FIRST Capital Bank (FCB) is deepening ties with Chinese businesses in Zimbabwe in a strategic push to broaden its clientele and tap into growing investment from the Asian market. In 2025, China’s total outbound direct investment grew by 7,1 percent year-on-year to approximately US$174,4 billion, marking its highest level since 2018. Speaking at the 2026…
THE Zimbabwe Development Corporation (ZDC) says it plans to unlock value from its dormant and underutilised assets as part of a renewed push to stimulate economic growth and rural industrialisation. Newly appointed interim board chairman Denford Mutashu told The Financial Gazette this week that the corporation’s focus is aimed at repositioning it as a catalyst for investment…
NATIONAL Handling Services Zimbabwe (NHS)’s plans to establish a logistics company have been deferred until inland dry ports are operational. This comes as the NHS is also pursuing plans to establish a dry port in Mutare, using two hectares of land already secured in the area. The project, expected to cost several million dollars, aims…
THE government plans to open alternative fuel import routes in response to rising global cost pressures and geopolitical disruptions linked to the ongoing conflict in the Middle East. This comes as the Zimbabwe Energy Regulatory Authority (Zera) increased diesel prices from US$1,77 to US$2,05, while petrol has jumped from US$1,71 to US$2,17 — triggering fresh concerns…
THE Reserve Bank of Zimbabwe governor, John Mushayavanhu, says the apex bank supports the government’s move to pay public sector suppliers exclusively in the local currency, the ZiG, describing it as a decisive step towards strengthening the use of the domestic unit. In a statement this week, the central bank moved to reassure contractors and…
THE Confederation of Zimbabwe Industries (CZI) has called for an economic strategy centred on industrial development, stressing the need to align fiscal, monetary and trade policies. An industrial development-centred strategy places manufacturing and value addition at the core of economic growth, structural transformation and job creation. It aims to shift the economy away from reliance…
ARIANA Resources plc is set to begin Phase 2 diamond drilling at its 100 percent-owned Dokwe Gold Project in Zimbabwe later this month. This follows encouraging results from its recently completed reverse circulation (RC) drilling programme. The 2025–2026 RC campaign totalled 5,659 metres across 31 drill holes at Dokwe North and Dokwe Central and returned…
PREMIER African Minerals has raised approximately £500 000 through the issuance of new ordinary shares priced at 0,0185 pence each. The funding was secured through a subscription by investors and will be used to support operational activities at both the company and its flagship Zulu Lithium and Tantalum Project in Zimbabwe. In addition to the…
INVICTUS Energy (Invictus) faces a major funding challenge after its proposed joint venture with Qatar-based Al Mansour Holdings (AMH) collapsed in January. This complicates ongoing hydrocarbon exploration in the Cabora Bassa basin, according to the company’s latest results. The deal, if concluded, would have seen AMH acquire a 19,9 percent stake in Invictus for A$37,8…
SIMBISA Brands (Simbisa) could see a stock re-rating if it sustains stronger operating profit margins, but fiscal risks and cost pressures remain key downsides, Inter Horizons (IH) Securities has said. In its latest earnings update, the research firm said the company’s current share price already factors in much of its medium-term growth prospects. “The key…
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