THE Competition and Tariff Commission (CTC) has proposed a temporary safeguard duty on toothpaste imports, citing evidence that rising inflows of low-priced products have severely undermined local manufacturing. In a determination published in the Government Gazette, the commission recommended a temporary trade remedy. The recommendation follows an investigation which found that a sharp surge in…
FIDELITY Life Asset Management has rebranded to Eagle Asset Management, marking a strategic repositioning towards private markets while maintaining its core investment services. This development follows the asset manager’s launch of the Eagle Real Estate Investment Trust (Eagle REIT) in May last year, which was subsequently listed on the Victoria Falls Stock Exchange. Speaking to…
INNSCOR Africa (Innscor) sourced approximately half of its raw materials from the domestic market in 2025 as part of its long-term strategy to grow local suppliers’ capacity and create employment. In monetary terms, the diversified agro-industrial conglomerate spent US$937,1 million in local procurement against US$939 million in imported supplies. “The group is committed to developing…
INDUSTRY players say increased foreign currency availability has boosted output in the construction sector. The sector had previously faced challenges over the past two years in securing adequate foreign currency to import essential materials, raw inputs and machinery. Foreign exchange constraints and local currency volatility worsened the shortage, historically limiting the industry’s capacity to operate…
TRADING activity on the local agricultural commodities market, the Zimbabwe Mercantile Exchange (ZMX), has largely remained subdued due to structural inefficiencies, mainly inconsistent product supply. Analysts say the supply gaps reflect the country’s reliance on rain-fed agricultural production, which tends to be seasonal as well as prone to climatic vagaries such as droughts. The electronic…
Africa’s gold story in 2025 was shaped by sharp contrasts, as central banks across the continent adjusted their reserves amid currency pressures, inflation risks, and shifting global gold prices. African…
ZIMBABWE’s natural resource exports reached US$3,4 billion in 2025, surpassing the Minerals Marketing Corporation of Zimbabwe’s (MMCZ) US$3,2 billion target, driven by favourable price movements in some key commodities. MMCZ monitors and facilitates mineral exports to prevent leakages, transfer pricing and under-invoicing. In a statement, MMCZ said cumulative mineral sales for the full year 2025…
THE International Monetary Fund (IMF) has projected that Zimbabwe’s inflation will remain in single digits throughout 2026, marking a significant milestone in the country’s return to macroeconomic stability. This comes as the annual ZiG inflation dropped to 4,1 percent in January — the first time that the local currency figure had fallen to single digits…
TANGANDA Tea Company says rising costs and challenging operating conditions have widened its cash shortfall to about US$6,36 million, forcing the group to seek funding through a US$8 million rights offer. In a recent rights offer circular, the company said it emerged from the Covid-19 pandemic with a cash flow deficit that has since worsened…
THE International Monetary Fund (IMF) has reached a staff-level agreement with Zimbabwe on a new 10-month Staff-Monitored Program (SMP), marking a critical step in the country’s efforts to normalise relations with international creditors and keep the economic recovery on track. The agreement, announced Friday following a mission led by Wojciech Maliszewski from January 28 to…
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