Business

Takudzwa Dhambu PUMA Energy Zimbabwe is set to launch Puma Pris, the country’s first fully integrated mobile rewards application, in Harare tomorrow. The app is designed to incentivise fuel buyers and strengthen customer loyalty across its service station network. Confirming the development, Puma Zimbabwe retail manager Belinda Chibwe yesterday said the digital platform marks a…

Takudzwa Dhambu STANBIC Bank Zimbabwe is committed to sup­porting the tourism sector by offering a variety of products that contribute to its growth, the financial institution has said. The leading financial services institution of­fers a range of loan facilities that can be accessed by players in the tourism sector, in addition to playing a strategic…

THE Zimbabwe Energy Regulatory Authority (Zera) has received an application from Union Peak Thermal Zim (Private) Limited to construct a 100-megawatt (MW) coal-fired ther­mal power plant in Kwekwe, Midlands province. In a notice yesterday, Zera confirmed the company was seeking a licence to construct, own, operate, and maintain the facility. The power generated would be…

THE Small and Medium Enterprises Development Corporation (SMEDCO) is establishing a long-term partnership with the Financial Gazette (Fingaz) to address persistent challenges facing micro, small, and medium enterprises (MSMEs) across the country. Fingaz is the country’s number one business publication and prime voice for industry and commerce. Speaking to the Daily News yesterday, ahead of…

THE government has called on private players to invest in village business units (VBUs), a transformative approach to rural development. Speaking at a Jairos Jiri Vocational Training Centre event in Umguza district yesterday, the Agricultural and Rural Development Advisory Services (ARDAS) rural development director, Leonard Munamati, said VBUs were key in improving livelihoods. “To support…

Tapiwa Chirume THE Zimbabwe Building Contractors Association (ZBCA) president, Tinashe Manzungu, challenged the construction sector to evolve or face obsolescence. Manzungu, who was speaking during the launch of the ZBCA Academy in Nyanga recently, said the survival of the construction sector hinges on quickly adapting to the fluid operat­ing environment. “Innovation is no longer optional…

KUDZANAI GEREDE UNIFREIGHT Africa (Uni­freight) says its revenue for the year is on course to hitting record levels af­ter posting a 19 percent increase in third quarter (Q3) ended Sep­tember 30, 2025 on solid perfor­mance from new business units. The establishment of two new strategic business units (the 4PL logistics brokerage and a dedi­cated Cross-Border…

KUVIMBA Mining Housing (KMH) says it as secured strategic part­ners to fund a US$270 million lithium processing plant at its Sandawana Mines in Mberengwa which will be executed under a build, operate and transfer (BOT) arrangement. KMH — a subsidiary of Mutapa Investment Fund, Zimbabwe’s sov­ereign wealth fund, however, did not disclose the investors stressing…

LEADING financial services institution, Stanbic Bank Zimbabwe, has been named the best bank in Zimbabwe at the recent The Financial Gazette Top Companies Survey Awards 2024 ceremony. The Top Companies Awards reward com­panies that demonstrated tangible growth in business volumes and generated positive, sus­tained net cashflows, confirming a return to fundamental business metrics as the…

BUY Zimbabwe yesterday hailed significant national economic pro­gress in the country, confirming that local content policies are success­fully driving industrial growth and economic self-reliance. In a statement yesterday, Buy Zimbabwe praised the combined efforts of the government, industry, and local producers in strengthen­ing the country’s local content value chains. “Buy Zimbabwe commends the significant strides…