ZIMBABWE’s foreign currency receipts increased by 26,8 percent to US$10,4 billion during the first eight months of 2025 from US$8,2 billion received in the same period in 2024, latest data shows.According to the Reserve Bank of Zimbabwe (RBZ), the increased foreign currency inflows were a direct result of the robust domestic economy, mainly driven by…
BY GODFREY NYONI IN today’s digital age, crime is no longer just about stolen wallets, house break-ins, or car theft. A new battlefield has opened up in cyberspace. In Zimbabwe, more and more people rely on online banking, mobile money platforms such as EcoCash and OneMoney, and internet-based services for their everyday activities.While this shift…
OK ZIMBABWE (OK Zim) is optimistic that strategies in place to rein in escalating costs will help stabilise operations and drive future growth.The retailer has already embarked on a restructuring exercise that has resulted in a leaner headcount and disposal of unprofitable assets.In addition, it is also betting on digitising its operations, including growing online…
By Bothwell P Nyajeka LAST week, my attention was drawn to an article in a local publications that sought to imply that the corporate boardroom space in Zimbabwe, normally meant for strategy and accountability, had become a theatre for loyalty and mediocrity.Even more critically, the article deplored how a selection process that should be based…
TRANSPORT and logistics firm, Unifreight Africa (Unifreight), has embarked on a strategic fleet expansion programme targeting increased demand capacity for the upcoming 2026 tobacco season. The group, whose flagship brand is Swift Transport, has extensive exposure to the tobacco sector. Last year, it announced that it handled over 20 percent of the total national tobacco…
THE recently installed Hot Gas Generator at the Selous Metallurgical Complex (SMC) has doubled Zimplats Holdings (Zimplats) coal usage, hindering the company’s targets to reduce fossil-fuel consumption across its operations.The hot gas generator is a coal-fired fluidised-bed unit used to supply hot air to a flash dryer. This critical piece of equipment is part of…
INNBUCKS reported a 327 percent year-on-year growth in loans and advances, reaching ZiG1,459 billion during the year ended June 30, 2025 supported by robust deposits.Deposits reached ZiG1 billion, up 693 percent year-on-year driven by business banking customers. Net interest income from lending activities reached ZiG108,7 million driven by growth in loan book and investment in…
SUGARCANE producer Hippo Valley Estates (Hippo Valley) has this year injected US$11 million in a massive retooling project expected to be completed next year.In an interview with The Financial Gazette last week, Hippo Valley chief executive Tendai Masawi said the company plans to replace its entire outdated machinery with newer equipment to boost efficiency.“The efficiencies…
THE Cabinet has approved the principles for the Zimbabwe Border Management Authority Bill, a critical legislative step aimed at overhauling and centralising the nation’s border control operations.The move, presented by Information minister Jenfan Muswere at a post-Cabinet media briefing in Harare, seeks to create a dedicated management authority for “effective coordination, rationalisation and integration of…
PADENGA Holdings (Padenga) netted US$130,68 million in revenue during the half-year ended June 30, 2025, up 38 percent from the comparable period last year driven by firmer gold prices.The gold spot price closed the period at US$3,264 per ounce (oz), up from US$2,402/oz at the start of the year, representing a 36 percent increase.Global political…
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