By Jeff Mason and Skylar Woodhouse, Bloomberg Donald Trump got the pageantry he craved during his trip to China. But the US president concluded the summit largely where he began, receiving…
When the 2026 FIFA World Cup kicks off on June 11 in Mexico City, it will set in motion a flurry of historic firsts. A newly expanded 48-team tournament, three…
STATE-owned mobile telecommunications company NetOne is accelerating network expansion, digital product rollout and infrastructure modernisation as it seeks to strengthen market share amid rising costs, growing competition from Starlink and increasing demand for connectivity. The Financial Gazette’s companies and markets editor Kudzanai Gerede (KG) spoke to NetOne group chief executive Raphael Mushanawani (RM), who was…
LOGISTICS group Unifreight Africa posted a powerful start to 2026, reporting strong first-quarter earnings growth while pressing ahead with major expansion plans designed to cement its position in Zimbabwe’s transport and express logistics sector. In its latest trading update, the company said group sales for the quarter reached ZiG 211 million, ahead of budget, while…
TREASURY’S move to introduce zero-cost bank accounts for micro, small and medium enterprises (MSMEs) has been overshadowed by the ‘burdensome’ intermediated money transfer tax (IMTT), an industry expert has warned. The digital tax, which attracts a 1,5 percent and two percent charge on ZiG and foreign currency transactions, respectively, has been a major deterrent to…
THE Competition and Tariff Commission (CTC) says the government should establish a funding facility for the textile industry to encourage the production and uptake of local content. This comes as the Ministry of Industry and Commerce engages the sector on implementing the Local Content Development Strategy 2026–2035. In an interview with The Financial Gazette, CTC…
ZIMBABWE’S textile and clothing industry, once a major employer, has seen capacity utilisation fall below 30 percent in some segments, as the competition watchdog proposes phased local content increases to revive the value chain. Competition and Tariff Commission (CTC) spokesperson Prosper Ziyadhuma said the sector’s decline since the 2000s has been driven by outdated machinery,…
ARISTON Holdings (Ariston) is investing in technology-enabled farming and value-addition initiatives to improve competitiveness and protect margins amid rising costs and operational challenges. In a trading update for the first quarter ended December 31, 2025, the group said the domestic operating environment remained difficult as input costs and broader economic pressures continued to weigh on…
NMBZ Holdings says strict credit management systems helped reduce non-performing loans to 3,14 percent despite growing pressure on retail borrowers, with agriculture remaining the bank’s largest lending sector. The non-performing loan (NPL) ratio is a key measure of banking sector health, reflecting the proportion of loans where borrowers have failed to meet repayment obligations over…
PROPLASTICS recorded a year on year 35 percent increase in sales volumes to 1 861 tonnes in the first quarter to March 31, 2026, driven by infrastructure projects across Zimbabwe and the region. Production volumes rose 22 percent during the quarter, enabling the company to meet orders and replenish fast-moving inventory, while margins remained stable…
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