Treasury channels ZiG7,4bn to debt servicing

Kudzanai Gerede Companies and Markets Editor TREASURY channelled a ZiG7,4 billion budget surplus towards servicing public debt and arrears in the first quarter of 2026 as government intensified ef­forts to reduce its mounting domes­tic and external obligations. According to the latest Treasury bulletin, the surplus was achieved after cumulative revenue collections for the period between…

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Millers oppose food import liberalisation

Kudzanai Gerede Companies and Markets Editor LOCAL millers have urged the government to resist opening Zimbabwe’s borders to duty-free staple food imports during the El Niño-induced drought, saying the industry has ade­quate capacity to meet national demand. Grain Millers Association of Zimbabwe chair­man Tafadzwa Musarara told The Financial Gazette recently that the country’s milling industry…

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BAZ urges businesses to embrace formal banking

Mishma Chakanyuka THE Bankers Association of Zimbabwe (BAZ) has urged businesses to adopt formal banking practices and honour their debt obligations, saying stronger banking habits are essential to closing the country’s long-term financing gap. Speaking at the Meet the Bankers, Tourism and Hospitality Investment Conference 2026, BAZ presi­dent Solomon Nyanhongo said heavy reliance on cash…

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