Business

ZIMBABWE’S taxation regime and levels are in line with regional trends, as the current revenue collections — at 18 percent — are attributable to “administrative efficiencies and not overtaxation”, Finance secretary George Guvamatanga has said.This comes as more independent voices such as South Africa’s Daily Investor have said Harare’s American dollar earnings have been larger…

INDUSTRY players say increased foreign currency availability has boosted output in the construction sector.The sector had previously faced challenges over the past two years in securing adequate foreign currency to import essential materials, raw inputs and machinery.Foreign exchange constraints and local currency volatility worsened the shortage, historically limiting the industry’s capacity to operate at optimal…

THE International Monetary Fund (IMF) has projected that Zimbabwe’s inflation will remain in single digits throughout 2026, marking a significant milestone in the country’s return to macroeconomic stability.This comes as the annual ZiG inflation dropped to 4,1 percent in January — the first time that the local currency figure had fallen to single digits since…

ECONET Wireless Zimbabwe (Econet) says it plans to trade its shares on an over-the-counter (OTC) platform once it successfully delists from the Zimbabwe Stock Exchange (ZSE) as it moves to determine its intrinsic value.The country’s largest telecommunication company, has previously raised concerns over its shares being undervalued on the ZSE, which has prompted this strategic…

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) has set a revenue target of US$3,5 billion for 2026, driven by a recovery in battery metals and a structural supply deficit in the platinum group metals (PGMs) sector.The projection comes as MMCZ recorded a strong sales performance for the financial year ended December 31, 2025, posting cumulative…

THE City of Masvingo has partnered Mckingtorch Zimbabwe to establish the Masvingo Recycling Hub, a move the city says will transform waste management, create green jobs, and position the city as a model green city.Speaking to the Daily News yesterday, mayor of Masvingo, Aleck Tabe, said the recycling hub marked a major step towards sustainable…

ZIMBABWE’s fuel consumption continues to trend upwards, supported by improved economic activity.Latest data from the Zimbabwe Energy Regulatory Authority (Zera) shows that diesel consumption increased by 31 percent to 1,47 billion litres in 2025, up from 1,12 billion litres in 2024.Petrol consumption also increased by 25 percent, expanding from 568,75 million litres in 2024 to…

TANGANDA Tea Company is seeking shareholder approval to raise US$8 million through a rights offer, with the fresh capital earmarked to support working capital needs and fund key capital projects.In an abridged circular to shareholders, the company said the funding would be mobilised via a renounceable rights offer, which allows existing shareholders to purchase additional…

IN the vibrant heart of Zimbabwe, where agriculture forms the backbone of the nation’s economy and food security, a powerful force is quietly revolutionising the way farmers cultivate the land.This force is biotechnology, and at the helm of this transformation stands the National Biotechnology Authority of Zimbabwe (NBA), an institution dedicated to fostering innovation and…