Online Reporter
Business Reporter
Axia Corporation will invest at least US$6 million to build a centralised warehouse in Sunway City, Harare, for its flagship retail division, TV Sales & Home, to streamline logistics efficiency and reduce overhead expenses.
Briefing financial analysts on Wednesday, finance director Mr Simbarashe Mambanda said the company currently relies on three separate facilities, a fragmented setup that has severely hampered operational efficiency and driven up logistics costs.
Mr Mambanda explained that the decision to build the Sunway City hub comes as the company aggressively stockpiles inventory to cushion operations against supply chain disruptions and transit delays at regional ports and border posts caused by global geopolitical tensions.
“This should improve logistics and save on warehouse and distribution costs,” he said.
To protect its retail footprint from import bottlenecks, Axia has already expanded its buffer stock holdings to over three months of operational demand, with plans to increase this reserve to at least five months.
In terms of financial performance, Axia reported a 68 percent surge in profit before tax to US$19,39 million for the financial year ended June 30, 2026, up from US$11,54 million in the prior year.
Group revenue expanded 27 percent to US$249,55 million over the period, driven by aggressive volume expansion across its retail divisions.
TV Sales & Home anchored the group’s retail performance after posting a 37 percent volume increase, while Distribution Group Africa Zimbabwe recorded a 39 percent volume surge following the acquisition of a new agency contract.
