finance

Harare-Istanbul direct flights expected by 2026

ZIMBABWE and Turkey are finalising negotia­tions for the resumption of direct flights between Harare and Istanbul by 2026, a move expected to boost trade, tourism, and investment between the two nations. Speaking at the Turkish National Day celebrations in Harare this week, Foreign Affairs ministry permanent secretary Albert Chimbindi said discussions between civil aviation authorities…

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Tourism investment creates jobs in Vic Falls

THE government says the country’s tourism industry is on the rise, generating new employment opportunities through increasing investments in Victoria Falls. This follows the government’s commissioning of a state-of-the-art US$2 million helipad in Victoria Falls on Wednesday, built by the Zambezi Helicopter Company. Speaking on the sidelines of the event, the minister of Tourism and…

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AirZim expands Harare-Dar frequency

AIR Zimbabwe has increased the flight frequency between Harare and Dar es Salaam, adding a third weekly service to meet rising passenger demand ahead of the festive season. The national carrier is currently operating flights to Tanzania’s commercial capital every Tuesday and Saturday. Air Zimbabwe’s public relations officer, Portia Sigauke, confirmed the new development yesterday,…

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Mixed performance for consumer stocks

CONSUMER goods stocks on the Zimbabwe Stock Exchange (ZSE) and Victoria Falls Stock Exchange (VFEX) put up a mixed performance during the 52 weeks ending October 22, 2025 as liquidity conditions and policy interventions weighed, a latest analyst report shows. Consumer goods stocks represent ownership in companies that manufacture essential items for everyday life, such…

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Business bullish on economic prospects

THE country’s economic outlook for the fourth quarter of 2025 remains overall positive, supported by notable growth in agriculture and mining, business says. This comes as Zimbabwe has revised its economic growth forecast for this year upwards, with the latest projections now at 6.6 percent — a significant rebound from the slowdown experienced in 2024.…

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Trade deficit down 549 percent to US$31 million

ZIMBABWE recorded a 548,8 percent decrease in the trade deficit to US$30,8 million for September 2025 from the August 2025 surplus of US$6,9 million, latest data shows. According to the Zimbabwe National Statistics Agency (ZimStat) latest data, exports in September amounted to US$850,5 million, a decrease of 3,1 percent from the August 2025 value of…

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Zida licenses US$39 billion projects

THE Zimbabwe Investment and Development Agency (Zida) licensed a total of 2 197 projects with a cumulative projected investment of US$38,66 billion between January 2022 and September 2025. Out of the projects, the investment agency said 363 with a cumulative projected investment of US$4,74 billion were monitored during the period. “Notably, a single project, Magcor…

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Telecel enters voluntary business rescue

TELECEL Zimbabwe (Telecel) has been placed under voluntary corporate rescue to rehabilitate its operations, burdened by debts and lawsuits, following a resolution by the board at a recent meeting. The telecommunications firm has experienced a decline in fortunes in recent years due to lack of investment in infrastructure upgrades, leading to substantial losses in market…

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Annual inflation dips to 33 percent

ZIMBABWE’s annual inflation in ZiG eased 50 percentage points to 32,7 percent in October from 82,7 percent in September 2025, official data shows. The slowdown brings inflation closer to the Reserve Bank of Zimbabwe’s 20 percent December 2025 target. The Zimbabwe National Statistics Agency said monthly inflation was -0,4 percent in October compared to -0,2…

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Mine Ventilation Society convenes

THE Mine Ventilation Society of Zimbabwe is holding its two-day Annual General Meeting and Symposium starting today in Bulawayo. Effective ventilation in underground mines has historically been crucial for ensuring worker safety by removing hazardous gases, dust, and other contaminants. Nevertheless, in Zimbabwe, the current legislation is outdated and insufficiently clear, leading to gaps in…

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