Varun Beverages secures 10-year PepsiCo deal, as revenue hits $2.4 billion in Africa
Varun Beverages, which recently commissioned a $20 million snack manufacturing plant in Zimbabwe, is doubling down on Africa’s fast-growing consumer market after signing a fresh 10-year extension of its bottling agreement with PepsiCo following $2.4 billion in annual revenue and a rapid expansion across seven African countries.
Zim platinum output seen holding steady
Zimbabwe’s platinum production is expected to remain broadly stable for the rest of 2026, despite a sharp decline in first-quarter output caused by maintenance work at the country’s largest producer, latest industry projections say.
Padenga bullish on gold miner Dallaglio
Padenga Holdings says it expects its gold mining arm, Dallaglio Investments, to deliver a stronger performance for the rest of 2026, supported by firm gold prices and operational improvements at its Eureka and Pickstone mines.
Zim ranked among 10 best countries in Africa
Zimbabwe’s placement on the list is supported by recent economic resilience and notable milestones.
General Beltings wary of competition under AfCFTA
General Beltings Holdings expects the African Continental Free Trade Area (AfCFTA) to increase regional competition, creating additional pressure for domestic firms.
PPC engages Sinoma in Zim expansion
PPC Limited has signed a memorandum of agreement with Sinoma Overseas Development Co – a leading international specialist in cement production facilities construction – to build a new integrated cement plant at PPC Zimbabwe.
WestProp doubles down on manufacturing
Property developer WestProp Holdings is transforming itself from a conventional real estate business into a vertically integrated construction group incorporating building materials manufacturing, as persistent supply chain disruptions force developers to rethink how they deliver projects in Zimbabwe.
Banks rethink profit drivers, as scrutiny tightens
Zimbabwe’s banking sector is undergoing a strategic shift, with major financial institutions increasingly turning to deposit mobilisation and loan growth as regulatory pressure squeezes traditional fee income streams.
Innscor continues strong run
Diversified industrial giant Innscor Africa Limited delivered another solid trading performance in the third quarter of its 2026 financial year, with the group reporting broad-based volumes growth across key business units to reinforce its position as one of Zimbabwe’s most resilient consumer-facing corporates.
Bikita Minerals resumes lithium exports after securing licence
Bikita Minerals (Private) Limited has resumed lithium concentrate exports after securing an export licence from Zimbabwe’s Ministry of Mines and Mining Development.