THE government has urged industry to adopt energy-efficient products and invest in local energy solutions to cushion the economy against global shocks and rising fuel costs. This comes amid escalating tensions in the Middle East, which have pushed oil prices to about US$120 per barrel, triggering increases in local fuel prices. Speaking at a dialogue…
TIGERE Real Estate Investment Trust (REIT) is set to acquire four additional real estate assets this year in addition to planned redevelopments at Highland Park as it accelerates its property portfolio expansion strategy. The REIT is targeting to grow its net asset value to US$100 million by the end of this year from US$59,3 million…
UNIFREIGHT Africa (Unifreight)’s total income reached ZiG1,3 billion during the period ended December 31, 2025, up 75 percent from ZiG 743 million in the prior year, driven by growth in the logistics business and expansion across regional trade corridors. The transport and logistics firm reported rising contributions from its cross-border operations and fourth-party logistics (4PL)…
RISING investor appetite for inflation-hedged assets, alongside improved infrastructure development, is driving demand in the property sector, a new report shows. Zimbabwe introduced Real Estate Investment Trusts (REITs) in 2020 to deepen capital markets and expand property investment options. The country now has four listed REITs: Tigere Property Fund and Revitus on the ZSE, and…
ZIMBABWEAN farmers are projecting lower margins this agricultural marketing season due to high production costs and the lingering effects of the El Niño-induced drought. This comes as the Zimbabwe Mercantile Exchange (ZMX) held its inaugural auction last week, with opening reserve prices set at US$360 per tonne for white and yellow maize. Speaking to The…
CABINET has approved Zimbabwe’s National Formalisation Strategy, a policy aimed at integrating small businesses in the informal sector into the mainstream economy. Small and medium enterprises (SMEs) continue to operate outside the formal system, largely due to barriers such as high licensing fees and taxes associated with compliance. In a post-Cabinet media briefing, Minister of…
CABS is ramping up support for Zimbabwe’s productive sectors through expanded credit lines and targeted funding schemes, as it aligns with government efforts to improve access to capital. In 2025, the bank secured lines of credit from developmental partners, closing the period with a total facility limit of US$162,7 million. In a statement accompanying financial…
AFRICAN Century Limited (ACL) reported an 83 percent surge in deposits to ZiG221,1 million for the year ended December 31, 2025, up from ZiG120,5 million the previous year, attributed to a growing customer base and a strategic shift to digital services. The financial institution said the growth in deposits and income streams was supported by…
THE Zimbabwe Mercantile Exchange (ZMX) says its partnership with three financial institutions for the 2025-26 marketing season will boost uptake of the warehouse receipt system and improve farmers’ access to capital from formal banks. The system allows farmers to deposit produce at certified warehouses and receive a tradable receipt, which they can use as collateral…
FIRST Capital Bank (FCB) added over 60 000 individual accounts to its existing 605 561 in 2025, driven by a robust customer acquisition strategy and market-tailored financial solutions. In addition, the bank established more than 1 000 new corporate relationships during the year, which saw customer deposits growing by 12 percent to US$200 million for…
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