FINANCE minister Mthuli Ncube should focus on pragmatic, business-centred reforms as he prepares to present the 2026 national budget next month.So say business leaders and economists, who add that steering the economy towards inclusive growth, fiscal discipline and industrial transformation is key for Zimbabwe’s long-term prosperity.Speaking to The Financial Gazette — the country’s number one…
A CHINESE-OWNED company, Makomo Engineering (Makomo), has emerged as the biggest shareholder — at 21,4 percent — in NMBZ Holdings (NMBZH) amid talk of a possible takeover of the listed…
THE Mutapa Investment Fund says it is allocating capital to the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) to help lower the cost of electricity transmission and distribution.Zimbabwe’s electricity costs remain high due to rising input expenses and tariffs, while distribution continues to suffer from limited generation capacity, poor maintenance, and inadequate investment.“Our generation costs…
HIPPO Valley Estates (Hippo Valley) is reeling from an unfavourable cost structure within its operations characterised by high cane and manpower costs, resulting in significant profit margin erosion.According to the group, costs are predominantly driven by an exorbitantly high minimum wage, an uncompetitive cost of cane under the Cane Purchase Agreement (CPA), and the division…
STARAFRICA Corporation (StarAfrica) is seeking to contain rising operational costs driven by higher production volumes as it moves to strengthen profit margins.The group’s operations include manufacturing, distribution, and marketing of sugar-based products through its business units, Goldstar Sugars and Country Choice Foods. In its annual report for the year ended March 31, 2025, the group…
By Ephias RuhodeAdvertisements A PIECE in a local daily titled “AI Wildfire: A memo to Zimbabweans,” (https://www.heraldonline.co.zw/ai-wildfire-a-memo-to-zimbabweans/), on October 17, by one Dr Evans Sagomba raises vital questions about artificial intelligence (AI). It highlights real risks and the urgent need for oversight as these technologies sweep across the globe. This cautionary perspective is valuable, especially…
UNIFREIGHT is focusing on diversifying revenue heads through accelerating its regional offensive, scaling up its (fourth-party logistics) 4PL division, and expanding its fleet to meet demand capacity for the upcoming 2026 tobacco season.The transport and logistics firm has been steadily growing its domestic operations and now sees regional expansion as a low hanging fruit to…
I CONTINUE to see people equate being qualified with having the capacity to do the job well. This thinking is misguided. The fact that employers interview candidates who already have the required qualifications and experience is itself proof that having paper qualifications alone does not mean someone can perform the job well. If qualifications and…
EXPERTS are urging Zimbabwe to look beyond upbeat macroeconomic figures and focus on ensuring that any reported progress is genuinely felt across the economy.It comes as Zimbabwe’s economy is projected to be among the fastest-growing in southern Africa in 2025, according to the latest International Monetary Fund (IMF) World Economic Outlook.The report estimates a six…
Kavango Resources has announced confirmation of an open-pit gold deposits at the Nightshift Prospect on its Hillside Gold Project in Zimbabwe.A preliminary JORC-compliant Mineral Resource Estimation has exceeded Kavango’s expectations, and the company considers constructing an upgraded 300 tonne-per-day (tpd) gold processing plant at Bills Luck Gold Mine, at the Hillside Project, up from the…
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