INNSCOR Africa (Innscor) says authorities should extend the sugar tax to imported beverages, arguing that the current framework places local manufacturers at a competitive disadvantage and distorts fair market competition. The group, through its beverage-making unit, Prodairy, has seen its margins adversely impacted by the sugar surcharge introduced in January 2024 amid stiffer competition from…
THE government says it intends to move beyond signing memoranda of understanding (MoUs) with India and begin converting them into tangible, bankable projects, warning that many agreements remain unimplemented. The push comes as trade ties between the two countries continue to strengthen with bilateral trade reaching about US$260 million, while Indian investments in Zimbabwe exceeded…
By Memory Nguwi MOST hiring problems do not start at the interview stage. They start much earlier, when organisations define the job and advertise it. A poorly written job profile…
THE Reserve Bank of Zimbabwe (RBZ) anticipates a temporary shift in the domestic price outlook, warning that the recent surge in global oil prices will trigger a short-term inflationary spike through the second quarter of 2026. Despite the external pressure, the Monetary Policy Committee (MPC) remains optimistic, projecting that the inflationary impact will be contained…
THE government’s decision to pay public sector suppliers exclusively in the local currency, the ZiG, has triggered a wave of sharply divergent reactions from industry, with opinion split between cautious support and outright alarm. Authorities argue the move is part of a broader push to deepen usage of the domestic currency and reduce reliance on…
AFRICAN Sun is set to delist from the Victoria Falls Stock Exchange following approval by shareholders in an extraordinary general meeting last week. The hotelier, among other reasons for the delisting, primarily cited the undervaluation of its share price on the VFEX. “Every move we have made, including our proposal to delist, is about ensuring…
RAINBOW Tourism Group (RTG) reported a 13 percent increase in revenue to US$50,3 million during the year ended December 31, 2025, supported by a 28 percent growth in foreign‑currency earnings. The hotelier said foreign currency revenue strengthened significantly, increasing to US$24,1 million during the year from US$18,9 million in the previous year, supported by continued…
FIRST Capital Bank (FCB) recorded a 52 percent year-on-year surge in profit to US$30 million for the year ended December 31, 2025, driven by strong customer acquisition and improved efficiencies…
THE Securities and Exchange Commission of Zimbabwe (SECZIM) says pension funds dominated share purchases in the final quarter of 2025, accounting for 45,36 percent of the total value of trades settled. During the period under review, trades worth a combined ZiG1,19 billion were settled through the Chengetedzai Depository Company (CDC) and the Zimbabwe Stock Exchange…
TOBACCO sales volumes have increased significantly this season, with 44,1 million kilogrammes (kg) sold as of yesterday, up 66 percent from 26,6 million kg recorded during the same period last year. Information Minister Zhemu Soda told a post-Cabinet media briefing on Tuesday that the marketing season, which opened on 4 March 2026, has started strongly,…
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