TREASURY has revised downwards the national diamond output for 2025 by 3,8 percent to 5,2 million carats from the previous estimate of 5,4 million carats on subdued performance arising from headwinds within the sector.Despite the downward projection, the country is still expected to beat last year’s production output of 5,1 million carats, riding on investments…
THE Mutapa Investment Fund has commended the People’s Own Savings Bank (POSB) for its 2025–2027 transformational strategy that places strong emphasis on digital solutions. Speaking at POSB’s Annual General Meeting last Thursday, Mutapa’s head of banking and financial services, Tapiwa Mangwana, noted that the bank is focused on delivering a seamless personal banking experience tailored…
THE United Nations (UN) has urged Zimbabwe to utilise renewable energy to tackle the country’s energy poverty.Currently, only about 44 percent of Zimbabwe’s population has access to electricity, with rural areas experiencing significantly lower rates of electrification. This lack of access to modern energy services, including electricity and clean cooking solutions, hinders economic development.Speaking at…
GOLD producer Caledonia Mining Corporation anticipates a profitable second quarter, building on a strong performance in the first quarter of 2025 and sustained high gold prices.Gold had a strong first half of 2025, with prices surging by approximately 25 percent. This rise was driven by its role as a safe-haven asset amidst economic uncertainty, geopolitical…
ZIMBABWE’s consumption of petroleum products grew significantly in the first half of 2025 compared to the same period in 2024.While diesel remains the dominant fuel in absolute volumes, Liquefied Petroleum Gas (LPG) recorded the most rapid growth rate, suggesting a notable shift in energy consumption patterns.Latest data from the Zimbabwe Energy Regulatory Authority (Zera) reveals…
LAST week, Zimbabwe hosted the 15th Conference of the Contracting Parties (COP15) to the Ramsar Convention on Wetlands amid calls for strengthening the role of wetlands in national climate and…
THE Zimbabwe Investment Development Agency (ZIDA) recorded a 137 percent increase in investment licence renewals during the second quarter of 2025 to 107 permits.These licences represent US$221,68 million in actualised investments.“This growth underscores the continued commitment of existing investors to Zimbabwe’s economic development and highlights the impact of the agency’s enhanced monitoring and evaluation framework,…
THE Zimbabwe Investment and Development Agency (ZIDA) has lined up a list of 250 potentially high-value investors for follow-up as part of its targeted investor engagement strategy aimed at boosting investment projects.Between April and June this year, the authority profiled these potential investors and directly engaged at least 80 of them.“The agency has adopted a…
ZIMBABWE’s gross domestic product (GDP) is projected to reach ZiG1,5 trillion, approximately US$48,5 billion by the end of this year with the bulk of output from the informal sector, the Treasury has said. This means the size of the economy will have grown by US$4,1 billion or 9,2 percent in just two years, from the…
IN the dusty streets of Mbare, the crowded alleys of Lagos, the sprawling townships of Soweto — a quiet, relentless revolution brews daily. It’s not announced with fanfare or funded by shiny venture capitalists. It’s born in the scorched soil of poverty, watered by tears of rejection, and forged in the furnace of conflict and…
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