CONFIRMED gas and condensate deposits in Muzarabani with potential to produce significant electrical energy combined with rare earth elements dotted across the country, put Zimbabwe in an ideal position to kick-start its artificial intelligence (AI) revolution, experts have said.Rare earths and related materials are used in AI chips for their magnetic, thermal, and optical properties,…
ECONOMIC experts have welcomed the latest signal from Washington that American companies are keen to return to the country in numbers.This comes after the US embassy in Harare said on social media this week that American businesses were “excited” to partner with Zimbabwean companies.In this regard, the embassy added that it would readily support both…
INNSCOR Africa (Innscor) says it is now focusing on achieving optimal capacity utilisation and unlocking production efficiencies following the commissioning of several expansion projects.The diversified agro-industrial conglomerate breached the US$1 billion mark in revenue during the year ended June 30, 2025, thanks to approximately US$200 million in capital expenditures (capex) invested over the last three…
LISTED companies remain cautious about their outlook as high production costs, fragile growth, persistent power cuts, heavy taxation, growing informality and entrenched dollarisation continue to dampen optimism.Some firms are delaying major capital expenditure, while others are leveraging prior investments to boost profits and expand in line with consumer demand. The prevailing uncertainty has forced many…
THE Zimbabwe National Statistics Agency (Zimstat) has reported a sharp rise in gold output, with the production index for the second quarter of 2025 climbing to 179,5 from 128,9 in the first quarter.Total production reached 12 501kgs during the review period, up from 8 230kgs in the same quarter last year.“The year-on-year comparison shows an…
CBZ Holdings (CBZ) is targeting to grow its lines of credit from US$200 million to at least half a billion United States dollars through support from pan-African trade financier Afreximbank, with resources aimed at meeting domestic demand.The country’s largest financial institution by assets already has credit lines amounting to US$200 million and recently disclosed a…
AXIA Corporation (Axia) plans to expand its branch network across the country to improve customer reach while utilising substantial free cash generated from operations.In its financial year ended June 30, 2025, the group managed to sustain a positive cash generative operation resulting in limited borrowing for expansion projects. Accordingly, borrowings reduced by US$4,470 million.Axia’s main…
NATIONAL Tyre Services (NTS) says its growth plans are underpinned by the success of the government’s efforts to curb smuggling of cheaper tyre brands and streamlining regulatory processes to boost competitiveness of local firms.The group’s operations have been adversely impacted by the rapid growth of the informal sector eating into its market share.However, recent interventions…
South Africa and Nigeria are poised to exit a global financial watchdog’s “grey list” as soon as next month, marking a change in fortune for two of the continent’s biggest economies. The two nations were put under heightened scrutiny by the Financial Action Task Force in February 2023 for shortcomings in tackling illicit financial flows.…
ZIMBABWE’s milk output rose by four percent in the first eight months of 2025, with August recording the highest monthly production to date at 10,56 million litres, according to the Dairy Services Department.Cumulative production for the period reached 78,33 million litres, up from 75,25 million litres a year earlier.The Zimbabwe Association of Dairy Farmers (ZADF)…
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