BANCABC reported a 48,9 percent year-on-year increase in loan book to ZiG2,2 billion for the year ended December 31, 2025, from ZiG1,5 billion in the prior year, driven by increased credit demand across all sectors of the economy. The bank benefited from robust deposit growth and stable funding sources. Net interest income after credit loss…
ZIMBABWE risks squandering its potential to become an industrial powerhouse due to a persistent disconnect between the country’s universities and its ageing industrial sector, an official said. The concerns were raised during a conference focused on boosting local procurement and manufacturing. Speaker of Parliament Jacob Mudenda highlighted policymakers’ concern over a disconnect between education and…
ZIMBABWE’s diamonds have earned a high-level quality endorsement from the Dubai Multi Commodities Centre following the successful shipment of more than 500 000 carats of precious stones to the United…
THE minister of Agriculture, Anxious Masuka, says the government owes farmers over US$4 million, and plans are underway to settle the debt. Addressing a post-Cabinet media briefing in Harare on Tuesday night, Masuka said his ministry was expecting to receive the funds from the Treasury. “As owed to farmers, being the ZiG90 million and US$4,1…
By Simbarashe Hamudi THE Zimbabwe Revenue Authority (Zimra) has continued to sharpen its focus on how businesses report cross-border dealings and related-party transactions, underscoring the central role of transfer pricing…
BRICKMAKER Willdale reduced its local procurement by 6,5 percent in 2025 as it adopted green purchasing practices aimed at lowering the environmental impact of its supply chain. The company spent US$2,07 million on 149 local suppliers in 2025, down from US$2,2 million on 595 suppliers in 2024, reflecting a deliberate shift toward fewer, sustainability-compliant partners.…
By Memory Nguwi MOST people who work in human resources have heard of the Paterson Job Evaluation System. Far fewer have heard of Castellion. That is surprising, because the Castellion…
THE government has moved to reduce the cost of doing business by cutting licences, permits, levies and fees across key sectors of the economy, including financial services, manufacturing and health. The reforms are expected to ease operational costs for businesses and improve compliance by simplifying regulatory processes. Addressing a post-Cabinet media briefing in Harare last…
By Ntando Thukwana, Bloomberg The Iran war has clouded the outlook for the South African economy, which had entered its longest period of economic expansion since 2018, the country’s central bank…
AFRICAN Banking Corporation (BancABC) reported a profit after tax of ZiG193,9 million for the year ended December 31, 2025, rebounding from a ZiG474,5 million loss in the prior year, driven by higher transactional volumes and diversification efforts. The bank embarked on a robust customer acquisition and market expansion drive underpinned by improved service accessibility through…
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