finance

Digital payments plunge 25 percent

ZIMBABWE’S digital payment transactions declined by 25 percent from ZiG275,38 billion in December 2025 to ZiG206,98 billion in January this year, according to latest figures. Data released by the Reserve Bank of Zimbabwe (RBZ) reveals that activity across payment platforms weakened during the review period. Accordingly, transaction volumes declined by 10 percent from 84,23 million…

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Farmers brace for tough marketing season

ZIMBABWEAN farmers are projecting lower margins this agricultural marketing season due to high production costs and the lingering effects of the El Niño-induced drought. This comes as the Zimbabwe Mercantile Exchange (ZMX) held its inaugural auction last week, with opening reserve prices set at US$360 per tonne for white and yellow maize. Speaking to The…

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Zimbabwe, Zambia ink US$2 billion rail deal

ZIMBABWE has signed a memorandum of understanding (MOU) with Zambia for the development of a US$2 billion railway spur linking Kafue in Zambia to Lion’s Den in Zimbabwe. The proposed railway line will traverse key areas in Zimbabwe, including Chirundu, Hurungwe National Park, Makuti, Denis, Chakuti, and Lion’s Den, as well as four districts in…

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Delta expands traditional beer range

DELTA Corporation (Delta) has officially launched Leopard Extra, a new opaque beer brand, as it moves to expand its product portfolio in response to shifting consumer preferences and intensifying market competition. The launch, held on Friday, marks a significant step in the group’s strategy to strengthen its position in the traditional beer segment, which has…

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Chinake appointed Tanganda chairman

TANGANDA Tea Company (Tanganda) has appointed Addington Chinake as its new board chairman, effective March 30, 2026. This marks a leadership shift following the entry of strategic investor Rutanhi Beverages, an Innscor Africa unit. Chinake is a veteran legal practitioner with over 30 years of experience, and he currently serves as chairman of both Innscor…

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