THE local currency, ZiG, now accounts for nearly 40 percent of all national payment system transactions, marking a steady improvement in its acceptance by the market, latest figures from the Reserve Bank of Zimbabwe (RBZ) show. Zimbabwe operates a multi-currency system, which, however, largely remains tilted towards the US dollar. The latest data signals a…
THE country’s record gold haul in 2025 has raised business hopes for more sustained macroeconomic and ZiG stability going forward. Economic experts who spoke to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — said this week that both the continuing high global prices for the…
LOCAL equities should ride on the growth momentum realised last year, driven by sustained macro-economic stability, increased foreign currency adoption and improved sentiment, market analysts have said. While the Zimbabwe Stock Exchange (ZSE) remains susceptible to tight liquidity conditions, the prolonged ZiG stability presents reasonable ground for investors to stake their local currency quoted stocks.…
NMB Bank (NMB) says it is in discussions with local insurance firms to develop a credit insurance guarantee aimed at improving farmers’ access to finance. The move follows persistent collateral challenges, which continue to hinder lending to farmers. NMB Bank divisional executive Erasmus Bhunu confirmed that the bank is working with three insurers to develop…
ZIMBABWE’S debt management and reporting regime have remarkably improved over the last five years, as the country has moved from “red flags” to green zones in many categories, officials say. This comes as Harare’s debt mountain has crept up to US$23 billion and Finance minister Mthuli Ncube is hoping “to deepen the domestic financial market…
BRICK manufacturer Willdale expects improved cash flow this year, supported by proceeds from the sale of housing stands and enhanced operational efficiency. This comes as the group’s production levels have been impacted by severe cash flow challenges due to weaker profit margins from reduced brick selling prices and high costs. To address this, Willdale is…
ONE of Victoria Falls’ most iconic dining and entertainment attractions, The Boma – Dinner & Drum Show, has recorded its strongest performance since opening more than three decades ago, achieving…
ZIMBABWEAN business leaders and economists have broadly welcomed the Reserve Bank of Zimbabwe (RBZ)’s intention to move from a tight to a prudential monetary policy thrust. The new policy is part of the central bank’s reviewed five-year roadmap aimed at protecting consumers, restoring credit flows and sustaining the economy’s hard-won stability. RBZ governor John Mushayavanhu,…
INNSCOR Africa (Innscor) plans to set up an additional 25 megawatts (MW) of solar power across its business units by the end of the 2027 financial year as part of its efforts to enhance energy efficiency. The move is expected to lessen reliance on unreliable grid electricity supply and significantly reduce energy costs, which remain…
GREENFIELDS Retail Centre boosted Tigere Real Estate Investment Trust (REIT) revenue for the fourth quarter ended December 31, 2025, surpassing the full-year target and lifting overall portfolio earnings. In a pre-close statement, Tigere said positive trading by key tenants translated into higher rental income by year-end. “Tenants such as Smokehouse, Hungry Lion, Rocomamas, Spar, Liquor…
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