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…
THE government and Invictus Energy, through its local operating entity, GEO Associates, have signed a Petroleum Product Sharing Agreement, establishing a regulatory framework for the Cabora Bassa oil and gas project. Speaking at the signing ceremony, Finance minister Mthuli Ncube said the agreement was a major milestone in Zimbabwe’s economic transformation agenda and a strong…
ZIMBABWE’S prospects in the Chinese market are improving under a new zero-tariff regime, but attention is now shifting from access to execution, with officials warning that capacity, infrastructure and standards will determine the outcome. China’s longstanding zero-tariff policy for African nations is poised to strengthen economic collaboration, increase trade and support shared development. This move…
MINERS have welcomed the government’s ban on foreign participation in low-scale gold operations, saying the move will protect local jobs, reduce sector conflicts and reserve mining opportunities for indigenous communities. The policy directive ring-fences any mining operation producing less than 20 kilogrammes of gold per month or carrying a capital investment under US$15 million, exclusively…
TN CYBERTECH Investments Holdings is accelerating its digital banking expansion through new technology platforms and partnerships as it targets greater financial inclusion and improved customer access. The local financial sector is undergoing a massive digital transformation aimed at meeting rising demand for technology-driven financial services and widening access to banking solutions across underserved communities. In…
ANALYSTS have raised doubts over the government’s newly approved Integrated Provincial Special Economic Zones (IP-SEZs), warning the model could distort competition and repeat shortcomings that undermined previous SEZ programmes. This comes as the cabinet this week approved the framework for the establishment of IP-SEZ under the Zimbabwe Investment and Development Agency Act with a view…
INNSCOR Africa (Innscor) has embarked on a four-year phased upgrade of its Colcom Foods processing plant as it races to match rising demand for both its fresh and processed pork offerings. The group has been steadily modernising its wholly owned Colcom division, which comprises two operating units, Colcom Foods and Triple C Pigs. In a…
IMPROVED tenant collections and rising rental income lifted First Mutual Properties (FMP)’s net property income by 30 percent year-on-year during the first quarter ended March 31, 2026, despite headwinds in the property market. The property firm, a subsidiary of First Mutual Holdings, saw its net property income increasing to US$1,34 million from US$1,03 million in…
ZIMBABWE’S recent inflation performance offers something this economy has too often lacked, evidence that disciplined policymaking can still deliver stability, even in the face of external turbulence. As fresh price pressures swept through…
SOUTH AFRICAN retailer Pick n Pay says continued losses at its Zimbabwean associate, TM Supermarkets, remained a drag on group earnings during the year ended March 1, 2026, despite the reduction in the prior year’s deficit. In its full-year financial results statement, Pick n Pay said its 49 percent investment in TM Supermarkets has remained…
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