Instead of returning home with enough money to improve his life and prepare for the next farming season, Chimbada says most of his earnings disappeared into debt repayments.
Business
By Blessed Ndlovu
May. 31, 2026
It also raises questions about how international investors are pricing "Zimbabwe risk" at a time when several multinational firms have either exited the market or scaled back their exposure.
Business
By Tatira Zwinoira
May. 31, 2026
With miner and crocodile farmer Padenga Holdings Limited (Padenga) planning to produce between 90 000 and 95 000 ounces of gold this year, the group has increased its capex by US$18 million.
Business
By Tatira Zwinoira
May. 24, 2026
As the first rays of sunlight pierce through the dry plains of Marula, a small settlement between Bulawayo and Plumtree, a transparent barn almost glows with trapped heat from the Matabeleland sun.
Business
By Ashton Ndakusiya
May. 24, 2026
Beyond the political symbolism, the trip carries important implications for US stock markets, global trade, and investor confidence.
Business
By Isaac Jonas
May. 17, 2026
This shift has provided the group with a robust buffer and the liquidity necessary to fund its ambitious capital projects.
Business
By Concilia Mupezeni
May. 17, 2026
The fast-food giant has 17 new outlets currently in the pipeline for its fourth quarter ending June 30, 2026, as the group moves to defend margins in an increasingly strained consumer environment.
Business
By Tatira Zwinoira
May. 17, 2026
They travel long distances to buy goods, spend countless hours trading, and proudly count daily cash collections at the end of the day.
For decades, the narrative of Zimbabwe’s economic survival has been etched into its soil and extracted from its mines.
Business
By Concilia Mupezeni
May. 10, 2026
African Distillers Limited (Afdis) has paid US$690,000 in additional tax assessments to the Zimbabwe Revenue Authority (Zimra) for the financial year ended March 31, 2026.
Business
By Tatira Zwinoira
May. 9, 2026
To further sweeten the deal, the instruments carry a 20% annual coupon, which the company says can be paid out in cash or through the issuance of additional tokens.
Business
By Mthandazo Nyoni
May. 3, 2026
The AOF, a closed-end investment firm traded on the Specialist Fund Segment of the London Stock Exchange, detailed these structural hurdles in its 2025 annual report.
Business
By Tatira Zwinoira
May. 3, 2026
Gold fever is on full display across the Zimbabwean landscape, and Caledonia Mining Corporation is betting big on a future paved in bullion.
Business
By Tatira Zwinoira
Apr. 26, 2026
As global volatility continues to cast a long shadow over domestic markets, the Confederation of Zimbabwe Industries (CZI) has issued a stern advisory to the nation’s financial authorities.
Business
By Tatira Zwinoira
Apr. 26, 2026
The primary catalyst for this renewed anxiety is the escalating conflict in the Middle East.
Business
By Tatira Zwinoira
Apr. 19, 2026
Ariston Holdings Limited, a major player in the regional agricultural sector, has reported a significant 58% decline in revenue for the first quarter ended December 31, 2025.
Business
By Tatira Zwinoira
Apr. 19, 2026
Vice President JD Vance departed Pakistan without a deal. President Donald Trump announced a naval blockade of the Strait of Hormuz
Business
By Isaac Jonas
Apr. 19, 2026
For Zimbabwe, these disruptions are not abstract headlines; they translate into rising costs, delayed imports, and unstable access to key production inputs.
In particular Masiyiwa made reference to the 12 000-hectare Eko Atlantic hub in Lagos, Nigeria, built on reclaimed land, where his Data Centre group has established a large facility.
Business
By Own Correspondent
Apr. 12, 2026
CBZ Holdings Limited chairman Luxon Zembe said the domestic economy was expected to grow on the back of strong agricultural output, stable exchange rates and firm mineral prices.
Business
By Mthandazo Nyoni
Apr. 12, 2026
King said designs had been completed and work is expected to start before the end of the year.
Business
By Own Correspondent
Apr. 12, 2026
This breakdown in trust created a “vicious cycle” where empty shelves further eroded sales, leaving the group unable to generate the liquidity needed to clear remaining balances.
Business
By Tatira Zwinoira
Apr. 5, 2026
This meteoric rise represents a staggering 840% year-over-year growth, cementing the group’s transition from a niche crocodile breeder into a diversified mining powerhouse.
Business
By Tatira Zwinoira
Apr. 5, 2026
Among its most significant holdings is a 26% stake in Centragrid Private Limited, an independent power producer (IPP) based in Nyabira.
Business
By Blessed Ndlovu
Mar. 29, 2026
TM Pick n Pay’s struggles are compounded by a 50% spike in finance costs and a significant reduction in net monetary adjustments.
