Business

ZIMBABWE Posts (Zimpost) is shedding its traditional image to become the heartbeat of the nation’s green revolution following a recent landmark strategic partnership signed with Telco Holdings.Postmaster general Maxwell Chitendeni announced the transformative deal, which will see Zimpost’s vast network of post offices repurposed into modern, eco-friendly service hubs that integrate clean energy with high-tech…

STRONGER Sadc collaboration is critical to unlocking energy efficiency and strengthening power supply across southern Africa, the government says.Speaking at the Sadc Sustainable Energy Week in Victoria Falls on Tuesday, the minister of Energy, July Moyo, called for strengthened partnerships between member states.“We applaud the progress made to date in unlocking energy efficiency, but we…

PARLIAMENT is actively pushing for the reduction of the intermediated money transfer tax (IMTT) on US-dollar transactions from the current two percent to 1,5 percent to encourage deposits, chairman on budget committee Lincoln Dhliwayo has said.He said this at the Annual Tax Review Breakfast Meeting hosted by our sister business paper The Financial Gazette on…

CONSTRUCTION industry experts say Zimbabwe is integrating technology into the sector to attract both domestic and international investment.The industry is evolving through the adoption of green technologies, including solar energy and rainwater harvesting, alongside modern materials such as light gauge steel. In an interview, the president of the Zimbabwe Building Contractors Association, Tinashe Manzungu, said…

THE City of Mutare has received approval for its ZiG2.5 billion 2026 budget, but the government has tied the green light to the full integration of all the city’s Information Communication Technology (ICT) systems by June 30.Council town clerk Blessing Chafesuka yesterday confirmed the conditional approval, saying the local authority had been directed to ensure…

THE tobacco industry is bracing for another major marketing cycle, with the Tobacco Industry and Marketing Board (TIMB) confirming that growers will receive 70 percent of their earnings in United States dollars and 30 percent in local currency during the 2026 selling season.This comes as growers for the 2025/2026 season planted more than the targeted…

THE Reserve Bank of Zimbabwe (RBZ)’s policy rate of 35 percent is increasing the cost of business in the country thereby suppressing growth momentum, the Zimbabwe National Chamber of Commerce (ZNCC) has warned.This comes as authorities have repeatedly stated that they will ‘stay the course’ with regards to a tight monetary policy stance, in order…

LIQUEFIED petroleum gas (LPG) consumption has grown at an average of about 21,1 percent a year over the past decade, according to the Zimbabwe Energy Regulatory Authority (Zera).This growth reflects a structural shift rather than a marginal increase in household and commercial energy demand. Government efforts to promote LPG since 2013 have significantly driven adoption.Between…

THE Food and Agriculture Organisation (FAO) has injected US$400 000 into strengthening Zimbabwe’s national livestock and climate policies to support interventions.The funding, unveiled recently during an inception meeting on enhancing national livestock and climate policies with short-lived climate pollutant mitigation in the extensive beef sector, would largely focus on capacity building and raising awareness on…