ZIMBABWE’S recurring trade deficits are rooted in a structural mismatch at the heart of the economy, analysts say. That reality has left Zimbabwe with a cumulative trade deficit of more than US$20 billion since the 2009 currency reset, despite occasional periods of surplus. A rare run of monthly surpluses recorded earlier this year have already…
By Anthony Hughes and Bailey Lipschultz, Bloomberg SpaceX’s initial public offering has attracted demand for more than four times the available shares, according to people familiar with the matter, ahead of…
MUTAPA Energy Resources chief executive Innocent Rukweza has been elected chairman of the Lithium Association of Zimbabwe, placing him at the forefront of efforts to shape the next growth phase of the sector. Rukweza takes over the reins at a time the country continues to attract significant investment into lithium projects driven by rising demand…
HR Perspective with MEMORY NGUWI HIRING remains one of the most consequential decisions any leader will ever make. The people an organisation hires ultimately determine its ability to execute strategy,…
LOCAL equities continued their rally in May driven by strong investor demand amid improving macroeconomic stability and corporate earnings expectations. Both the Zimbabwe Stock Exchange (ZSE) and the Victoria Falls Stock Exchange (VFEX) have had a good start to the year as investors target companies with strong business fundamentals. According to investment analysts, FBC Securities,…
Prisca Tshuma and Mishma Chakanyuka ECONOMIC experts have sounded the alarm over the local economy’s heavy reliance on the key metals sector. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts warned this week that this over-dependence on metals meant that the…
GODFREY NYONI ARTIFICIAL Intelligence (AI) is transforming the web hosting industry in ways that were difficult to imagine only a few years ago. Modern hosting platforms can now monitor servers…
NAMPAK Zimbabwe (Nampak) is anticipating stronger business performance in the second-half of the year driven by higher packaging requirements following a significant increase in national tobacco production. The group’s packaging business derives a substantial portion of its revenue from the tobacco industry. According to the Tobacco Industry and Marketing Board (TIMB) Zimbabwe is projected to…
GOLD deliveries to Fidelity Gold Refinery, Zimbabwe’s sole authorised gold buyer, refiner and exporter, rose to 3 951kilogrammes (kgs) in May 2026, up 18,8 percent from 3 325kg recorded in April and the highest monthly total so far this year. Small-scale miners accounted for 2 741kg, representing nearly 69 percent of total deliveries, while primary…
OLD Mutual Insurance Company’s profit before tax grew 208 percent on an annualised basis to ZiG101,4 million during the year ended December 31,2025 driven by growth in gross written premiums (GWP). GWP increased 12 percent year-on-year to ZiG1,14 billion on the back of growth in all revenue lines. Insurance revenue was up seven percent to…
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