Business

THE Presidential Borehole Drilling Scheme is set for a major boost after Prevail Group International received borehole equipment for 2 000 new village business units to improve the country’s rural economy.The scheme, led by Prevail Group International, owned by presidential investment advisor Paul Tungwarara, effectively transitions the Presidential Rural Development Programme from a pilot phase…

THE government has assured mining investors of a predictable and transparent operating envi­ronment following the gazet­ting of new regulations reserving several sectors of the economy for indigenous Zimbabweans. The new regulations, contained in Statu­tory Instrument 215 of 2025, set require­ments for foreign participation in sectors reserved for Zimbabwean citizens and busi­nesses operating in these sectors…

KUDZANAI GEREDE THE Reserve Bank of Zimbabwe (RBZ) should clearly articulate its long-term strategy for adopting the local currency as the sole medium of exchange in order to enhance its credibility, market analysts FBC Securities has said. This follows the central bank’s recent announcement that it will shift from a “tight to a prudent monetary…

THE Bulawayo City Council (BCC) has opened prime land to high-value local and international inves­tors as part of efforts to stimulate urban renewal and economic growth. BCC town clerk Christopher Dube yes­terday said the city was seeking investors to develop medical facilities, office parks, hotels, lodges, petroleum service stations, and townhouses under a lease-rental ar­rangement…

THE government and NetOne partnership has delivered vital in­frastructure, education, and health projects across Matabeleland North province. Addressing a media briefing yesterday, Matabeleland North Provincial Affairs and Devolu­tion minister Richard Moyo said the collaboration with NetOne reflected the Second Republic’s commitment to inclusive develop­ment, ensuring that no community is left behind. “NetOne, working with the…

Brandon Josphat CHIEF WRITER THE Reserve Bank of Zimbabwe (RBZ) will main­tain a tight monetary policy to ensure long-term price stability. In his 2025 last quarter snapshot on monetary and financial developments as well as the performance of the Zimbabwe Gold (ZiG) currency yesterday, RBZ governor John Mushayavanhu said the prevailing macroeconomic environment had provided…

THE Zimbabwe National Chamber of Commerce (ZNCC) has challenged local businesses to pivot from simple survival to global competitiveness. ZNCC president Tapiwa Karoro stated in his 2026 welcome message that while firms have shown resilience under difficult conditions, they must now prioritise innovation. “Zimbabwean businesses have demonstrated re­markable endurance in the face of macroeconomic volatility…

Brandon Josphat CHIEF WRITER THE Mutapa Investment Fund (MIF) believes that its in­augural audited financials clarified, affirmed and brought finality to its much-debated acquisition of a 35 percent stake in Kuvimba Mining House in 2023. This follows claims at the time that the US$1,1 billion transaction was concluded that the deal was overvalued and allegedly…

THE government says it is engaging global technology giants, Google and Meta, to create pathways that will allow local content creators to monetise their work. The move is aimed at unlocking digital economy opportunities, protecting intellectual property, and ensuring fair returns for locally produced online content. Speaking to the media in Harare yesterday, the minister…

THE Zimbabwe Energy Regulatory Authority has reviewed fuel prices in both foreign and local currency for January. Diesel in local currency was ZiG41.68 and will now cost ZiG39.27 per litre. In foreign currency, diesel was trading at US$1.59 and will now cost US$1.52 per litre. Petrol in local currency now costs ZiG40.78, up from ZiG40.58…