CABINET has approved Zimbabwe’s National Formalisation Strategy, a policy aimed at integrating small businesses in the informal sector into the mainstream economy. Small and medium enterprises (SMEs) continue to operate outside the formal system, largely due to barriers such as high licensing fees and taxes associated with compliance. In a post-Cabinet media briefing, Minister of…
THE National Building Society (NBS) recorded a 44 percent surge in core capital to US$57 million for the year ended December 31, 2025, driven by retained earnings and a capital injection from its shareholder, the National Social Security Authority (Nssa). The core capital position remains well above the Reserve Bank of Zimbabwe’s regulatory minimum of…
By Simbarashe Hamudi THE Zimbabwe Revenue Authority (Zimra) has intensified its focus on trusts, issuing a strong reminder to trustees across the country to regularise their tax affairs before the end of April 2026. In Public Notice 19 of 2026, issued on March 30, 2026, the tax authority called on all trusts to comply fully…
A STABLE macroeconomic environment has seen banks posting improved earnings quality, although recent fee cuts have the potential to trigger a market-wide revenue slowdown, latest banks financial results show. Core revenue in the form of funded and fees and commissions income drove profitability. This marked a notable shift from previous years, where unrealised exchange gains,…
CABS is ramping up support for Zimbabwe’s productive sectors through expanded credit lines and targeted funding schemes, as it aligns with government efforts to improve access to capital. In 2025, the bank secured lines of credit from developmental partners, closing the period with a total facility limit of US$162,7 million. In a statement accompanying financial…
TOBACCO sales volumes have increased significantly this season, with 77 million kilogrammes (kgs) sold as of this Tuesday, up 85 percent from 41,61 million kgs recorded during the same period last year. According to the latest figures from the Tobacco Industry and Marketing Board, tobacco has generated US$213,2 million in gross earnings so far, a…
THE government will introduce lithium concentrate export quotas and a mandatory declaration policy to curb under-reporting and ensure the full accounting for export proceeds. This is part of the Ministry of Mines’ mandatory conditions that mining companies must meet for the government to lift the current ban on lithium concentrate exports. In a letter addressed…
AFRICAN Century Limited (ACL) reported an 83 percent surge in deposits to ZiG221,1 million for the year ended December 31, 2025, up from ZiG120,5 million the previous year, attributed to a growing customer base and a strategic shift to digital services. The financial institution said the growth in deposits and income streams was supported by…
TREASURY says it paid US$22,7 million toward external service obligations during the fourth quarter of 2025 as it intensifies its debt-clearing efforts. According to the latest treasury bulletin, the external payments, which include the servicing of liabilities assumed by the treasury from the Reserve Bank of Zimbabwe (RBZ), began with a US$10,85 million disbursement in…
TN CYBERTECH Investments Holdings (TN CyberTech) recorded a 332 percent surge in cash withdrawal income in the 10 months to December 31, 2025, driven by continued innovation and expansion of its ATM network. The strong performance comes as the bank accelerates the rollout of its smart ATM infrastructure as part of a broader strategy to…
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