THE Small and Medium Enterprises Development Corporation (SMEDCO) plans to disburse US$10 million in loans to the small and medium-sized enterprise (SME) sector this year after achieving 95 percent of its lending target in the first half of 2026. The lending target comes as the government seeks to improve access to finance for micro, small…
ZIMBABWE’S Finance ministry has strongly warned creditors and suppliers from hiring third parties and consultants to pursue their debts, as authorities move to stave off undue pressure and possible extortion.…
CAFCA Limited (Cafca) reported an eight percent uptick in exports during the nine months to June 30, 2026, mainly driven by a stable monetary environment in the domestic economy which improved trading conditions. The cables manufacturer last year recalibrated its regional strategy, pivoting toward direct business-to-business (B2B) sales as it sought to revive export earnings,…
MEIKLES Limited (Meikles) is planning to expand its supermarket network in the coming financial year in a push to grow revenue and reclaim market share from the informal sector. The expansion comes after the group’s performance for the year ended February 28, 2026, was weighed down by intense competition from informal traders and subdued consumer…
LITHIUM exports are expected to increase in the second half of 2026 as global demand for electric vehicles and energy storage systems support a recovery in the battery minerals market, the Minerals Marketing Corporation of Zimbabwe (MMCZ) has said. MMCZ monitors mineral exports to guard against leakages, transfer pricing and under-invoicing. The corporation said lithium…
INDUSTRY has been urged to prioritise sustainability reporting to improve credit ratings and attract investment for projects. This was said during the Institute of Sustainability in Africa’s Annual Sustainability Breakfast Meeting held in partnership with The Financial Gazette in Harare last week under the theme: From cost centre to value driver, Rethinking Sustainability. Speaking at…
TIGERE Real Estate Investment Trust (REIT) is betting on its scrip dividend option for unit holders to accelerate its expansion drive targeting a US$100 million net asset value by year-end. The offer gives unitholders the option of receiving their quarterly dividend in cash, additional REIT units or a combination of both after the fund declared…
ADOPTING green technology and sustainable practices is increasingly proving to be a cost-cutting measure while unlocking critical access to financing, industry players say. This emerged at the Annual Sustainability Breakfast Meeting held in Harare, hosted by the Institute of Sustainability in Africa in partnership with the Financial Gazette, under the theme “From Cost Centre to…
SUBSCRIPTIONS to the Insurance Council of Zimbabwe (ICZ)’s Farmer’s Basket Insurance Scheme have risen sharply in Buhera, increasing from just 20 subscribers last year to more than 1 000 this year, reflecting growing confidence in inclusive agricultural insurance. Speaking to The Financial Gazette, ICZ Agriculture Pool chairperson Cuthbert Masukume said 1 700 farmers received insurance…
TAX incentives, net metering and other policy reforms are attracting investment into Zimbabwe’s renewable energy sector, Energy Ministry permanent secretary Gloria Magombo has said. Speaking at the Energy Forum for Africa conference in Harare last week, she said the government had introduced policies to encourage private sector investment in clean energy. Magombo said Zimbabwe’s renewable…
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