finance

Victoria Falls IFSC gets regulatory framework

THE enactment of regulations to formalise the operations of the Victoria Falls International Financial Services Centre (IFSC) signals a concerted effort to attract foreign investment and establish the resort city as a regional financial hub, analysts have said. The regulatory framework, comprising Statutory Instruments 38, 39, and 43 of 2026, defines the operational, prudential, and…

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Banking reforms to boost ZSE liquidity

LIQUIDITY on the Zimbabwe Stock Exchange (ZSE) is expected to improve, supported by the increase in ZiG transaction volumes following the recent bank charges cuts and cash withdrawal limit raise, analysts have said. This comes after the Reserve Bank of Zimbabwe (RBZ) in its 2026 monetary policy statement issued a fortnight ago scrapped account service…

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Business Knowledge Process Outsourcing to boost service exports

THE Ministry of Finance says the launch of the Business Knowledge Process Outsourcing (BKPO) initiative marks a shift towards growing service exports and intellectual capital in the economy. The government partnered with the Zimbabwe Investment and Development Agency (Zida) to launch the BKPO initiative under the theme “Positioning Zimbabwe as a Competitive Destination for Business Process…

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Bid to flush out foreign ownership fronting

THE Ministry of Industry and Commerce is set to inspect companies registered under locals in reserved sectors in a bid to curb ownership fronting. Statutory Instrument 215 of 2025 enforces the Indigenisation and Economic Empowerment Act, which requires locals to own 51 percent in designated businesses. The policy targets 14 reserved sectors, including retail, transportation…

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Mid East war jolts industry, GDP rise

THE escalating conflict in the Middle East continues to send shockwaves through global energy and financial markets, posing serious threats to Zimbabwe’s economy. Experts who spoke to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — said this week that Zimbabwe was highly vulnerable to oil…

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ZITF intensifies regional engagements

THE Zimbabwe International Trade Fair (ZITF) Company has stepped up regional stakeholder engagements to attract more exhibitors and strengthen trade and investment partnerships ahead of the 2026 edition of the annual showcase. Already, ZITF has held stakeholder engagement meetings with representatives of government, trade and business associations in Francistown, Botswana, on February 27, Johannesburg, South…

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‘Renewable energy in healthcare a national priority’

THE government says expanding renewable energy infrastructure in critical sectors, such as healthcare, remains a national priority as the country works to strengthen energy security and improve public service delivery. This comes after Mater Dei Hospital in Bulawayo commissioned a US$810 000 solar power plant, a move expected to transform energy reliability for the facility…

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Simbisa sees growth in delivery orders

SIMBISA Brands (Simbisa) has experienced a marked growth in its delivery business, mainly from key markets such as Zimbabwe and Kenya, thanks to the broadening of delivery channels and digital in-house applications. In Kenya, the group’s online delivery unit, Kutuma, engages third party aggregators through a remodeled structure to transport orders to customers while a…

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