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…
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…
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…
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…
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…
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…
AUTHORITIES have banned all maize imports to promote local farmers and ensure that buyers source their grain domestically. According to the permanent secretary in the Agriculture ministry, Obert Jiri, the decision follows a bumper harvest from the 2024/25 summer cropping season, which was a result of good rains. “As we come to the end of…
HUNDREDS of thousands of EcoCash users from around the country have been winning different prizes — from essential household appliances to cash — in the EcoCash Chakachaya Ziyawa promotion as the leading fintech company’s popular annual promotion enters its final stretch. The promotion, which was launched on June 19 and runs until August 28 2025,…
ZIMBABWE’S fuel sector is showing remarkable compliance, with 99,3 percent of all fuel samples across the country meeting national quality standards, according to the Zimbabwe Energy Regulatory Authority (Zera). As of July 30, Zera had tested 1 707 fuel samples, with only 12 samples failing to meet regulatory specifications. “This is a clear indication that…
ZIMTRADE has launched a targeted cluster programme to transform rural businesses into export-ready entities. This comes as the government has positioned rural industrialisation as a strategic priority towards an upper-middle-income economy. This is being advanced through targeted policy measures and interventions designed to unlock the economic potential of non-urban regions. Clustered assistance helps producers by…
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