THE Reserve Bank of Zimbabwe (RBZ) expects foreign currency reserves to reach about two months’ import cover by the end of 2026 as authorities continue to build external buffers. Foreign currency reserves currently cover about 1,5 months of imports, reflecting a steady buildup since the launch of the ZiG currency in April 2024. This comes…
HIPPO Valley Estates (Hippo Valley) says cost rationalisation efforts are going as planned and are expected to significantly improve profit margins in the medium term. The sugar cane producer, in early 2024, embarked on Project Zambuko, a strategy to optimise revenue and implement cost containment measures, including through retrenchments. Cost pressures have dragged the group’s…
KAVANGO Resources has mobilised up to US$13,5 million through investor subscriptions, internally generated resources and committed funding to support a range of expansion initiatives in Zimbabwe. The London and Victoria Falls-listed mining group recently raised about US$8,4 million by way of subscription from investors in the United Kingdom and Zimbabwe. Investors from both the London…
THE African Development Bank (AfDB) has endorsed Zimbabwe’s ongoing economic reform agenda, citing the government’s commitment to the International Monetary Fund (IMF) Staff-Monitored Programme as a critical step toward fiscal stability. The incoming AfDB’s country manager, Eyerusalem Fasika, held a high-level meeting with the minister of Finance, Mthuli Ncube, in which she endorsed Zimbabwe’s arrears…
…amid rising corporate restructuring THE Competition and Tariff Commission (CTC) handled 30 merger cases in 2025 and issued decisions on 26 transactions, most of which were approved without conditions after being found unlikely to significantly lessen competition or harm the public interest. This comes as companies use deals to restructure operations, expand into new markets…
TANGANDA Tea Company (Tanganda) expects non-tea agricultural operations to contribute up to 40 percent of the group’s total income in the medium-term through its planned diversification push. The tea grower is targeting to raise US$8 million through renounceable rights offer to finance diversification efforts which include funding value addition initiatives, plant upgrades and expansion across…
CABLE manufacturer CAFCA has ramped up copper stockpiles to shield operations from volatile global prices and potential supply disruptions. While the company uses aluminium, polyvinyl chloride, polyethene and galvanised steel wire, copper remains a key raw material in the production of cables. Global copper prices experienced volatility in 2025, with forecasts indicating a potential, moderate…
STANBIC Bank Zimbabwe has launched a five-year scholarship fund in partnership with the National University of Science and Technology (NUST) to help bridge the funding gap for academically gifted students…
TM Pick n Pay and CABS have announced a combined donation of US$260 000 dedicated to cancer screening and treatment initiatives in the country. The funds, raised through the 2025…
Gold advanced after a report that the International Energy Agency is proposing the largest-ever release of oil reserves to ease a supply shock caused by the war in the Middle…
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