Business

ZIMBABWE is losing most of its gold output to poor recovery techniques used by artisanal and small-scale miners. Speaking during a Planet Gold Zimbabwe workshop in Bulawayo yesterday, ministry of Mines chief engineer Michael Munodawafa said poor recovery techniques were resulting in substantial mineral losses, undermin­ing both national revenue and miners’ earnings. “A miner may…

MUTAPA Investment Fund (MIF) achieved a US$21,7 million surplus after tax for the year ended December 31, 2025, marking a 503 percent jump from US$3,6 million in 2024 aided mainly by strong dividend income.MIF, the country’s sovereign wealth fund, manages a portfolio of 30 companies adding up to approximately 70 including associates and subsidiaries.Dividend income…

PUBLIC investment should prioritise the ex­pansion of mobile broad­band and affordable data coverage in underserved rural and farming areas, the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) has said. The call comes as many rural communities continue to lack reliable and affordable internet access, limit­ing smallholder farmers’ ability to utilise digital platforms…

Masimba Makwembere PARLIAMENT has summoned the minister of Agricul­ture, Mechanisation and Water Resources Development, Anxious Masuka, to present a ministerial statement over low tobacco prices being offered to farmers at auction floors during this year’s marketing season. The move comes as prices have remained below the cost of production for most growers, averaging between US$1.50…

DELTA Corporation (Delta) has officially launched Leopard Extra, a new opaque beer brand, as it moves to expand its product port­folio in response to shifting con­sumer preferences and intensify­ing market competition. The launch, held on Friday, marks a significant step in the group’s strategy to strengthen its position in the traditional beer segment, which has…

THE Zimbabwe International Trade Fair (ZITF) Company has intro­duced the ZITF 2026 Black Card, an exclusive VIP access pass designed to offer top tier visitors a seamless, comfortable, and highly personalised experience during this year’s fair. The black card would be available in limited numbers for senior execu­tives, high value buyers, business leaders and strategic…

Tapiwa Chirume FERROCHROME producer, Zimbabwe Mining and Smelting Company (Zimasco), plans to establish a 100-megawatt solar power plant in Redcliff, Midlands Province, to secure reliable electricity for its smelting operations and feed surplus power into the national grid. In a public notice yesterday, the company confirmed the proposed solar farm would be developed on a…

POLITICAL EDITOR THE government has approved sweeping reforms to the agriculture sector to improve the ease of doing business and strengthen national food security. In a statement yesterday, the min­ister of Finance, Mthuli Ncube, said the reforms were part of a broader effort to streamline regulations and reduce the administrative burden on farmers and agribusinesses….

Tapiwa Chirume THE minister of Industry and Com­merce, Mangaliso Ndhlovu, has called for the urgent adoption of energy-efficient transport, includ­ing electric vehicles (EVs), to shield Zimbabwe from global geopolitical shocks. Speaking at the First Quarter Review Dialogue on Geopolitical Risks in Harare, Ndhlovu argued that the nation must overhaul its energy and transport systems to…

THE People’s Own Savings Bank (POSB) has signed up to the United Nations Principles for Responsible Banking (PRB), becoming the first local bank to be a signatory of the global framework.The PRB was established by the UNEP Finance Initiative (UNEP FI) in 2019 to align the banking sector with the UN Sustainable Development Goals (SDGs)…