Lord Oates “To achieve a just energy transition in Africa that reduces energy poverty and accelerate development in a climate-friendly way will require the UK, other high-income countries and multilateral…
FIRST Capital Bank Zimbabwe (FCB) has reaffirmed its strategic importance within FMBcapital Holdings Plc (FMBCH), contributing US$23 million in profit after tax for the year ending December 2024. Across the Group, FMBCH recorded US$103,5 million in profit after tax, a 13 percent year-on-year increase, with four subsidiaries — Zimbabwe, Botswana, Malawi, and Mozambique — each…
KUVIMBA MINING HOUSE (Kuvimba) saw a 45 percent increase in gold revenue to US$297,2 million for the year ended March 31, 2025 buoyed by higher bullion prices and increased production under its successful hybrid mining model.The state-owned miner’s gold cluster — comprising Freda Rebecca, Shamva and Jena mines — produced 3,605kg of gold, with monthly…
THE government is aiming to tap into the global carbon trade market by establishing a blockchain-based national registry to provide a transparent mechanism for tracking credits.This carbon registry aligns with Zimbabwe’s objectives of achieving full Article 6 readiness and transitioning all voluntary carbon market projects to compliance eligibility.Speaking at the pilot launch of the carbon…
WITH artificial intelligence continuing to advance at an exponential pace globally, its destined impact on local workplaces is becoming a major topic of discussion.Experts who spoke to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — said this week that while AI was currently being hindered…
ZIMBABWEAN businesses want the government to urgently spell out a clear course of action post the 2030 multicurrency deadline to quell the growing anxiety impacting strategic decisions.In 2023, authorities announced that the multicurrency system would remain in place until the end of 2030, creating room for speculation with regards to what happens thereafter.The government has…
THE gold and platinum group metals (PGMs) sub-sectors will headline the upcoming Chamber of Mines of Zimbabwe’s annual mining conference in Victoria Falls, set for next week.The four-day conference will host the gold and PGM symposiums. The conference, that attracts leading mining executives and industry stakeholders from both the private and public sectors, will run…
WESTPROP HOLDINGS (Westprop) posted an 80 percent increase in revenue to US$29,05 million for the year ended December 31, 2024, driven by increased demand for residential real estate and successful progression in project execution.The revenue increase is from a prior year comparative of US$16,09 million.“This growth was driven primarily by Pomona City Residential Estate, which…
CBZ Holding’s (CBZ) loan book grew by ZiG72,85 million (0,87 percent), to ZiG8,37 billion in the first quarter ended March 31, 2025 from ZiG8,3 billion posted same period in 2024, reflecting the group’s continued commitment to extending credit to the market.This was underpinned by a solid deposit base of ZiG26,79 billion, which ensured adequate liquidity…
ZIMBABWE loses millions of US dollars annually due to a growing underground network of informal car dealers who smuggle large sums of foreign currency out of the country to purchase…
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