VISITING horticulture buyers from different firms in the United Kingdom have lauded Zimbabwean produce, stating that it is organic, not exposed to much herbicides and pesticides, hence its high demand in the European market. The buyers were hosted at the British ambassador Peter Vowels’ residence in the capital on Monday night, with the diplomat telling…
EXPERTS have warned that the worsening Israel-Iran war will further sap Zimbabwe’s ailing economy, amid global oil price hikes. Speaking to The Financial Gazette this week, the experts said that the surge in oil and shipping insurance premiums would definitely have a feed-through effect on Zimbabwe, casting a fresh shadow on the economy. The Middle East…
TOBACCO Sales Floor (TSF) has upgraded its internal farmer payment system, enabling it to credit farmers’ accounts in under an hour after settling sales across all banking networks. TSF, a subsidiary of the Zimbabwe Stock Exchange-listed TSL, has been using TSL Pay for the past four years, paying farmers soon after they completed their sales…
SOUTH Africa’s payments systems firm PayInc has partnered with local blockchain-based fintech Kuva in a move set to strengthen Zimbabwe’s banking and financial services infrastructure. The two parties have since concluded a technical operator agreement following a visit to Harare by PayInc’s senior representatives. The agreement, which spans all 16 SADC countries, appoints Kuva as…
ZIMBABWE’s auction tobacco marketing season opened yesterday with prices reaching US$4,60 per kilogramme, a 1,08 percent decrease compared to last year’s opening price of US$4,65 per kilogramme. The upbeat start has raised optimism among growers and stakeholders, coming at a time when the sector remains one of the country’s leading foreign currency earners. The Tobacco…
PFUMA Fund Real Estate Investment Trust (Pfuma)’s net asset value (NAV) will rise from approximately US$46,73 million to US$53,93 million this year, driven by pipeline development completions, a new report shows. Pfuma was listed in February this year, becoming the second REIT on the Victoria Falls Stock Exchange (VFEX) after Eagle REIT, which was incorporated…
NATIONAL Handling Services Zimbabwe (NHS) expects to rake in US$900 000 in revenue from its airport lounge operations this year as business diversification continues to bear fruit. The company’s airport lounge operations encountered a major setback last year after a major airline that used its services pulled out. Nevertheless, NHS, which has recently witnessed a…
ZIMBABWE’s platinum output dropped by two percent to 502 000 ounces in 2025, from 512 000 ounces recorded in 2024, attributed to power disruptions and lower grades weighing on volumes, latest data shows. According to an update from the World Platinum Investment Council (WPIC), platinum production is expected to increase by three percent this year…
INCREASED market exposure to substandard electrical products because of failure to curb smuggling is creating uneven competition and heightened safety risks, Cafca chief executive Vimbayi Nyakudya has said. The proliferation of substandard cables has seen a marked increase in electrical faults, in some cases, triggering uncontrollable fires resulting in massive damage to property for households…
FIRST Capital Bank has upgraded its Internet Banking platform to allow corporate clients to make Telegraphic Transfers online, a move aimed at streamlining cross-border trade payments. The bank said the enhancement is designed to provide faster, more convenient services, particularly for businesses involved in foreign trade and regional transactions. Speaking at a recent Mining Indaba…
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