Govt to safeguard forex assets in mono-currency shift

THE government says all foreign currency-denominated assets will be safeguarded during the transition to a ZiG-anchored mono-currency system, allaying fears of financial losses in previous currency shifts. According to the 2026 national budget, the ministry of Finance said the transition to a mono-currency system will not impact existing foreign currency accounts, US dollar-denominated financial instruments,…

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Aid funds fall short of target

ZIMBABWE fell significantly short of its 2025 development assistance target, receiving only US$386,1 million between January and September, well below the planned US$500 million, according to the latest Treasury data. Bilateral partners provided US$240,77 million, or 62,3 percent of total inflows, while multilateral institutions disbursed US$145,33 million, representing 37,7 percent. The decline in Western support,…

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Mining cadastre system nears completion

THE government says the computerised Mining Cadastre Information Management System is now 90 percent complete and is scheduled for commissioning in the first quarter of 2026. The development marks a significant step toward transparency and streamlining the nation’s mining rights administration. Minister of Finance Mthuli Ncube said the system is critical for enhancing the ease-of-doing-business…

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Econet wary of share price valuation

ECONET Wireless Zimbabwe (Econet) says its share price on the Zimbabwe Stock Exchange (ZSE) is ‘grossly undervalued’- prompting the group to consider several corporate actions to unlock its intrinsic value. The country’s biggest telecommunication company by subscription is touted to hit US$1 billion in revenue by year end after it raked in ZiG13,5 billion, translating…

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Zim banks urged to slash charges

THE government has called on the banking sector to review charges to ensure that financial services remain affordable, supporting the national goal of lowering the cost of doing business. In his 2026 national budget, Finance minister Mthuli Ncube said that banks have strayed from their conventional role of facilitating financial intermediation to promote economic growth.…

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AirZim records 5k passengers on Harare–Mutare route

AIR Zimbabwe recorded approximately 5 000 passengers on its Harare-Mutare route since launching the service during the Sanganai Hlanganani World Tourism Expo in September, an executive said. The national airline made the route permanent after an initial trial for the expo, citing strong demand from travellers. Air Zimbabwe chief executive Edmund Makona described the route…

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Gwanda Garikai/Hlalani Kuhle houses regularised

THE regularisation and servicing of 655 houses under the Garikai/ Hlalani Kuhle Housing Scheme in Gwanda has been strongly commended by local and national officials, marking a major step toward providing residents with essential infrastructure. Under the initiative, contracted to Zimbuild, critical works including sewer infrastructure, water reticulation and road construction are being implemented. Matabeleland…

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Govt pushes policy to unlock solar investment

ZIMBABWE is prioritising policy reforms and innovative financing to attract investment into solar power, while leveraging its lithium reserves to enhance its role in renewable energy storage. This comes as the country is yet to fully harness its renewable energy potential, including solar and wind power, which could offer a sustainable and reliable source of…

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Brick by brick, trust erodes

By Leonita Mhishi FOR years, Zimbabweans have treated real estate as the one investment that never lies. A house in Harare’s suburbs, a stand in the fast-growing satellite towns, or even a modest rural homestead has long been regarded as more than shelter. It is a symbol of stability in an otherwise unpredictable economic landscape.…

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Delta quells share price concerns

DELTA Corporation (Delta) says it will remain listed on the Zimbabwe Stock Exchange (ZSE) despite concerns over its share price valuation. The beverage maker stressed that only investors will determine the ‘right’ price. This comes as market analysts insist the company’s share price is trading below historical averages and not consistent with its stellar operational…

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