THE government has identified potential sites capable of generating more than 500 megawatts of wind energy as Zimbabwe intensifies its shift toward cleaner power sources. Zimbabwe is expanding its renewable energy sector and aims to reach 2 100MW of capacity by 2030. Wind energy is emerging as a key investment area alongside solar and hydropower.…
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…
THE government has warned that Zimbabwe’s winter wheat crop is under serious threat due to a critical fertiliser shortage, driven by disruptions in global supply chains linked to the ongoing Middle East conflict. Permanent Secretary in the ministry of Agriculture, Obert Jiri, said the situation posed a major risk to agricultural productivity and food security.…
THE government says Botswana President Duma Boko is expected to officially open this year’s Zimbabwe International Trade Fair (ZITF), highlighting growing bilateral ties and deepening regional cooperation. Addressing a post-Cabinet media briefing in Harare yesterday, the minister of Information, Zhemu Soda, said more than 90 percent of exhibition space had already been taken up. “Cabinet…
PARLIAMENT is considering legislation to compel local companies to buy domestically produced goods, while also pursuing cross-border agreements to stem the flow of counterfeit products, a senior lawmaker has said. Zimbabwe has recorded a surge in fake products, ranging from food and beverages to household items, many of which are illegally imported or manufactured without…
THE dairy sector offers lucrative opportunities for Indian investment in mechanisation, value addition and renewable energy, the Zimbabwe Association of Dairy Farmers (ZADF) says. A persistent supply-demand gap continues to drive foreign investor interest, with annual milk demand of about 130 million litres consistently outstripping local production. Significant opportunities also lie in processing milk into…
ECOBANK Zimbabwe (Ecobank) raked in a historic US$100 million in revenue for the year ended December 31, 2025, supported by strong lending activity and diversification efforts. In local currency terms, the financial institution achieved a 125 percent increase in profit before tax for the year, to ZiG2,169 billion from ZiG0,965 billion in 2024. “This exceptional…
ZB FINANCIAL Holdings (ZBFH) recorded a 25 percent increase in total income to ZiG3,89 billion for the year ended December 31, 2025, underpinned by sustained growth in core business lines despite pressure on profitability. This mirrors domestic market-wide trends, where financial institutions no longer rely on volatile revaluation gains following recent macroeconomic stability. The group’s…
CBZ Holdings’ total income increased to ZiG5,73 billion for the year ended December 31, 2025, up from ZiG4,11 billion in the prior year, reflecting continued growth in both funded and non-funded income streams. The increase comes as non-funded income, driven by digital platform transaction volumes and fees, remains the primary revenue driver for banks in…
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…
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