ONE of the most powerful lessons I have learned from years of boardroom experience is this: complacency is costly. In fact, it can destroy organisations. Good governance doesn’t happen by accident; it takes vigilance, preparation, and the courage to speak up when it matters most.Too many board members underestimate the role they play. They arrive…
THE Zimbabwe Mercantile Exchange (ZMX) and the Grain Millers Association of Zimbabwe (GMAZ) have signed a memorandum of understanding to align structured trade systems with national food value chains.ZMX’s chief executive, Collen Tapfumaneyi, spoke at a joint press conference, stating that the collaboration enables grain offtake through forward contracts, which secures demand and unlocks finance…
ECOCASH, Zimbabwe’s leading mobile money platform, has launched EcoCash Plus — a special wallet designed specifically for small and medium businesses, vendors and service providers that account for over 60percent of the country’s economy. The new product, which addresses the day to-day operational needs of micro, small and medium-sized enterprises (MSMEs), enables users to transact,…
ZIMBABWE’S banking sector is demonstrating strong resilience, with non-performing loans (NPLs) remaining at a manageable level, well within international benchmarks.The Reserve Bank of Zimbabwe (RBZ) reported that as of March 31, 2025, the average NPL ratio across the banking sector stood at a healthy 3,34 percent, a slight decrease from 3,37 percent in December 2024.This…
ZIMBABWE is actively working to secure green financing for renewable energy projects, including the potential issuance of green bonds, according to officials.Green bonds and blended finance instruments are increasingly vital tools for countries aiming to expand renewable energy and climate-resilient infrastructure.Permanent Secretary in the Ministry of Energy, Gloria Magombo, told The Financial Gazette at the…
Hippo Valley Estates’ (Hippo) volumes for the year ended March 31, 2025 significantly improved as the reinstated tariffs on imported sugar beginning last year enabled the group to compete and regain lost market share.After serious industry lobbying, Zimbabwean authorities repealed the Statutory Instrument 80 of May 2023 in January of last year.This decision had unfairly…
ZIMPLOW Holdings (Zimplow) says its earnings significantly improved across all business units during the second quarter to June 30, 2025 attributing it to a slight improvement in liquidity conditions on the market.Speaking at the company’s annual general meeting, group chief executive Willem Swan said that the ‘easing of liquidity constraints’ have led to increased opportunities…
FIRST Mutual Holdings (FMHL) says it is focusing on converting available resources into real assets as a hedge against potential exchange rate fluctuations and inflationary pressures.Real assets are tangible resources, namely real estate, infrastructure, and commodities, with an intrinsic value tied to their utility as opposed to financial assets that are prone to exchange rate…
THE listing of Zimbabwe Stock Exchange Holdings Limited (ZSE Holdings), initially slated for July 9, 2025, has been pushed back to today.ZSE Holdings cited “circumstances beyond its control” for the slight delay.The group, which wholly owns the ZSE and VFEX trading platforms, completed a scheme of reconstruction which enabled the transfer and assumption of shareholding…
RAINBOW Tourism Group (RTG) says it is currently evaluating a potential transaction involving the acquisition of a strategic asset.The hotelier said the potential transaction is contingent upon the satisfaction of various regulatory processes and conditions.RTG recently acquired Montclair Hotel and Casino for US$5 million in a strategic move that aligns with its five-year strategy and…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More