Search results for 'state-owned enterprises'
Companies
Auditor General's Report Exposes Widespread Parastatal Graft

Since attaining independence, one of the major problems Zimbabwe has been facing is corruption. The issue dates back to the Willowgate Car scandal in 1988, which implicated top government officials. T

Jul 15, 2024
Zimbabwe
Government Amends Sovereign Wealth Fund Act: Will It Revive Struggling State-Owned Enterprises?

The government has implemented a strategic amendment to the Sovereign Wealth Fund Act, effectively enabling the Mutapa Investment Fund to leverage state-controlled assets as collateral for debt financ

Nov 26, 2024
Zimbabwe
Zimbabwe’s Pension Growth Story Masks a State Default Crisis

Every month, an employer in Zimbabwe's formal sector is legally required to deduct a pension contribution from each employee's salary and remit both that deduction and the employer's matching portion

Mar 31, 2026

Top Stories

Eagle REIT Profit Jumps 1,100% as Mazowe Walk Opens at 93% Occupancy

Eagle REIT has recorded a profit of USD 213,936 for the first quarter ended 31 March 2026, against USD 17,828 in Q1 2025, a growth rate of approximately 1,100%, a more than tenfold increase in a singl

18 minutes ago

ZECO’s Occupancy Push Hits Revenue Wall, Q1 Sales Slip

ZECO’s retail property portfolio occupancy rate has rose to 55.88% in the first quarter ended 31 March 2026, up from 46.67% in the corresponding period last year, a 921 basis point improvement. This r

44 minutes ago

Harare Moves Closer to BRICS Bank: NDB Starts Membership Talks

When Harare announced formal accession talks with the New Development Bank on 15 May 2026, it signalled its place in the defining financial contest of our era, Aliko Dangote’s USD 1 billion pivot to Z

1 hour ago

Mthulinomics: AfDB Approves USD 4 Million Grant for Debt Clearance Process

The African Development Bank Group has approved a USD 4 million grant to support Zimbabwe’s arrears clearance and international re-engagement efforts through the Zimbabwe Arrears Clearance Dialogue En

2 hours ago

Simbisa’s Big Run: US$85 Million Revenue Growth Faces Margin Test

Simbisa Brands, Zimbabwe's largest quick service restaurant operator, closed the third quarter of 2026 financial year with group revenue of US$85.3 million, up 23% year on year, driven by a 14% increa

16 hours ago

WestProp’s 80% Revenue Jump Faces Profit Conversion Test: Tax Consumes Half of Incremental Profit

WestProp Holdings Limited has reported revenue of USD 8.06 million for the first quarter ended 31 March 2026, an 80.2% increase on the USD 4.47 million recorded in Q1 2025, with net profit reaching US

21 hours ago

Zimbabwe’s 2026 Cotton Marketing Season Opens Amid Recovery in Output and Area Expansion

The broader significance of the 2026 cotton season lies in what it signals about rural agricultural recovery. The simultaneous increase in output, hectarage, and marketing infrastructure suggests that

1 day ago

The Great Africa Trek Pays Off: Regional Footprint Sprints Zimre to a Historic 142% Profit Surge

Zimre Holdings Limited has reported a 142% increase in profit for the first quarter ended 31 March 2026, rising from US$1.70 million to US$4.12 million, driven by strong top-line performance across al

1 day ago