Simbisa expands restaurant network as customer volumes hit record 53.6m
Simbisa Brands opened 29 new fast-food outlets during the year to June 2026 as the quick-service restaurant operator saw customer volumes grow 11 percent to a record 53.6 million.
Innscor invests $121 million in factories, solar
Innscor Africa Limited invested $121.2 million in new plant, equipment, and infrastructure during the year ended 30 June 2026, a 64 percent surge from the previous year, driven by the group’s efforts to expand capacity across its bakery, protein, and beverage operations.
Zimbabwe’s Zed Koudounaris and Michael Fowler turned a Harare chicken shop into a $1.3 billion empire
Innscor’s roots run to May 1968, when Michael Fowler’s father established TV Sales and Hire, a business selling household appliances to Zimbabweans who could not pay for them outright. Hire purchase was the product. Fowler and Zinona Koudounaris had known each other since Vainona High School in Harare.
Tanganda delays half-year financials over shareholder transition
Tanganda Tea Company has delayed publication of its half-year financial results as it completes financial review processes linked to an ongoing shareholder transition.
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.
Innscor tightens grip on Tanganda with board shakeup, new CEO appointment
Among the notable appointments is Addington Chinake, who assumes the role of board chairman, alongside new non-executive directors – Julian Schonken and Calum Philp, all with strong ties to Innscor’s leadership structures.
Innscor calls for broader sugar tax as imports gain edge
The levy is “placing the products produced by local operators at a distinct price disadvantage to non-compliant beverage producers, and, in particular, imported beverage products which now dominate local shelves.”
Innscor posts $636m revenue, up 19pc
Innscor Africa Limited (Innscor) posted a revenue of $635.784 million for the six months ended 31 December 2025, up 18.7 percent from $535.787 million posted in prior comparable period.