ZIMBABWE is prioritising policy reforms and innovative financing to attract investment into solar power, while leveraging its lithium reserves to enhance its role in renewable energy storage. This comes as the country is yet to fully harness its renewable energy potential, including solar and wind power, which could offer a sustainable and reliable source of…
AXIA Corporation (Axia) is pursuing expansion into new regional markets as part of its growth strategy, aiming to capitalise on emerging economic opportunities. The group, which owns TV Sales & Home (TVSH) and Transerv, already has a regional footprint through its distribution and logistics subsidiary, Distribution Group Africa (DGA), which operates in Zimbabwe, Zambia and…
KUVIMBA Mining House (KMH) says it has so far spent about US$3 million to extend the operational lifespan of its three gold mines. Kuvimba’s gold cluster comprises Freda Rebecca Gold Mine, Shamva Gold Mines and Jena Mines. Freda currently has a mine life of about five years. The primary goal is to extend the mine’s…
THE Civil Aviation Authority of Zimbabwe (CAAZ) says a new round of international air-service negotiations has laid the groundwork for attracting more airlines and cutting operating costs as the country works to make its aviation sector more competitive. Soaring operational expenses, fuel prices, airport charges and currency instability continue to squeeze the industry, driving up…
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) director general, Gift Machengete, was awarded the CEO of the Year – Regulatory Category at the CEO Africa Roundtable Annual Awards. CEO Africa Roundtable said the award recognises his significant contributions to the sector through his role at the helm of the nation’s telecommunications regulator. “We…
ZIMPLOW Holdings (Zimplow) reported a marked increase in high-value machinery sales during the third quarter of 2025, thanks to improved access to credit by its clients. This comes as the credit market has gradually improved recently, with most banks channelling financing toward productive sectors. This has brought some welcome relief to cash-strapped businesses seeking to…
ZIMBABWE’S digital payment activity rose in September, with transaction values up 17 percent to ZiG239,91 billion and volumes inching up one percent to 72,19 million, according to central bank data. The surge reflects the growing acceptance of digital transactions across the economy. Real-Time Gross Settlement System (RTGS) values increased 21 percent from ZiG109,47 billion in…
FBC Holdings (FBC) says it is prudently expanding its loan book to minimise risks in a liquidity-tight market after loans and advances reached ZiG10,5 billion in the nine months to September 30, 2025. This comes as the domestic economy has witnessed an increase in appetite for credit at a time some financiers are reluctant to…
DAIRY farmers must produce more than 37 million litres of milk by end of this year to meet a government target, a goal that now looks unlikely after output for the first 10 months reached just 99,64 million litres, official data shows. Treasury expected total production to hit 137 million litres this year, to make…
THE Consumer Council of Zimbabwe (CCZ) is preparing to launch a mobile phone-based platform that will allow shoppers to verify product authenticity instantly, an important step in tackling counterfeit and substandard goods. Zimbabwe has recorded a surge in fake products, ranging from food and beverages to household items, many of which are illegally imported or…
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