ago

National Breweries Posts First Profit in Years: Real Story Behind the Turnaround

National Breweries, Zambian beverages behemoth listed on the Lusaka Securities Exchange has reported a profit before tax of ZMW 277.3 million, equivalent to USD 14.3 million at the confirmed closing r

14 hours ago

Corporate Zimbabwe Is Falling Behind the AI Productivity Curve

Zimbabwean companies are entering the second half of 2026 with limited artificial intelligence deployment across work, agriculture, healthcare, finance, security and transport, according to the latest

15 hours ago

Karo Platinum Crosses Critical Execution Milestone as Tharisa Deepens Zimbabwe Investment

Tharisa increased capital deployment into Karo during the quarter despite weaker platinum group metal prices, signalling confidence in the project’s long term economics.

1 day ago

SECZim Expands Into Digital Markets as Securities Levy Income Declines

The Securities and Exchange Commission of Zimbabwe is repositioning itself for a future where capital market growth is driven by digital assets, carbon finance and financial technology as declining se

1 day ago

Airtel Zambia Delivers 44% Operating Margin, Returns 90% of Earnings as Dividend

Airtel Networks Zambia has reported revenue of ZMW 2,344 million, approximately USD 120.8 million at the confirmed closing rate of ZWM 19.4 per US dollar as at 31 March 2026, for the first quarter end

1 day ago