TREASURY expects total revenue collections to reach ZiG270,3 billion (US$7,5 billion) this year, against a projected total expenditure of ZiG276,4 billion (US$7,7 billion). Finance minister Mthuli Ncube said preliminary outturn for the first nine months of the year indicates that revenue collected has reached ZiG156,3 billion against expenditures of ZiG151,7 billion. “On a cash basis,…
PROSPECT Resources (Prospect) is disposing of its Step Aside lithium project in Zimbabwe for US$2,2 million to Fatima Resources, with proceeds to be channelled toward exploration at its Mumbezhi copper project in Zambia. The group’s strategic focus on copper comes as lithium prices have taken a nosedive during the past two years. A share sale…
PLATINUM miner Zimplats says operational costs rose 21 percent year-on-year during the quarter ended September 30, 2025, primarily driven by employment costs and open pit mining. This comes as platinum prices improved this year following a slump in the preceding year which impacted most miners’ viability. “Total operating costs increased by 21 percent from the…
SIMBISA Brands (Simbisa)’s revenue for the current financial year ending June 30, 2026 is projected to grow by 16,5 percent to US$356,92 million, driven by store expansion and stronger delivery sales, a new report shows. In its latest earnings update, research firm Inter Horizons (IH) Securities said the anticipated upward trend in the group’s topline…
THE Zimbabwe Power Company (ZPC) awarded contracts worth US$10 million in the third quarter of 2025 to supply engineering materials, electrical components, and related services to maintain and upgrade its power generation assets. According to a contract award notice published by ZPC, at least 13 companies secured work across a range of technical supply areas.…
AFRICAN Distillers (Afdis) spent US$42,24 million on total procurement during the year ended March 31, 2025, with local supplies accounting for nearly half the total, the company said in its annual report. Afdis, which produces wines and spirits, said it spent US$19,91 million on locally sourced raw materials, packaging and services, as part of its…
THE government is now providing sovereign guarantees to power projects after the local energy regulator revealed that more than half of licenced independent producers are yet to begin operations. The shift comes as Zimbabwe faces severe power shortages affecting both industry and households. A successful independent power producers (IPPs) programme is considered vital to reducing…
EXPERTS have called for fundamental changes to lending frameworks, warning that eroded confidence in the country’s banking system continues to discourage savings and restrict access to housing finance. Speaking at the Zimbabwe Real Estate and Construction Summit, Zim Cybercity chief executive Tendai Mamvura said the banking ecosystem had been “battered so badly” that relying on…
RETAILERS have urged local authorities and business operators to swiftly implement the government’s new ease-of-doing-business reforms, warning that delays could undermine the intended benefits for the retail and wholesale sector. This push follows the streamlining of operations in the wholesale and retail sector by merging 11 fragmented local authority licences into a single unitary licence…
MAINTAINING ZiG in the deflationary path could significantly boost confidence in the local currency and facilitate economic recovery, industry says. This comes as ZiG month-on-month inflation declined to -0,4 percent in October, the third consecutive month of negative inflation and the lowest rate recorded in 2025. According to the Confederation of Zimbabwe Industries (CZI), deflation…
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