Innscor invests US$16,5m in contract farming

INNSCOR Africa (Innscor) spent US$16,5 million in contract farming during the year ended June 30, 2026, sup­porting 200 commercial and small-scale farmers under its ag­ricultural programmes. The diversified conglomerate and industrial food manufactur­ing group’s initiatives cover row crops such as maize, soya beans and wheat, alongside tobacco support and poultry and live­stock out-grower models. Innscor…

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Hippo Valley cuts coal use by 77 percent

HIPPO Valley Estates (Hippo Valley) reduced coal con­sumption by 77 percent in the year ended March 2026 as the sugar producer increased its reliance on bagasse to generate electricity. In its 2026 annual report, the company said coal con­sumption fell to 2 933 tonnes from 12 646 tonnes in the previous year. “Reduced coal usage…

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CBZ, BADEA pursue US$50m trade finance facility

CBZ Bank and the Arab Bank for Eco­nomic Development in Africa (BA­DEA) have taken steps towards secur­ing a proposed US$50 million trade finance facility that could improve access to funding for Zimbabwean businesses. The two financial institutions signed a declaration of intent on the sidelines of the World Bank Group and International Monetary Fund An­nual…

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Green Dollar pushes for stablecoin adoption

GREEN Dollar Stablecoin (GDC) has asked the Zimbabwe Revenue Author­ity (Zimra) to consider accepting its digital currency for certain taxes and customs duties. GDC finance manager Margaret Mwanakatwe said the company, work­ing with Africa Investors Hub, has asked Zimra to “explore the potential acceptance of Green Dollar Coin as a digital payment option for eligible…

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PPC completes US$27m Arlington sale

CEMENT producer PPC Zimba­bwe (PPCZ) has concluded the sale of the 418-hectare vacant Arling­ton Estate property in Harare for US$27 million, ending months of delays that had stalled the disposal. This was disclosed on Tuesday by its South Africa-headquartered parent company PPC Limited (PPC), which has an 88 percent stake in the Zimbabwean opera­tion. The…

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Namib accelerates How Mine expansion

NAMIB Minerals (Namib) has brought its expanded milling plant at How Mine near Bu­lawayo to full capacity, almost two months ahead of schedule, lifting monthly processing volume by 36 percent. The Nasdaq-listed miner with several resource assets in Zimbabwe expects the development to ease pro­duction constraints and improve op­erating efficiency as the plant now processes…

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Zimbabwe-China trade surges 51,6pct

TRADE between China and Zimbabwe rose 51,6 percent year-on-year to US$5,01 billion in the first nine months of 2026, China Customs data shows. The two countries have strengthened their economic ties in recent years, with China re­maining one of Zimbabwe’s ma­jor trading partners. The Chinese embassy said the latest figures reflected the bene­fits of bilateral…

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Comesa Yellow Card premiums rise 26 percent

PREMIUMS written under the Common Market for Eastern and Southern Afri­ca (Comesa) Yellow Card Scheme rose 25,9 percent to US$27,75 million in 2025, as participating countries issued 439 383 cards, the regional bloc said. In December 2025, Zimbabwe introduced the Comesa Digital Yellow Card USSD platform to al­low officers to verify in­surance cover in real…

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True Zimbabwe GDP tips $100BN: Analysts

WHILE official figures current­ly place Zimbabwe’s nominal gross domestic product (GDP) at about US$66 billion, leading experts argue that the country’s actual economic footprint exceeds US$100 billion. Speaking to The Financial Gazette — the country’s number one business pub­lication and prime voice for industry and commerce — the experts this week point­ed to pervasive business…

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