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
1h ago
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
1h ago
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
The Minister’s own words acknowledge progress. “The year 2025 marks the end of the NDS1 implementation period with indications that most of the NDS1 targets were achieved,” he declared
Business
By Lawrence Makamanzi
Nov. 28, 2025
According to Ncube, the government valued the economy at US$52,4 billion following its rebasing a few months back.
Business
By Tatira Zwinoira
Nov. 28, 2025
Finance, Economic Development, and Investment Promotion minister Mthuli Ncube announced in the 2026 National Budget presented yesterday.
Business
By Tatira Zwinoira
Nov. 28, 2025
She revealed this on the sidelines of the ongoing Africa Investment Forum in Morocco.
Business
By Melody Chikono
Nov. 27, 2025
He revealed that a Chinese bank has already committed US$500 million to the project, alongside a matching investment from the African Development Bank.
Business
By Melody Chikono
Nov. 27, 2025
MINERAL earnings are expected to end the year at US$7 billion before growing to US$7,5 billion in 2026, buoyed by surging gold prices and a recovery in commodity prices for other minerals
Business
By Blessed Ndlovu
Nov. 27, 2025
As part of the funding deal, Invictus and AMH also established a joint venture—Al Mansour Oil & Gas (AMOG)—to acquire, develop and operate oil and gas assets across Africa.
Business
By Business Reporter
Nov. 26, 2025
He outlined what he called Africa’s “four cardinal points” for economic renewal.
Business
By Melody Chikono
Nov. 26, 2025
Stanbic’s recognition places it among a distinguished group of international financial institutions celebrated across Africa, Europe, Asia, the Middle East and the Americas.
Business
By Allen Mangava
Nov. 26, 2025
The panel noted Africa’s power sector cannot continue relying on foreign-currency borrowing while earning revenue in volatile local currencies, as it is unsustainable.
Business
By Melody Chikono
Nov. 26, 2025
“We are pleased to have completed this sale agreement for the Step Aside asset,” Prospect’s managing director and chief executive officer, Sam Hosack, said.
Business
By Business Reporter
Nov. 26, 2025
Caledonia said that it expects to start “first production” at the Bilboes Mine in late 2028.
Business
By Tatira Zwinoira
Nov. 26, 2025
ZIMBABWE School of Mines (ZSM) is in talks with the Civil Aviation Authority of Zimbabwe (Caaz) to create a centre that will train students in drone piloting for geological surveying,
Business
By Blessed Ndlovu
Nov. 26, 2025
He revealed that Bulawayo Metropolitan Province also recorded the highest number of investments by individual companies, which pointed towards an industrial renaissance.
Business
By Nizbert Moyo
Nov. 25, 2025
She urged Necs to adapt to global disruptions, particularly in the digital era, and to prioritise environmental sustainability in their policies.
Business
By BELINDA CHIROODZA
Nov. 25, 2025
The survey notes that citizens want fewer and lower taxes overall, arguing that high tax rates and the proliferation of levies are stifling disposable incomes and business growth.
Business
By Ashton Ndakusiya
Nov. 25, 2025
Zimunya also stressed the importance of government support in stimulating economic growth.
Business
By RUTH MASEKO
Nov. 24, 2025
He said this was largely a result of strategic business model adjustments to better recognise the firm’s value chain partners and protect market share.
Business
By Tatira Zwinoira
Nov. 24, 2025
The insurance executive said the lack of shared platforms, systems and pooled capabilities was driving up operational costs and weakening competitiveness, especially for smaller players.
Business
By Melody Chikono
Nov. 24, 2025
“In terms of engagement, we have constructed dialogue with authorities and regulatory bodies to streamline our processes and also engage with academia,” he said.
The award was part of a segment during the conference, highlighting Mupani Mine’s dedication to enhancing SHE practices, establishing it as the mine that has shown the most consistency.
Mbauya addressed the importance of fair productivity gains for workers, warning against allowing gains to disproportionately benefit shareholders.
Business
By BELINDA CHIROODZA
Nov. 22, 2025
He said the economy was “performing well” on the back of strong agricultural output, firm gold prices, and improved macroeconomic stability.
Business
By Melody Chikono
Nov. 21, 2025
The bank’s disposal of Makasa will replace its recorded assets with cash proceeds of an equivalent amount.
Business
By Tatira Zwinoira
Nov. 21, 2025
The indaba has been organised by the Insurance Institute of Zimbabwe.
Business
By Melody Chikono
Nov. 21, 2025
Another economic analyst welcomed MIF’s transparency on gold statistics but questioned how the figures translate to improved living standards.
Business
By Nhau Mangirazi
Nov. 20, 2025
Francis Nzwili, managing director of Continental Re Botswana, emphasised the importance of accurate risk assessment in cross-border trade.
Business
By Melody Chikono
Nov. 20, 2025
Chinyuku pushed for a fundamental shift in how African economies view insurance, arguing it should be understood not as a cost, but as a critical source of development capital.
Business
By Melody Chikono
Nov. 20, 2025
The audited results on the loss-making position for the year ended March 31, 2025 was an improvement of 15,5% from the initial unaudited loss of US$29,61 million first reported by OK.
Business
By Tatira Zwinoira
Nov. 20, 2025
This loss was from a profit after tax of US$559 871 in the prior year, down from 2022’s comparative of US$918 837 due to a challenging operating environment.
Business
By Tatira Zwinoira
Nov. 20, 2025