The High Court dismissed Credsure's application to halt a US$1.25 million lawsuit over a failed medicinal cannabis export venture, ruling there was sufficient evidence for trial, as reported by NewZimbabwe.com. The case stems from a financing dispute that collapsed amid regulatory uncertainty. The ruling underscores the legal risks facing Zimbabwe's nascent cannabis industry, where unclear licensing and enforcement deter investment. This legal setback highlights the significant barriers to entry in Zimbabwe's emerging cannabis sector.
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Delta Corporation is investing US$40 million in a capacity expansion programme to increase brewing capacity, as reported by the Financial Gazette, marking a major capital outlay. The company is leveraging strong cash generation to meet rising demand for its beverages across the region and beyond, ensuring supply meets demand. The investment follows double-digit sales growth, with Delta benefiting from a stable currency environment and improved consumer spending patterns in recent months. The new production line is expected to come online within 18 months, boosting output significantly and supporting market expansion plans. The horizon now hinges on sustained consumer demand amid economic headwinds that could dampen sales and affect profitability, as any currency volatility or tax hikes could erode the returns on this capital expenditure, posing significant risks to the investment's viability.
NetOne terminated CEO Mushanawani's contract following a board resolution, weeks after he was placed on leave. NewsDay reported chief technical officer Chris Muchechemera was appointed acting CEO. The move ends a turbulent five-year tenure marked by operational challenges and alleged governance issues. The friction: the termination reflects ongoing instability in Zimbabwe's state-owned telecom sector, with political interference often cited. The core vulnerability: NetOne's leadership vacuum could hinder its competitiveness against private rivals, potentially affecting service quality for millions of subscribers and the company's market share.
African Sun has purchased the remaining 50% stake in Victoria Falls Hotel from Meikles, gaining 100% control of the iconic 1904 resort, as reported by New Zimbabwe. The acquisition consolidates African Sun's dominance in Zimbabwe's hospitality sector after years of joint ownership. The hotel, known as the Grand Old Lady of the Falls, is the oldest and most iconic resort in the region. African Sun now faces the challenge of maintaining the hotel's heritage status while competing with newer luxury developments. The firm must balance preservation with modernization to attract high-end tourists, testing its operational strategy in a competitive market.
NetOne will not renew CEO Raphael Mushanawani’s contract, sources told NewZimbabwe, amid allegations of maladministration and disregard for corporate practices. The state-owned mobile operator’s board moved to end his tenure following internal complaints about poor decision-making and governance lapses. Mushanawani’s leadership had faced mounting criticism over poor administration and failure to adhere to governance standards. The decision follows a broader government push to clean up state enterprises, though similar efforts have often stalled due to political interference and patronage networks. NetOne now confronts the task of finding a successor capable of reversing its market share losses and modernizing its infrastructure. The leadership vacuum risks further instability at a time when the telecom sector faces intense competition and regulatory scrutiny.
The Zimbabwean corporate community is mourning the passing of Dr. Robbie Matongo Mupawose, who died on June 21, 2026. Mupawose was widely regarded as a boardroom giant and a pioneer in agricultural administration and corporate governance. According to local accounts, his extensive career left an indelible mark on several major national institutions and private boards. His death represents a significant loss of institutional memory and leadership for the country's business sector. Mupawose's legacy highlights the critical role that early post-independence technocrats played in shaping Zimbabwe's modern corporate landscape.
Zimbabwean billionaire Strive Masiyiwa has joined the board of advisors of Laurel Strategies, a prominent global CEO advisory firm. NewZimbabwe reported that the Econet Group founder will counsel Fortune 500 executives on international strategy, crisis management, and corporate governance.\n\nWhile corporate leaders celebrated the appointment as a win for African representation, some regional analysts question the geopolitical implications of his alignment with Western advisory firms. Critics suggest that Masiyiwa's expanding global influence could complicate his domestic business relations within highly sensitive African regulatory environments.\n\nThe strategic vulnerability lies in balancing his role as a global corporate statesman with the volatile regulatory landscapes of his primary African markets. As local governments increasingly scrutinize multinational entities, any perceived alignment with foreign interests could jeopardize his domestic operations and telecommunications licenses.