finance

Masholand Holdings sees growth in H2

MASHONALAND Holdings (Mash Holdings) expects stronger revenue from development projects in the second half of the year driven by the completion of the Greendale cluster stands and the positive outlook of the Pomona Commercial Centre. The property firm’s revenue for the six months to June 30, 2025 grew by a marginal one percent to US$3,66…

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RTG hosts German buyers

HOSPITALITY group, Rainbow Tourism Group (RTG), is hosting a delegation of German buyers ahead of the 2025 Sanganai/ Hlanganani World Tourism Expo, which runs from September 10 to 12 in Mutare. This year’s expo, themed “Devolving Sustainable Tourism Development — Our Future,” aims to highlight the importance of regional tourism growth and responsible development. RTG…

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Promising tobacco sector outlook

ZIMBABWE’s tobacco sector is poised for further growth in the 2025/26 season, with the latest figures from the Tobacco Industry and Marketing Board (TIMB) showing an 18 percent increase in certified seed sales compared to the same period last year. As of August 27, a total of 1,343,590 grammes of seed had been sold, enough…

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Government bans oil seeds, grain imports

THE government has banned the importation of oilseeds, grain and related products in a bid to promote local production and reduce the country’s ballooning import bill. According to Statutory Instrument 87 of 2025 gazetted last Friday, only contractors will be allowed to import in cases of necessity, while all processors will be required to increase…

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Industrialisation agenda: Government optimistic

THE government says it is optimistic that Zimbabwe’s industrialisation agenda will gather momentum by year-end, buoyed by ongoing reforms aimed at relaxing the ease of doing business and creating a more supportive regulatory environment. Speaking during the Zimbabwe Industrial development Policy (ZNIDP)2 parliamentary committee workshop last Friday, the minister of industry Mangaliso Ndlovu said that…

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‘Minerals can transform our energy sector’

THE government says foreign investors should take advantage of the country’s unprecedented mining renaissance in order to transform the energy sector and help the country to end power outages. This comes as the authorities are currently courting foreign investors across the globe to invest especially in renewable energy. Speaking during the 2025 Africa Down Under…

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ZETDC switches off Kariba over debt

WATER supplies in Kariba are under immediate threat after the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) disconnected electricity to all municipal water stations. The action was taken due to an unpaid debt of ZiG24 million. The Municipality of Kariba announced the power cut yesterday, warning that it would directly impact the city’s water pumping…

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NMBZ accelerates AI integration

NMB Zimbabwe Holdings (NMBZ) is making significant strides in applying artificial intelligence (AI) to streamline operations, enhance customer interactions and improve product offerings while guarding against rising cyber threats. AI is changing banking trends across the world and is already being widely embraced in Zimbabwe. The diversified financial institution has been actively integrating AI-driven solutions…

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Chanakira to host world-renowned author

RENOWNED entrepreneur and founder of the Making Money Makes Sense series, Nigel Chanakira, will tomorrow host internationally- acclaimed author Robert Kiyosaki in Harare for a high-profile financial literacy event. The gathering, set for Celebration Centre, will see the celebrated author of the best-selling book Rich Dad, Poor Dad — which has sold over 30 million…

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