NMBZ Holdings says it is facing sustained pressure on lending margins as borrowers push for cheaper loans, forcing pricing adjustments. This comes as the financier has secured more than US$185 million in credit lines and is finalising an additional US$70 million, which is expected to further support lending growth. NMBZ chief executive Gerald Gore told…
Vince Musewe SPECIAL Economic Zones (SEZs) have been gaining increasing attention from policymakers in Africa as a means to attract private sector and foreign direct investments (FDI). However, for many…
KAVANGO Resources Plc says it has secured sufficient cash reserves and funding facilities to sustain exploration and operations for at least 12 months, as it accelerates project development. Late last year, the company received US$749 149 under tranche two of its share subscription with Comarton Pension Fund. While part of the funds was received before…
FOR a country in which the informal sector has become the primary source of livelihoods for millions, the government’s recent push to develop dedicated SME workspaces, industrial centres and funding mechanisms is both welcome and overdue. Zimbabwe’s long-marginalised small and medium enterprises sector is finally beginning to receive the kind of infrastructural attention that matches…
THE Zimbabwe Junior Chamber of Mines (ZJCM) has welcomed the country’s first export of lithium sulphate, saying the development sets a benchmark for mineral validation and beneficiation while boosting investor confidence. The development follows the shipment of the first consignment of lithium sulphate by Prospect Lithium Zimbabwe, a subsidiary of China’s Zhejiang Huayou Cobalt. The…
THE Cotton Company of Zimbabwe (Cottco) has officially entered voluntary corporate rescue proceedings, a move aimed at shielding the state-linked entity from total collapse. According to a “Notice to Affected Persons” dated April 30, the board of the company adopted a resolution on April 29 to place Cottco under supervision in terms of the Insolvency…
DIESEL consumption increased by 20 percent, while petrol consumption declined by six percent in the first quarter of 2026 amid rising pump prices owing to the Middle East crisis, according to data from the Zimbabwe Energy Regulatory Authority (Zera). This comes as the government has implemented deeper levy reductions on diesel than on petrol, while…
CAFCA is today set to commission its 1,2 MW rooftop solar plant in Harare, as it seeks to ensure a reliable power supply for its operations and reduce energy costs. The US$1 million investment is part of the company’s efforts to promote sustainable manufacturing and reduce reliance on the already overwhelmed national energy grid. This…
ZIMBABWE Energy Regulatory Authority (Zera) chief executive officer Edington Mazambani says the country is transitioning toward electricity self-sufficiency. Speaking to The Financial Gazette Deputy Editor Tendai Kamhungira on the widely…
AFRICAN Sun is postponing its multi-million dollar refurbishment and rebranding of the Elephant Hills Resort to ensure the country has sufficient hotel capacity for the 2027 ICC Cricket World Cup. The resort, a flagship property in Zimbabwe’s tourism capital, was originally slated to shut its doors in November 2026 for a massive 18-month overhaul. The…
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