ZIMBABWE’s huge public debt and its tenuous de-dollarisation plan remain major issues as the country fights to lift its economy further.Experts have said this week that the country’s debt overhang was limiting access to much-needed international finance, while the de-dollarisation quest was struggling with a grudging acceptance of the ZiG.This comes after the International Monetary…
SIMBISA Brands (Simbisa) is set to fully procure its raw materials locally as part of ongoing efforts to support local manufacturers and cushion the business from high operating costs.This positions the fast-food restaurant operator — with 335 stores across Zimbabwe — as a major player in supporting domestic manufacturing and job creation.At a time when…
FUND managers are gradually returning to company stocks while reducing their exposure to real estate, as stable market conditions continue to strengthen sentiment in the equity market.The trend is reflected in the latest Securities and Exchange Commission of Zimbabwe (SecZim) Capital Markets Overview for the second quarter of 2025.Previously, fund managers were easing their weight…
UNIFREIGHT Africa’s revenue for the six months to June 30, 2025 reached ZiG545,5 million, from ZiG165 million a year earlier on improved demand for its services on the back of expanded fleet capacity.Subsequently, a profit before tax of ZiG51,6 million was achieved.The transport and logistics firm has been steadily growing its capacity and this has…
RETAIL investor participation on equity markets’ direct access platforms, the Zimbabwe Stock Exchange (ZSE) Direct and C-Trade, grew 14 percent during the second quarter to June 30,2025 signalling improved interest from locals.A retail investor is an individual who invests their personal money in financial products like stocks and bonds for their own accounts, rather than…
THE government has committed to expanding its irrigation network and the full adoption of a climate-resilient farming model as part of a national strategy to safeguard food security.Minister of Agriculture, Anxious Masuka, said the government is targeting to increase the area under irrigation from 175 000 hectares in 2020 to 496 000 hectares by 2030.“Currently,…
TIGERE Real Estate Investment Trust (Tigere REIT) posted a 72,3 percent year-on-year increase in profit for the third quarter ended September 30, 2025 to US$1,47 million from US$854 000 previously, supported by growth in portfolio and cost optimisation.The property firm’s recent acquisition of Highland Park Phase Two has increased tenancy supplementing revenue from the other…
ZB BANK aims to monetise its recently attained Sustainable Standards Certification Initiative (SSCI) certification by applying for credit lines from the Green Climate Fund (GCF), its chief executive, Elisha Chibvuri, has said.The SSCI certification, awarded by the European Organisation for Sustainable Development (EOSD), was conferred on ZB Bank — the banking subsidiary of ZB Financial…
THE Infrastructure and Development Bank of Zimbabwe (IDBZ) has begun the search for a new substantive chief executive following the departure of Thomas Sakala, who completed his 10-year term in August this year.IDBZ has contracted an independent consultancy firm, Proserve Consulting Group, to search for the candidate who will take charge of the bank’s strategic…
ZIMBABWE’s first ever micro, small and medium enterprises (MSMEs) survey report launch and awards ceremony will take place on November 26, 2025, in Harare, marking a significant step toward recognising and empowering local emerging businesses.The project is being spearheaded by The Financial Gazette and the Small and Medium Enterprise Development Corporation (SMEDCO) while Consumer Feedback…
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