Kudzanai Gerede, Companies and Market Editor, Author at The Financial Gazette

TN Cybertech raises US$3,8m through tokenisation

Kudzanai Gerede, Companies and Market EditorSeptember 11, 20260216 views

TN CYBERTECH Bank raised US$3,8 million through the tokenisation of ‘illiquid’ 150 Fairview Estate residential properties in Ruwa, marking one of the most innovative investment models in Zimbabwe’s property and fintech space. The tokenisation, which was conceptualised late last year by the bank, also reflects the growing appetite for digitally-administered investment products in the market.…

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‘Harness innovation to tackle jobs crisis’

Kudzanai Gerede, Companies and Market EditorSeptember 10, 20260333 views

ZIMBABWE must harness innovation and entrepreneurship to tackle the employment crisis, Youth minister Tino Machakaire has said. Machakaire said the government could not address unemployment alone, urging businesses, communities and other stakeholders to work together to create an environment in which young innovators could develop and commercialise their ideas. Machakaire said this during the recent…

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SMEAZ hails e-hailing regulation reforms

Kudzanai Gerede, Companies and Market EditorSeptember 10, 20260283 views

SMALL and Medium Enterprises Association of Zimbabwe (SMEAZ) chief executive Farai Mutambanengwe has applauded the government’s move to regulate the country’s e-hailing transport operators. This comes as the government introduced a five-month moratorium to allow for a review of existing requirements and develop a new regulatory framework for e-hailing services. The review will cover platforms…

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Zimbabwe could miss 2030 target: World Bank

Kudzanai Gerede, Companies and Market EditorSeptember 10, 20260340 views

THE World Bank says Zimbabwe needs to implement urgent structural reforms and achieve annual economic growth of at least seven percent to attain an upper-middle-income status by 2030. In its Zimbabwe Growth and Jobs Report released in Harare on Friday, the Washington DC-based financial institution said the current macroeconomic stability in the country presented a…

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Investment gains lift insurer’s (Old Mutual) profit

Kudzanai Gerede, Companies and Market EditorSeptember 6, 20260667 views

STRONG investment gains propelled Old Mutual Zimbabwe (Old Mutual)’s profit after tax to US$47,97 million in the half year ended June 30, 2026, as improved market performance boosted earnings across the group. Profit after tax surged 388 percent from US$9,83 million recorded in the prior comparative period, with the sharp increase reflecting a significant improvement…

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SuccessBank profit surge

Kudzanai Gerede, Companies and Market EditorSeptember 4, 202601.1K views

SUCCESSBANK’s profit after tax reached ZiG41, 99 million in the six months to June 30, 2026, up 542 percent from ZiG6,54 million realised comparable period prior year supported by growth in core banking activities. The deposit-taking micro-lender also benefitted from a diversified revenue base. Fees and commissions income jumped 75 percent to ZiG55 million, providing…

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Banks’ earnings resilient to fee cuts

Kudzanai Gerede, Companies and Market EditorSeptember 3, 20260478 views

LISTED banks’ earnings were resilient during the first half of 2026 despite sweeping cuts in banking charges introduced earlier this year. Recently published half-year financial results suggest that earnings momentum has been driven primarily by higher transaction volumes, greater digital banking adoption and broader product offerings, defying earlier concerns that bank fee cuts could weigh…

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FMB Capital PAT up 18pct

Kudzanai Gerede, Companies and Market EditorSeptember 3, 20260580 views

FMB Capital Holdings (FMBCH) posted an 18 percent year-on-year growth in profit after tax (PAT) during the six months ended June 30, 2026, to US$86,3 million driven by growth in consumer lending across operating markets. The Mauritius-headquartered pan-African lender with a 52,49 percent controlling stake in Zimbabwe’s First Capital Bank also attributed the positive performance…

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AI, skills take centre stage at Top Companies

Kudzanai Gerede, Companies and Market EditorSeptember 3, 20260458 views

THE growing adoption of artificial intelligence (AI) by Zimbabwean companies will come under the spotlight at this year’s Top Companies Survey Awards, with organisers calling for enhanced investment in technology and human skills. Conducted annually by the iconic business and financial weekly newspaper, The Financial Gazette, in partnership with financial services giant, Old Mutual Zimbabwe,…

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El Niño threatens agro stocks, markets

Kudzanai Gerede, Companies and Market EditorAugust 30, 20260819 views

THE El Niño-induced drought expected during the 2026/2027 agricultural season could scorch agricultural stocks and commodity markets, amid a high likelihood of lower production, tighter supplies and rising prices, analysts say. For agro-counters on the local capital markets, the effects of the drought are expected to cascade across the entire agricultural value chain. Investment analyst…

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