ZIMBABWE’S healthcare system is already fragile, overstretched and underfunded. Public hospitals face chronic shortages, long waiting times and recurring industrial unrest. In that environment, any policy affecting healthcare financing should…
FIRST Capital Bank has finalised the disposal of its 50 percent stake in Makasa Sun, which owns the Makasa Sun Hotel, formerly Kingdom Hotel in Victoria Falls, to ASB Hospitality. Last year, the bank and its co-shareholder First Capital Bank Pension Fund, which each held a 50 percent stake, announced that they had agreed to…
ZIMBABWE’s trade deficit widened significantly in March 2026, surging by 59,3 percent to reach US$142,8 million as a sharp rise in imports offset steady gains in the country’s export sector. Data released by the Zimbabwe National Statistics Agency (ZimStat) reveals that while exports grew by 6,7 percent to US$932 million, the value of imported goods…
ON a busy weekday morning in the central business district, office workers scroll through their phones between meetings, while just a few kilometres away in Mbare, traders exchange cash rapidly…
VICTORIA Falls hotels recorded strong occupancy levels over the Easter holiday period, reflecting robust demand from both domestic and international travellers, an industry official said. The tourism industry in Zimbabwe has been growing steadily over the years, and efforts are being made to improve infrastructure and attract more visitors to boost hotel occupancy levels. Hospitality…
ZIMBABWE is emerging as a focal point in a US$3 billion energy programme funded by the African Export-Import Bank (Afreximbank) to modernise fuel supply chains across Southern Africa. The project aims to cut the region’s reliance on Middle Eastern imports. Afreximbank’s senior executive vice-president Denys Denya detailed a strategic vision focused on upgrading pipelines, increasing…
THE government has signed an agreement with Japan under an economic and social development programme, securing US$2,6 million to procure agricultural equipment for rice production. Rice consumption in Zimbabwe has surged over the past decade, as consumers turn to it as an affordable, easy-to-cook alternative to traditional maize. This shift has prompted the government to…
PREMIER African Minerals (Premier) has raised approximately £1 million (roughly US$1,3 million) through a share subscription to fund ongoing works at its Zulu Lithium and Tantalum project in Zimbabwe. The group expects to complete work during the second quarter this year. The Alternative Investment Market (AIM)-listed mining firm issued 7 352 941 176 new ordinary…
PATRICK Maseva-Shayawabaya has been appointed chief executive of Mutapa Gold Resources (MGR), replacing Trevor Barnard, who has resigned, effective May 1, 2026. This comes barely four months after the company’s launch, as one of the several mineral-specific entities under the Mutapa Investment Fund’s mining portfolio following the restructuring that wound down Kuvimba Mining House. “We would…
Coca-Cola Co.’s focus on smaller sizes is paying off with cash-strapped consumers as the world’s largest beverage maker boosted sales last quarter more than expected. Atlanta-based Coca-Cola reported organic revenue…
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