MOBILE network operators (MNOs) spent ZiG1,08 billion, cumulatively, during the fourth quarter of 2025, double the ZiG509 million spent in the third quarter as players accelerated network expansion, latest figures show. This translates to roughly US$41,6 million spent during the quarter in real terms. According to the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz)’s…
ESCALATING production costs are squeezing local firms, even as the country maintains single-digit inflation, the Confederation of Zimbabwe Industries (CZI) has warned. The trend, driven primarily by rising prices for fuel, fertiliser, and other essential inputs, has significantly inflated production and logistics costs. In an update, the industry body said the operating environment during the…
ZIMBABWE’s tobacco exports reached 83 million kilogrammes valued at US$545 million as of April 23, 2026, marking a 66 percent surge in volume compared to the same period last year, official data shows. Minister of Information Zhemu Soda said a total of 149,9 million kilogrammes (kgs) of tobacco had been sold as of day 34 since the opening…
FIRST Capital Bank has finalised the disposal of its 50 percent stake in Makasa Sun, which owns the Makasa Sun Hotel, formerly Kingdom Hotel in Victoria Falls, to ASB Hospitality. Last year, the bank and its co-shareholder First Capital Bank Pension Fund, which each held a 50 percent stake, announced that they had agreed to…
ZIMBABWE’s trade deficit widened significantly in March 2026, surging by 59,3 percent to reach US$142,8 million as a sharp rise in imports offset steady gains in the country’s export sector. Data released by the Zimbabwe National Statistics Agency (ZimStat) reveals that while exports grew by 6,7 percent to US$932 million, the value of imported goods…
ON a busy weekday morning in the central business district, office workers scroll through their phones between meetings, while just a few kilometres away in Mbare, traders exchange cash rapidly in one of the country’s most vibrant informal markets. Both groups are active in Zimbabwe’s economy, yet neither is significantly present in the capital markets.…
VICTORIA Falls hotels recorded strong occupancy levels over the Easter holiday period, reflecting robust demand from both domestic and international travellers, an industry official said. The tourism industry in Zimbabwe has been growing steadily over the years, and efforts are being made to improve infrastructure and attract more visitors to boost hotel occupancy levels. Hospitality…
ZIMBABWE is emerging as a focal point in a US$3 billion energy programme funded by the African Export-Import Bank (Afreximbank) to modernise fuel supply chains across Southern Africa. The project aims to cut the region’s reliance on Middle Eastern imports. Afreximbank’s senior executive vice-president Denys Denya detailed a strategic vision focused on upgrading pipelines, increasing…
THE government has signed an agreement with Japan under an economic and social development programme, securing US$2,6 million to procure agricultural equipment for rice production. Rice consumption in Zimbabwe has surged over the past decade, as consumers turn to it as an affordable, easy-to-cook alternative to traditional maize. This shift has prompted the government to…
PREMIER African Minerals (Premier) has raised approximately £1 million (roughly US$1,3 million) through a share subscription to fund ongoing works at its Zulu Lithium and Tantalum project in Zimbabwe. The group expects to complete work during the second quarter this year. The Alternative Investment Market (AIM)-listed mining firm issued 7 352 941 176 new ordinary…
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