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Relentless inflation batters pillar of Zim recovery hopes
They spoke as official data showed annual inflation making an astounding comeback in April, spiralling to 85,7% — up from 57,% in April 2024.
By Mthandazo Nyoni
9h ago
Could the black market become the only market in Zimbabwe?
Retail customers turned to informal markets where they could pay in the US dollars they still preferred, and at the more reasonable black market exchange rate.
By Global Press Journal
May. 8, 2025
OK says US$30m capital raise at advanced stage
Last month, OK’s board resolved to undertake a capital raise of US$30 million to bridge a funding gap, pay creditors and stabilise the company’s financial position.
By Tatira Zwinoira
May. 5, 2025
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State diamond miner mulls retrenchments
Impeccable sources with knowledge of the plan said ZCDC's state of finances had resulted in delayed salaries.
By Tinashe Kairiza
Apr. 4, 2025
OK charts recovery plan, announces US$30m capital raise
This left retailers essentially selling goods at a discount, forcing consumers to turn to the informal sector for higher purchasing power.
By Tatira Zwinoira
Apr. 3, 2025
Revitalising Zimbabwe’s retail, wholesale sector
This significant contribution underscores the sector’s critical role in sustaining economic activity, especially as formal businesses continue to lose market share to the informal economy.
By Kudakwashe Taimo
Mar. 28, 2025
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Zimbabwe’s power crisis adds to business’ woes
Zesa said it would be commencing maintenance work at the Hwange power station’s Unit 7 beginning last Sunday until March 29.
By Tafadzwa Mhlanga
Mar. 9, 2025
OK Zimbabwe leadership swap: Will nostalgia save the retail giant?
OK is fighting for basic survival. Shelves are bare, forex is scarce, and the ZiG currency remains mistrusted.
By Mark Mtombeni
Mar. 9, 2025
Markets bullish as old guard returns to OK supermarkets
“Therefore, expecting a rapid revival of the retail giant may be overly optimistic.
By Julia Ndlela
Mar. 7, 2025
