EXPERTS have warned policymakers against turning industrial policy into an instrument of permanent protectionism.Advertisements Instead, they called for carefully designed, time-bound safeguards that nurture industry without overburdening the national fiscus. This comes as the country moves towards finalising a five-year roadmap meant to accelerate industrial growth from 2026 to 2030, the Zimbabwe National Industrial Development…
THE government must shun complacency and adopt a rigorous, disciplined approach to managing the gold sector in this era of unprecedented opportunity for the industry.Advertisements The country is clearly benefiting from rising output and buoyant global prices, yet these gains will remain fragile unless matched by serious reforms. Record deliveries are encouraging, but production figures…
THE third edition of the State of Services Economy Survey (SOSES) will be launched on December 10 in Harare.Advertisements ZB Financial Holdings is funding the survey, with The Financial Gazette and TATU Advertising serving as project partners. “The research team at Consumer Feedback Consultancy is currently in the field and finalising data collection ahead of…
ZIMBABWE is rapidly transitioning to a services-based economy from a resource-driven one, leveraging digitisation and artificial intelligence, a prominent technology expert has said.Advertisements Speaking at the 2025 Top Companies Survey awards ceremony, organised by The Financial Gazette with sponsorship from Old Mutual Zimbabwe, guest of honour and Liquid Cloud and Cyber chief executive Oswald Jumira…
SIMBISA Brands (Simbisa) anticipates its digital shift and restructuring exercise to bolster operational efficiency and expand market reach as it moves to protect margins through stricter cost control efforts.Advertisements The group has seen significant utilisation of its digital applications for sales and deliveries by customers in key markets, such as Zimbabwe and Kenya. This comes…
MEIKLES’ diesel consumption increased by 20 percent to 3,75 million litres in 2025, from 3,12 million litres in 2024, owing to persistent power outages, which necessitated increased use of diesel-powered generators.Advertisements The growth in diesel consumption means additional operating costs for the retailer, which also requires huge volumes for its delivery vehicles operating across the…
NET interest income from lending activities supported FBC Holdings (FBC) in maintaining profitability during the third quarter ending September 30, 2025, even as total income declined by 39 percent to ZiG2,8 billion from ZiG4,6 billion in the same period last year.Advertisements The bank capitalised on strong credit demand in the economy to boost its loan…
AFRICAN Sun posted a four percentage points decrease in occupancy to 64 percent during the third quarter ended September 30, 2025 attributed to reduced spending by non-governmental organisations (NGOs) and the government.Advertisements Traditionally, both the government and the NGO sector have been major contributors to the local hospitality industry by hosting and sponsoring strategic workshops…
FIRST Mutual Properties (FMP) successfully offset a decline in occupancy levels across its property portfolio through improved US dollar revenue and rental collection rates during the nine months to September 30, 2025.Advertisements US Dollar-denominated revenue contributed 86 percent of total income, from 76 percent comparable period last year, reflecting the trend across the broader economy.…
OK ZIMBABWE (OK) says its US$30,5 million turnaround effort has been impacted by limited liquidity and prolonged delays in asset disposals.Advertisements In a market update, the retailer said that from its turnaround plan, the rights offer was successful and raised US$20 million. The group said an additional capital raise plan of US$10,5 million through the…
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