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…
GODFREY NYONI ZIMBABWE’S economy is becoming increasingly digital. Businesses, schools, banks, government institutions, and entrepreneurs are moving online faster than ever before. More organisations are now depending on digital systems…
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,…
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…
Jackson T. Mashinge FOR years, the accounting profession has lived under the shadow of a technological prophecy: automation would eventually wipe out the bean counters. The image was always the…
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…
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…
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