BAKER Tilly says it is confident that the Zimbabwe Revenue Authority (Zimra) will meet its 2026 revenue collection target of US$9,4 billion. The government has set a total revenue target of ZiG288 billion this year, equivalent to approximately US$9,4 billion, representing 16,9 percent of gross domestic product (GDP). This target forms part of a near-balanced…
ECONET Wireless Zimbabwe (Econet) says its mobile money platform, EcoCash, registered a 36 percent increase in transaction volumes during the third quarter to November 30, 2025, supported by improved wallet funding. During the period under review, EcoCash registered a growth of 28 percent in customer activity as wallet funding soared 91 percent compared to the…
WILLDALE’S plant utilisation was at 40 percent during the year ended September 30, 2025, due to working capital constraints that disrupted raw material supply and impacted maintenance work. The brick-making concern’s plant utilisation prior year stood at 62 percent reflecting the impact of limited cash flow into the business, which dragged throughput and overall operational…
INDEPENDENT accounting and business advisory firm Baker Tilly has welcomed the government’s decision to reduce the Intermediate Money Transfer Tax (IMTT) while increasing Value Added Tax (VAT), saying the measures will benefit ordinary citizens. Effective January 1, 2026, Zimbabwe’s IMTT on ZiG-denominated transactions was reduced to 1,5 percent, while the standard VAT rate increased from…
AMALGAMATED Regional Trading (ART) Holdings is strategically repositioning the retail footprint of its energy storage unit, Chloride Zimbabwe, by transitioning from reliance on franchised outlets to establishing more company-owned shops. This shift aims to enhance market control, improve customer experience, and drive sustainable growth amidst evolving industry dynamics. The move reflects the company’s commitment to…
THE Zimbabwe Investment Development Agency (ZIDA) says proposed investment value fell to US$1,18 billion in the fourth quarter ended December 31, 2025, from US$4,59 billion in the corresponding period in 2024. In its fourth-quarter report, ZIDA chief executive Tafadzwa Chinamo said the decline largely reflected the absence of large, capital-intensive projects that had boosted figures…
SUGAR producer Hippo Valley Estates (Hippo Valley) is optimistic about prospects in the export market following relative stability in Mozambique, a crucial trade route, which was disrupted by prolonged post-election violence in 2024. The skirmishes continued into early 2025, impacting businesses, mainly at the sea ports which link landlocked Zimbabwe with international markets. As a…
THE Insurance and Pensions Commission (Ipec) has urged the pensions industry to move away from passive capital preservation and focus on generating real returns through active management and strategic diversification. In Zimbabwe, passive capital preservation is centred on protecting retirement savings from high inflation and currency depreciation, a necessary response after pension funds lost significant…
THE country recorded a 5,7 percent decline in imports, according to data from the Zimbabwe Statistics Agency (ZimStats). This comes as the import figures went down to US$955,8 million in November 2025, from US$1,01 billion in October 2025. Import patterns shifted over the course of 2025, with early-year declines reflecting the government’s push to strengthen…
THARISA has committed an additional US$20 million into its Karo platinum project in Zimbabwe through a commodity-linked notes debt facility from Arxo Finance. The Cyprus-based integrated resources group has a 79 percent stake in Karo Mining Holdings (Karo), the project owners. As part of its funding strategy for the US$499 million platinum project, Tharisa has…
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