MANUFACTURING sector output will grow by 2,4 percent this year, 0,7 percentage points weaker than earlier projections of 3,1 percent on account of anticipated production challenges in the cement sector, Treasury has said.The cement sector is grappling with the influx of cheaply-manufactured imports that are posing unfair competition for local producers.Presenting the 2025 Mid-Term Budget…
THE United Arab Emirates (UAE) has become Zimbabwe’s largest export destination, contributing 46 percent of total exports in the first half of 2025, up from 29,5 percent the previous year, ZimTrade has revealed.The Persian Gulf economic power has since overtaken South Africa and China, previously Zimbabwe’s largest export destinations in that order.“This shift is largely…
Tapiwa Mashakada THE first order of business is to appreciate the overall performance of the 2024 budget before I look at the performance of the 2025 budget during the first six months of 2025. After all, that is the key focus of a mid-term review.In doing so, I pose upfront questions, namely: Did government meet…
ZIMPLATS Holdings (Zimplats) mined volumes increased by four percent year-on-year to 2,046 million tonnes during the quarter ended June 30, 2025, driven by contributions from open-pit operations.The platinum group metals miner’s 6E metal in the final product surged by 34 percent from the prior quarter and 21 percent year-on-year, reaching 186 946 ounces.The increase was…
KAVANGO Resources is expected to make a secondary listing on the Victoria Falls Stock Exchange (VFEX) on August 29, 2025 with plans to raise US$13,5 million towards ongoing operations and exploration.The London Stock Exchange (LSE)-listed miner has two operations in Zimbabwe – the Hillside and Nara projects, both located on a greenstone belt known for…
A STIMULATING discussion is in store for key stakeholders who will attend today’s keenly-awaited Daily News mid-term budget review breakfast forum at Celebration Centre in Harare.Headlined by the guest of honour and main speaker, Finance minister Mthuli Ncube, the well-subscribed gathering will also feature a diverse cast of expert panelists, top business leaders, senior policymakers…
THE government has reassured its commitment to clean energy transition, underscored by ongoing strategic reforms, tariff restructuring, and infrastructure upgrades.Speaking at the Energy Forum for Africa held in Harare last week, Ministry of Energy director of policy and planning Benson Munyaradzi said the efforts have laid the groundwork for expanding independent power production, enhancing grid…
THE Rainbow Tourism Group’s (RTG) flagship hotel and conference venue, The Rainbow Towers and Conference Centre, underwent a US$5,2 million refurbishment exercise that has transformed the five-star property to meet world-class standards.The latest upgrade is part of the RTG’s broader US$26 million investment over five years.“The refashioning of the Rainbow Towers Hotel and Conference Centre…
FIRST Mutual Holdings (FMH) has digitised more than one million documents in its quest to eliminate traditional paper-based records and enhance operational efficiency.Electronic-documentation offers benefits like enhanced accessibility, improved collaboration, increased security, and reduced storage costs.The Zimbabwe Stock Exchange (ZSE)-listed financial services group with primary focus on insurance and related businesses wants to create a…
THE Zimbabwe Stock Exchange (ZSE) Holdings recently joined a growing list of African bourses, including the Johannesburg Stock Exchange, Nairobi Securities Exchange, and Nigerian Exchange Group, by self-listing on its platform.To understand the implications of this significant move, our managing editor, Adelaide Moyo (AM), sat down with ZSE chief executive Justin Bgoni (JB) for an…
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