National Foods reports major decline in total volumes in the first half

ZIMBABWE – National Foods Holdings Limited, Zimbabwe’s listed agri-industrial concern has reported a 32% decline in total volumes for the half year to December 31, 2019 attributable to declines across all segments apart from the […]

International suppliers close tap on Zimbabwe’s manufacturer spear headed by legacy debts

ZIMBABWE – International suppliers of crude oil for the manufacturing of cooking oil have closed the tap on one of Zimbabwe’s biggest cooking oil manufacturer, Surface Wilmar following its failure to settle legacy debts. Lack […]

Zimbabwe’s Pick n Pay operator Meikles Supermarkets reports decline in sales volume

ZIMBABWE – Meikles Limited, operators of TM Pick n Pay retail outlets in Zimbabwe saw sales volumes retreat by 28% and 24% for the third quarter and nine months ended December 2019, respectively, as disposable […]

OK reports I5% drop in third quarter volumes on the back of hyperinflation environment

ZIMBABWE – The Zimbabwe Stock Exchange listed retailer, OK Zimbabwe, recorded a 15% drop in sales volumes for the third quarter for the financial year ending March 31, 2020 on the back of hyperinflation environment […]

Simbisa Brands set to open 15 new outlets seeking to consolidate its market share

ZIMBABWE -Zimbabwe’s Quick service restaurant (QSR) group, Simbisa Brands Limited is targeting to open 15 new outlets across the country this year, at an estimated cost of US$3 million, According to Warren Meares, Managing Director […]

Tanganda Tea reports decline in production amidst challenging operating environment

ZIMBABWE – Zimbabwe’s largest grower and producer of tea and coffee, Tanganda Tea Company Limited – a subsidiary of Meikles Limited – reported a decline in bulk tea production during the third quarter and nine […]

Schweppes Zimbabwe to relaunch Mazoe Orange Crush as conditions improve

ZIMBABWE – Schweppes Zimbabwe, manufacturer and distributor of non-carbonated beverages under licence from The Coca-Cola Company Limited will soon resume production of its iconic Mazoe Orange Crush brand, with the product expected on the market […]

Stiff economic environment stagnates Varun Beverages investments in Zimbabwe

ZIMBABWE – Varun Beverages Zimbabwe (Pvt) Limited, the franchise bottler of PepsiCo in Zimbabwe is struggling to recoup its US$50 million investment in the country due to a turbulent economic environment characterised by an acute […]

SeedCo Limited reports reduction in profits coupled with low sales volume in the nine months ended December 2019

ZIMBABWE – Zimbabwe’s largest seed producer, Seed Co Limited has reported a 24% reduction in its sales volumes for the nine months ended December 31, 2019, reflecting Zimbabwe’s ongoing economic challenges and unfavourable weather conditions. […]