FINANCIAL SERVICES

Afreximbank posts strong net income of US$215 million

The African Export-Import Bank (Afreximbank) has reported a strong financial performance for the first quarter of 2025, demonstrating resilience and profitability amid global economic headwinds. The p...

By Staff reporter | Published: 22 May 2025

LANDS & AGRICULTURE

Seed firms crippled by Zimbabwe govt debt

Zimbabwe's seed industry is teetering on the edge of collapse as the government grapples with ballooning debt, having failed to pay seed suppliers nearly US$270 million over the past three farming sea...

By Staff reporter | Published: 22 May 2025

LANDS & AGRICULTURE

Only 10,85% of Zimbabwe's arable land under irrigation

Only 10.85% of Zimbabwe's two million hectares of irrigable land is currently under irrigation, a shortfall that continues to limit the country's food security and grain export potential, Deputy Minis...

By Staff reporter | Published: 22 May 2025

FINANCIAL SERVICES

NMBZ generates ZWG396 million in 3 months

NMBZ Holdings has posted a record performance for the first quarter of 2025, generating an impressive operating income of ZWG396 million, as the financial services group sets its sights on regional gr...

By Staff reporter | Published: 22 May 2025

LANDS & AGRICULTURE

Cotton buying season begins

The 2025 cotton-buying season is scheduled to begin on June 1, with the Government finalising consultations on prices for various cotton grades, Information, Publicity and Broadcasting Services Minist...

By Staff reporter | Published: 22 May 2025

TELECOMS & TECHNOLOGY

Zimbabwe telecom companies hike tariffs

Zimbabwe's major telecommunications companies have announced long-anticipated increases in the prices of voice, data, and SMS bundles following regulatory approval by the Postal and Telecommunications...

By Staff reporter | Published: 21 May 2025

INDUSTRIALS & ENERGY

Zimbabwe, Belarus to set up bus assembly plant

Zimbabwe is set to become a regional hub for bus manufacturing following an agreement with Belarus to establish a bus assembly plant in the country, leveraging locally produced steel from the Dinson I...

By Staff reporter | Published: 21 May 2025

CONSTRUCTION & PROPERTY

Radisson comes to Zimbabwe

WestProp Holdings has commenced construction of a three-storey Radisson-branded aparthotel in Harare, marking a major step forward in the company's ambitious "billion brick" vision to reshape Zimbabwe...

By Staff reporter | Published: 21 May 2025

FINANCIAL SERVICES

Stanbic extends digital payments offering

Stanbic Bank Zimbabwe has announced the full digitization of its international payments facility, extending the service to all client categories in a major step toward enhancing convenience, accessibi...

By Staff reporter | Published: 21 May 2025

MINING & RETAIL

Caledonia injects US$23.7m into fiscus in 2024

Listed gold producer Caledonia Mining Corporation has reaffirmed its pivotal role in Zimbabwe's economic development, contributing US$23.745 million to the Government in 2024, excluding royalty paymen...

By Staff reporter | Published: 21 May 2025

INDUSTRIALS & ENERGY

Simbisa targets accelerated network expansion

Zimbabwe's leading quick-service restaurant group, Simbisa Brands, is ramping up its expansion and customer experience initiatives in the final stretch of its financial year ending June 30, 2025, with...

By Staff reporter | Published: 21 May 2025

LANDS & AGRICULTURE

Tobacco season generates US$678 million

Zimbabwe's tobacco industry has generated US$678,3 million since the beginning of the 2025 marketing season on March 5, following the sale of 220,6 million kilogrammes of flue-cured tobacco through bo...

By Staff reporter | Published: 21 May 2025

LANDS & AGRICULTURE

Midlands sets target of 12 000 hectares of wheat

Farmers in Midlands have made impressive progress in the 2025 winter wheat planting season, with over 1,000 hectares already planted and 824 hectares having germinated. This early momentum signals a p...

By Staff reporter | Published: 20 May 2025

LANDS & AGRICULTURE

Zimbabwe turns to cotton GMOs to reboot sector

Zimbabwe has embarked on a strategic initiative to assess the performance of genetically modified (GM) cotton varieties as part of efforts to revitalise its vital cotton industry  -  a corne...

By Staff reporter | Published: 20 May 2025

TELECOMS & TECHNOLOGY

Econet to hike bundle prices on Wednesday

Leading telecommunications provider Econet Wireless Zimbabwe has announced a scheduled revision of its Voice, Data and SMS bundle prices, set to take effect on Wednesday, 21 May 2025.In a public notic...

By Staff reporter | Published: 20 May 2025

INDUSTRIALS & ENERGY

Zimbabwe set for 300MW coal power plant boost

Zimbabwe's push to strengthen its energy infrastructure has received a significant boost, with independent power producer Huoyuntong Investments (Private) Limited applying to establish a 300-megawatt ...

By Staff reporter | Published: 20 May 2025

INDUSTRIALS & ENERGY

Turnall resizes operations

Turnall Holdings Limited (Turnall) has announced a strategic downsizing of its operations in a move aimed at cutting costs, improving profitability, and enhancing cash flow generation amid a tough ope...

By Staff reporter | Published: 20 May 2025

CONSTRUCTION & PROPERTY

US$43 million Victoria Falls project takes shape

ZIMRE Holdings Limited (ZHL), through its Eagle Real Estate Investment Trust (REIT), has commenced construction of the much-anticipated US$43 million Eagle Heights Mixed-Use Development in Victoria Fa...

By Staff reporter | Published: 20 May 2025

LANDS & AGRICULTURE

China leads in Zimbabwe tobacco imports

CHINA has emerged as the leading importer of Zimbabwean tobacco leaf this marketing season, accounting for 38.8 percent of total exports since sales began in March, data from the Tobacco Industry and ...

By Staff reporter | Published: 19 May 2025

FINANCIAL SERVICES

NMBZ finalises US$70m external credit lines

Zimbabwe Stock Exchange-listed financial services group NMBZ Holdings is on the verge of securing external lines of credit worth over US$70 million, as part of its broader strategy to unlock US$100 mi...

By Staff reporter | Published: 19 May 2025

INDUSTRIALS & ENERGY

Zimbabwe steel sector poised for rebound

Zimbabwe's steel industry is poised for a major revival following the Government's recent introduction of import licensing requirements for specific steel products. Industry stakeholders have welcomed...

By Staff reporter | Published: 18 May 2025

MINING & RETAIL

Zimbabwe mining industry to grow by 7% in 2025

Zimbabwe's mining industry is projected to grow by more than 7 percent in 2025, spurred by stellar performances in gold and coal production, according to the Chamber of Mines of Zimbabwe (CoMZ).Latest...

By Staff reporter | Published: 18 May 2025

MINING & RETAIL

Redwing investor seals US merger

American special purpose acquisition company (SPAC) Hennessy Capital Investment Corp. VI (HCVI) has secured shareholder approval to merge with Namib Minerals, a mining firm with key gold assets in Zim...

By Staff reporter | Published: 17 May 2025

INDUSTRIALS & ENERGY

Delta highlights Zimbabwe's economic

Delta Corporation, Zimbabwe's leading brewer and soft drinks manufacturer, has painted a stark picture of the nation's economy, highlighting its persistent fragility despite signs of resilience in con...

By Staff reporter | Published: 16 May 2025

MINING & RETAIL

Zimbabwe govt moves to clear mining licences backlog

The Government is set to lift the suspension on the issuance of mining licences across Zimbabwe, Mines and Mining Development Deputy Minister Engineer Polite Kambamura announced in the National Assemb...

By Staff reporter | Published: 16 May 2025
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