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…
TN CYBERTECH Investments Holdings is accelerating its digital banking expansion through new technology platforms and partnerships as it targets greater financial inclusion and improved customer access. The local financial sector is undergoing a massive digital transformation aimed at meeting rising demand for technology-driven financial services and widening access to banking solutions across underserved communities. In…
ANALYSTS have raised doubts over the government’s newly approved Integrated Provincial Special Economic Zones (IP-SEZs), warning the model could distort competition and repeat shortcomings that undermined previous SEZ programmes. This comes as the cabinet this week approved the framework for the establishment of IP-SEZ under the Zimbabwe Investment and Development Agency Act with a view…
INNSCOR Africa (Innscor) has embarked on a four-year phased upgrade of its Colcom Foods processing plant as it races to match rising demand for both its fresh and processed pork offerings. The group has been steadily modernising its wholly owned Colcom division, which comprises two operating units, Colcom Foods and Triple C Pigs. In a…
IMPROVED tenant collections and rising rental income lifted First Mutual Properties (FMP)’s net property income by 30 percent year-on-year during the first quarter ended March 31, 2026, despite headwinds in the property market. The property firm, a subsidiary of First Mutual Holdings, saw its net property income increasing to US$1,34 million from US$1,03 million in…
ZIMBABWE’S recent inflation performance offers something this economy has too often lacked, evidence that disciplined policymaking can still deliver stability, even in the face of external turbulence. As fresh price pressures swept through…
SOUTH AFRICAN retailer Pick n Pay says continued losses at its Zimbabwean associate, TM Supermarkets, remained a drag on group earnings during the year ended March 1, 2026, despite the reduction in the prior year’s deficit. In its full-year financial results statement, Pick n Pay said its 49 percent investment in TM Supermarkets has remained…
ZIMRE Holdings (Zimre) recorded a 41 percent increase in total income for the quarter ended March 31, 2026, driven by strong insurance revenue growth and positive investment income from fair value gains on financial assets. The group’s total income rose to US$29,67 million from US$20,97 million recorded in the comparable period last year, reflecting improved…
ZIMPLOW Holdings (Zimplow) returned to profitability in the first quarter ended March 31, 2026, as structural reforms, stronger agricultural activity and improved after-sales revenues boosted performance across its business units. The group recorded a profit of US$114 921 during the quarter under review, compared to a loss of US$596,424 in the same period last year,…
THE Tobacco Industry and Marketing Board (TIMB) reports that tobacco sales have reached US$696 million from 275 million kilogrammes sold during the current marketing season. In an update, the TIMB noted that the tobacco marketing season had reached its peak, with farmers beginning to calculate their earnings and prepare for the next production cycle. The…
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