Staff Writer

Zimplow turnaround gathers momentum

ZIMPLOW Holdings strengthened its financial position in 2025, delivering a resilient performance that underscores steady progress in its turnaround strategy despite a challenging operating environment. The group recorded a 13 percent increase in revenue to US$33,5 million, while loss before tax narrowed sharply by 85 percent to US$492 180, reflecting improved cost control, operational efficiencies…

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Living behind secure walls

By Leonita Mhishi ACROSS Harare’s northern suburbs and the fast-expanding edges of cities like Bulawayo, Zimbabwe’s housing story is quietly being rewritten — not in the form of towering skyscrapers,…

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Blending must tame prices too

IN times of global uncertainty, governments are often judged not merely by their responsiveness, but by their foresight.  The current consideration to increase the ethanol content in petrol represents precisely…

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New bank notes coming next week

THE Reserve Bank of Zimbabwe (RBZ) will introduce an upgraded series of ZiG bank notes on Tuesday, a move expected to enhance transactional convenience and boost the domestic use of the local currency. The central bank says the big five ZiG bank note series received “overwhelmingly positive feedback” from stakeholders across all provinces and districts…

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POSB’s deposits up 42 percent

THE People’s Own Savings Bank (POSB) recorded a 42 percent increase in deposits to ZiG1,94 billion during the year ended December 31, 2025, from ZiG1,37 billion in 2024, driven by targeted deposit mobilisation efforts, which supported overall business growth. The financial institution’s key revenue streams, including interest income, fees and commissions, registered significant growth during…

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African Century profit surge 306 percent

AFRICAN Century posted a profit after tax of ZiG86,5 million during the year ended December 31, 2025, from ZiG21,3 million the previous year, driven by robust growth in lending activities and fee-based income. The microbank’s loan book increased by 93 percent to ZiG404,5 million in 2025 from ZiG209,6 million the previous year, driven by improved…

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