ZB Financial Holdings (ZB) posted a 224 percent growth in profit after tax (PAT) of ZiG261,94 million during the first quarter to March 31, 2025 from a year earlier, driven by the impact of the cost containment measures and a ‘resilient’ balance sheet structure.The diversified group has banking, insurance and other strategic investment operations.Its continuous…
NMB Bank Zimbabwe Limited (NMB) is intensifying efforts to secure an additional US$150 million in offshore credit lines to expand its lending operations in support of productive sectors.This initiative forms part of the bank’s broader strategy to offer customised financing solutions for businesses, particularly exporters, as the nation continues to navigate complex economic challenges.NMB is…
By Ashly Kapumha THE global foreign exchange market is an over-the-counter marketplace that determines the exchange rate for currencies around the world. It is not an isolated trend, but a broader wave of financial innovation and global market participation. It is one of the largest virtual global financial markets representing a confluence of technological advancement…
PADENGA Holdings (Padenga) says it plans to right-size its agribusiness segment in accordance with global demand for crocodile skins, which has recorded a significant downturn.The group has mining operations and a Nile crocodile breeding business operating as Dallaglio Investments and Padenga Agribusiness, respectively.The crocodile business saw a year-on-year decline in sales volumes, with 46 560…
IN 2025, Zimbabwe stands at a digital crossroads. As the nation moves toward a more technology driven economy where mobile money, e-government platforms, digital education, and online business are becoming the norm so too does the need for robust cybersecurity policies. But the question remains: Is Zimbabwe truly ready for a national cybersecurity strategy? Can…
By Beaven Dhliwayo Group Features Editor Eazi-Apps, a global leader in mobile app and software development, has officially launched its operations in Zimbabwe, marking a major step forward for digital…
MASHONALAND Holdings (Mash Holdings) says development of its Greendale Cluster Housing Stands project is set to commence in the current quarter ending June 30, 2025 after securing all regulatory approvals.The property firm has already started preselling activities of stands as it also forges ahead with commercialization of its prior-period investments.The group’s property mix consists of…
By Collen Chirenda Businesses all over the world are preoccupied with a deep desire to grow their fortunes. Executives are driven by the need to outcompete rivals and expand their market share and territories. With this preoccupation, billions of dollars are spent every year in marketing campaigns by corporates to make their products household names.…
THE Ministry of Industry says the automotive industry is operating at below five percent capacity utilisation levels, weighed by heightened competition from imported used vehicles. Industry Minister Mangaliso Ndlovu said approximately US$664 million has been spent in 2023 on the importation of motor vehicles in Zimbabwe. “…the automotive industry…has faced several challenges which have resulted…
THE government is exploring strategies to broaden its tax base and enhance digital tax collection mechanisms in a bid to curb widespread tax evasion. Speaking at the National Assembly, Deputy Minister of Finance, Kudakwashe Mnangagwa, acknowledged the link between high tax burdens and non-compliance, underscoring the need for a balanced approach. “We do understand that…
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