INNSCOR Africa (Innscor) says the 0,5 percent increase in value-added tax starting next month is inflationary and has the potential to hurt businesses by impacting consumer purchasing power. This comes as Finance minister Mthuli Ncube, in his 2026 national budget statement last month, proposed several tax changes aimed at boosting public coffers. The standard value…
ZIMBABWE’S electricity generation rose by six percent in the third quarter of 2025, driven by stronger output at the country’s main thermal plant and improved performance at hydro facilities, according to the latest data. The southern African nation recorded an improved power supply during the period, resulting in fewer hours of load-shedding. In previous years,…
NMB Bank (NMB) says its US$15 million agrobond is attracting firm demand from local farmers during the current summer cropping season and expects it to be fully disbursed by mid next month. The bank recently secured a five-year US$15 million agrobond, which was privately placed with a European fund, earmarked for supporting the agriculture sector.…
BUSINESSES say the local currency has delivered short-term gains in stability and planning, as many remain sceptical about its durability over the long run, according to a 2025 survey by the Zimbabwe National Chamber of Commerce (ZNCC). This assessment comes as Zimbabwe steadily builds its foreign currency reserves to support the ZiG currency, introduced in…
VICTORIA Falls heads into the 2025 festive season with steady hotel bookings, although the resort is unlikely to achieve the full occupancy levels it has traditionally enjoyed. The peak festive period runs from 22 December to 2 January and has historically been driven largely by local travellers, particularly around Christmas. Hospitality Association of Zimbabwe (HAZ)…
THE country’s dairy industry recorded strong growth in 2025, but farmers warn that the sector’s long-term viability remains under threat as producer prices continue to lag behind rising production costs. Milk output surged to a record 10,7 million litres in October, lifting cumulative production to 99,6 million litres by the end of that month. The…
ZIMBABWE is losing as much as US$9 billion each year by exporting raw tobacco instead of processing it locally, a senior government official has warned. The country’s tobacco sector has hit a historic peak, producing a record 354,9 million kilogrammes this year, earning growers more than US$1 billion. Addressing stakeholders at the Zimbabwe Agricultural Society…
NATIONAL Tyre Services (NTS) anticipates resuming direct procurement of budget tyre brands from China and implementing strategic cost reductions to restore the company’s profitability by the end of next year. Last year, the group announced it had restarted sourcing budget tyres from China in response to increasing competition from informal players, which was eroding its…
THE government is calling for increased private bank investment into agriculture, the nation’s economic backbone, while scaling up finance schemes to mitigate lending risks. Speaking at the launch of the…
ZIMBABWE expects a new, lower yield curve for its gold-backed ZiG currency to take shape in 2026 as inflation falls sharply, with a pivotal bond-auction system scheduled to begin in January. A yield curve plots interest rates on government bonds of varying maturity, showing how short-term and long-term borrowing costs relate within an economy. Presenting…
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