THE government is now providing sovereign guarantees to power projects after the local energy regulator revealed that more than half of licenced independent producers are yet to begin operations.Advertisements The shift comes as Zimbabwe faces severe power shortages affecting both industry and households. A successful independent power producers (IPPs) programme is considered vital to reducing…
EXPERTS have called for fundamental changes to lending frameworks, warning that eroded confidence in the country’s banking system continues to discourage savings and restrict access to housing finance.Advertisements Speaking at the Zimbabwe Real Estate and Construction Summit, Zim Cybercity chief executive Tendai Mamvura said the banking ecosystem had been “battered so badly” that relying on…
RETAILERS have urged local authorities and business operators to swiftly implement the government’s new ease-of-doing-business reforms, warning that delays could undermine the intended benefits for the retail and wholesale sector.Advertisements This push follows the streamlining of operations in the wholesale and retail sector by merging 11 fragmented local authority licences into a single unitary licence…
MAINTAINING ZiG in the deflationary path could significantly boost confidence in the local currency and facilitate economic recovery, industry says.Advertisements This comes as ZiG month-on-month inflation declined to -0,4 percent in October, the third consecutive month of negative inflation and the lowest rate recorded in 2025. According to the Confederation of Zimbabwe Industries (CZI), deflation…
By Godfrey Nyoni Advertisements IN the digital age, Artificial Intelligence (AI) is becoming one of Zimbabwe’s most powerful weapons against cybercrime and digital fraud. From detecting suspicious transactions in banks to identifying fake news campaigns before they spread, AI has the potential to make Zimbabwe’s online world safer and more efficient. Yet as the nation…
TSL anticipates volumes from its new animal health manufacturing plant to grow significantly next year on the back of new product registrations.Advertisements The group, through its wholly-owned subsidiary, Agricura, in November last year, commissioned its upgraded animal health manufacturing plant in Harare which cost approximately US$600 000 to construct. The expanded facility will strengthen the…
INVICTUS Energy (Invictus) says it plans to expand its resource base in 2026 through a high-impact exploration and appraisal programme at its Cabora Bassa project.Advertisements The Victoria Falls Stock Exchange-listed Australian firm is currently developing its oil and gas project in Muzarabani, north of Zimbabwe and during the past year advanced its seismic acquisition, drilling…
GOLD deliveries to Fidelity Printers and Refiners (Fidelity) reached 37,06 tonnes in the first ten months of 2025, amid a period of record-high global yellow metal prices, latest data shows.Advertisements The country is now on track to meet its 40-tonne annual target for this year. According to data from Fidelity, small-scale gold producers contributed the…
By Jackson Mashinge Advertisements IN this week’s instalment, we explore the transformative power of artificial neural networks (ANNs) and their potential to revolutionise accounting practices in Zimbabwe. As financial markets rapidly evolve and technological advances reshape the business landscape, the need for innovative approaches to financial forecasting and decision-making has never been more pressing. For…
CALEDONIA Mining Corporation (Caledonia) says its US$41 million capital expenditure programme for the year is moving according to plan as it aims to modernise operations and improve efficiency at its mines.Advertisements Of the total, US$34,1 million is being channelled towards its primary asset, Blanket Mine, with US$6,9 million set to step up exploration at its…
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