O’MARI, a fintech unit of financial services giant Old Mutual Zimbabwe (OMZ) plans to expand beyond digital wallet services as part of a broader diversification strategy to achieve long-term sustainable revenues. The unit introduced new business propositions during the just ended financial year to December 31, 2025 such as nano-loans and micro-savings which focused on…
THE government is refining dairy industry regulations to combat high production costs and low productivity currently hindering the sector’s growth.Officially opening a dairy sector conference in Victoria Falls yesterday, the minister of Lands, Anxious Masuka, said government was improving the policy environment to ensure sustainable growth and increased productivity.“First, of course, I did mention that…
PEOPLE’s Own Savings Bank (POSB)’s deposits soared 42 percent to ZiG1,94 billion during the year ended December 31, 2025, attributable to targeted mobilisation strategies and expanding customer activity.This was against deposits of ZiG1,37 billion recorded in 2024, underscoring growing customer confidence and the bank’s ability to attract new funds in a challenging operating environment.The deposits…
GETBUCKS recorded substantial growth during the year ended December 31, 2025 with total assets jumping five percent to ZiG732,7 million from ZiG697 346 million in 2024 supported by a strong cash position.During the year, the deposit-taking micro-lender got a US$5 million capital injection from a rights issue.As at December 31,2025, the bank’s core capital was…
Masimba Makwembere PROPERTY giant WestProp Holdings is expanding to Chivhu and Bulawayo as part of a major national growth strategy. Speaking during the Megafest 2025 National Awards on Friday night in Harare, WestProp chief executive officer Ken Sharpe said the company had previously focused on Harare because it had enough land to build on for…
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…
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…
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…
CHINA remains committed to supporting Zimbabwe’s food security through advanced agricultural technologies and emergency aid to address climate-induced shortages.Speaking yesterday during the handover of 5 000 metric tonnes of rice in Harare, marking the final batch of emergency food assistance provided following the 2024 El Niño-induced drought, Chinese ambassador to Zimbabwe, Zhou Ding said the…
FORMER presidential aspirant, Elisabeth Valerio, has called on African entrepreneurs to urgently reposition their enterprises for continental trade, warning that failure to build production capacity and coordination could leave the continent exposed in an increasingly competitive global economy.Valerio, who is also founder of the Entrepreneurial and Leadership Initiative for Sustainability in Africa (ELISA), said that…
