Companies and Markets Editor ZIMBABWE’S publicly listed equities reached US$8,55 billion in market capitalisation as at March 31, 2026, double the US$3,8 billion recorded in the same period last year. In its first quarter trading update, Zimbabwe Stock Exchange Holdings (ZSEH) said the ZiG exchange rate held steady at around 25,57 per US dollar, enhancing…
THE recent executive changes at Mutapa Gold Resources (MGR) will not alter the miner’s strategic direction, new chief executive Patrick Maseva-Shayawabaya has said. In an interview on the sidelines of the company’s certification of 300 artisanal miners in Chegutu last week, Maseva-Shayawayabaya said output remains targeted at 300kg of gold per month over the next…
ZIMBABWE is accelerating small and medium enterprises (SMEs) infrastructure development and funding, with nine projects nearing completion as part of ongoing efforts to integrate the sector into the mainstream economy. Speaking after a cabinet meeting Tuesday, acting Information minister Mangaliso Ndhlovu said the initiatives are aimed at boosting productivity, formalisation and job creation in the…
RIOZIM shareholders have approved a major capital raise involving asset disposals, debt restructuring and debt financing as part of an immediate business turnaround plan. At an extraordinary general meeting held on April 22, 2026, shareholders voted 100 percent in favour of all special resolutions. The Zimbabwe Stock Exchange (ZSE)-listed metal and mining company has been struggling…
THE Zimbabwe Mercantile Exchange (ZMX) expects the price of key agricultural commodities to increase in the coming weeks driven by supply constraints in staple grains. In its latest weekly bulletin to May 1, 2026, ZMX said the development has resulted in shifting bargaining power towards sellers, which is a positive development for farmers already grappling…
MIMOSA Mining Company (Mimosa)’s production slipped during the third quarter ended March 31, 2026, as intermittent power outages and challenging geological conditions weighed on operations. The platinum miner was not spared from nationwide electricity disruptions during the period which slowed operating momentum and affected processing stability. As a result, milled volumes decreased by one percent…
MUTAPA Gold Resources has intensified efforts to formalise artisanal and small-scale mining after certifying 300 miners this week, as it moves to replicate its structured mining model across key assets nationwide. The certification programme, conducted in Chegutu on Thursday in partnership with the Zimbabwe School of Mines, is part of a broader strategy by the…
THE country’s mobile network operators (MNOs) will likely face deteriorating profit margins owing to rising operational costs outpacing revenue growth, latest sectoral data shows. While financial results for MNOs capturing data for the quarter ended December 31, 2025, are yet to be released, the 2025 fourth quarter report by the Postal and Telecommunications Regulatory Authority…
AFC Holdings (AFC) has raised over US$5 million by leveraging its extensive land holdings for productive use, as it seeks to bolster capital and expand its loan book. The agricultural financier was in 2022 provided 10 000 hectares of land by the government to capitalise its operations. A further 30 000 hectares was promised. “The…
EXPERTS say estimates by the International Monetary Fund (IMF) that Zimbabwe’s economy performed better than expected in 2025, and that it grew 7,5 percent during the year, are overly optimistic. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts said the estimates…
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