FINANCE Minister Mthuli Ncube has scrapped a proposed levy on cash withdrawals following concerns that the tax would undermine government efforts to promote formal banking and financial inclusion. The Treasury boss, who has a tough job managing the government’s stressed coffers, did not give in to the strong lobby for a reduction in the two…
WHILE Zimbabwe’s economy grew markedly in 2025, deep structural issues remain a major concern, business leaders say. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — they added this week that authorities needed to do more going into 2026 to put the economy on…
OK ZIMBABWE’S revenue for the six months to September 30, 2025 slipped 84 percent to US$28,3 million from US$177,4 million prior year due to continued decline in sales volumes. The retailer saw volume sales tumble 83 percent from 139,88 million units in the prior period to 24,23 million units. “The volume decline resulted from a…
ECONET InfraCo, the infrastructure company being spun out of Econet Wireless Zimbabwe, is set to build a 300-hectare industrial Park near Robert Mugabe International Airport in Harare. The group plans…
NATIONAL Tyre Services (NTS) is set to voluntarily terminate its Zimbabwe Stock Exchange (ZSE) listing on December 31, 2025 following approval from shareholders. “In terms of Section 15 (d) of the ZSE Listing Requirements, holders of NTS securities are hereby advised that the securities can no longer be traded on the ZSE with effect from…
THE Zimbabwe International Trade Fair Company (ZITF) has set the stage for the 2026 edition of the Zimbabwe International Trade Fair with a bold theme signalling a strong push toward regional integration and industrial competitiveness. The annual trade show, set to run from April 20 to 25, 2026, at the Zimbabwe Conference and Exhibition Smart…
THE government is set to review and reduce high fees, levies, and taxes in the telecommunications and broadcasting sectors as part of ongoing ease-of-doing-business reforms. Speaking during the last post-Cabinet media briefing in Harare yesterday, Information minister Jenfan Muswere confirmed that Cabinet had approved the review to address burdensome costs within the sectors. “Cabinet approved…
By Ephraim Chawoneka CREDIT ratings are often linked to financial numbers such as revenue, debt, and cash flow. These numbers matter, but they do not tell the full story. Behind every financial result are decisions made by people. These decisions are guided by governance. Good governance plays a strong role in shaping credit ratings. For…
THE African Export-Import Bank (Afreximbank) says it will open the Afreximbank African Trade Centre (AATC) in Harare next year. This follows after Africa’s leading multilateral financial institution marked a historic…
ECONET Wireless Zimbabwe (Econet) has announced plans to delist from the Zimbabwe Stock Exchange (ZSE) to unlock shareholder value by separating its core mobile business from its infrastructure assets. The decision will see the telecommunications giant create a dedicated entity, Econet Infrastructure Company Limited (Econet InfraCo), to hold its real estate, towers, and power assets.…
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