Simbisa to expand Zim footprint
The group’s overall revenue grew by 6% year-on-year, with customer counts rising 7% versus prior year while real average spend fell 1%.
By Tatira Zwinoira
Nov. 20, 2024
Simbisa to sink US$17,8m in FY25 for expansion, modernisation
In its report for the year ended June 30, 2023, Simbisa announced it would open 92 new stores at a total cost of more than US$22 million in the following comparative year.
By Tatira Zwinoira
Oct. 2, 2024
Bakers Inn restructures, cuts staff after US$1m loss
The restructuring was driven by escalating operational costs, which had severely impacted the company's viability.
By Tafadzwa Mhlanga
Aug. 16, 2024
Simbisa declares strong profit growth
In its interim financial for the half year ended December 31, 2023, the company’s chairperson Addington Chinake said revenue rose by 7,4% to US$147,75 million.
By Tafadzwa Mhlanga
Mar. 1, 2024
Simbisa to open new branch in ChiTown
The paper understands that hundreds of millions of dollars in capex has been set aside for the expansion of Simbisa’s brands.
By Blessed Ndlovu
Jan. 31, 2024
Low liquidity threatens Simbisa’s expansion drive
The chairperson added: “For the year ending June 30, 2024, Simbisa plans to open 92 new stores at a total cost of more than US$22 million.
By Belinda Chiroodza
Oct. 30, 2023
First Capital Bank joins great trek to VFEX
In a notice on Friday, FCBL said further details about the impending listing on the VFEX would be made public once regulatory approvals are granted.
By Tatira Zwinoira
Mar. 19, 2023
Corrupt Harare chefs behind shocking ecological disaster
Local News
By Tinashe Kairiza and Julia Ndlela
Dec. 20, 2024
Zanu PF battles for influence amid Sadc-wide poll crises
Local News
By Tinashe Kairiza and Tinofara Chiwanza
Dec. 20, 2024
