FIRST Mutual Properties (FMP) says it is prioritising a ‘retail-first rollout’ for its 24-hectare Golden Stairs project in Mount Pleasant, aiming to unlock quick cash flows from key commercial units. This comes as the country’s property sector is experiencing firm demand for retail space amid relative macroeconomic stability, although net incomes remain under pressure from…
ZIMRE Holdings (ZimRe) will break ground on a new Victoria Falls hotel within the next three months as part of an US$80 million property investment pipeline, the company’s chief executive Stanley Kudenga has said. The Victoria Falls development, expected to cost about US$59 million, will anchor the investment drive and form part of a multi-use…
ZIMBABWE’S microfinance sector’s portfolio at risk increased to 10,68 percent as at December 31, 2025, from 10,53 percent in June of the same year, reflecting elevated credit risk, latest data shows. The figure remains more than double the international benchmark of five percent. “Over indebtedness on the part of the microfinance clients and weak credit…
ZIMBABWE’s air traffic recorded strong growth in the first quarter of 2026, reflecting a sustained recovery in travel demand, rising tourism inflows, and improving international connectivity. Latest data from the Civil Aviation Authority of Zimbabwe (CAAZ) show that total passenger numbers across the country’s airports rose 11,6 percent to 559 240 between January and March,…
ZIMBABWE’s formal retail sector continues to grapple with major challenges, as deep-seated structural issues and policy inconsistencies keep pushing consumers towards the booming informal market. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — analysts said this week that although the outlook for the…
NMBZ Holdings (NMBZ) says core interest income now contributes about 30 percent of total revenue, underpinned by expanding lending activity supported by new credit lines The bank is increasing its focus on export-oriented sectors as it strengthens its funding pipeline and deploys capital into productive industries such as agriculture, mining and horticulture. NMBZ chief executive…
AUTHORITIES have warned that the country’s economic outlook faces mounting risks if the Middle East conflict persists, citing potential strain on public finances, rising inflationary pressures and slower growth. Zimbabwe, which relies heavily on imported fuel, remains increasingly exposed to global oil market disruptions triggered by escalating tensions involving the United States of America, Israel…
CBZ AgroYield has set aside US$10 million towards the 2026 winter wheat programme in addition to a US$15 million investment in the 2025/26 summer cropping season, reinforcing its growing role in agricultural financing. The unit, which transitioned from a government-backed command agriculture model to a private sector-driven operation in 2022, has since evolved into a…
ZIMBABWE’S digital payment transactions declined by 25 percent from ZiG275,38 billion in December 2025 to ZiG206,98 billion in January this year, according to latest figures. Data released by the Reserve Bank of Zimbabwe (RBZ) reveals that activity across payment platforms weakened during the review period. Accordingly, transaction volumes declined by 10 percent from 84,23 million…
ZIMPLOW Holdings (Zimplow) has reopened discussions with prospective buyers for a US$3,2 million Harare property after terminating an earlier sale agreement approved by shareholders. The move forms part of the group’s strategy to recycle capital from non-core assets into higher-return operational investments. The Victoria Falls Stock Exchange-listed company had previously entered into an agreement with…
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