TREASURY made payments of US$176,28 million for external debt service during the period from January to June 2025, official figures show.The payments include US$93,72 million towards the active portfolio, US$79,75 million for legacy debts and US$2,81 million in token payments to the International Financial Institutions and the 16 Paris Club Bilateral Creditors.Minister of Finance Mthuli…
THE Horticulture Development Council (HDC) has raised alarm over rising production costs, which are pushing some farmers to relocate to neighbouring Zambia, where production is significantly cheaper. This comes amid calls for major policy interventions such as access to affordable inputs and farmer education, which are critical in keeping horticulture viable within the country’s borders.…
THE country’s leading telecommunications and technology company, Econet Wireless Zimbabwe, has announced that it will soon introduce new data packages to enhance its current SmartBiz offering, following feedback from customers. In a statement yesterday, the company acknowledged concerns raised by subscribers over the implementation of the Fair Usage Policy (FUP) on its SmartBiz data plans,…
ZIMBABWEAN food excellence is making headlines, with two local brands securinghonours at the prestigious 2025 Aurora International Taste Challenge, held in South Africa. This year’s event – the seventh edition…
TREASURY secretary George Guvamatanga says government has not refused to pay exporters their local currency component under the export retention scheme, insisting the current arrangement was agreed upon with exporters, particularly miners who initially had no use for ZiG This comes amid growing complaints from exporters over delayed settlements of the 30 percent portion of…
THE Reserve Bank of Zimbabwe (RBZ) has issued a stern warning to businesses and service providers who are rejecting the Zimbabwe Gold (ZiG) in favour of the US dollar. In his mid-term monetary policy update, RBZ governor John Mushayavanhu expressed deep concern over widespread non-compliance in the financial and retail sectors. “Stakeholders raised concerns over…
THE country’s platinum miners are owed millions of dollars in unpaid exports income under the government’s foreign currency retention rules, the mining chamber has said, hurting operations in a sector…
ZIMBABWE Stock Exchange (ZSE) heavyweights Econet Wireless Zimbabwe (Econet) and Delta Corporation (Delta) maintained market dominance in the first half of the year, pulling a combined 75,6 percent of the total ZiG2,35 billion turnover.Investment analysts FBC Securities, in their latest half year economic report, said Delta contributed 40,1 percent to market turnover in the first…
FINANCE minister Mthuli Ncube’s 2025 mid-term budget review that he presented last week has received mixed responses from economic experts.Speaking to The Financial Gazette — the country’s number one business publication and prime voice for commerce and industry — some of the experts were concerned this week that the budget review lacked concrete plans to…
MTHE People’s Own Savings Bank (POSB) is targeting to raise up to US$20 million in credit lines this year towards the support of critical sectors of the economy.In an interview with The Financial Gazette on the sidelines of an annual general meeting last week, POSB chief executive, Garainashe Changunda, said the bank wants to build…
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