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 disposes of Mauritius, Zambia and Ghana operations
The Victoria Falls Stock Exchange listed restaurant chain’s origins can be traced back to 1987 when the first Chicken Inn branch was opened in Harare.
By Rufaro Hozheri
Oct. 11, 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
InnBucks, beyond what meets the eye
My first interaction with Innbucks was at a Simbisa outlet back in 2021, and just like any new product on the market, it was under some promotion of some sort.
By Rufaro Hozheri
Apr. 26, 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
Car enthusiasts head for Borrowdale Racecourse this Sunday
Speaking to NewsDay Life & Style, Meares said a number of local companies and individual car owners had confirmed their participation at the show.
By Winstone Antonio
Apr. 14, 2023
Business mounts fresh push for scrapping of ‘destructive’ tax
Local News
By Mthandazo Nyoni and Freeman Makopa
Nov. 15, 2024
ZNCC nudges govt for diaspora bond to bolster forex inflows
Local News
By Staff Writer
Nov. 15, 2024
Corrupt govt moles oiling ‘notorious’ gold cartels, Mutare Bridge faces collapse as siltation hits alarming levels
Local News
Nov. 15, 2024