Business
By Tatira Zwinoira
Mar. 29, 2026
The Zimbabwe National Statistics Agency (ZimStat) on Thursday reported that annual ZiG inflation increased from 3,8% in February to 4,4% in March.
Business
By Business Reporter
Mar. 26, 2026
Innscor chairman Addington Chinake emphasized that the group’s primary objective in the coming months will be to build upon the momentum achieved during the first half of the financial year.
Business
By Ruth Maseko
Mar. 22, 2026
However, the scale of the increase has sparked a backlash from consumer advocates and business leaders who argue that the government’s own tax appetite is the primary driver of the high costs.
Business
By Ashton Ndakusiya
Mar. 22, 2026
In a pastoral letter dated March 19, 2026, the Zimbabwe Catholic Bishops’ Conference said political authority must flow from citizens, not be concentrated in the executive.
Business
By Miriam Mangwaya
Mar. 19, 2026
By contrast, Zimbabwe’s relatively modest contraction underscored the resilience of its platinum sector despite persistent domestic energy constraints.
Business
By Mthandazo Nyoni
Mar. 16, 2026
The group said in its half-year financial report for the period ended December 31, 2025 that it recorded a 22% increase in revenue to US$122,03 million compared to the prior year.
Business
By Tatira Zwinoira
Mar. 16, 2026
The move toward a single local currency depends on several "conditions precedent" designed to provide market comfort.
According to the Insurance and Pensions Commission’s third-quarter 2025 report, total assets in the sector grew by 5% to approximately US$2.77 billion.
Business
By Tatira Zwinoira
Mar. 8, 2026
“I’m so happy and proud of the industry because TSF has announced to me today that our farmers will be paid within 30 minutes,” Haritatos said.
Business
By Concilia Mupezeni
Mar. 1, 2026
“The daily limits were below the ZiG500 million optimal Liquidity level prior to 27 May 2025 and stayed within the revised threshold of ZiG600 million during the remainder of 2025.”
Business
By Tatira Zwinoira
Mar. 1, 2026
According to the 2026 budget, the government is targeting to collect revenues amounting to ZiG288 billion (US$9,4 billion) against planned expenditures of ZiG290,9 billion (US$9,5 billion).
The drop in the inflation rate has been linked to the relatively stable exchange rate that has fluctuated in the US$1:ZiG25 to ZiG29 range for several months.
Afdis had US$1, 64 to every dollar of short-term debt, indicating a strong liquidity position and sufficient capacity to fund its capital expenditure programme.
Business
By Tatira Zwinoira
Feb. 15, 2026
In its new 2025 Import & Export Trade Analysis report, Buy Zimbabwe noted that export earnings increased from US$6,06 billion in 2021 to US$9,71 billion by 2025.
Business
By Tatira Zwinoira
Feb. 15, 2026
The practical learning model allows trainees to apply theoretical knowledge to real business challenges while building confidence and professional competence.
Business
By Staff Reporter
Feb. 15, 2026
IMF said the programme also supported structural reforms to strengthen governance and improve the management of fiscal risks.
Business
By Business Reporter
Feb. 8, 2026
The group’s Hunyani Paper and Packaging subsidiary experienced a sales volume decline of 3% owing to reduced demand for commercial cartons.
Business
By Tatira Zwinoira
Feb. 8, 2026
We should be proactive to overcome the global myths among entrepreneurs who misallocate their scarce resources, as these myths are baseless from inception.
The revenue growth was driven by volume recovery across all business units, supported by the strong 2024/25 tobacco season.
Business
By Belinda Chiroodza
Feb. 1, 2026
Zimbabwe implemented a new gold royalty of 3% when the price is below US$1 200 per ounce, 5% between US$1 200 and US$5 000, and 10% when prices exceed US$5 000.
Business
By Tatira Zwinoira
Feb. 1, 2026
Participants were guided on how to begin their SBTi journeys and gained practical insights into the critical role of climate finance in enabling sustainable transitions.
Business
By Takemore Mazuruse
Jan. 26, 2026
It specialises in providing solar pump inverters, general variable frequency drives (VFDs), and commercial and Industrial (C&I) energy solutions to its clients.
Business
By Belinda Chiroodza
Jan. 25, 2026
The update noted that the number of Statutory Instruments (SIs) more than doubled between 2016 and 2020, climbing from 137 to over 300.
Business
By Business Reporter
Jan. 25, 2026
The surge reflected strong demand for power-storage technologies against an outlook of constrained supply.
Business
By Tatira Zwinoira
Jan. 18, 2026