THE government says it will make provision in the 2027 national budget and subsequent budgets to fully activate Zimbabwe’s membership of the New Development Bank (NDB) of BRICS. This, the authorities say, is aimed at unlocking financing by meeting membership instalments as they fall due and aligning the payment schedule with the budget cycle. This…
RAINBOW Tourism Group (RTG) plans to add 209 rooms to its existing hotel portfolio over the next 12 months. This hotel expansion is anticipated to anchor its US$100 million revenue target by 2028. The hotelier has been improving efficiency across its seven Zimbabwean hotels, including its latest acquisition, Montclair Resort in Nyanga. The Financial Gazette’s…
Stanbic Bank Zimbabwe has signed a revolving one-year agreement with conservation organisation, Ele-Collection, which has a multi-pronged effect of creating jobs for underserved women while preserving the environment in the…
THE Agricultural and Rural Development Advisory Services (ARDAS) has called for wider adoption of climate-smart farming practices, including scaling up conservation farming, to help farmers withstand forecast El Niño-induced dry spells. The call comes as the Meteorological Services Department and agricultural authorities have warned of an 88 percent to 94 percent probability of an El…
TIGERE Real Estate Investment Trust (REIT) says blue-chip hardware tenants are increasingly occupying retail space, driven largely by their role in the country’s construction boom. Major real estate funds are actively targeting top-tier retail brands such as Electrosales and TM Pick n Pay as stable, long-term blue-chip anchor tenants for commercial hardware and retail properties.…
THE Furniture Industry Development Initiative of Zimbabwe (FIDI Zim) will host the inaugural Zimbabwe Furniture Conference and Expo (ZFCX) in Harare next month as part of efforts to promote investment, innovation and collaboration within the country’s furniture manufacturing sector. The one-day conference and exhibition is set for the Harare International Conference Centre (HICC) on September…
Prisca Tshuma and Mishma Chakanyuka ZIMBABWE must lift its domestic production and processing capabilities to optimise the country’s benefits from the duty-free trade arrangement with China, experts say. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts noted this week that Zimbabwe’s…
FINANCE minister Mthuli Ncube says the government is strengthening the strategic grain reserve to guard against a possible El Niño-induced food crisis. As of July 28, the Grain Marketing Board held about 239 000 tonnes of grain, but Ncube told the Daily News 2026 mid-term national budget business breakfast review last week that the government…
LITHIUM exports are expected to increase in the second half of 2026 as global demand for electric vehicles and energy storage systems support a recovery in the battery minerals market, the Minerals Marketing Corporation of Zimbabwe (MMCZ) has said. MMCZ monitors mineral exports to guard against leakages, transfer pricing and under-invoicing. The corporation said lithium…
INDUSTRY has been urged to prioritise sustainability reporting to improve credit ratings and attract investment for projects. This was said during the Institute of Sustainability in Africa’s Annual Sustainability Breakfast Meeting held in partnership with The Financial Gazette in Harare last week under the theme: From cost centre to value driver, Rethinking Sustainability. Speaking at…
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