By Simbarashe Hamudi THE taxation landscape is witnessing a notable transformation with the introduction of regulatory measures specifically aimed at enhancing compliance among proprietors leasing land or premises to presumptive taxpayers. This shift is particularly embodied in the provisions outlined in Part IIIB of the Finance Act, specifically sections 25F to 25J, which establish a…
THE Financial Gazette will host its Annual Tax Review Breakfast Meeting on 20 February 2026 at the Rainbow Towers Hotel in Harare. Renowned for providing critical insights into Zimbabwe’s taxation landscape, the…
VICTORIA Foods anticipates a robust recovery supported by improved harvests expected this year and new operational strategies to offset steep earnings decline that has rocked the food processor recently. Following a 26 percent operational decline during the year ended September 30, 2025, due to a debilitating drought, the outlook for this year looks promising, thanks…
NMBZ Holdings has acquired a controlling stake in the Zambian deposit-taking microfinance institution, Entrepreneurs Financial Centre (EFC), following regulatory approval from the Competition and Consumer Protection Commission. The strategic acquisition…
NEDBANK Zimbabwe has appointed Heresy Herry as acting managing director with effect from January 23, 2025, taking over from Sibongile Moyo, who resigned. Herry, currently head of origination and sales,…
TANGANDA Tea Company is seeking shareholder approval to raise US$8 million through a rights offer, with the fresh capital earmarked to support working capital needs and fund key capital projects. In an abridged circular to shareholders, the company said the funding would be mobilised via a renounceable rights offer, which allows existing shareholders to purchase…
INVICTUS Energy (Invictus) says it has terminated its agreement with Al Mansour Holdings (AMH) after failing to agree on revised terms. AMH is owned by Sheikh Mansour Bin Jabor Bin Jassim Al Thani, who toured Africa last year, meeting with heads of state and pledging billions in investments. Invictus is actively developing the Cabora Bassa…
WILLDALE’S plant utilisation was at 40 percent during the year ended September 30, 2025, due to working capital constraints that disrupted raw material supply and impacted maintenance work. The brick-making concern’s plant utilisation prior year stood at 62 percent reflecting the impact of limited cash flow into the business, which dragged throughput and overall operational…
INDEPENDENT accounting and business advisory firm Baker Tilly has welcomed the government’s decision to reduce the Intermediate Money Transfer Tax (IMTT) while increasing Value Added Tax (VAT), saying the measures will benefit ordinary citizens. Effective January 1, 2026, Zimbabwe’s IMTT on ZiG-denominated transactions was reduced to 1,5 percent, while the standard VAT rate increased from…
INNSCOR Africa (Innscor) consumed approximately 10 million litres of diesel during the year ended June 30, 2025 (FY2025), with generator use rising by 66 percent as power outages across the country intensified. Critically, the rise in generator diesel consumption suggests persistent or worsening dependence on backup power, resulting in additional cost buildup for the group.…
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