Business Articles

OK Zimbabwe Suffers US$17.8M, Announces Further Closures as Chairman Nkala Exits

OK Zimbabwe, the country’s largest retail group, has reported a staggering US$17.81 million net loss for the half-year ended September 30, 2025, as a severe liquidity crunch and supply chain disruptions pushed the retail giant to the brink of technical insolvency. The...

NTS, Econet Move to Delist from ZSE as Economic Strain Deepens

Vongai Masuka The Zimbabwe Stock Exchange (ZSE) is set to lose two of its major players as National Tyre Services (NTS) and telecommunications giant Econet Wireless Zimbabwe announced separate plans to terminate their listings, citing gross undervaluation and...

Hailstorm Devastates Zimbabwe’s Tobacco Crops, US$4 Million Loss Reported

Johnson Progress A devastating hailstorm has destroyed tobacco crops worth over US$4 million in Headlands, Zimbabwe, leaving farmers reeling from the loss. The violent storm, which lasted just 10 minutes, has shredded 387 hectares of flourishing tobacco, mainly from...

OK Zimbabwe Turns to Supplier-Finance Schemes to Keep Shelves Stocked Amidst Financial Struggles

Johnson Progress OK Zimbabwe Limited, the retail giant, has turned to supplier-finance schemes to maintain stock levels amidst severe revenue decline and liquidity crunch. The company has been facing challenges since last year, driven by supply chain disruption,...