THE Zimbabwe Investment and Development Agency (Zida) recorded a 2 406 percent surge in domestic direct investment to US$102,38 million for the first quarter of 2026 from US$4,08 million the previous year, signalling a strong shift toward local participation and joint venture arrangements. Domestic investors still face challenges such as high regulatory costs, policy inconsistency…
Mishma Chakanyuka REVITUS Real Estate Investment Trust (Revitus REIT) will begin renovations of its Chester House property in Harare in the second half of 2026, as it moves to convert it into a three-star hotel to enhance portfolio returns. In a statement accompanying its financial results for the year ended December 31, 2025, the REIT,…
ARISTON Holdings (Ariston) is engaging international macadamia buyers to secure forward contracts that improve revenue visibility and boost foreign currency inflows, as global demand remains firm. Forward contracts for macadamia nuts in Zimbabwe are commonly used by exporters as a ‘price hedge’ mechanism to secure long-term sales. This would allow the company to lock in…
FIRST Capital Bank has finalised the disposal of its 50 percent stake in Makasa Sun, which owns the Makasa Sun Hotel, formerly Kingdom Hotel in Victoria Falls, to ASB Hospitality. Last year, the bank and its co-shareholder First Capital Bank Pension Fund, which each held a 50 percent stake, announced that they had agreed to…
THE government has signed an agreement with Japan under an economic and social development programme, securing US$2,6 million to procure agricultural equipment for rice production. Rice consumption in Zimbabwe has surged over the past decade, as consumers turn to it as an affordable, easy-to-cook alternative to traditional maize. This shift has prompted the government to…
THE Zimbabwe Investment and Development Agency (Zida) issued 146 new licences in the first quarter of 2026, down 32,2 percent year-on-year, as stricter regulations and seasonal factors slowed approvals, particularly in reserved sectors. The decline in new licences is from a prior comparative period of 214 licenses. “During the quarter under review, the agency recorded…
FIRST Mutual Holdings (FMH) says it is working on deploying container-based facilities across the country to provide the informal sector with access to health coverage. Health insurance coverage for Zimbabwe’s burgeoning informal sector remains severely limited, with fewer than 10 percent of the total population, mostly those in formal employment, having private cover. Resultantly, informal…
EDGARS Stores’ manufacturing unit, Carousel, grew units supplied to retail chains by 47 percent to 448 000 during the 52 weeks, which ended on January 4, 2026, as investment in internal production paid off. The group wants to control the inventory supply chain by equipping its Bulawayo-based manufacturing unit having previously encountered disruptions from external…
MORE than 80 percent of property transactions in Zimbabwe were conducted in cash during the first quarter of 2026, underscoring constrained mortgage availability, First Mutual Wealth (FMW) has said. Mortgage availability in Zimbabwe remains limited, largely catering to formally employed individuals and the diaspora. Lenders continue to favour US dollar-denominated loans over local currency facilities…
ZIMBABWE posted a 26 percent increase in cotton production to 77 212 metric tonnes in the 2025/2026 farming season, compared to the previous season of 61 289 metric tonnes, attributable to improved delivery payments. Cotton is a vital crop in Zimbabwe’s agricultural sector, acting as the second-highest export earner after tobacco and supporting over 400,000…
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