finance

Glovers 10MW solar plant commissioned

Advertisements PRESIDENT Emmerson Mnangagwa has commissioned the Glovers 10MW Solar Power Plant in Munyati, Kwekwe, marking a major milestone in the country’s renewable energy drive, investment attraction and industrialisation agenda.Advertisements The project, developed by indigenous independent power producer Glovers Solar in partnership with the Public Service Commission (PSC) pension fund, is among the first renewable…

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FBC upbeat on economic stability

Advertisements FBC Holdings (FBC) says the country’s improving eco­nomic environment is creating growth opportunities for stronger lending, higher deposits and increased confi­dence in the financial services sector.Advertisements This comes as the banking sector continues to benefit from easing inflationary pressures, improved exchange rate stability and recent reductions in banking and digital transaction charges aimed at…

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DPC raises concern over idle bank accounts

Advertisements THE Depositors Protection Corporation (DPC) says account holders need to actively use their bank accounts to help grow deposits in the country.Advertisements Zimbabwe has, over the years, witnessed widespread account abandonment and inactivity, largely driven by reliance on the informal economy and lingering mistrust in the banking sector. Speaking at the Global Money Week…

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Zim rentals among Africa’s lowest

Advertisements ZIMBABWE’S prime residential rental market remains among the cheapest in Africa despite growing demand in properties, reflecting affordability and investment challenges confronting the sector, a new report shows.Advertisements According to the Africa Report 2026/27 by Knight Frank, Zimbabwe ranks among the African countries with the lowest monthly prime residential rentals, with three-to-four-bedroom properties averaging…

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Simbisa ramps up market share drive

Advertisements SIMBISA Brands (Simbisa)’s targeted marketing campaigns and promotional menus across regional operating markets bolstered customer volumes during the third quarter to March 31, 2026, as the group intensified market share expan­sion.Advertisements In a trading update for the period under review, the quick-service restau­rant chain said strong customer traffic growth helped offset the negative im­pact…

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Capacity expansion lifts Dairibord volumes

Advertisements DAIRIBORD Holdings (Dairibord) recorded 26 percent volume growth in the first quarter ended March 31, 2026, driven by capacity expansion, stronger domestic demand and improved product availability across key categories.Advertisements In a trading update, the dairy processor said it achieved double-digit growth across all core product segments as investments in production capacity and route-to-market…

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