SUCCESSBANK’s profit after tax reached ZiG41, 99 million in the six months to June 30, 2026, up 542 percent from ZiG6,54 million realised comparable period prior year supported by growth in core banking activities. The deposit-taking micro-lender also benefitted from a diversified revenue base. Fees and commissions income jumped 75 percent to ZiG55 million, providing…
Econet Wireless Zimbabwe – the country’s leading telecommunications and technology company – has been recognized as one of the country’s largest contributors to public revenue and honoured for its commitment…
Zimplats says it has made “significant” progress in resolving delayed payments from government, after reaching a deal to use part of the money owed to settle taxes and other obligations.…
ZIMBABWE’S tight ZiG supply is constraining consumers’ purchasing power and reinforcing the US dollar dominance in transactions, research firm IH Securities says. While the central bank has brought inflation under control, its high interest rates and tight monetary policies have caused a severe cash shortage, suppressing local spending. IH Securities said that the central bank’s…
THE Association of Healthcare Funders of Zimbabwe (AHFoZ) has called for greater collaboration among healthcare funders, providers and regulators to address challenges affecting the sustainability and accessibility of medical aid in Zimbabwe. The call comes as the association began its four-day conference yesterday in Bulawayo. The event is being held under the theme: Mastering the…
THE Ministry of Agriculture is this month convening the National Agriculture Conference and Expo 2026 to unlock sector growth while tackling persistent operational hurdles. Hosted in collaboration with the Agricultural Marketing Authority and Africa Economic Development Strategies, the conference will develop a localisation strategy to eliminate agricultural imports by US$2 billion and establish the country…
ZIMBABWE’S fuel consumption rose 14,5 percent in the first half of 2026 led by diesel demand. The sustained increase in diesel consumption could point to greater utilisation of trucks, machinery and equipment in sectors such as mining, agriculture, construction and manufacturing. Combined sales of diesel and petrol reached 1,15 billion litres between January and June…
LISTED banks’ earnings were resilient during the first half of 2026 despite sweeping cuts in banking charges introduced earlier this year. Recently published half-year financial results suggest that earnings momentum has been driven primarily by higher transaction volumes, greater digital banking adoption and broader product offerings, defying earlier concerns that bank fee cuts could weigh…
ZIMBABWE’S goods trade surplus grew in July, according to figures released by the Zimbabwe National Statistics Agency (ZimStat). The agency reported a surplus of US$320,6 million for the month, up from US$239,1 million in June, a 34,1 percent month-on-month increase. The agency attributed the widening surplus to two simultaneous trends. Exports rose, while imports fell.…
FMB Capital Holdings (FMBCH) posted an 18 percent year-on-year growth in profit after tax (PAT) during the six months ended June 30, 2026, to US$86,3 million driven by growth in consumer lending across operating markets. The Mauritius-headquartered pan-African lender with a 52,49 percent controlling stake in Zimbabwe’s First Capital Bank also attributed the positive performance…
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