THE key partnership between Zimbabwe’s number one business publication, The Financial Gazette, and China’s top English newspaper, China Daily, was officially launched in Harare yesterday.The collaboration resulted in the subscribers…
By Shephard Kembo FOR far too long, the African business landscape, particularly in Zimbabwe, has been characterised by a culture of “dealing” for short term gain rather than building sustainable businesses. From street corners to boardrooms, the obsession with quick profits, arbitrage, and transactional hustle has overwhelmed the deeper pursuit of sustainable enterprise development. While…
THE International Monetary Fund (IMF) says it has made “good progress” with authorities in Zimbabwe on economic reforms under a potential Staff Monitored Programme (SMP).Speaking to journalists after paying a courtesy call on President Emmerson Mnangagwa in Harare, IMF mission chief, Wojciech Maliszewski, confirmed that negotiations on an SMP are advancing on policy measures critical…
GOVERNMENT says it will ban the export of lithium concentrate by January 2027. Addressing a post-Cabinet press briefing in Harare yesterday, the minister of Information, Jenfan Muswere, said the country’s lithium ore bodies were multi-element containing a number of minerals. “Pertaining to the lithium sub-sector, Zimbabwe produces mainly mostly spodumene ores which are critical in…
BY EPHRAIM CHAWONEKA …role of local agencies in developing market AS Zimbabwe works to stabilise and grow its financial system, institutional investors have become increasingly important players in the country’s capital markets. These include pension funds, insurance companies, and development finance institutions, which together manage a significant portion of long-term domestic capital. Their participation is…
MASHONALAND Holdings (Mash Holdings)’s operating profit grew 35 percent year-on-year to US$1,04 million during the four months to April 30, 2025 driven by higher revenue from new properties and improved margins.As a result, group operating profit margin of 46 percent, improved from 36 percent the prior year, indicating not only higher revenue but improved operational…
STEWARD Bank is set to transition into a fully-fledged neobank, as part of an ongoing restructuring process that includes renaming it to TN CyberTech Bank Limited. EcoCash Holdings Zimbabwe (EcoCash), which now controls Steward Bank, announced plans to rebrand to TN CyberTech Investments Holdings Limited, subject to shareholder approval at an extraordinary general meeting slated…
ECONET Wireless Zimbabwe (Econet) is set to deepen its integration of artificial intelligence (AI) and accelerate digital transformation across its operations to enhance operational and cost efficiencies. The telecommunications company’s chairman James Myers said Econet is adopting AI into its processes to enhance operational efficiencies and drive cost productivity. “Looking ahead, leveraging innovation and deepening…
CONSOLIDATED packaging manufacturer Nampak Zimbabwe has reported a significant drop in key profit margins due to increased competition, which is eroding its market share. The informalisation of the retail sector and disruptions to the route-to-market also contributed to declining demand from some customer segments. In a statement accompanying the company’s financials for the first half,…
KAVANGO Resources is expanding gold production in Zimbabwe, targeting 300 tonnes, with a cash-flow-funded strategy to build a 10-million-ounce gold camp. Operating through its Zimbabwean subsidiary, Kavango Zimbabwe, established in July 2023, the company is targeting several historic high-grade gold mines in the Matabeleland region. It focuses on economic bulk mining. Chief executive Ben Turney…
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