WITH strife in the Middle East usually causing global oil prices to spike, experts fear that the worsening Israel-Iran war will further sap Zimbabwe’s ailing economy.When oil prices rise, the cost of production also goes up. This puts pressure on companies, with the ensuing costs eventually being passed on to already hard-up consumers, especially for…
VISION Group (Vision), the new owners of Tongaat Hulett (Tongaat) plans to embark on a substantial reinvestment programme aimed at stabilising operations and increasing production capacity in Zimbabwean assets, following a successful takeover.Vision, a consortium of businessmen, South African Robert Gumede, Zimbabwean Rutenhero Moyo and Pakistanis Amre Youness and Nauman Khan acquired lender’s claims in…
FARMERS are calling for greater security around the government’s new agricultural land title deeds.They see this as crucial for rebuilding trust after the chaos of the earlier phases of the land reform. The government plans to use the programme to facilitate agricultural financing, aligning with its push to treat farming as a business.Commercial Farmers Union…
EDGARS Stores (Edgars) has revealed plans to further invest in modernising equipment at its manufacturing facility, Carousel, aimed at enhancing production capacity and supply chain efficiency to support its expanding retail store network.The Victoria Falls Stock Exchange (VFEX)-listed clothing firm, which previously invested US$1 million in retooling the Bulawayo-based manufacturing unit last year, did not…
THE Reserve Bank of Zimbabwe (RBZ) has maintained its current monetary policy stance, keeping the bank policy rate at 35 percent.The RBZ’s Monetary Policy Committee also resolved to maintain the current statutory reserve requirements for savings and time deposits in ZiG for both local and foreign currency at 15 percent, and for demand and call…
VICTOR Farm (Victor), one of Zimbabwe’s leading dairy producers, is aiming for a 10 percent contribution to national milk production, officials say.This comes as the country’s dairy output has hit 38 million litres by April this year, and the George Guvamatanga-owned dairy project’s major customer Dairibord Zimbabwe Limited (DZL) says it is “quite happy with…
INDUSTRIAL supplies firm Proplastics says it is well positioned to meet an anticipated increase in demand for its products, driven by improved market liquidity conditions expected in the second half of the year.The company has recently experienced fluctuating demand, influenced by several factors including infrastructure developments, irrigation schemes, and negative macroeconomic conditions.“Regarding us being able…
THE Reserve Bank of Zimbabwe (RBZ) has re-calibrated the tenors and redeemability of its Non-Negotiable Certificates of Deposit (NNCDs) to enhance the effectiveness of its monetary policy in liquidity management.Effective last month, 2025, the central bank said it has discontinued shorter maturity buckets and imposed stricter conditions for early termination.“Effective May 27, 2025, maturity buckets…
By Shephard Kembo IN the dusty streets of Mbare, the vibrant townships of Soweto, the bustling alleys of Lagos, and the underserved communities across the Global South, something powerful is stirring — a quiet revolution of resilience, innovation, and economic survival. It is the rise of the informal entrepreneur: the street vendor, the backyard mechanic,…
THE Reserve Bank of Zimbabwe (RBZ) says ZiG392 million has been disbursed under the Targeted Finance Facility (TFF) as of June 13, 2025, providing essential support to the country’s productive sectors.The TFF was introduced by the Reserve Bank in January 2025, to enhance banks’ support to productive sectors.The facility was tailor-made to provide funding to…
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