Another common defence is that accountants and lawyers are best suited to boards because they protect shareholders by controlling costs, managing risk, and ensuring regulatory compliance.
Business
By Jacob Mutisi
2h ago
The guarantee is provided to GreenCo on a back-to-back basis via IFDK, which has also invested an additional US$6 million as first-loss capital.
Business
By Business Reporter
Dec. 23, 2025
The capital markets regulator noted that the stability of the local currency signals policy consistency, reassuring investors of a more predictable policy environment.
Business
By Business Reporter
Dec. 22, 2025
A discounted cash flow model covering a 13-year mine life was applied, using a PGM basket price of US$1 802 per ounce and a pre-tax discount rate of 12,8%.
Business
By Tatira Zwinoira
Dec. 22, 2025
FBCH is expected to continue updating shareholders and stakeholders as the implementation progresses and as further regulatory steps are concluded.
Business
By Business Reporter
Dec. 19, 2025
The increase in revenue is from ZiG6,71 billion recorded over the third quarter of 2024.
Business
By Staff Reporter
Dec. 19, 2025
He explained how the group was pursuing a blended financing model for its expansion plans.
Business
By Tatira Zwinoira
Dec. 19, 2025
Each dollar invested through the Fund currently mobilises more than US$2,50 in co-financing and private capital, a ratio expected to rise further under the new approach.
Business
By Business Reporter
Dec. 18, 2025
CZI said past experiences of currency collapse and hyperinflation had further eroded public confidence in any new local currency.
Business
By Business Reporter
Dec. 18, 2025
Last month, OK explained that the board would be reconstituted to introduce fresh expertise and new perspectives.
Business
By Tatira Zwinoira
Dec. 18, 2025
Econet InfraCo to build industrial park, data centre near Harare airport
Business
By Staff Reporter
Dec. 17, 2025
Carbon credit insurance protects investors and project developers from risks such as regulatory changes, carbon issuance delays, verification disputes, and project underperformance.
Business
By Melody Chikono
Dec. 17, 2025
The transaction needs approval of shareholders at a yet-to-be-set date.
Business
By Tatira Zwinoira
Dec. 17, 2025
The fund will also acquire a modern retail centre with top consumer brands located within the ZITF complex in Bulawayo.
Business
By Business Reporter
Dec. 17, 2025
The Hogerty Hill Centre is valued at US$18,6 million, a modern retail hub with a diversified tenant mix servicing the Hogerty Hill and Hatcliffe areas.
Business
By Tatira Zwinoira
Dec. 17, 2025
Ariana said it expects to receive the first assay results before the end of the year and will report them in due course.
Business
By Business Reporter
Dec. 16, 2025
As part of its annual CSI partnership with FOTE, the bank also had representatives participate in the 110km Walkathon.
Business
By Online Reporter
Dec. 15, 2025
ZSE further advised that, in terms of section 15(d) of its listing rules, NTS securities will no longer be tradable from December 31, 2025.
Business
By Business Reporter
Dec. 15, 2025
“The group has additional owned properties worth US$17,2 million, and these may be disposed of to fund working capital requirements, should it be necessary, and subject to board approval.”
Business
By Tatira Zwinoira
Dec. 15, 2025
CZI noted that although stability helped, several structural challenges continued to weigh on firms.
Business
By Business Reporter
Dec. 15, 2025
This was due to better cash generation during the period, leading to total assets worth US$50,22 million, an increase from US$44,55 million in the year prior.
Business
By Tatira Zwinoira
Dec. 10, 2025
Kavango has three projects in Zimbabwe. The miner is currently focusing on its most promising project, Hillside, which consists of 44 gold claims covering 503 hectares.
Business
By Business Reporter
Dec. 10, 2025
The Dokwe project hosts over one million ounces of gold, with an in-ground resource valued at nearly US$4 billion at current prices.
Business
By Business Reporter
Dec. 10, 2025
TEA producer, Tanganda Tea Company Limited, will dispose of non-core assets and secure bridging finance as it seeks to raise US$7 million for working capital needs.
Business
By Melody Chikono
Dec. 9, 2025
ZNCC cautioned that companies would have little choice but to pass the higher tax burden onto consumers, further eroding household purchasing power and slowing overall economic activity.
