MUTAPA Gold Resources (MGR) is formalising mining activities at Phoenix Prince in Bindura, bringing more than 50 operators under contracts and tighter safety controls after securing control of the disputed area. The initiative follows a legal victory that affirmed MGR’s wholly-owned Freda Rebecca Gold Mine (Freda Rebecca)’s exclusive rights over Mining Lease 21. Freda Rebecca…
ZIMBABWE’S manufactured exports have remained below 10 percent of total exports despite the country’s participation in bilateral, regional and multilateral trade arrangements, the Confederation of Zimbabwe Industries (CZI) has said. The government is targeting US$1 billion in annual manufacturing exports by 2030. Achieving this target will require plant retooling and increased regional trade under the…
PASSENGER traffic at Zimbabwe’s airports rose by 7,1 percent in the first half of 2026, driven by increased demand for domestic air travel, according to the Civil Aviation Authority of Zimbabwe (CAAZ). Airports handled 1,19 million passengers between January and June up from 1,11 million in the same period last year. Accordingly, international passengers increased…
ZIMBABWE’S national payments system processed ZiG283,58 billion in transactions in June 2026, representing a 17 percent increase from ZiG241,78 billion in May 2026, according to latest figures. The rise in value came as transactional volumes declined by nine percent to 85,16 million reflecting a shift toward higher value digital payments. This also indicates growing confidence…
A CHANGE in the Victoria Falls Stock Exchange (VFEX)’s market capitalisation methodology has pushed its value to a record US$8,27 billion this Tuesday, nearly double that of the Zimbabwe Stock Exchange (ZSE).The new methodology, introduced last week, requires the market capitalisation of cross-listed companies to be calculated using their full global issued share base multiplied…
EXPERTS have expressed reservations about the fiscal viability of some of the government’s sectoral incentives designed to stimulate economic growth and secure investor commitment. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts said this week that authorities should only use incentives…
STAR Africa Corporation’s revenue rose 31 percent in the first quarter to June 30, 2026, driven by higher volumes at its GSS and CCF units as price cuts helped defend market share and stimulate demand.Operating profit before the group’s share of associate earnings increased 58 percent year-on-year, supported by volume-led revenue growth and higher sundry…
THE country’s prestigious Top Companies Survey Awards are set to be held on September 18, 2026, with judges finalising winners for the annual event. The Top Companies Survey is conducted by the country’s iconic business and financial weekly newspaper, The Financial Gazette, in partnership with financial services giant, Old Mutual Zimbabwe. The awards ceremony running…
TECHNOLOGY Company BYD Zimbabwe in partnership with Tsapo Group has launched a new seven-seater ATTO 8 plug-in hybrid electric vehicle (PHEV) sports utility vehicle in Harare as the companies seek to expand the adoption of electrified vehicles in Zimbabwe.The ATTO 8 features BYD’s fifth-generation Dual Mode (DM) Super Hybrid Technology and is available in two…
ZIMBABWE’S Finance ministry has strongly warned creditors and suppliers from hiring third parties and consultants to pursue their debts, as authorities move to stave off undue pressure and possible extortion.…
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