ZIMBABWE’s fuel consumption continues to trend upwards, supported by improved economic activity. Latest data from the Zimbabwe Energy Regulatory Authority (Zera) shows that diesel consumption increased by 31 percent to 1,47 billion litres in 2025, up from 1,12 billion litres in 2024. Petrol consumption also increased by 25 percent, expanding from 568,75 million litres in…
RESERVE Bank of Zimbabwe (RBZ) governor, John Mushayavanhu, should prioritise the consolidation of the economic gains that Zimbabwe has recorded over the past year in his upcoming monetary policy statement, experts say. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts added…
MINING companies operating in Zimbabwe should leverage their rich resource assets to attract funding from global capital markets, analysts have said. This comes amid worsening global geo-political developments that have deepened economic uncertainty and pushed demand for minerals, mainly gold, as a hedging asset. In this regard, dually-listed Caledonia Mining Corporation was recently able to…
THE Financial Gazette will host its Annual Tax Review Breakfast Meeting on 20 February 2026 at the Rainbow Towers Hotel in Harare. Renowned for providing critical insights into Zimbabwe’s taxation landscape, the…
INVICTUS Energy (Invictus) says it has terminated its agreement with Al Mansour Holdings (AMH) after failing to agree on revised terms. AMH is owned by Sheikh Mansour Bin Jabor Bin Jassim Al Thani, who toured Africa last year, meeting with heads of state and pledging billions in investments. Invictus is actively developing the Cabora Bassa…
INDEPENDENT accounting and business advisory firm Baker Tilly has welcomed the government’s decision to reduce the Intermediate Money Transfer Tax (IMTT) while increasing Value Added Tax (VAT), saying the measures will benefit ordinary citizens. Effective January 1, 2026, Zimbabwe’s IMTT on ZiG-denominated transactions was reduced to 1,5 percent, while the standard VAT rate increased from…
ZIMBABWE is developing a fresh foreign policy strategy to navigate an increasingly volatile and evolving global geopolitical and economic landscape. This shift aligns with the government’s ongoing thrust toward economic diplomacy, focusing on attracting investment, expanding trade, and strengthening international partnerships. Speaking at the World Economic Forum in Davos on Sunday, Foreign Affairs minister Amon…
ZIMBABWE’s annual inflation rate dropped to 4,1 percent in January 2026, marking the first time the country has recorded single-digit price growth in its domestic currency in nearly 30 years. According to the Zimbabwe National Statistics Agency, ZiG inflation slowed to 4,1 percent, down from 15 percent in December and 19 percent in November. The…
INDUSTRY has called for the relaxation of exchange controls by the government, which previously sparked pricing distortions and USD inflation in a bid to save the then-volatile local currency. Authorities previously compelled formal businesses to quote a heavily discounted formal exchange rate, resulting in higher USD prices as companies complied. In an update, the Confederation…
FINANCE minister Mthuli Ncube’s five percent growth projection for 2026 is achievable, provided that the country addresses its structural weaknesses and that geoeconomic confrontations don’t severely disrupt global supply chains and cooperation. So said the majority of experts this week who were interviewed by The Financial Gazette — the country’s number one business publication and…
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