THE Infrastructure and Development Bank of Zimbabwe (IDBZ) is strategically pursuing external partners to diversify its equity structure and reduce dependence on government funding in line with partial privatisation of some state entities.IDBZ – which is wholly owned and capitalised by the government – wants to evolve into a self-sustained full-fledged development finance institution capable…

ECONET Wireless Zimbabwe is gearing up for a strong presence at this year’s Zimbabwe International Trade Fair (ZITF), where it will unveil a range of cutting-edge technological innovations.Reliable sources have confirmed to this publication that the listed telecoms giant will use the premier business showcase to launch new solutions and engage with customers, partners, and…

Caledonia Mining Corporation has successfully completed the sale of its local subsidiary, Caledonia Mining Services (CMS), to Cross Boundary Energy Holdings (CBE) for a pre-tax consideration of US$22,35 million payable in cash.CMS owns and operates the 12,2MWac solar plant that supplies power to Blanket Mine, its primary gold asset.“By selling the plant for US$22,35 million,…

THE People’s Own Savings Bank (POSB) grew its lending portfolio by 107 percent to ZiG987,3 million during the year ended December 31, 2024 from ZiG476,1 million a year earlier, mainly supporting agriculture and property sectors.This comes as authorities have been advocating for local banks to revert to lending as their primary source of revenue as…

ARISTON Holdings (Ariston) says its operations have been severely affected by the soaring cost of key inputs such as electricity, fertilisers, and crop chemicals piling pressure on profit margins.The agro-industrial concern was further hit by a 21 percent decline in export tea selling prices resulting in 60 percent decline in export tea revenue.In its financial…