THE World Bank has commended the Zimbabwean government for sustaining the prevailing macroeconomic stability, describing it as a positive step in the ongoing debt resolution process. Zimbabwe is actively seeking to eradicate its debt stock through an arrears clearance and debt resolution process, which involves the implementation of economic and governance reforms as well as…
THE third edition of the State of the Service Economy Survey (SOSES) will be launched next week in the capital. The event, set for December 10 in Harare, is being…
ZIMRE Holdings (Zimre) says it remains committed to maintaining and building foreign investments that leverage on regional integration and trade policies. The group said it is actively pursuing a capital raise for its reinsurance subsidiary, Emeritus International Reinsurance, as the centrepiece of its strategy to boost its continental presence. “As we close 2025, the group…
By Ephraim Chawoneka IN today’s world of tight financial investigation and rising expectations from investors, lenders, and the public, governance has become one of the most important factors influencing an organisation’s creditworthiness. In Zimbabwe, both private companies and public institutions are increasingly judged on how well they are governed. Agencies such as ICRA Zimbabwe, which…
PPC Zimbabwe reported a 25 percent increase in sales volumes during the half year to September 30, 2025, driven by growing demand in the market and the introduction of a 30 percent surcharge on cement imports in May. The cement maker said in US dollars, revenue at PPC Zimbabwe increased at the same rate as…
FIRST Capital Bank delivered a solid financial performance during the third quarter of 2025, posting a 14 percent growth in total income to US$64,8 million for the nine months ended September 30, 2025. The Victoria Falls Stock Exchange-listed firm’s total deposit base expanded by 26 percent year-on-year to US$199 million, while its loan portfolio grew…
CALEDONIA Mining Corporation says the changes in the royalty regime, from last week’s 2026 national budget, will adversely impact profitability. Under this new system, gold producers will pay a royalty of three percent if the price is up to US$1 200 per ounce (oz), five percent for prices between US$1 201 to US$2 500/oz, and…
AXIA Corporation (Axia) is pursuing expansion into new regional markets as part of its growth strategy, aiming to capitalise on emerging economic opportunities. The group, which owns TV Sales & Home (TVSH) and Transerv, already has a regional footprint through its distribution and logistics subsidiary, Distribution Group Africa (DGA), which operates in Zimbabwe, Zambia and…
TREASURY continues to divert budgetary allocations while a significant number of ministries and state agencies fail to fully utilise resources, laying bare weak financial efficiency within the government. This came out in the 2026 national budget statement tabled by the Finance minister, Mthuli Ncube, last week. According to the Treasury, as at September 30, 2025,…
KUVIMBA Mining House (KMH) says it has so far spent about US$3 million to extend the operational lifespan of its three gold mines. Kuvimba’s gold cluster comprises Freda Rebecca Gold Mine, Shamva Gold Mines and Jena Mines. Freda currently has a mine life of about five years. The primary goal is to extend the mine’s…
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