finance

Chiwenga urges regional procurement reforms

VICE President Constantino Chiwenga has called for greater African regional collaboration, innovation, and professionalism to improve public procurement and service delivery.Advertisements Speaking at the Fifth General Assembly of the African Public Procurement Network in Victoria Falls yesterday, Chiwenga stressed the need to equip professionals with the knowledge to navigate the complexities of modern procurement. “By…

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VFEX rallies on USD liquidity gains

THE Victoria Falls Stock Exchange (VFEX) extended its bull run in the nine months to September 30, 2025 driven by increased US dollar liquidity, record high gold prices and improved earnings from listed counters.Advertisements The favourable market conditions have contributed to improved investor confidence and activity, resulting in augmented trading volumes. In its third quarter…

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Call for crackdown on illegal lenders

ZIMBABWE’S microfinance sector has called for a crackdown on illegal money lenders who are undermining confidence in formal lending institutions.Advertisements Illegal lending and unregulated informal financing remain widespread across the country, driven largely by the high number of unbanked citizens and lingering public distrust of banks following years of financial instability. Speaking at the 2025…

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1st NDS ‘a mixed bag’ — analysts

THE country’s National Development Strategy 1 (NDS1) has been a blend of “hits and misses”, economic experts say.Advertisements Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts also warned this week that while NDS1 had laid the groundwork for Vision 2030, policy…

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Fuelling entrepreneurial success in Africa

By Felix MambondianiAdvertisements IN Africa’s dynamic and rapidly evolving entrepreneurial landscape, effective marketing is not merely a business function but a critical driver of success and sustainable growth. Marketing transcends the simple act of selling; it represents a strategic approach to deeply understanding customer needs, creating relevant value, and building enduring relationships within the unique…

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Can renewable energy, micro-grids power Zim rural industrial revival?

By Professor Mandivamba RukuniAdvertisements A RECENT government claim that Masvingo is now self-reliant in electricity following a minigrid at the Mutirikwe (Kyle) Dam has captured local attention. I suppose that Masvingo is not fully islanded from the national grid and that the Mutirikwe installation alone cannot supply the whole city year-round. What matters to me,…

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Esteemed Top Companies Survey honours kick in

ZIMBABWE’s best-performing businesses will be crowned in Harare tomorrow morning at the prestigious Top Companies Survey (TCS) Awards.Advertisements The annual gongs are organised by The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — in close partnership with leading financial services group, Old Mutual Zimbabwe. The pre-eminent…

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Dangote lauds Zimbabwe’s investment landscape

AFRICA’s richest man, Aliko Dangote, has credited Zimbabwe’s improved operating climate and policy transparency as the catalyst for his group’s new multi-billion dollar investment plan for the country.Advertisements The Nigerian billionaire said he plans to invest as much as US$1 billion in Zimbabwe to build cement and power plants as well as a fuel pipeline.…

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ZB to strengthen loan book

ZB FINANCIAL Holdings (ZB) has projected a significant growth in net interest income in the final quarter this year, supported by newly secured lines of credit.Advertisements This comes as the group’s income from lending operations produced muted results during the nine months to September 30, 2025 owing to ‘tight liquidity pressures’. “The group has secured…

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Masimba revenue strategy takes shape

MASIMBA Holdings (Masimba) has reported significant progress in its strategic efforts to diversify its order book by achieving a better balance between private and public sector projects.Advertisements The engineering firm, whose order book consists predominantly of government construction projects, aims to grow orders from the private sector to mitigate risks associated with Treasury payment delays.…

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