LEADING automotive dealer CFAO Mobility is seeking to expand Suzuki’s presence in the local market with the launch of the new Suzuki Across mild-hybrid SUV, targeting consumers looking for affordable premium vehicles. The company says the launch of the Suzuki Across, which retails at US$34 000, forms part of a broader strategy to strengthen the…
OLD Mutual Zimbabwe (Old Mutual) is set to migrate its secondary listing from the Zimbabwe Stock Exchange (ZSE) to the Victoria Falls Stock Exchange (VFEX), six years after trading in its shares was suspended, the company has said. The migration, which remains subject to regulatory approvals, is expected to restore a formal trading platform for…
FINANCE minister Mthuli Ncube’s upcoming mid-term budget review should prioritise the implementation of current policies rather than the introduction of new frameworks, experts say. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts underlined this week that emphasising the execution of existing…
ZIMBABWE has reached a staff-level agreement with the International Monetary Fund (IMF) on the first review of its 10-month Staff-Monitored Programme (SMP) after meeting nearly all reform targets through March 2026. The agreement, announced by the IMF this Tuesday following a mission to Harare last month, marks a significant milestone in the country’s efforts to…
ESCALATING freight prices, expensive financing and higher production costs are threatening to erode gains in the country’s horticulture industry, the Horticultural Development Council (HDC) has said. The sector is entering the 2026 export season on a positive note after Zimbabwe completed the export protocols required to access the Chinese market for blueberries, opening one of…
ZIMBABWE’s gold deliveries surged to their highest monthly level this year in June, driven by record output from small-scale miners, strengthening prospects for export earnings and foreign currency inflows. Latest figures from Fidelity Gold Refinery, the country’ sole gold buyer, show that purchases climbed to 4,81 tonnes in June, up 21,7 percent from 3,95 tonnes…
TREASURY should create stronger demand for the local currency through tax policy changes in the mid-term budget review expected later this month in order to accelerate the transition to a mono-currency system, Africa Economic Development Strategies (AEDS) executive director Gift Mugano has said. This comes as the current level of dollarisation continues to undermine efforts…
AVANTIS Technologies Manufacturing is positioning itself to become one of Africa’s leading artificial intelligence companies through a phased investment strategy that prioritises commercial AI solutions, proprietary technologies and local datasets for global growth. The strategy, which will be implemented through its subsidiary Avantis AI, focuses on building profitable AI products in the near term before…
ZIMBABWE’s foreign currency earnings are expected to reach US$20 billion this year, a 23 percent increase from the US$16,2 billion realised in 2025. Harare-based think tank, Africa Economic Development Strategies (AEDS), also says Zimbabwe’s foreign currency earnings will likely hit US$25 billion at the end of next year. Speaking at AEDS’ mid-term economic review and…
ZIMPLATS will commission a 45-megawatt (MW) solar power plant next month as it moves to secure reliable electricity supply and support the government’s mineral beneficiation agenda, chief executive, Alex Mhembere, has said. The new facility follows the commissioning of a 35MW solar plant last year and forms part of a US$200 million investment programme aimed…
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