Zimbabwe joins BRICS New Development Bank

Brighton Muronzereyi ZIMBABWE has secured admission as a borrowing member of the BRICS New Development Bank, unlocking vital alternative sources of long-term international development financing. In a statement yesterday, the minister of Finance, Mthuli Ncube, said the country’s admission provides an alternative source of development financing for economic growth. “Government wishes to advise that the…

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POSB remits record dividend to Mutapa

THE People’s Own Savings Bank (POSB) has remitted a record US$5,14 million dividend payout to its shareholder, the Mutapa Investment Fund (MIF), following a strong financial performance during the year ended December 31, 2025. During the year under review, the state-owned lender raked in US$54,15 million in revenue driven by strong customer acquisition efforts which…

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Nurturing workforce amid constraints

Notice Pasipamire AGAINST a landscape long dom­inated by Western-conditioned educational aid across Africa, Zimbabwe has restructured its local talent development system via deepened educational ties with China. Powered by targeted…

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Business needs predictable policies: Takundwa

JOSEPHINE Takundwa (JT) has assumed the presidency of the Zimbabwe National Chamber of Commerce (ZNCC) at a pivotal moment for the country’s business community, with firms battling high production costs, currency volatility and a challenging operating environ­ment. As the only third woman to lead the chamber since independence, she inherits the task of strengthening pri­vate…

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Afdis deepens local sourcing

AFRICAN Distillers (Afdis) spent US$35,1 million on local suppliers in the 2026 financial year as the beverages manufacturer intensified efforts to strengthen domestic supply chains and support the local industry.…

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Govt hails MICE business growth

THE government has commended the rapid growth of Zimbabwe’s Meetings, Incentives, Conferences and Exhibitions (MICE) sector, describing the emergence of world-class conferencing facilities in rural areas as a major boost…

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Caledonia targets stronger production

Kudzanai Gerede Companies and Markets Editor CALEDONIA Mining Corporation (Caledonia) is targeting stronger pro­duction in the second half of the year as improved access to high­er-grade ore and key operational upgrades begin to boost output. This comes as the group pro­duced 17 360 ounces of gold in the second quarter ended June 30, 2026, an…

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