THE country needs to implement transformative reforms, as well as sustained sound fiscal and monetary policies, to lift investor confidence and to turbocharge the economy.So say leading experts, who add that doing this will raise Zimbabwe’s economic growth even more markedly than now, resulting in a welcome expansion of businesses and the creation of much-needed…
A MEMBER of the Qatari royal family, Sheikh Mansour Bin Jabor Bin Jassim Al Thani, is acquiring a 19,9 percent stake in Invictus Energy through his investment firm, Al Mansour Holdings.This comes as the Sheikh has been on a tour across Africa, meeting heads of state and pledging billions in investments.This week, Al Mansour promised…
CABLE manufacturer CAFCA says the rising cost of materials significantly eroded profit margins during the third quarter to June 30, 2025 exacerbated by intensified competition from cheaply made imported products.In a trading update for the quarter, the group said average material costs for copper and aluminium grew 15 percent and 28 percent, respectively, on a…
THE government will soon announce measures to cut regulatory costs for the dairy industry following lobbying by producers facing rising feed costs and unreliable power, The Financial Gazette has learnt.The country’s dairy sector is growing, but its pace is hindered by high costs and excessive regulation.Recently, the National Competitiveness Commission revealed that operating a dairy…
MUTAPA Investment Fund (MIF) is leveraging its strong asset base to negotiate funding with various foreign investors to partner in revamping some of its loss-making entities, according to chief executive John Mangudya.As at June 30, 2024, the sovereign wealth fund had a gross asset value of funds under its management amounting to US$16 billion.MIF has…
ZIMBABWE’s microfinance sector is providing more credit to small and medium enterprises (SMEs), pushing for greater financial inclusion despite concerns about high-risk lending.According to latest statistics from the Reserve Bank of Zimbabwe (RBZ), the industry’s total loan portfolio grew by 6,5 percent, increasing from ZiG5,98 billion in March 2025 to ZiG6,37 billion in June.The top…
FIRST Capital Bank (FCB) posted a 15 percent increase in net profit after tax to US$13,27 million during the half year to June 30 2025, driven by a 13 percent surge in total income to US$40,94 million.The financial institution’s balance sheet remained robust, with total assets increasing to US$306,9 million and customer deposits growing by…
ZB Financial Holdings (ZBFH) says the surge in electronic banking -thanks to investments in digital systems- propelled overall income during the six months to June 30, 2025.The group’s total income increased by 77 percent to ZiG1,908 billion during the period under review from ZiG1,075 billion in the first half of 2024 on significant improvement in…
OLD Mutual Zimbabwe (OM) says it is focusing on increasing investments in alternative markets as a hedge against inflationary risks in traditional money assets.Alternative investments are financial assets that do not fit into the conventional equity and cash classes, and they include venture capital, hedge funds, real property and commodities, among others.Speaking during an analyst…
ZIMBABWE’s leading independent national television station, 3Ktv, is continuing to cement its position as a trusted and reliable partner for many of the country’s top companies and organisations.This comes as…
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