Ncube scraps proposed cash withdrawal levy

FINANCE Minister Mthuli Ncube has scrapped a proposed levy on cash withdrawals following concerns that the tax would undermine government efforts to promote formal banking and financial inclusion. The Treasury boss, who has a tough job managing the government’s stressed coffers, did not give in to the strong lobby for a reduction in the two…

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Innscor frets over proposed VAT hike

INNSCOR Africa (Innscor) says the 0,5 percent increase in value-added tax starting next month is inflationary and has the potential to hurt businesses by impacting consumer purchasing power. This comes as Finance minister Mthuli Ncube, in his 2026 national budget statement last month, proposed several tax changes aimed at boosting public coffers. The standard value…

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Innscor unit targets 75 percent national potato output

PHI/IL Integrated Agri (PHI), the agriculture division of Innscor Africa (Innscor) is rolling out a scientific based potato farming model bolstered by a guaranteed supply chain support to account for 75 percent of national production. The government declared potatoes as one of the strategic crops to enhance food security and nutrition at the household and national…

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Power output up 6 percent

ZIMBABWE’S electricity generation rose by six percent in the third quarter of 2025, driven by stronger output at the country’s main thermal plant and improved performance at hydro facilities, according to the latest data. The southern African nation recorded an improved power supply during the period, resulting in fewer hours of load-shedding.  In previous years,…

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NMB agrobond draws strong demand

NMB Bank (NMB) says its US$15 million agrobond is attracting firm demand from local farmers during the current summer cropping season and expects it to be fully disbursed by mid next month. The bank recently secured a five-year US$15 million agrobond, which was privately placed with a European fund, earmarked for supporting the agriculture sector.…

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‘2025 was both ‘fab’ and hard’

WHILE Zimbabwe’s economy grew markedly in 2025, deep structural issues remain a major concern, business leaders say. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — they added this week that authorities needed to do more going into 2026 to put the economy on…

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