THE government will introduce lithium concentrate export quotas and a mandatory declaration policy to curb under-reporting and ensure the full accounting for export proceeds. Advertisements This is part of the Ministry of Mines’ mandatory conditions that mining companies must meet for the government to lift the current ban on lithium concentrate exports. In a letter…
AFRICAN Century Limited (ACL) reported an 83 percent surge in deposits to ZiG221,1 million for the year ended December 31, 2025, up from ZiG120,5 million the previous year, attributed to a growing customer base and a strategic shift to digital services.Advertisements The financial institution said the growth in deposits and income streams was supported by…
TREASURY says it paid US$22,7 million toward external service obligations during the fourth quarter of 2025 as it intensifies its debt-clearing efforts.Advertisements According to the latest treasury bulletin, the external payments, which include the servicing of liabilities assumed by the treasury from the Reserve Bank of Zimbabwe (RBZ), began with a US$10,85 million disbursement in…
TN CYBERTECH Investments Holdings (TN CyberTech) recorded a 332 percent surge in cash withdrawal income in the 10 months to December 31, 2025, driven by continued innovation and expansion of its ATM network.Advertisements The strong performance comes as the bank accelerates the rollout of its smart ATM infrastructure as part of a broader strategy to…
PROPLASTICS has warned that a Treasury directive to pay suppliers exclusively in ZiG will exert pressure on its value chain and broader currency stability.Advertisements The policy seeks to entrench the use of the local currency, tighten public spending controls and ensure value for money. “The continued alignment of fiscal and monetary policies on this matter,…
ZIMPLOW Holdings (Zimplow) has reopened discussions with prospective buyers for a US$3,2 million Harare property after terminating an earlier sale agreement approved by shareholders.Advertisements The move forms part of the group’s strategy to recycle capital from non-core assets into higher-return operational investments. The Victoria Falls Stock Exchange-listed company had previously entered into an agreement with…
STANBIC Bank recorded a 39 percent increase in customer deposits to ZiG20,9 billion for the year ended December 31, 2025, driven by improved customer acquisition, rising market confidence and enhanced deposit mobilisation efforts.Advertisements The strong deposit growth comes amid a stable macroeconomic environment marked by easing inflation and tighter liquidity controls. The bank’s performance was…
UNIFREIGHT Africa (Unifreight) plans to shore up its fleet and capacity this year as it races to grow tobacco haulage volumes to over 100 million kilogrammes (kgs) in 2026 from 84 million kgs transported in 2025.Advertisements The transport and logistics firm will acquire an additional 70 trucks in the operating plan to meet a target…
GETBUCKS Microfinance Bank (GetBucks) says it is targeting to complete the revamping of its information communication technology (ICT) systems by the end of the second quarter this year.Advertisements Through investing in these digital upgrades, the deposit-taking micro lender wants to expand market share and remain competitive. “The bank will look to improve operational efficiencies as…
FBC Holdings recorded a 69 percent increase in profit after tax to ZiG789,1 million for the year ended December 31, 2025, driven by strong growth in core income streams.Advertisements Income from lending, transactions and payment processing rose 34 percent and now contributes over 80 percent of total revenue. “These results underscore the group’s resilience in…
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