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