GLOBAL shocks have dampened both business confidence and the country’s economic prospects going forward, experts say. This is despite the fact that the key mining, agriculture and construction sectors continued to perform very well during the first three months of this year. Speaking to The Financial Gazette — the country’s number one business publication and…
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…
ECONET InfraCo (InfraCo) made its maiden trading on Victoria Falls Stock Exchange (VFEX) this week, Tuesday, adding just above US$900 million in equity, pushing overall market capitalisation to an unprecedented US$3,88 billion. Accounting for approximately 23 percent of overall market value, the telecommunications infrastructure service provider closed the session at US$0,30 per share after a total of…
ZIMBABWE’s real GDP growth is projected to moderate to 4,5 percent in 2026, buoyed by a sustained recovery in the agricultural sector and the continued expansion of the mining industry, a new report shows. According to the latest outlook report from the African Development Bank (AfDB), growth will be underpinned by the strong performance of…
ZIMBABWE risks squandering its potential to become an industrial powerhouse due to a persistent disconnect between the country’s universities and its ageing industrial sector, an official said. The concerns were raised during a conference focused on boosting local procurement and manufacturing. Speaker of Parliament Jacob Mudenda highlighted policymakers’ concern over a disconnect between education and…
THE hospitality sector is facing mixed prospects this Easter, with some industry players anticipating a moderate dip in visitor numbers due to recent fuel price hikes, while others have noted steady growth in bookings. Amid escalating conflict in the Middle East and the resulting disruption to global aviation networks, some Zimbabweans appear to be shifting…
BUSINESS, labour and government are resisting plans to place the National Social Security Authority (Nssa) under the regulatory authority of the Insurance and Pensions Commission (Ipec). This comes after the National Assembly and Senate have recently passed the Insurance and Pension Commission Amendment Bill, which, among other things, seeks to strengthen the country’s pensions and…
BUSINESS, labour and consumers are clamouring for the government to do more to cushion them from the economic fallout of the conflict in the Middle East — including the soaring energy, transport and food prices. But many experts say authorities should tread carefully as such interventions carry the significant risk of threatening Zimbabwe’s fragile fiscal…
THE government’s decision to pay public sector suppliers exclusively in the local currency, the ZiG, has triggered a wave of sharply divergent reactions from industry, with opinion split between cautious support and outright alarm. Authorities argue the move is part of a broader push to deepen usage of the domestic currency and reduce reliance on…
TOBACCO sales volumes have increased significantly this season, with 44,1 million kilogrammes (kg) sold as of yesterday, up 66 percent from 26,6 million kg recorded during the same period last year. Information Minister Zhemu Soda told a post-Cabinet media briefing on Tuesday that the marketing season, which opened on 4 March 2026, has started strongly,…
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