FIDELITY Life Assurance of Zimbabwe’s insurance contract revenue declined four percent to US$8,3 million in the six months to June 30, 2026, from US$8,6 million a year earlier, amid slower-than-anticipated conversion of new business. Zimbabwe remained the group’s largest contributor, generating US$5,8 million or 71 percent of total revenue, while Malawi contributed US$2,4 million. Fidelity…
ZECO Holdings more than tripled revenue to ZiG6,28 million in the six months to June 30, 2026, from ZiG2,06 million in the comparative prior year period. The growth in revenue was driven by “increased business activity” across the group. However, cost of sales amounting to ZiG3,8 million wiped over half of total revenue compounded by…
Almot Maqolo AIR Zimbabwe is banking on aircraft and engine maintenance contracts as well as its Harare-London and planned Harare-Guangzhou routes to drive its turnaround, chief finance officer Tapiwa Zimbveka has said. The State-owned airline expects these ancillary services to contribute about a third of revenue to the company. In an interview on the sidelines…
AS ZIMBABWE prepares to host the landmark Common Market for Eastern and Southern Africa (Comesa) summit and assume its chairmanship this month, the nation faces a complex economic landscape. The country stands at a crucial crossroads, balancing regional trade integration and strategic growth opportunities against pressing domestic hurdles. These challenges include border porosity, currency dynamics,…
Almot Maqolo CBZ Bank has gone live on the Pan-African Payment and Settlement System (PAPSS), providing a payment channel that could support cross-border transactions under the newly established ATDC Zimbabwe trade venture. ATDC Zimbabwe is a joint venture between CBZ Holdings and ATDC Dubai, a subsidiary of the African Export-Import Bank (Afreximbank). PAPSS chief executive,…
THE United Nations Development Programme (UNDP) has urged Zimbabwe to put in place policies that encourage investments that deliver economic returns while generating social and environmental benefits. UNDP Resident Representative for Zimbabwe, Adeyele Odusola, said the country should move beyond conventional investment models and focus on impact investments capable of accelerating sustainable development across multiple…
DELTA Corporation has urged Parliament to support a statutory dual-currency VAT framework, recalibrate the sugar surtax and simplify compliance requirements, arguing that predictable tax rules are critical to sustaining investment…
Almot Maqolo and Mishma Chakanyuka ZIMBABWE’s current macroeconomic stability is expected to hold through the end of the 4th Quarter, weathering both external shocks and the impending Super El Niño. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — experts said this week that…
GRAND Railway Solutions (GRS), a unit of Dinson Iron and Steel Company (Disco), is set to fund about 60 percent of a US$125 million Manhize-Mvuma railway project, while five local banks and the African Finance Corporation (AFC) have expressed interest in financing the remainder. GRS, working with Disco, will construct a 50-kilometre railway line linking…
THE International Labour Organisation (ILO) has called for an enabling environment that allows enterprises and workers to benefit from the transition to formalisation. Zimbabwe’s formalisation programme seeks to integrate the country’s large informal sector, which accounts for more than 76 percent of economic activity, into the regulated economy. Speaking at the recent Employers’ Confederation of…
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