finance

Agricultural show kicks off

THE 115th edition of the Zimbabwe Agricultural Show (ZAS) kicked off in Harare yester­day with over 500 exhibitors showcasing their products and services.  The six-day event, running under the theme “Building Bridges: Connecting Agriculture, Industry, and Communities,” aims to unlock new local and international oppor­tunities in a celebratory environ­ment. In a statement yesterday, ZAS chief…

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Qatar firm to invest US$19 billion

A COMPANY from Qatar, Al Mansour Holding, says it will invest US$19 billion into various economic sectors. Speaking at the signing ceremony of three memoranda of understanding at State House in Harare between the firm and Mutapa Investment Fund, Al Monsour chairman, Nidal Ammache, said the investments would spur economic develop­ment in Zimbabwe. “As you…

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Record season boosts tobacco industry

ZIMBABWE’s tobacco sector is positioning itself for sustained growth and a rebound in the 2025-26 cycle, buoyed by exceptionally strong financial and operational results in the recently concluded season.According to seasonal statistics from the Tobacco Industry Marketing Board (TIMB), the sector generated a record US$1,17 billion from the sale of 353 million kilogrammes.Commenting on the…

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Dairibord embraces renewable energy

DAIRIBORD Holdings (Dairibord) is actively pursuing renewable energy sources to cut costs and emissions, driving significant efficiency gains.This move aligns with ongoing efforts across both the private sector and the government to transition towards sustainable energy.While the dairy processor currently relies on non-renewable energy, it has already implemented LED lighting, energy-efficient equipment, and rigorous utility…

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New initiative to attract IPPs

ZIMBABWE’s finance minister, Mthuli Ncube, says the government will introduce a competitive procurement framework for Independent Power Producers (IPPs) to attract private investment and ease persistent power shortages.The southern African nation faces continuous electricity shortages due to low output at the Kariba hydropower station and frequent breakdowns at its ageing thermal plants.While expensive imports from…

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Insurance bolsters ZBFH topline

ZB FINANCIAL Holdings (ZBFH) is planning on expanding its insurance business across the region after revenue from this segment doubled in the six months to June 30, 2025, thanks to cash funeral products and new business acquisitions. The diversified financial services group, also with operations in banking, saw its insurance revenue grow by 119 percent…

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Mnangagwa to headline AEW

PRESIDENT Emmerson Mnangagwa will headline this year’s edition of the African Energy Week (AEW): Invest in African Energies conference. Taking place September 29 to October 3 in Cape Town, South Africa, the event represents the premier dealmaking platform for the African energy sector. According to organisers, Mnangagwa’s participation would reflect the country’s ambition to unlock…

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