finance

‘ZiG stability to lift market participation’

THE Securities Exchange Com­mission of Zimbabwe (SecZim) expects stronger participation on local capital markets in the second half of the year, supported by con­tinued stability of the ZiG.Advertisements In the first half of the year, Zimbabwe has recorded improved trade performance, often maintain­ing a positive trade balance on the back of firm foreign currency in­flows…

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Heavy rains hit gold output

THE artisanal and small-scale mining (ASM) sector recorded a decline in gold production in the quarter ended March 31, 2026, resulting in lower deliveries to Fidelity Gold Refinery.Advertisements During the period under review, the ASM sector delivered 6,5 kgs of gold, representing a 37 percent decline from the previous quarter’s 10,3 kgs. In an interview…

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AFC unlocks US$5 million from land bank

AFC Holdings (AFC) has raised over US$5 million by leveraging its extensive land holdings for productive use, as it seeks to bolster capital and expand its loan book.Advertisements The agricultural financier was in 2022 provided 10 000 hectares of land by the government to capitalise its operations. A further 30 000 hectares was promised. “The…

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‘IMF Zim economy optimism idealistic’

EXPERTS say estimates by the International Monetary Fund (IMF) that Zimbabwe’s economy performed better than expected in 2025, and that it grew 7,5 percent during the year, are overly optimistic.Advertisements Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts said the estimates…

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Investment income lifts Nicoz

NICOZDIAMOND Insurance posted marginal earnings growth for the year ended De­cember 31, 2025, driven by investment diversification, and improved opera­tional efficiencies.Advertisements Insurance contract revenue rose one percent to ZiG1,1 billion compared to the prior year. Cluster chief executive David Ny­abadza said the growth, while mod­erate, was driven by expansion across core portfolios and new business.…

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Chester House revamp set for H2

REVITUS Real Estate Investment Trust (Revitus REIT) will begin renovations of its Chester House property in Harare in the second half of 2026, as it moves to convert it into a three-star hotel to enhance portfolio returns.Advertisements In a statement accompanying its financial results for the year ended December 31, 2025, the REIT, said preparatory…

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Dairibord margins ‘under pressure’

DAIRIBORD Holdings (Dairibord) profit margins this year are expected to be severely under pressure from rising operational costs offsetting improved revenue flows, investment analysts, Inter Horizons (IH) Securities says.Advertisements The dairy products processor recorded an eight percent year-on-year improvement in revenue to US$137,4 million for the year ended December 31, 2025, on volume growth. In…

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