Zimbabwe stocks hit US$8,6 billion market cap

ZIMBABWE’S publicly listed equities reached US$8,55 billion in market capitalisation as at March 31, 2026, double the US$3,8 billion recorded in the same period last year. In its first quarter trading update, Zimbabwe Stock Exchange Holdings (ZSEH) said the ZiG exchange rate held steady at around 25,57 per US dollar, enhancing investor confidence and market…

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Global glut suffocates growers of green gold

WEAKER than expected tobacco auction floor prices have dampened farmers’ hopes of translating this season’s high output into meaningful earnings. 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 increased global supply, subdued demand, limited buyer competition and…

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CTC pushes phased local content in soap, detergents

THE Competition and Tariff Commission (CTC) has proposed gradually raising local content thresholds for soaps and detergents, currently at 25,8 percent and 16,6 percent, as sector capacity utilisation remains between 30 percent and 60 percent. Local content refers to policies requiring a share of inputs, labour, goods, services, and domestic knowledge or technology to be…

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Counterfeit oilseeds hurt production

COUNTERFEIT seeds and delayed government pay­ments to seed farmers are hurting the oilseed industry, re­sulting in lower yields, the Oil Seeds Association of Zimbabwe (OSAZ) has said. This comes as the country’s oilseed sector is undergoing a major shift aimed at reducing its heavy reliance on imported crude vegetable oil and achiev­ing domestic self-sufficiency. The…

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Let’s reimagine the tobacco value chain

THE government’s swift acknowledgement of growers’ frustrations over subdued tobacco auction prices is both welcome and worth noting. For a crop that remains Zimbabwe’s largest agricultural export earner, sustaining hundreds of thousands of rural households, weak prices strike at the heart of livelihoods, confidence and broader economic stability. Agriculture Minister Anxious Masuka deserves credit for…

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FMP delisting set for July

FIRST Mutual Properties (FMP) is set to delist from the Zimbabwe Stock Ex­change (ZSE) in July 2026 following a cash buyout offer from its majori­ty shareholder, First Mutual Holdings (FMH). The proposed transaction involves an offer to acquire up to 360,944,355 ordi­nary shares, representing approximately 29,2 percent of the company’s issued share capital held by…

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‘Local produce can mitigate global shocks’

INCREASED uptake of locally pro­duced goods and stronger support for domestic manufacturers are critical in protecting Zimbabwe from global economic shocks, according to the Ministry of Industry. This comes as there have been sup­ply chain disruptions triggered by the Russia-Ukraine conflict, which af­fected access to raw materials. More recently, tensions between Iran and Israel have…

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