FREIGHT transporter Unifreight Africa (Unifreight) says its fuel consumption in 2024 significantly decreased, resulting in reduced costs due to strategies implemented to improve operational efficienciesHigh fuel consumption, in this case diesel and petrol, is a major cost driver for transport and logistics firms. According to the group, diesel consumption declined by 19 percent to 2,85…
THE property sector in Zimbabwe is growing, driven by a rising demand for housing and infrastructure, experts say.This comes as new investments in residential developments are improving the market landscape.Spatial data analyst at Injecta Analytics, Tatenda Chiteka, said the residential market has been expanding by an average of 7 percent annually.“We have seen a 20…
THE Procurement Regulatory Authority of Zimbabwe (Praz) has launched a methodology for assessing procurement systems, ‘MAPS’, in a bid to bolster accountability and fiscal responsibility.This strategic initiative marks a pivotal step in the nation’s ongoing public finance management reforms, aimed at enhancing transparency, accountability and efficiency into the way public accounts acquire goods and services.…
ZIMBABWE’s economy lost an estimated US$6,15 billion in illicit proceeds from financial crimes between 2019 and 2024, translating to US$1,23 billion annually, latest figures show.According to the Financial Intelligence Unit (FIU) 2024 report, the figures underscore the impact of financial crime on the national economy.The FIU’s analysis of 16 predicate crimes identified six as the…
LONDON-based wealth manager Shard Capital has initiated coverage on Kavango Resources with a risk-adjusted valuation of £64,3 million (1,9 pence per share) for the company’s Hillside Gold Projects in Zimbabwe.Hillside is Kavango’s first 100 percent owned gold project in Zimbabwe and is located within the historic Filabusi Greenstone Belt. Geophysical surveys and mapping suggest that…
ZIMBABWE’s liquefied petroleum gas (LPG) consumption jumped 62 percent in the first seven months of 2025 to 65,15 million kilogrammes (kgs), up from 40,19 million kilogrammes in the same period last year, according to data from the Zimbabwe Energy Regulatory Authority (Zera).In July 2025 alone, 12,44 million kgs of LPG was consumed, marking a 65…
TOBACCO Industry and Marketing Board (TIMB) says it has engaged major Chinese investors to improve domestic processing and manufacturing of the golden leaf.In an interview with The Financial Gazette, TIMB chief executive officer Emmanuel Matsvaire said this was part of the organisation’s bid to partner with countries that have cutting edge in value addition aspects.“In…
THE Civil Aviation Authority of Zimbabwe (CAAZ) has partnered with the African Civil Aviation Commission (AFCAC) to develop regulatory and policy frameworks to address the environmental impact of air transport, including noise pollution and emissions. Speaking at a workshop in Harare at the weekend, CAAZ director general George Mashababe said the initiative was a crucial…
ZIMBABWE’S Chevrons will be seeking a series-levelling win over Sri Lanka when they meet in the second and final ODI at Harare Sports Club today. After a narrow loss to…
RESERVE Bank of Zimbabwe (RBZ) is conducting a ZiG perception and confidence survey to measure the local currency’s acceptance rate since its introduction. The central bank said the move is part of its strategy to enhance public confidence through consistent policy implementation and active stakeholder engagement. “The RBZ introduced the Zimbabwe Gold (ZiG) on April…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More