ZIMBABWE’s parallel market exchange rate premium remained within a 20 percent margin during the first quarter of 2026 and is expected to further narrow the gap, marking a milestone in the stabilisation of the ZiG. According to the Reserve Bank of Zimbabwe (RBZ), the official exchange rate averaged ZiG25,59 per US dollar throughout the quarter.…
BANK deposits are increasingly growing, driven by exchange rate stability and stronger foreign currency inflows, signalling improved confidence in the domestic banking system, financial statements by local banks show. Several listed and non-listed financial institutions published their 2025 financial results recently, with deposits showing commendable growth. In 2025, total foreign currency inflows reached US$16,2 billion…
ZIMBABWE’S tax framework contains a significant but often overlooked provision known as the Non-Residents’ Tax on Remittances. Provided for under Section 31 of the Income Tax Act and detailed in…
FIRST Mutual Holdings (FMH) says it is working on deploying container-based facilities across the country to provide the informal sector with access to health coverage. Health insurance coverage for Zimbabwe’s burgeoning informal sector remains severely limited, with fewer than 10 percent of the total population, mostly those in formal employment, having private cover. Resultantly, informal…
FIRST Mutual Properties (FMP) says it is prioritising a ‘retail-first rollout’ for its 24-hectare Golden Stairs project in Mount Pleasant, aiming to unlock quick cash flows from key commercial units. This comes as the country’s property sector is experiencing firm demand for retail space amid relative macroeconomic stability, although net incomes remain under pressure from…
EDGARS Stores’ manufacturing unit, Carousel, grew units supplied to retail chains by 47 percent to 448 000 during the 52 weeks, which ended on January 4, 2026, as investment in internal production paid off. The group wants to control the inventory supply chain by equipping its Bulawayo-based manufacturing unit having previously encountered disruptions from external…
WESTPROP Holdings (WestProp)’s income grew 19 percent to US$34,64 million during the year ended December 31, 2025, from US$29 million in 2024, supported by firm demand across its residential developments. This was despite cost pressures and material shortages that slowed projects execution. “This growth was primarily driven by demand across key residential estates, including Pomona…
ARISTON Holdings (Ariston) says it is intensifying efforts to restore profitability through cost containment, production efficiency and improved pricing strategies. The measures resulted in the agro-industrial firm being able to cut its loss for the year ending September 30, 2025, to US$3,1 million from US$4,3 million prior year. Ariston chairman Michael Bailey in a statement…
ZIMRE Holdings (ZimRe) will break ground on a new Victoria Falls hotel within the next three months as part of an US$80 million property investment pipeline, the company’s chief executive Stanley Kudenga has said. The Victoria Falls development, expected to cost about US$59 million, will anchor the investment drive and form part of a multi-use…
CALEDONIA Mining Corporation’s gold production for the first quarter ended March 31, 2026, fell 21 percent to 14 767 ounces from 18 671 ounces a year ago, owing to operational constraints and planned mining sequencing. The company indicated that the lower output had been anticipated, as mining activities during the period focused on areas with…
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