Group chief executive officer Lawrence Nyazema said part of the funding would also be channelled towards productive sectors, including mining, manufacturing and agriculture.
Business Digest
By Ruth Maseko
7h ago
Padenga now derives 94% of its revenue from mining, with the balance coming from its traditional crocodile farming operations.
Business Digest
By Concilia Mupezeni
7h ago
Globally, leading airports generate more than half their income from non-aeronautical streams, providing insulation against downturns in travel demand.
Business Digest
By Freeman Makopa
7h ago
The move comes as Masimba’s order book stands at US$278 million, underpinned by new contracts across mining, construction, housing development and roads.
Business Digest
By Blessed Ndlovu
7h ago
In October, I wrote about Innscor’s results in Money Never Sleeps. The story was about incredible revenue growth: a billion-dollar company growing at 19%.
Business Digest
By Tinashe Mukogo
9h ago
While top-line growth and pre-tax earnings point to early stage recovery, pressures around pricing, and taxation continue to weigh on earnings growth.
Business Digest
By Kudakwashe Taimo
9h ago
FRANCE has pledged to ramp up investment in Africa, where its capital commitments reached €52 billion (US$61 billion) in 2024,
Business Digest
By Tinashe Kairiza
22h ago
AFRICAN Export-Import Bank (Afreximbank) grew its total assets and contingencies to US$48,5 billion in 2025
Business Digest
By Mthandazo Nyoni
Apr. 9, 2026
“Additionally, it provides short term relief to African and Caribbean member states whose tourism and aviation industries have been adversely impacted by the crisis.”
Business Digest
By Mthandazo Nyoni
Apr. 7, 2026
The firm’s local subsidiary, Old Mutual Zimbabwe (OMZ), is now engaging authorities to resolve the issue, businessdigest has learnt.
Business Digest
By Blessed Ndlovu
Apr. 2, 2026
The company said it was in discussions with the Ministry of Finance, Economic Development and Investment Promotion (MoFED) after revealing last month that authorities owed it R1,9 billion.
Business Digest
By Tatira Zwinoira
Apr. 2, 2026
Zimbabwe’s rabbit industry is currently in a growth phase, although it remains constrained by limited production capacity
Business Digest
By Mthandazo Nyoni
Apr. 2, 2026
The growth was driven by a fair value adjustment gain of US$2,64 million and a recovery in investment-related income, which rebounded from a prior-year loss of US$6,54 million.
Business Digest
By Tatira Zwinoira
Apr. 2, 2026
The planned investment follows a solid performance in the financial year ended December 31, 2025, when profit after tax rose nearly 16% to US$1,38 million.
Business Digest
By Tatira Zwinoira
Apr. 2, 2026
“Based on what we are seeing here, we are in the 50% range occupancy levels as Victoria Falls as a destination, which is not normally the case in these low-season months.”
Business Digest
By Shame Makoshori
Apr. 2, 2026
Afreximbank president and board chairman George Elombi thanked the Egyptian government for hosting the event.
Business Digest
By Mthandazo Nyoni
Mar. 28, 2026
First Capital Bank Zimbabwe took second place, while NMB Bank finished third in a contest that brought together banking professionals from across the industry.
Business Digest
By Business Reporter
Mar. 27, 2026
Alongside the transition, the company has launched Infinity Connect, a connectivity package aimed at households and small businesses.
Business Digest
By Chen Williams
Mar. 27, 2026
New branches were opened in Chiredzi and Masvingo to extend the bank’s reach. Looking ahead, Mkanganwi said the growth outlook remains strong given commodity price trajectories.
Business Digest
By Staff Writer
Mar. 27, 2026
On the sell side, other financial institutions led disposals, offloading shares worth ZiG515,32 million (43,28%), while individual investors sold shares valued at over ZiG79,5 million (6,68%).
Business Digest
By Tatira Zwinoira
Mar. 27, 2026
Willdale widened its loss to US$953 490 for the year-ended September 30, 2025, reflecting constrained working capital, reduced production throughput and rising operating costs.
Business Digest
By Tatira Zwinoira
Mar. 27, 2026
Existing shareholders took up 120 553 102 shares, representing 45,66% of the offer, while Rutanhi absorbed the remaining 143 473 301 shares, accounting for 54,34%.
Business Digest
By Tatira Zwinoira
Mar. 27, 2026
Standard Bank Group is the parent company of Stanbic Bank Zimbabwe that together with CBZ Bank are the local arrangers for the proposed facility.
Business Digest
By Tatira Zwinoira
Mar. 27, 2026
The assurance came as global crude markets reeled from a war that has disrupted flows through a strategic artery handling roughly 20% of world oil supply.
Business Digest
By Mthandazo Nyoni
Mar. 27, 2026
More than 1 600 startups applied. Only eight made the cut.
