Tariro TumbukayiStaff Writer ZIMBABWE’s property market has remained a haven for investors amid exchange rate volatility, soaring inflation and an unstable policy environment that has undermined traditional assets, a new study shows.According to a report by First Mutual Wealth (FMW), listed equity markets have struggled with weak liquidity and remain highly volatile, a situation that…
DESPITE the liberalisation of grain selling in the country, the Grain Marketing Board (GMB) is transitioning to become a national warehouse, offering storage services to private sector players who can then collect their grain from any depot across the country. This strategic shift is aimed at curbing significant post-harvest losses incurred by farmers. Losses are…
THE Zimbabwe National Statistics Agency (Zimstat) has called on the government to incentivise private sector investment in climate-smart agriculture to strengthen the country’s food security.According to the 2024-25 post-harvest survey, Zimbabwe produced 2,2 million metric tonnes of cereals.This comprised 1,8 million metric tonnes of maize, 288 344 metric tonnes of sorghum, 111 399 metric tonnes…
Hilmax Engineering is charting a strong recovery through renewed supplier partnerships, workforce motivation, and strategic investments. Our Group Features Editor Beaven Dhliwayo (BD) spoke to Managing Director Shephard Kembo (SK) about the company’s transformation, operational milestones, and vision for sustainable growth in Zimbabwe’s engineering sector. BD: Hilmax Engineering has demonstrated remarkable operational progress. What would…
CHEVRONS captain Craig Ervine is optimistic that Zimbabwe will do well in the one-off Test match against Afghanistan which gets underway at Harare Sports Club today. Apart from the one-off Test, the two familiar foes will also clash in three T20Is that have been squeezed into a two-week window. Speaking at a press conference at…
THE Tobacco Board of Zambia (TBZ) has commended Zimbabwe’s transformative measures in its tobacco industry, which have seen the country achieve a record production of 355 million kilogrammes in the 2024/25 season. Speaking to the Daily News during the ZimbabweChina Tobacco Expo in Harare last week, TBZ corporate affairs manager Lee Haamunji said Zambia aimed…
THE Government has expressed frustration over the slow rate of the winter wheat harvest, raising concerns that some farmers’ crops will be damaged by impending rains. Agricultural Rural Development Advisory Services chief director Medlinah Mangwenzi acknowledged that while the short supply of combine harvesters had been rectified, the pace of harvesting remained worrisome. “We are…
OLD Mutual says investing in youth will serve Zimbabwe as the company promotes Science, Technology, Engineering, and Mathematics (STEM) education, aligning with the country’s Education 5.0 mandate. Speaking during a Zimbabwe Mathematics Olympiad ceremony in Harare on Friday, the company’s managing director, Rutendo Magorimbo, stressed that investing in youth would help Zimbabwe solve industrial problems…
INDUSTRY has called for a shift in the country’s tax policy landscape, highlighting that formal businesses bear an uneven tax burden. In its Policy Submissions for the 2026 National Budget, the Zimbabwe National Chamber of Commerce (ZNCC) proposed an essential overhaul of the multi-currency Value Added Tax (VAT) and Intermediated Money Transfer Tax (IMTT) regimes…
THE Agriculture sector has seen significant growth, expanding from a US$5,6 billion industry to US$10,3 billion this year. This represents a 73,9 percent increase, driven by strong performance in tobacco, wheat, and blueberry production. Making a presentation at the just-ended Zanu PF conference in Mutare, Finance minister Mthuli Ncube highlighted the sector’s achievements, noting that…
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