THE government has identified potential sites capable of generating more than 500 megawatts of wind energy as Zimbabwe intensifies its shift toward cleaner power sources. Zimbabwe is expanding its renewable energy sector and aims to reach 2 100MW of capacity by 2030. Wind energy is emerging as a key investment area alongside solar and hydropower.…
THE National Building Society (NBS) recorded a 44 percent surge in core capital to US$57 million for the year ended December 31, 2025, driven by retained earnings and a capital injection from its shareholder, the National Social Security Authority (Nssa). The core capital position remains well above the Reserve Bank of Zimbabwe’s regulatory minimum of…
TN CYBERTECH Investments Holdings (TN CyberTech) recorded a 332 percent surge in cash withdrawal income in the 10 months to December 31, 2025, driven by continued innovation and expansion of its ATM network. The strong performance comes as the bank accelerates the rollout of its smart ATM infrastructure as part of a broader strategy to…
PROPLASTICS has warned that a Treasury directive to pay suppliers exclusively in ZiG will exert pressure on its value chain and broader currency stability. The policy seeks to entrench the use of the local currency, tighten public spending controls and ensure value for money. “The continued alignment of fiscal and monetary policies on this matter,…
THE dairy sector offers lucrative opportunities for Indian investment in mechanisation, value addition and renewable energy, the Zimbabwe Association of Dairy Farmers (ZADF) says. A persistent supply-demand gap continues to drive foreign investor interest, with annual milk demand of about 130 million litres consistently outstripping local production. Significant opportunities also lie in processing milk into…
CBZ Holdings’ total income increased to ZiG5,73 billion for the year ended December 31, 2025, up from ZiG4,11 billion in the prior year, reflecting continued growth in both funded and non-funded income streams. The increase comes as non-funded income, driven by digital platform transaction volumes and fees, remains the primary revenue driver for banks in…
SHAREHOLDERS of CFI Holdings (CFI) have raised concern over the prolonged use of acting roles, which has seen some senior managers holding interim positions for as long as nine years. The concerns were raised at the group’s annual general meeting last week Thursday, where investors questioned the continued lack of substantive appointments in key leadership…
FBC Holdings (FBC) posted a US$30.4 million profit for the year ended December 31, 2025, up 70 percent from US$17.9 million in 2024, attributable mainly to growth in non-interest income. The diversified financial services group’s topline was also bolstered by a positive insurance service result of US$4,15 million, overturning the previous year’s loss position of…
THE government says it intends to move beyond signing memoranda of understanding (MoUs) with India and begin converting them into tangible, bankable projects, warning that many agreements remain unimplemented. The push comes as trade ties between the two countries continue to strengthen with bilateral trade reaching about US$260 million, while Indian investments in Zimbabwe exceeded…
PPC Zimbabwe (PPC) recorded a 22 percent increase in cement volumes for the 10 months to December 31, 2025, underpinned by sustained strong demand from both industrial and retail customers. The performance reflects firm activity in the domestic construction sector, which continues to support growth in cement consumption. In a trading update, PPC Limited, the…
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