ZIMBABWE’S dollarisation remains visible in pricing behaviour, corporate reporting, and the everyday choices of households. What is more troubling, however, is not merely the persistence of the US dollar but…
THE government has identified potential sites capable of generating more than 500 megawatts of wind energy as Zimbabwe intensifies its shift toward cleaner power sources.Advertisements Zimbabwe is expanding its renewable energy sector and aims to reach 2 100MW of capacity by 2030. Wind energy is emerging as a key investment area alongside solar and hydropower.…
CBZ Holdings (CBZ) grew its agricultural lending by 52 percent year-on-year in 2025 to ZiG3,2 billion, overtaking private-use loans as the largest share of its portfolio, reflecting a strategic shift toward productive sector financing.Advertisements In its financial results for the year ended December 31, 2025, the group advanced ZiG10,99 billion in loans, with agriculture accounting…
THE ZiG will continue to face a challenging path to its wider use in the economy until authorities are able to prove its long-term viability amid lingering market scepticism, many experts say.Advertisements Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts observed…
CABINET has approved Zimbabwe’s National Formalisation Strategy, a policy aimed at integrating small businesses in the informal sector into the mainstream economy.Advertisements Small and medium enterprises (SMEs) continue to operate outside the formal system, largely due to barriers such as high licensing fees and taxes associated with compliance. In a post-Cabinet media briefing, Minister of…
THE National Building Society (NBS) recorded a 44 percent surge in core capital to US$57 million for the year ended December 31, 2025, driven by retained earnings and a capital injection from its shareholder, the National Social Security Authority (Nssa).Advertisements The core capital position remains well above the Reserve Bank of Zimbabwe’s regulatory minimum of…
By Simbarashe HamudiAdvertisements THE Zimbabwe Revenue Authority (Zimra) has intensified its focus on trusts, issuing a strong reminder to trustees across the country to regularise their tax affairs before the end of April 2026. In Public Notice 19 of 2026, issued on March 30, 2026, the tax authority called on all trusts to comply fully…
A STABLE macroeconomic environment has seen banks posting improved earnings quality, although recent fee cuts have the potential to trigger a market-wide revenue slowdown, latest banks financial results show.Advertisements Core revenue in the form of funded and fees and commissions income drove profitability. This marked a notable shift from previous years, where unrealised exchange gains,…
CABS is ramping up support for Zimbabwe’s productive sectors through expanded credit lines and targeted funding schemes, as it aligns with government efforts to improve access to capital.Advertisements In 2025, the bank secured lines of credit from developmental partners, closing the period with a total facility limit of US$162,7 million. In a statement accompanying financial…
TOBACCO sales volumes have increased significantly this season, with 77 million kilogrammes (kgs) sold as of this Tuesday, up 85 percent from 41,61 million kgs recorded during the same period last year.Advertisements According to the latest figures from the Tobacco Industry and Marketing Board, tobacco has generated US$213,2 million in gross earnings so far, a…
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