ZIMBABWE maintained a positive trade balance in February 2026, recording a trade surplus of US$46,4 million, a 57,7 percent decrease from the January 2026 surplus of US$109,9 million, latest data shows. According to data from the Zimbabwe National Statistics Agency, exports amounted to US$1,01 billion in February, an increase of 4,1 percent from the January…
THE reduction of licences, permits, levies and fees in the tourism industry has improved the ease of doing business in the sector, local airline Fastjet Zimbabwe says. The reforms are…
OLD Mutual Zimbabwe (OMZ) says its rollout of new propositions across key business units drove strong growth, with revenue rising 29 percent to US$194,8 million for the year ended December 31, 2025. The diversified financial services group expanded product distribution to reach underserved markets in its insurance business, while its banking unit focused on mobilising…
ECONET InfraCo (InfraCo) made its maiden trading on Victoria Falls Stock Exchange (VFEX) this week, Tuesday, adding just above US$900 million in equity, pushing overall market capitalisation to an unprecedented US$3,88 billion. Accounting for approximately 23 percent of overall market value, the telecommunications infrastructure service provider closed the session at US$0,30 per share after a total of…
THE government is planning to establish a Municipal Sustainability Fund to provide seed financing and technical assistance for councils that commit to transparent reporting and sustainable project preparation. The initiative is aimed at helping local authorities unlock alternative funding sources like green bonds and climate adaptation grants to meet the infrastructure demands of urbanisation. Speaking…
THE Victoria Falls Safari Collection (VFSC) says it is expanding its meetings, incentives, conferences and events (MICE) facilities to cater for growing demand from the business community. The resort —…
TN CyberTech Investments Holdings (TN CyberTech) disbursed 612 000 nano loans across underserved segments in the 10 months to December 31, 2025, in line with its financial inclusion thrust to grow the loan book. Since rebranding from Steward Bank last year, the financial services group has remodelled its banking subsidiary into a neobank, leveraging scalable,…
FIRST Capital Bank (FCB) added over 60 000 individual accounts to its existing 605 561 in 2025, driven by a robust customer acquisition strategy and market-tailored financial solutions. In addition, the bank established more than 1 000 new corporate relationships during the year, which saw customer deposits growing by 12 percent to US$200 million for…
THE People’s Own Savings Bank (POSB) recorded a 42 percent increase in deposits to ZiG1,94 billion during the year ended December 31, 2025, from ZiG1,37 billion in 2024, driven by targeted deposit mobilisation efforts, which supported overall business growth. The financial institution’s key revenue streams, including interest income, fees and commissions, registered significant growth during…
ZIMBABWE’s real GDP growth is projected to moderate to 4,5 percent this year, buoyed by a sustained recovery in the agricultural sector and the continued expansion of the mining industry, a new report shows. According to the latest outlook report from the African Development Bank (AfDB), growth will be underpinned by the strong performance of…
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