THE government has called on the banking sector to review charges to ensure that financial services remain affordable, supporting the national goal of lowering the cost of doing business. In his 2026 national budget, Finance minister Mthuli Ncube said that banks have strayed from their conventional role of facilitating financial intermediation to promote economic growth.…
ZIMBABWE’s tourism sector is projected to grow by 3,1 percent in 2026, boosted by rising arrivals from key source markets, Finance minister Mthuli Ncube has said. The sector is already expanding, supported by increased international and domestic travel and strengthened by significant government investment. “International tourist arrivals are forecasted to reach 1,87 million, up from…
THE World Bank has commended the Zimbabwean government for sustaining the prevailing macroeconomic stability, describing it as a positive step in the ongoing debt resolution process. Zimbabwe is actively seeking to eradicate its debt stock through an arrears clearance and debt resolution process, which involves the implementation of economic and governance reforms as well as…
ZIMRE Holdings (Zimre) says it remains committed to maintaining and building foreign investments that leverage on regional integration and trade policies. The group said it is actively pursuing a capital raise for its reinsurance subsidiary, Emeritus International Reinsurance, as the centrepiece of its strategy to boost its continental presence. “As we close 2025, the group…
MASHONALAND Holdings (Mash Holdings) is gearing towards fully commercialising its completed projects to increase profitability and unlock more value for its shareholders. This comes after the property firm reported a 16 percent increase in revenue to US$6 million for the nine months to September 30, 2025, driven by the Greendale cluster stand sales and new…
NMBZ’s business reengineering exercise significantly eroded profit margins during the third quarter ended September 30, 2025, after once-off expenses propelled operating costs by 70 percent year-on-year to ZiG1,1 billion. The group redesigned its business processes from the ground up to achieve improvements in operational performance. In its latest trading update, the diversified financial services provider…
CIMAS says Zimbabwe must strengthen health insurance regulations to expand coverage and restore public confidence in the sector. Medical insurance uptake remains low, largely because economic hardships make premiums unaffordable for most households. A lack of trust in insurers, poor service delivery, fraud, and fears that claims will not be honoured have further discouraged many…
THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says it is waiting for approval from the relevant authorities to implement the proposed commodities exchange. The commodities exchange for minerals is a specialised marketplace where standardised contracts for raw and refined metals and minerals are traded. MMCZ general manager Nomusa Moyo told The Financial Gazette that the…
DANDEMUTANDE has urged companies to adopt Software-Defined Wide Area Network (SD-WAN) solutions, saying they reduce costs and strengthen security. The SD-WAN cloud network, offered by Dandemutande in partnership with Redvine Networks, manages multiple internet connections at the same time. “The benefit to the business is that you have lower latency, you are reducing jitters and…
AFRICAN Sun posted a four percentage points decrease in occupancy to 64 percent during the third quarter ended September 30, 2025 attributed to reduced spending by non-governmental organisations (NGOs) and the government. Traditionally, both the government and the NGO sector have been major contributors to the local hospitality industry by hosting and sponsoring strategic workshops…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More