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TNF resists Nssa takeover

Masimba Makwembere BUSINESS, labour and government are resisting plans to place the National Social Security Author­ity (Nssa) under the regulatory authority of the Insurance and Pensions Commission (Ipec). This comes after the National Assembly and Senate have recently passed the Insurance and Pension Commission Amendment Bill, which, among other things, seeks to strengthen the country’s…

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Mzembi judgement day set for May

Rutendo Ngara SENIOR STAFF WRITER FORMER minister of Foreign Affairs Walter Mzembi will learn his fate on May 14 regarding charges of criminal abuse of office. The judgment date was pro­nounced on Friday by High Court judge, Justice Benjamin Chikowero. Mzembi is accused of the “il­legal” loaning of public area viewing screens. Defending the move…

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‘Timeline is too tight to satisfy people’s needs’

BRANDON JOSPHAT Chief Writer AHEAD of the start of public hear­ings on the government’s proposed constitutional amendments tomor­row, advocacy groups are agitating for the national consultations to be extended beyond the scheduled four days. Representatives of Defend the Constitu­tion Platform (DCP) and the Constitution Defenders Forum (CDF) told the Daily News On Sunday yesterday that…

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Business

Econet InfraCo lists on VFEX

MASIMBA MAKWEMBERE ECONET Wireless Zimbabwe on Friday announced the successful listing of its infrastructure subsidiary, Econet InfraCo, on the Victoria Falls Stock Exchange (VFEX), marking a significant milestone in the evolution of the country’s capital markets and infrastructure sector. The listing follows a strategic restructuring that consolidates Econet’s telecommunications towers, energy systems, and strategic real…

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Prolific Chiyangwa bags another business award

MASIMBA MAKWEMBERE FLAMBOYANT businessman, Phillip Chiyang­wa, continues to underline his enduring status as a titan in the country’s corporate sector. This comes after the distinguished entre­preneur was bestowed with more accolades this past week — this time bagging the pres­tigious 2025 Megafest National Businessman of the Year Award. The gong — yet another testament of…

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Business

Old Mutual cautiously optimistic of economy

KUDZANAI GEREDE OLD Mutual Zimbabwe (OMZ) says it is cautiously optimistic about the country’s market outlook, citing sus­tained macroeconomic stability sup­porting operations despite external risks from the Middle East conflict. This comes as the diversified fi­nancial services group posted a 43 percent year-on-year increase in after tax profit of US$40,177 million for the year driven…

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Workplace death toll hits peak

ZIMBABWEAN workplaces have become death traps as fatalities surged to a four-year high, prompting a stern government ultimatum to industry leaders. Opening the Occupational Safety and Health (OSH) engineers workshop last week, the minister of Public Service, Edgar Moyo, exposed a chilling reality, the decline in workplace danger had reversed into a deadly upward trend….

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Business

First Capital profit up 52pc

KUDZANAI GEREDE FIRST Capital Bank (FCB) recorded a 52 percent year-on-year surge in prof­it to US$30 million for the year ended December 31, 2025 driven by strong customer acquisition and improved efficiencies from technology-enabled processes. The group’s positive performance also benefited from an expanded omnichannel presence, an upgraded ATM estate, and the deployment of integrated…

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Bulawayo’s commercial debt chokes city revenue

YVONNE NCUBE THE growing concen­tration of municipal debt in Bulawayo’s commercial and in­dustrial zones is raising fresh concerns over the city’s fi­nancial sustainability. Authorities warn that contin­ued non-payment could crip­ple essential services. According to the Bula­wayo City Council (BCC)’s latest newsletter, the central business district, industrial areas, and eastern suburbs account for the largest share…

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RTG posts strong revenue growth

MASIMBA MAKWEMBERE LEADING hospitality firm, Rain­bow Tourism Group, recorded robust growth in 2025, with revenue rising 13 percent to US$50.3 million, up from US$44.4 million recorded in 2024, driven by innovative strategies and the sustained strength of the Group’s diversified hos­pitality and tour operations portfolio. In a statement accompanying the group’s financial results, RTG board…

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