Business
By Tatira Zwinoira
Dec. 9, 2025
BRICK manufacturer Willdale Limited has accelerated plans to develop an industrial commercial park after successfully regaining possession of its Mt Hampden land.
Business
By Tatira Zwinoira
Dec. 9, 2025
SEED Co International Limited (SCIL), the foreign currency-earning subsidiary of the Seed Co Group, slashed its interim loss by nearly 93% to US$200 000 for the half-year ended September 30, 2025
Business
By Tatira Zwinoira
Dec. 9, 2025
The Comesa Yellow Card Scheme is a regional motor vehicle third-party insurance programme operational across all member States.
Business
By Melody Chikono
Dec. 8, 2025
Under the three-tiered structure, gold sold at US$0–US$1 200 per ounce will attract a 3% royalty, US$1 201–US$2 500 will draw 5%, while prices above US$2 501 will incur a 10% royalty.
Business
By Tatira Zwinoira
Dec. 8, 2025
TELECOMS firm Econet Wireless Zimbabwe (Econet) has begun evaluating potential corporate actions to address what it calls a “grossly undervalued” share price to unlock shareholder value
Business
By Melody Chikono
Dec. 5, 2025
PUMA Energy, the leading global downstream energy business concern, is betting on the growth of the aviation sector amid rising passenger traffic into Zimbabwe.
Business
By Business Reporter
Dec. 5, 2025
However, in its half-year performance ended June 30, 2025, BATZ overturned its loss-making position to post a profit after tax of US$4,33 million, from a prior-year loss of US$12,84 million.
Business
By Business Reporter
Dec. 4, 2025
This, FBC added, caused a fiscal deficit predominantly financed through domestic sources, including T-bill issuances and central bank overdraft facilities.
Business
By Tatira Zwinoira
Dec. 4, 2025
She said policymakers need to refrain from imposing punitive taxes that may discourage individuals and businesses from entering the formal economy.
Memo highlighted the significance of the milestone, noting that the partnership has spanned over a decade.
Business
By Boitumelo Makhurane
Dec. 3, 2025
JERSEY-DOMICILED miner, Caledonia Mining Corporation, has warned that Zimbabwe’s proposed 2026 gold royalty reforms will squeeze profitability and cash generation at Blanket Mine
Business
By Tatira Zwinoira
Dec. 3, 2025
In February, Mutapa disclosed that its portfolio comprises assets valued at over US$20 billion, drawn from more than 20 State-owned entities (SOEs) under its management.
Business
By Tatira Zwinoira
Dec. 3, 2025
The Zimbabwe Technological Solutions (ZTS), SIRDC’s commercial arm, says the proposed plant is key to reducing the country’s annual livestock vaccine import bill.
Business
By Melody Chikono
Dec. 2, 2025
“Treasury should have left VAT at 15%, gradually reduced IMTT to 1% for both ZiG and USD, and ensured it is tax-deductible as proposed,” Mugaga said.
“We are dedicated to unlocking the vast potential of sports tourism in Zimbabwe,” Sanyamandwe said.
Business
By Alfonce Mbizwo
Dec. 1, 2025
“The overall impression I got is that it’s a complacent document, suggesting that everything is fine and there’s no need to fix what’s broken.”
He said the shift was regressive and placed a heavier burden on the working poor.
Business
By Melody Chikono
Dec. 1, 2025
Instead, the minister reduced the IMTT rate on ZiG-denominated transactions to 1,5%, from 2%, and kept it at 2% for forex transfers.
Business
By Business Reporter
Dec. 1, 2025
Speculations were that the billionaire reneged due to allegations that high-ranking government officials demanded ‘mediation fees’ to facilitate the billionaire’s investment.
Business
By Business Reporter
Nov. 28, 2025
Market analysts also highlighted the importance of involving local banks and increasing local-currency financing to broaden investor participation.
Business
By Melody Chikono
Nov. 28, 2025
She highlighted that lots of risks in Africa, including political risk and an uncertain regulatory environment, can lead to uncertainty from an investor’s point of view.
Business
By Melody Chikono
Nov. 28, 2025
He added that the company will shortly commission a landmark project.
Business
By Melody Chikono
Nov. 28, 2025