Improved prudence buoys up economy

EXPERTS remain cautiously optimistic about Zimbabwe’s medium-term economic prospects despite the structural bottlenecks and external headwinds that threaten to retard progress. This comes as the bullish outlook is underpinned by improving fiscal prudence and discipline that has seen the country registering single-digit inflation, a relatively stable exchange rate and rising foreign currency reserves. As a…

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Expo targets industrial transformation

THE Ministry of Industry and Commerce has partnered with Africa Economic Development Strategies (AEDS) to host the inaugural Zimbabwe Industrialisation Conference and Expo in Bulawayo, aimed at advancing the country’s industrial transformation agenda. The high-level event is scheduled to take place from July 23 to 24, 2026, at the Zimbabwe International Trade Fair grounds. AEDS…

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CBZ flags earnings risk from fee cuts

CBZ Holdings (CBZ) says measures by the Reserve Bank of Zimbabwe to slash bank charges could weigh on sector earnings this year de­spite boosting financial inclusion and formal banking activity. The central bank, in its 2026 monetary policy statement an­nounced in February this year, slashed bank charges, setting a two percent ceiling on cash with­drawal…

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PLZ invests in local community

PROSPECT Lithium Zimbabwe (PLZ) is strengthening its investment in community development as part of a broader strategy to drive long-term business growth and deliver last­ing social impact. Speaking during Africa Day commemorations held in Goro­monzi, the company’s public relations manager, Patience Chizodza, highlighted the strong relationship between PLZ and the local community. “As a company,…

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Fidelity profit doubles on expansion

FIDELITY Life Assurance’s profit for the three months to March 31, 2026, reached US$2,95 million from US$1,38 million in the comparable period last year, driven by higher insurance contract revenue, investment income and improved cost management. Insurance contract revenue in the Life and Pensions business rose 15 percent to US$3,87 million, while funeral services revenue…

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Zeco occupancy rate improves

ZECO Holdings says improved marketing strategies lifted oc­cupancy rates at its shop spaces during the first quarter ended March 31, 2026, despite softer revenue performance and rising operating costs. The group’s occupancy rate rose to 55,88 percent for the quarter from 46,67 percent in the comparable period last year, helping cushion pressure from subdued trading…

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FML profit surges on equities rebound

FIRST Mutual Holdings (FML) has recorded robust invest­ment returns from the local equities market during the first quar­ter ended March 31, 2026, buoyed by improved trading volumes and enhanced market liquidity. This was able to propel the group’s profit before tax to US$5,6 million, more than double the US$2,3 million achieved in the same period…

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