Zimbabwe lags in value-addition

LOCAL companies are losing out on lucra­tive value-addition opportunities in the ex­tractive sector to foreign investors despite government efforts to promote indigenous partici­pation, the chief director in the ministry of…

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Red tape, stiff taxes suffocate business

THE triple whammy of excessive tax­es, high interest rates and burdensome regulations is choking the country’s formal sector. So warned worried corporate titans and other experts who spoke to The Financial Gazette — the country’s number one busi­ness publication and prime voice for indus­try and commerce — on the sidelines of the Zimbabwe National Chamber…

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Pension assets surge 10pct

ZIMBABWE’S pensions sector expanded its asset base by 10 percent during the first quarter of 2026, with total assets rising to US$3,41 billion from US$3,11 billion at the end of December 2025, latest Insurance and Pensions Commission data shows. The increase was driven mainly by fresh investments and positive fair value gains on investment property…

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IFRS 17 changes the conversation

THE Insurance and Pensions Commission (IPEC) says Zimbabwe’s insurers have made measurable progress in im­plementing IFRS 17 but warns that the industry’s biggest test is now producing financial statements that are consistent, comparable and tech­nically robust. The accounting standard, which fundamentally changed how insur­ers measure liabilities and recognise profits, has allowed companies to present a…

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Africa’s roads hold back trade

AS AFRICAN econ­omies expand and trade volumes in­crease, governments are under growing pressure to modernise ageing transport systems that have struggled to keep pace with demand. For landlocked countries in particular, efficient rail networks are seen as critical to lowering transport costs, easing pressure on roads and connecting mines, farms and industries to regional poTransport…

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Grain levy boosts irrigation development

Prisca Tshuma THE Agricultural Marketing Authority (AMA) says it has invested US$3,2 mil­lion and ZiG29 million from grain levy proceeds towards irrigation development and other initiatives aimed at boosting domestic ag­ricultural production. Recently, AMA spent US$300 000 in the Glen Somerset Irrigation Scheme to support wheat and maize production in Murehwa District. Speaking to The…

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