FINANCE minister Mthuli Ncube’s 2026 national budget will further strain hard-pressed businesses and consumers, economic experts have warned. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts said this week that the proposed increase in value-added tax (VAT), adjustments to mining royalties…
THE third edition of the State of the Service Economy Survey (SOSES) will be launched next week in the capital. The event, set for December 10 in Harare, is being…
THE World Bank has commended the Zimbabwean government for sustaining the prevailing macroeconomic stability, describing it as a positive step in the ongoing debt resolution process. Zimbabwe is actively seeking to eradicate its debt stock through an arrears clearance and debt resolution process, which involves the implementation of economic and governance reforms as well as…
TREASURY continues to divert budgetary allocations while a significant number of ministries and state agencies fail to fully utilise resources, laying bare weak financial efficiency within the government. This came out in the 2026 national budget statement tabled by the Finance minister, Mthuli Ncube, last week. According to the Treasury, as at September 30, 2025,…
PLAYERS in the mining sector have warned that the restructuring of the gold royalty system will further erode already narrow profit margins and threaten the sustainability of the industry. In the 2026 national budget, Finance Minister Mthuli Ncube proposed a harmonised royalty structure for all gold producers, which includes a three percent royalty fee for…
FOREIGN direct investment into Zimbabwe is expected to reach US$847 million next year, as the government steps up efforts to improve the business operating environment. In his 2026 national budget statement, Finance minister Mthuli Ncube said foreign direct investment (FDI) inflows grew from US$151 million in 2020 to an estimated US$799 million in 2025. “Since…
THE Reserve Bank of Zimbabwe (RBZ) has made significant strides towards meeting the conditions for the de-dollarisation of the country’s economy by 2030. So declared the governor of the central bank, John Mushayavanhu, earlier this week, following a meeting of the RBZ’s monetary policy committee (MPC). “The MPC noted that the aforestated positive monetary and…
MUTAPA Investment Fund (Mutapa) deployed over US$100 million to state-owned entities under its management to boost operations and viability as of September 2025. Minister of Finance Mthuli Ncube said the funds were deployed in direct capital injections, partnerships, and joint ventures. He said the results show a material turnaround, with 53 percent of the state-owned…
ZIMBABWE’s foreign currency receipts increased by 21 percent to US$13 billion during the first 10 months of 2025, sustained by a growth in export earnings and remittances, latest data shows. According to the Reserve Bank of Zimbabwe (RBZ), the country continues to record strong foreign currency inflows, with foreign currency reserves backing the ZiG reaching…
ZIMBABWE’s plans to transition into a mono-currency system anchored by its own currency, the ZiG, by 2030 could be under threat from ‘weak’ foreign currency reserves to back it, analysts have said. While authorities are upbeat that forex reserves — currently at US$980 million — will reach levels sufficient to back the ZiG within the…
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