MINING companies operating in Zimbabwe should leverage their rich resource assets to attract funding from global capital markets, analysts have said. This comes amid worsening global geo-political developments that have deepened economic uncertainty and pushed demand for minerals, mainly gold, as a hedging asset. In this regard, dually-listed Caledonia Mining Corporation was recently able to…
FIRST Capital Bank (FCB) says the proposed sale of its stake in Makasa Sun Hotel, formerly Kingdom Hotel in Victoria Falls, is still pending as regulatory approval has not yet been granted. FCB entered into a share purchase agreement with ASB Hospitality LLC in September last year for the disposal of its shareholding in Makasa…
By Leonita Mhishi WHEN the cool winds sweep through Harare’s new housing estates or dance past the rooftops of an innovative office block, there’s a quiet revolution happening in Zimbabwe’s built environment — one that goes beyond bricks and mortar. It is a transformation that challenges how we build, where we build, and why we…
By Simbarashe Hamudi THE taxation landscape is witnessing a notable transformation with the introduction of regulatory measures specifically aimed at enhancing compliance among proprietors leasing land or premises to presumptive taxpayers. This shift is particularly embodied in the provisions outlined in Part IIIB of the Finance Act, specifically sections 25F to 25J, which establish a…
THE Financial Gazette will host its Annual Tax Review Breakfast Meeting on 20 February 2026 at the Rainbow Towers Hotel in Harare. Renowned for providing critical insights into Zimbabwe’s taxation landscape, the…
VICTORIA Foods anticipates a robust recovery supported by improved harvests expected this year and new operational strategies to offset steep earnings decline that has rocked the food processor recently. Following a 26 percent operational decline during the year ended September 30, 2025, due to a debilitating drought, the outlook for this year looks promising, thanks…
NMBZ Holdings has acquired a controlling stake in the Zambian deposit-taking microfinance institution, Entrepreneurs Financial Centre (EFC), following regulatory approval from the Competition and Consumer Protection Commission. The strategic acquisition…
NEDBANK Zimbabwe has appointed Heresy Herry as acting managing director with effect from January 23, 2025, taking over from Sibongile Moyo, who resigned. Herry, currently head of origination and sales,…
TANGANDA Tea Company is seeking shareholder approval to raise US$8 million through a rights offer, with the fresh capital earmarked to support working capital needs and fund key capital projects. In an abridged circular to shareholders, the company said the funding would be mobilised via a renounceable rights offer, which allows existing shareholders to purchase…
INVICTUS Energy (Invictus) says it has terminated its agreement with Al Mansour Holdings (AMH) after failing to agree on revised terms. AMH is owned by Sheikh Mansour Bin Jabor Bin Jassim Al Thani, who toured Africa last year, meeting with heads of state and pledging billions in investments. Invictus is actively developing the Cabora Bassa…
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