ZIMBABWE is losing most of its gold output to poor recovery techniques used by artisanal and small-scale miners.Advertisements Speaking during a Planet Gold Zimbabwe workshop in Bulawayo yesterday, ministry of Mines chief engineer Michael Munodawafa said poor recovery techniques were resulting in substantial mineral losses, undermining both national revenue and miners’ earnings. “A miner may…
CABS has launched HerNest, a women-focused banking solution that aims to close persistent gaps in access to finance for female entrepreneurs and professionals. Advertisements The institution unveiled the product in Harare, signalling a growing shift in Zimbabwe’s financial sector towards inclusive banking models aligned with broader economic empowerment goals. The account requires minimal documentation for low-income…
TREASURY says it is seeking US$2,5 billion in bridging finance to clear Zimbabwe’s arrears with international lenders, including the World Bank and African Development Bank (AfDB).Advertisements In an update at the 2026 IMF/World Bank Spring Meetings, the minister of Finance Mthuli Ncube said Zimbabwe is having conversations with the UK, Germany, Japan, France and Algeria…
UNIFREIGHT Africa (Unifreight) is expanding its courier business through the acquisition of an 86,67 percent stake in Cheetah Express Logistics.Advertisements Cheetah Express Logistics is the sole authorised Global Service Participant for FedEx Express in Zimbabwe. The transaction, valued at US$2,08 million, represents approximately 15,7 percent of Unifreight’s market capitalisation on the Zimbabwe Stock Exchange. Unifreight…
STANBIC Bank Zimbabwe has demonstrated its commitment to supporting Zimbabwean farmers’ access to international markets by participating in the Zimbabwe-China Horticulture Buyers Engagement held recently in Mutare.Advertisements The buyer’s engagement, organised by the national trade and development agency, ZimTrade, brought together local horticulture producers and Chinese buyers seeking to establish supply relationships with Zimbabwean farmers.…
TANGANDA Tea Company has appointed Christiaan Botha as its chief executive with effect from March 30, 2026, taking over from Sharon Kodzanai, who has since been reassigned to the board.Advertisements Botha has over 25 years experience in agribusiness and manufacturing, having held senior roles in commodity trading, agri-processing and fast-moving consumer goods manufacturing. He was…
THE Zimbabwe Revenue Authority (Zimra) has launched a crackdown at the country’s border posts aimed at improving efficiency and promoting fair trade.Advertisements This comes as the country is estimated to lose around US$1 billion per year in unpaid customs duties and taxes due to smuggling across its borders. This includes goods brought in through porous…
OCEAN temperatures are nearing record highs this spring, indicating a potential super El Niño event developing later in 2026.Highlight NOAA forecasts predicting up to a 25% chance of super El…
BULAWAYO is ready to host the 66th Zimbabwe International Trade Fair, positioning the event as a driver of investment.Advertisements In a report, BCC corporate communications manager, Nesisa Mpofu, described ZITF as a strategic platform for advancing local economic development. “The annual trade showcase acts as a powerful catalyst for economic growth, boosting local businesses where…
THE Reserve Bank of Zimbabwe has cancelled Cashbox Financial Services Microfinance Bank’s operating licence, citing failure to meet key regulatory requirements. Advertisements In a notice yesterday, the RBZ registrar of banking institutions, Philip Madamombe, said the cancellation takes immediate effect, citing multiple compliance breaches. “The cancellation of registration as a deposit-taking microfinance institution followed a…
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