THE insurance and pensions sector requires more changes and enhanced investment transparency to restore public trust following decades of turmoil, experts have urged. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts noted this week that the sector’s persisting credibility crisis stemmed…
REGIONAL Customs Transit Guarantee Scheme (RCTGS) has improved the movement of commercial vehicles across member countries by reducing delays and simplifying customs procedures, Comesa has said. The RCTGS facilitates the movement of goods across participating countries under a single customs transit guarantee, eliminating the need for separate national guarantees as goods pass through different territories.…
STANBIC Bank channelled 93 percent of its procurement spending to local suppliers in 2025, supporting about 764 domestic businesses as the lender steps up efforts to promote local enterprise development and sustainable economic growth. This is double the 366 business local suppliers it supported the prior year. The procurement drive forms part of the bank’s…
PPC Zimbabwe posted stronger earnings margin during the five months ended August 31, 2026, as improved plant reliability, higher clinker production and resilient cement demand continues to drive its operational turnaround. In a trading update, its parent company, PPC Limited, said the Zimbabwean operation saw earnings before interest, taxes, depreciation and amortisation (EBITDA) improve to…
NEW coal and chrome export markets are set to boost mineral sales and generate additional foreign currency earnings for the country, authorities have said. Minerals Marketing Corporation of Zimbabwe (MMCZ) general manager Nomusa Moyo said the new markets would expand the country’s customer base and create opportunities to increase export revenue. “We have already made…
HIPPO Valley Estates (Hippo Valley) reduced coal consumption by 77 percent in the year ended March 2026 as the sugar producer increased its reliance on bagasse to generate electricity. In its 2026 annual report, the company said coal consumption fell to 2 933 tonnes from 12 646 tonnes in the previous year. “Reduced coal usage…
ZECO Holdings (Zeco) is banking on new contracts, rental income and tighter cost management to improve its operating prospects and return to profitability. The group, which mainly specialises in steel fabrication and installation, faces material uncertainties over its ability to continue as a going concern after it struggled to convert a sharp revenue increase into…
LITHIUM producers have urged the government to reduce their tax burden to promote value addition and increase export earnings from the sector. In an interview with The Financial Gazette, Prospect Lithium Zimbabwe (PLZ) public relations manager Patience Chizodza said lower taxes on processed lithium products would help establish domestic refining capacity and create jobs. “This…
THE government is set to introduce power-sharing agreements and long-term concessions to attract private investment in electricity transmission and distribution infrastructure, as it seeks to improve supply and reduce power shortages. The strategy aims to harness about 1 500 megawatts of privately-generated electricity. In its October 2026 newsletter, the Energy Forum for Africa said the…
BIKITA Minerals (Bikita) is targeting the second quarter of next year to complete its US$400 million lithium sulphate plant as it accelerates investment in beneficiation to capture greater value from its mineral resources. Bikita Minerals technical vice general manager Thomas Mufumi said the investment formed part of a broader strategy to expand mineral processing and…
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