Fastjet launches Harare-Lusaka route

FASTJET Zimbabwe (Fastjet) has introduced a new scheduled flight service from Harare to Lusaka, Zambia, as part of its regional expansion and integration strategy.The route would operate three times a week—on Mondays, Wednesdays, and Fridays—using a 50-seater Embraer ERJ145 aircraft.The approximately 45- minute long inaugural flight touched down at Kenneth Kaunda International Airport at around…

Subscribe to read full article. Subscribe today

Read more

Government, JICA US$15m deal bears fruit

THE Nyakomba Irrigation Scheme, one of the major projects initiated by the Zimbabwe Smallholder Horticulture Empowerment and Promotion Project, has significantly transformed lives in Manicaland.The transformation follows a US$15 million investment from the government and the Japan International Cooperation Agency (JICA) in 2020, aimed at revamping various irrigation schemes across the country.Deputy director in the…

Subscribe to read full article. Subscribe today

Read more

New events venue opens in Victoria Falls

A NEW events space, Queen Nandi Place, opened on the Victoria Falls Safari Lodge estate on Friday, with a launch event attended by local travel and business representatives.The venue, offering views of the Zambezi National Park and the Victoria Falls spray, aims to cater to various events, including weddings, dinners, product launches and wellness retreats.Part…

Subscribe to read full article. Subscribe today

Read more

Manufacturing sector grows 10 percent

THE local manufacturing sector showed a rise in production during the fourth quarter of 2024, growing by 10,13 percent, according to recent figures from the Zimbabwe National Statistics Agency (Zimstat). The agency’s Volume Manufacturing Index tracks production changes over time, comparing them to a base period. Zimstat reported that the food and beverage industries have…

Subscribe to read full article. Subscribe today

Read more

Mounting RSA-USA hostilities rattle Zimbabwe

THERE are growing concerns that South Africa’s deteriorating relationship with the United States of America, as well as unfolding political events in Pretoria itself, will hurt Zimbabwe’s economy.Experts who spoke to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — also warned this week that the…

Subscribe to read full article. Subscribe today

Read more

Sugar special tax milks US$2,3m off Dairibord

DAIRIBORD Holdings (Dairibord) says it parted with US$2,26 million in special surtax on sugar content during the just-ended financial year to December 31, 2024 reflecting the adverse impact of the new fiscal requirement on business profitability.It was a double whammy for the dairy products maker after authorities also made value added tax (VAT) reclassification of…

Subscribe to read full article. Subscribe today

Read more

ZBFH earnings up on non-funded income

ZB Financial Holdings (ZBFH) posted a profit after tax of ZiG1,167 billion for the year ended December 31, 2024 which was four percent above ZiG1,124 billion recorded a year earlier largely driven by growth in non-funded income.Non-funded income, mainly in bank fees and commissions went up by 76 percent, to ZiG1,158 billion, with the group…

Subscribe to read full article. Subscribe today

Read more

The ZiG one year on

“Not under my watch,” became Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu’s catchphrase on April 4, 2025, when the apex bank launched the country’s new currency.Previous central bank chiefs had attempted to bring back the domestic currency, albeit with little success.In fact, since 2008, when the Zimbabwe dollar collapsed, the southern African country has…

Subscribe to read full article. Subscribe today

Read more

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