ZIMBABWE’S textile and clothing industry, once a major employer, has seen capacity utilisation fall below 30 percent in some segments, as the competition watchdog proposes phased local content increases to revive the value chain. Competition and Tariff Commission (CTC) spokesperson Prosper Ziyadhuma said the sector’s decline since the 2000s has been driven by outdated machinery,…
NMBZ Holdings says strict credit management systems helped reduce non-performing loans to 3,14 percent despite growing pressure on retail borrowers, with agriculture remaining the bank’s largest lending sector. The non-performing loan (NPL) ratio is a key measure of banking sector health, reflecting the proportion of loans where borrowers have failed to meet repayment obligations over…
GENERAL Beltings (GB) Holdings says Zimbabwe’s projected six percent economic growth will drive demand in key sectors but cautioned that regional competition brought by the African Continental Free Trade Area (AfCFTA) will intensify pressure on local firms. AfCFTA, which commenced trading on January 1, 2021, created a market of about 1,2 billion people and established…
MANY Zimbabweans are still turning to counterfeit goods, often because they feel they have little choice, according to a new survey. This comes as authorities continue to struggle to curb smuggling, with police warning that the spread of counterfeit goods has become a security threat. Research by Buy Zimbabwe, working with Topline Research Solutions, shows…
NMBZ Holdings says it is facing sustained pressure on lending margins as borrowers push for cheaper loans, forcing pricing adjustments. This comes as the financier has secured more than US$185 million in credit lines and is finalising an additional US$70 million, which is expected to further support lending growth. NMBZ chief executive Gerald Gore told…
KAVANGO Resources Plc says it has secured sufficient cash reserves and funding facilities to sustain exploration and operations for at least 12 months, as it accelerates project development. Late last year, the company received US$749 149 under tranche two of its share subscription with Comarton Pension Fund. While part of the funds was received before…
DIESEL consumption increased by 20 percent, while petrol consumption declined by six percent in the first quarter of 2026 amid rising pump prices owing to the Middle East crisis, according to data from the Zimbabwe Energy Regulatory Authority (Zera). This comes as the government has implemented deeper levy reductions on diesel than on petrol, while…
ZIMBABWE’S small-scale gold mining sector is limping despite rising global prices, as policy inconsistencies, high operating costs, and the poorly implemented ZiG currency threaten to choke producers. The Financial Gazette’s Almot Maqolo (AM) spoke to Junior Chamber of Mines Secretary General Dosman Mangisi (DM), who warned that unpredictable policies, a sharp rise in diesel costs, and a…
CHINA’S ambassador to Zimbabwe says bilateral trade between the two countries reached a record high US$4,4 billion last year, highlighting deepening economic ties as Beijing moves to eliminate tariffs on…
DAIRIBORD Holdings (Dairibord) profit margins this year are expected to be severely under pressure from rising operational costs offsetting improved revenue flows, investment analysts, Inter Horizons (IH) Securities says. The dairy products processor recorded an eight percent year-on-year improvement in revenue to US$137,4 million for the year ended December 31, 2025, on volume growth. In…
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