Advertisements THE government and Invictus Energy, through its local operating entity, GEO Associates, have signed a Petroleum Product Sharing Agreement, establishing a regulatory framework for the Cabora Bassa oil and gas project. Advertisements Speaking at the signing ceremony, Finance minister Mthuli Ncube said the agreement was a major milestone in Zimbabwe’s economic transformation agenda and…
Advertisements ZIMBABWE’S prospects in the Chinese market are improving under a new zero-tariff regime, but attention is now shifting from access to execution, with officials warning that capacity, infrastructure and standards will determine the outcome.Advertisements China’s longstanding zero-tariff policy for African nations is poised to strengthen economic collaboration, increase trade and support shared development. This…
Advertisements MINERS have welcomed the government’s ban on foreign participation in low-scale gold operations, saying the move will protect local jobs, reduce sector conflicts and reserve mining opportunities for indigenous communities.Advertisements The policy directive ring-fences any mining operation producing less than 20 kilogrammes of gold per month or carrying a capital investment under US$15 million,…
Advertisements TN CYBERTECH Investments Holdings is accelerating its digital banking expansion through new technology platforms and partnerships as it targets greater financial inclusion and improved customer access.Advertisements The local financial sector is undergoing a massive digital transformation aimed at meeting rising demand for technology-driven financial services and widening access to banking solutions across underserved communities.…
Advertisements ANALYSTS have raised doubts over the government’s newly approved Integrated Provincial Special Economic Zones (IP-SEZs), warning the model could distort competition and repeat shortcomings that undermined previous SEZ programmes.Advertisements This comes as the cabinet this week approved the framework for the establishment of IP-SEZ under the Zimbabwe Investment and Development Agency Act with a…
Advertisements INNSCOR Africa (Innscor) has embarked on a four-year phased upgrade of its Colcom Foods processing plant as it races to match rising demand for both its fresh and processed pork offerings.Advertisements The group has been steadily modernising its wholly owned Colcom division, which comprises two operating units, Colcom Foods and Triple C Pigs. In…
Advertisements IMPROVED tenant collections and rising rental income lifted First Mutual Properties (FMP)’s net property income by 30 percent year-on-year during the first quarter ended March 31, 2026, despite headwinds in the property market.Advertisements The property firm, a subsidiary of First Mutual Holdings, saw its net property income increasing to US$1,34 million from US$1,03 million…
ZIMBABWE’S recent inflation performance offers something this economy has too often lacked, evidence that disciplined policymaking can still deliver stability, even in the face of external turbulence. As fresh price pressures swept through…
Advertisements SOUTH AFRICAN retailer Pick n Pay says continued losses at its Zimbabwean associate, TM Supermarkets, remained a drag on group earnings during the year ended March 1, 2026, despite the reduction in the prior year’s deficit.Advertisements In its full-year financial results statement, Pick n Pay said its 49 percent investment in TM Supermarkets has…
Advertisements ZIMRE Holdings (Zimre) recorded a 41 percent increase in total income for the quarter ended March 31, 2026, driven by strong insurance revenue growth and positive investment income from fair value gains on financial assets.Advertisements The group’s total income rose to US$29,67 million from US$20,97 million recorded in the comparable period last year, reflecting…
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