finance

Local manufacturing receives boost

THE government is strengthening policy instruments to capacitate the manufacturing sector in 2026, with a renewed focus on boosting local production, improving capacity utilisation, and reducing reliance on imports where domestic capability exists. This comes after authorities set guidelines for industry players seeking to access the ZiG100 million Industrial Development Fund (IDF), as the government…

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MMCZ eyes US$3,5 billlion revenue in 2026

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) has set a revenue target of US$3,5 billion for 2026, driven by a recovery in battery metals and a structural supply deficit in the platinum group metals (PGMs) sector. The projection comes as MMCZ recorded a strong sales performance for the financial year ended December 31 2025, posting…

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Freda Rebecca ‘unrest’ continues

POLICE have once again descended on Botha Gold Mine, in what stakeholders are describing as an alarming escalation of coercive tactics, allegedly assisting representatives of Freda Rebecca Gold Mine to erect fencing on private mining property amid an unresolved civil dispute. According to multiple sources on the ground, officers are currently at the mine and…

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ZITF offers rural industry boost

THE Zimbabwe International Trade Fair (ZITF) has rolled out targeted incentives aimed at boosting participation by new exhibitors and rural-based industries, as preparations for the 66th edition of the premier trade showcase gather pace. The incentives were announced during a visit by the minister of Industry and Commerce, Mangaliso Ndhlovu, who was briefed on the…

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RBZ touts value addition

THE Reserve Bank of Zimbabwe (RBZ) has urged industry to maximise value addition and boost exports to sustain growth in foreign currency receipts. Zimbabwe’s foreign currency earnings rose by 21,8 percent to US$16,2 billion in 2025, up from US$13,3 billion the previous year, buoyed by favourable commodity prices. This marks the highest performance the country…

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AMA to audit cotton crop data

THE Agricultural Marketing Authority (AMA) will carry out a nationwide validation of the cotton crop to generate reliable data and help stabilise a sector long unsettled by inaccurate estimates. The move follows high-level discussions with contractors, buyers, ginners and other stakeholders to review the crop and agree on measures to ensure a transparent and stable…

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Diesel use hits 1,47 billion litres in 2025

ZIMBABWE’s fuel consumption continues to trend upwards, supported by improved economic activity. Latest data from the Zimbabwe Energy Regulatory Authority (Zera) shows that diesel consumption increased by 31 percent to 1,47 billion litres in 2025, up from 1,12 billion litres in 2024. Petrol consumption also increased by 25 percent, expanding from 568,75 million litres in…

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