Zimra invests in tech upgrades

THE Zimbabwe Revenue Au­thority (Zimra) invested ZiG281 million in information technolo­gy systems in 2025 to strengthen tax collection, widen compliance and im­prove services for taxpayers. The investment funded the rollout of the Fiscalisation Data Management System, the Tax and Revenue Man­agement System, Governance Risk Compliance software, COBIT frame­works and network infrastructure up­grades. According to the…

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Government ramps up SIRDC funding

Group Features Editor GOVERNMENT funding for the Scien­tific and Industrial Research and Develop­ment Centre (SIRDC) rose by 25 percent to ZiG187,1 million in 2025 from ZiG147,9 million the previous year, as it stepped up its innovation and industrialisation agenda. The increased funding enabled the in­stitution to invest in national priority areas, including vaccine development, artificial…

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Summit to focus on green infrastructure financing

A REGIONAL conference on sus­tainable infrastructure will bring together government officials, in­vestors, financiers and industry leaders in Victoria Falls next week as Southern Afri­can countries seek to attract more invest­ment into climate-resilient projects. The Southern Africa Eco-Infrastructure Summit, scheduled for July 15 to 17, will examine how governments, developers and financial institutions can work together…

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Cement existing policies, Government told

FINANCE minister Mthuli Ncube’s upcoming mid-term budget review should prioritise the implementation of current policies rather than the introduc­tion of new frameworks, experts say. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts underlined this week that em­phasising the execution of existing…

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Etihad, Fastjet sign interline MoU

ETIHAD Airways has signed an interline Memorandum of Understanding with Fastjet Zimbabwe, a move that will strengthen domestic and inter­national travel connectivity. An interline agreement al­lows passengers to book jour­neys involving multiple airlines on a single ticket. Travellers can also check their baggage through to their final destination and receive boarding passes for all connect­ing…

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Insurers’ profits soar as policyholders dwindle

ZIMBABWE’S insurance in­dustry is posting stronger profits, growing asset bases and healthier balance sheets, even as fewer people are taking out, or keeping, insurance policies, latest reports show. This comes as the industry has long struggled to win public con­fidence, with memories of hyper­inflation-era losses, policy lapses and concerns over claim settlements continuing to discourage…

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Industry nears total dollarisation

WHILE policymakers continue efforts to strengthen the ZiG, Zimbabwe’s insurance industry is operating almost entirely in US dollars, according to latest reports. Across life assurance, fu­neral assurance and short-term insurance, the US dollar has be­come the preferred currency for premiums, commissions and risk cover, making insurance one of the country’s most dolla­rised industries. In short-term…

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IMF backs Zimbabwe reform progress

ZIMBABWE has reached a staff-level agree­ment with the International Monetary Fund (IMF) on the first review of its 10-month Staff-Monitored Programme (SMP) after meeting nearly all reform targets through March 2026. The agreement, announced by the IMF this Tues­day following a mission to Harare last month, marks a significant milestone in the country’s efforts to…

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Horticulture sector faces cost headwinds

ESCALATING freight prices, expensive financ­ing and higher production costs are threatening to erode gains in the country’s horticulture in­dustry, the Horticultural Development Council (HDC) has said. The sector is entering the 2026 export season on a positive note after Zimbabwe completed the export protocols required to access the Chinese market for blueberries, opening one of…

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Gold deliveries spike in June

ZIMBABWE’s gold deliveries surged to their highest monthly level this year in June, driven by record output from small-scale miners, strengthening prospects for export earnings and foreign currency inflows. Latest figures from Fidelity Gold Refin­ery, the country’ sole gold buyer, show that purchases climbed to 4,81 tonnes in June, up 21,7 percent from 3,95 tonnes…

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