STANBIC Bank Zimbabwe (Stanbic) convened its first Blue on Green Sustainability Forum, aiming to raise awareness on sustainability and its role in shaping Zimbabwe and Africa’s future. The financial institution’s chief executive, Solomon Nyanhongo, said the forum marked a significant milestone for the Standard Bank Group subsidiary as it provided a platform for key stakeholders…
THE demise of the long-term savings culture in local banks by depositors has weakened mortgage lending into the real estate sector, financial experts have said. This came out at the Zimbabwe Real Estate and Construction Summit held this week, where it was also revealed that the lack of investment in other financial products, such as…
FINANCIERS should strike a balance between investing in commercial and residential property development to close the widening housing gap in the country, industry players have said. This comes as most banks, companies with free funds and pension funds are skewing towards commercial properties, with higher returns over housing. Zimbabwe currently faces a housing backlog estimated…
PLAYERS in the real estate and construction industries are pushing for increased local production of building materials to lower input costs and reduce dependence on imports. Local manufacturers of building materials continue to be hamstrung by high input costs, currency fluctuations, and inflation, with reports suggesting that costs are double the regional average. Yet, constructors…
RAINBOW Towers Group’s (RTG) flag ship hotel Rainbow Towers is generally known for providing a pleasant and refreshing sleep experience due to its focus on comfortable beds, quality linens, pillows…
THE Mine Ventilation Society of Zimbabwe president, Tonderai Chikande, has appealed to the authorities to urgently come up with new ventilation and occupational hygiene regulations relevant to the current mining environment. Chikande made the call at the Mine Ventilation Society of Zimbabwe’s annual general meeting held in Bulawayo last week. “Many of our current ventilation…
THE Civil Aviation Authority of Zimbabwe (CAAZ) achieved an operating surplus of ZiG251,29 million for the year ended December 31, 2024, reversing a deficit of ZiG155,7 million prior year due to cost-cutting measures and increased revenue flows. Nipping escalating operational costs has been at the centre of the company’s turnaround strategy amid higher financing costs…
THE Robert Gabriel Mugabe International Airport handled 1,19 million passengers between January and September 2025, marking an 8,19 percent increase compared to the 1,10 million passengers recorded in the comparable period in 2024. According to the Airports Company of Zimbabwe (ACZ), August had the highest number of passengers at 171 513 while February had the…
CALEDONIA Mining Corporation Plc (Caledonia) is actively investing in modernising Blanket Mine and advancing its growth pipeline, which includes optimising the Bilboes Sulphide Project and exploring the Motapa gold claims. The Victoria Falls Stock Exchange-listed miner is focused on gold production. Our managing editor, Adelaide Moyo (AM), caught up with Caledonia’s chief executive, Mark Learmonth (ML),…
AUTHORITIES have streamlined operations in the wholesale and retail sector by merging 11 fragmented local authority licences into a single one to enhance the ease of doing business and stabilise basic goods prices. This major reform follows Parliament’s call for the government to swiftly align newly introduced taxes and levies through a Statutory Instrument (SI)…
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