THE government has announced a cross-cutting review of the fees and levies in the transport sector, fulfilling its promise made during the mid-term budget statement in August to ease the cost of doing business.Speaking during Tuesday’s post-cabinet press briefing, Information Minister Jenfan Muswere said this in tandem with a cabinet decision of July 29, 2025…
THE relatively stable US dollar inflation trend against rising ZiG prices poses potential threats to the government’s de-dollarisation agenda under a local currency-backed mono-currency system, industry has warned.The slower inflation rate in USD terms could suggest the domestic market’s preference of the greenback over the local currency.Latest figures from the Zimbabwe National Statistics Agency (Zimstat)…
African Century grew its loan portfolio by 36 percent on a year-on-year basis during the six months ended June 30, 2025 reaching ZiG286 million supported by a solid asset base and an improved economic environment.The deposit-taking microfinance institution has been steadily building its capital base to increase resilience in a tight liquidity market.In its half…
INTERNATIONAL and African buyers say Zimbabwe’s tourism sector holds significant potential for growth, though they note that much work still needs to be done to improve infrastructure and increase awareness.The country’s tourism sector is growing, thanks to an increase in visitors, and a heritage-based strategy that promotes its rich culture, diverse wildlife, and stunning landscapes.Buyers…
EMPOWER Bank is betting on new customer acquisitions across the retail and SME banking segments to boost deposits and ultimately grow its balance sheet.The youth-focused micro-bank opened 5 633 accounts during the first half of the year and disbursed 122 loans.“We will focus on growing our customer base through acquisition of new customers as well…
NEDBANK Zimbabwe assets grew 20 percent year-on-year to ZiG6,2 billion during the six months to June 30, 2025 supported by strong customer deposits.Deposits increased 27 percent to ZiG4,1 billion which was used to fund loans and advances which grew 23 percent.“The bank invested excess liquidity in local and foreign placements and treasury bills, boosting net…
BY EDDIE CROSS OUR national health budget is about US$800 million. That is just US$50 per capita. Not a lot of money to provide health care to 16 million people. Eighty percent of this goes into the maintenance and operation of about 100 major hospitals and 1 600 health clinics. Very little remains for public…
THE air in Harare is thick with a familiar mixture of hope and scepticism following the recent visit of a Qatari Sheikh.Promises of multi-billion-dollar investments, from energy to agriculture, have been made, sparking a frenzy of speculation about a new era of economic growth.Yet, for many, the grand declarations feel like a rerun of a…
By Bothwell P Nyajeka LAST week I was in Bulawayo for the Public Sector Accountants Convention organised by the Institute of Chartered Accountants of Zimbabwe. This annual event brings together finance directors and accountants from government, local authorities, and state-owned enterprises to share insights, network, and seek solutions to challenges in the public sector.This year’s…
CALEDONIA Mining Corporation (Caledonia)’s revenue for the year is projected at around US$255,4 million, on the back of sustained gold price rally, equities analysts IH Securities (IH) has said.IH projects gold price to average US$3,169 per ounce (oz) for the rest of 2025.Gold prices demonstrated upward momentum, with the half-year average rising 40 percent to…
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