Business Digest
By Mthandazo Nyoni
Mar. 26, 2026
Muradzikwa said the milestone reflected not only the determination of the graduates but also the support of families, mentors and employers who had accompanied them along the way.
Business Digest
By Mthandazo Nyoni
Mar. 21, 2026
“Our target is to raise about US$10 million, which will be used to construct a service centre in front of Nemakonde Road,” he said, referring to a site near Westgate.
Business Digest
By Concilia Mupezeni
Mar. 20, 2026
The decision, applied prospectively, reflects the economy’s continued reliance on the US dollar and brought an end to hyperinflation accounting for the unit.
Business Digest
By Tatira Zwinoira
Mar. 20, 2026
Murambinda said the company’s sorghum programme complements its commercial grain supply, anchoring production in its traditional beer segment.
Business Digest
By Freeman Makopa
Mar. 20, 2026
The group plans to roll out 31 new outlets and refurbish 21 stores by June 2026, part of a broader strategy to deepen its footprint across the region.
Business Digest
By Tatira Zwinoira
Mar. 20, 2026
The bank posted profit after tax of ZiG682,2 million for the half year to June 2025, up from ZiG27,1 million in the comparable period.
Business Digest
By Tatira Zwinoira
Mar. 20, 2026
Majuru said a market scan conducted by ZimTrade in Uganda last year revealed several opportunities for stronger commercial cooperation.
Business Digest
By Business Reporter
Mar. 19, 2026
The challenge of repatriating funds outside Zimbabwe appeared again in the parent company’s annual financial statements for the period ended December 31, 2025.
Business Digest
By Tatira Zwinoira
Mar. 18, 2026
Stanbic Bank Zimbabwe head of brand and marketing Tariro Memo said the institution places strong emphasis on education as a driver of opportunity and economic growth.
Business Digest
By Business Reporter
Mar. 18, 2026
Commenting on his appointment, Ndlovu said he was deeply honoured to assume the role at such a transformative moment in the company’s journey.
Business Digest
By Mthandazo Nyoni
Mar. 16, 2026
Destinations covered in the programme include Harare, Victoria Falls, Kariba, Bulawayo, Nyanga and Masvingo.
Business Digest
By Business Reporter
Mar. 16, 2026
Herry said the project aligned with national development priorities by focusing on maternal and child healthcare.
Business Digest
By Gracious Daniel
Mar. 13, 2026
The commission said 2025 marked a significant shift in deal-making activity, driven by domestic consolidation and rising cross-border investment.
Business Digest
By Mthandazo Nyoni
Mar. 13, 2026
Inflation slowed to 4,1% in January — the lowest level in more than three decades — while the exchange rate remained relatively stable under the willing-buyer willing-seller system.
Business Digest
By Mthandazo Nyoni
Mar. 13, 2026
With Econet leaving the exchange, analysts say Delta could absorb a significant portion of that investor demand.
Business Digest
By Tatira Zwinoira
Mar. 13, 2026
In the past week, mining firms in Zimbabwe’s platinum sector reported that significant sums were owed to them, and attributed to the RBZ.
Business Digest
By Staff Writer
Mar. 13, 2026
Under the programme, selected students will receive full tuition, accommodation, meals, laboratory and equipment fees, as well as a brand-new laptop.
Business Digest
By Business Reporter
Mar. 12, 2026
Former Nigerian president Olusegun Obasanjo, who chairs the IATF2027 Advisory Council, said preparations were already under way to ensure a successful event.
Business Digest
By Mthandazo Nyoni
Mar. 10, 2026
African Sun last week announced plans to buy back up to 40% of its issued shares at US$5,17 each.
Business Digest
By Tatira Zwinoira
Mar. 6, 2026
According to Matsekete, de-risking frameworks and policy coherence are essential to attract both domestic and foreign capital.
Business Digest
By Donald Nyandoro
Mar. 6, 2026
Under the country's export retention policy, exporters must surrender 30% of their foreign currency earnings to authorities in exchange for ZiG, at the prevailing interbank rate.
Business Digest
By Tatira Zwinoira
Mar. 6, 2026
The company confirmed that cumulative receipts under the MRA had reached US$1 million by June 2025, including US$500 000 received since February that year.
Business Digest
By Tatira Zwinoira
Mar. 6, 2026
Authorities have also introduced a 15% rental income tax on business leased premises, while calls to increase the income tax free threshold were rejected.
Business Digest
By Tatira Zwinoira
Mar. 6, 2026
The rankings highlight Afreximbank’s leadership in structuring debt solutions and attracting capital from a wide pool of investors both within and outside Africa.
Business Digest
By Mthandazo Nyoni
Mar. 5, 2026
A leading Harare-based company, Unihold Investments, has introduced a technologically advanced smart safe for smooth banking purposes.
Business Digest
By Jairos Saunyama
Feb. 27, 2026