THE government must use the second phase of the Zimbabwe National Industrial Development Policy (ZNIDP) to ramp up the growth of the country’s economy. So say business leaders and top economists, as authorities prepare to roll out ZNIDP 2, which will run from 2026 to 2030. Speaking to The Financial Gazette — the country’s number…
NMBZ’s business reengineering exercise significantly eroded profit margins during the third quarter ended September 30, 2025, after once-off expenses propelled operating costs by 70 percent year-on-year to ZiG1,1 billion. The group redesigned its business processes from the ground up to achieve improvements in operational performance. In its latest trading update, the diversified financial services provider…
By Professor Mandivamba Rukuni OCTOBER and November are the seasons for strategy sessions and retreats for corporates and government ministries alike. I was honoured to accept an invitation to speak at this week’s Agricultural Research Council (ARC) strategy session on “Agric R&D Contribution to Rural Development & Industrialisation Linkages — Tertiary Education Contributions.” What I…
FINANCE minister Mthuli Ncube presents the 2026 national budget today, as Zimbabwe transitions from National Development Strategy 1 (NDS1) to NDS2. Business leaders and economists urged the treasury chief to prioritise inclusive growth, fiscal discipline and industrial transformation, highlighting that this is key for Zimbabwe’s long-term prosperity. They say the statement is a crucial chance…
CAFCA has streamlined its operations to reduce costs and defend market share as volumes dropped significantly during the year ended September 30, 2025 due to stiffer competition. During the year, the government introduced Statutory Instrument (SI) 157 of 2024 which exposed the market to the influx of cheaper and substandard imported cable products. “We adapted…
ZIMPLOW Holdings (Zimplow) reported a marked increase in high-value machinery sales during the third quarter of 2025, thanks to improved access to credit by its clients. This comes as the credit market has gradually improved recently, with most banks channelling financing toward productive sectors. This has brought some welcome relief to cash-strapped businesses seeking to…
DAIRY farmers must produce more than 37 million litres of milk by end of this year to meet a government target, a goal that now looks unlikely after output for the first 10 months reached just 99,64 million litres, official data shows. Treasury expected total production to hit 137 million litres this year, to make…
ZIMBABWE’S digital payment activity rose in September, with transaction values up 17 percent to ZiG239,91 billion and volumes inching up one percent to 72,19 million, according to central bank data. The surge reflects the growing acceptance of digital transactions across the economy. Real-Time Gross Settlement System (RTGS) values increased 21 percent from ZiG109,47 billion in…
FBC Holdings (FBC) says it is prudently expanding its loan book to minimise risks in a liquidity-tight market after loans and advances reached ZiG10,5 billion in the nine months to September 30, 2025. This comes as the domestic economy has witnessed an increase in appetite for credit at a time some financiers are reluctant to…
ZIMRE Holdings registered a profit of US$13,3 million during the nine months to September 30, 2025, which was 36 percent above the prior year, supported by top-line growth, cost containment and the growth in investment income. Group total income climbed 20 percent to US$76,4 million on the back of the growth in insurance contract revenue,…
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