finance

Festive season inflows stir Zim

INCREASED diaspora remittances will significantly boost consumer spending and lift business over the Christmas and New Year holidays, economic experts say. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts added this week that there would be more “cheer” this festive season…

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State of service sector improves

THE state of Zimbabwe’s services sector has steadily improved this year, with the quality of service provision in privately-run institutions outperforming State-owned entities, the 2025 State of the Service Economy Survey (SOSES) shows. According to the annual report, conducted by The Financial Gazette, ZB Financial Holdings, Tatu Advertising and Consumer Feedback Consultancy, digitalisation, improved work…

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Elephant Hills shuts down for major overhaul

ONE of the country’s leading hotels, Elephant Hills Resort, in Victoria Falls will close its doors in November 2026 for an 18-month refurbishment and rebranding programme. It would reopen in the second quarter of 2028. In a statement yesterday, African Sun Limited, the hotel’s operator, said the multimillion-dollar project would mark a significant milestone in…

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‘Financial crimes on the increase’

TREASURY says financial crimes, such as fraud, smuggling, tax evasion, illicit deals in precious stones, metals, and drugs, are on the increase, disenfranchising public coffers of much-needed revenue. This comes as the latest data from the Financial Intelligence Unit shows that Zimbabwe lost an estimated US$6,15 billion in illicit proceeds from financial crimes between 2019…

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