FIRST Capital Bank delivered a solid financial performance during the third quarter of 2025, posting a 14 percent growth in total income to US$64,8 million for the nine months ended September 30, 2025.Advertisements The Victoria Falls Stock Exchange-listed firm’s total deposit base expanded by 26 percent year-on-year to US$199 million, while its loan portfolio grew…
CALEDONIA Mining Corporation says the changes in the royalty regime, from last week’s 2026 national budget, will adversely impact profitability.Advertisements Under this new system, gold producers will pay a royalty of three percent if the price is up to US$1 200 per ounce (oz), five percent for prices between US$1 201 to US$2 500/oz, and…
AXIA Corporation (Axia) is pursuing expansion into new regional markets as part of its growth strategy, aiming to capitalise on emerging economic opportunities.Advertisements The group, which owns TV Sales & Home (TVSH) and Transerv, already has a regional footprint through its distribution and logistics subsidiary, Distribution Group Africa (DGA), which operates in Zimbabwe, Zambia and…
TREASURY continues to divert budgetary allocations while a significant number of ministries and state agencies fail to fully utilise resources, laying bare weak financial efficiency within the government.Advertisements This came out in the 2026 national budget statement tabled by the Finance minister, Mthuli Ncube, last week. According to the Treasury, as at September 30, 2025,…
KUVIMBA Mining House (KMH) says it has so far spent about US$3 million to extend the operational lifespan of its three gold mines.Advertisements Kuvimba’s gold cluster comprises Freda Rebecca Gold Mine, Shamva Gold Mines and Jena Mines. Freda currently has a mine life of about five years. The primary goal is to extend the mine’s…
PLAYERS in the mining sector have warned that the restructuring of the gold royalty system will further erode already narrow profit margins and threaten the sustainability of the industry.Advertisements In the 2026 national budget, Finance Minister Mthuli Ncube proposed a harmonised royalty structure for all gold producers, which includes a three percent royalty fee for…
By Dr Prince Abudu AS Africa increasingly leans towards the local development of artificial intelligence (AI) solutions, one thing has become clear: we need enormous computing power. From preparing datasets…
By the Marketers Association of ZimbabweAdvertisements THE calendar marks the arrival of strategy season, and for organisations that take growth seriously, it is far more than a meeting. It is a high-stakes forum where leaders pause, reflect, and chart the trajectory for the year ahead. Every insight matters, every voice counts, and every decision has…
FOREIGN direct investment into Zimbabwe is expected to reach US$847 million next year, as the government steps up efforts to improve the business operating environment.Advertisements In his 2026 national budget statement, Finance minister Mthuli Ncube said foreign direct investment (FDI) inflows grew from US$151 million in 2020 to an estimated US$799 million in 2025. “Since…
STANBIC Bank Zimbabwe (Stanbic) has reaffirmed its long-standing commitment to the fight against cancer by increasing its annual donation to the Cancer Association of Zimbabwe (CAZ) from last year’s US$20…
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