By Bothwell Nyajeka THE reality of today’s boardrooms is that directors do not just join, they also leave. Serving as a non-executive director (NED) is no longer ceremonial. It is demanding work, often added on top of an NED’s day job or other board roles, all requiring significant time, attention, and accountability. With growing legal…
THE government’s recent move to liberalise the energy sector will unlock urgently-needed investment and mitigate the country’s power shortages, experts say. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts added this week that the success of the strategic decision would hinge…
BRITISH American Tobacco Zimbabwe (BAT) contributed US$14,04 million in taxes in 2024, underscoring the critical role the company plays in domestic resource mobilisation. Of the amount, US$7,6 million was excise duty and value added tax, while corporate tax contributions amounted to US$5,4 million. The cigarette maker also contributed through various tax heads such as capital…
TREASURY expects total revenue collections to reach ZiG270,3 billion (US$7,5 billion) this year, against a projected total expenditure of ZiG276,4 billion (US$7,7 billion). Finance minister Mthuli Ncube said preliminary outturn for the first nine months of the year indicates that revenue collected has reached ZiG156,3 billion against expenditures of ZiG151,7 billion. “On a cash basis,…
PROSPECT Resources (Prospect) is disposing of its Step Aside lithium project in Zimbabwe for US$2,2 million to Fatima Resources, with proceeds to be channelled toward exploration at its Mumbezhi copper project in Zambia. The group’s strategic focus on copper comes as lithium prices have taken a nosedive during the past two years. A share sale…
PLATINUM miner Zimplats says operational costs rose 21 percent year-on-year during the quarter ended September 30, 2025, primarily driven by employment costs and open pit mining. This comes as platinum prices improved this year following a slump in the preceding year which impacted most miners’ viability. “Total operating costs increased by 21 percent from the…
SIMBISA Brands (Simbisa)’s revenue for the current financial year ending June 30, 2026 is projected to grow by 16,5 percent to US$356,92 million, driven by store expansion and stronger delivery sales, a new report shows. In its latest earnings update, research firm Inter Horizons (IH) Securities said the anticipated upward trend in the group’s topline…
THE Zimbabwe Power Company (ZPC) awarded contracts worth US$10 million in the third quarter of 2025 to supply engineering materials, electrical components, and related services to maintain and upgrade its power generation assets. According to a contract award notice published by ZPC, at least 13 companies secured work across a range of technical supply areas.…
AFRICAN Distillers (Afdis) spent US$42,24 million on total procurement during the year ended March 31, 2025, with local supplies accounting for nearly half the total, the company said in its annual report. Afdis, which produces wines and spirits, said it spent US$19,91 million on locally sourced raw materials, packaging and services, as part of its…
THE government is now providing sovereign guarantees to power projects after the local energy regulator revealed that more than half of licenced independent producers are yet to begin operations. The shift comes as Zimbabwe faces severe power shortages affecting both industry and households. A successful independent power producers (IPPs) programme is considered vital to reducing…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More