THE Reserve Bank of Zimbabwe (RBZ) says its tight monetary policy stance is paying off, successfully anchoring price and exchange rate stability as the country prepares to enter the second phase of the National Development Strategy (NDS2) in 2026. Speaking during the 2026 pre-budget seminar yesterday, RBZ deputy governor Innocent Matshe said the central bank…
RETAILERS have urged local authorities and business operators to swiftly implement the government’s new ease of doing business reforms, warning that delays could undermine their intended benefits for the retail and wholesale sector. This push follows the streamlining of operations in the wholesale and retail sector by merging 11 fragmented local authority licences into a…
Tapiwa Chirume KWEKWE City Council is seeking US$134 000 to revive its once-popular recreational park as part of a broader 2026 plan to boost revenue through tourism and local enterprise initiatives. According to the city’s director of finance, Rejoice Dandira, the local authority intends to restock the park with a variety of wildlife and restore…
AGRICULTURE minister Anxious Masuka said the government owes farmers over US$8 million, and plans are afoot to pay the outstanding bills. Addressing the media recently, Masuka said the government had failed farmers, and his ministry expected to receive funds this week from the Treasury. “We still owe farmers some amount from last year for delivery….
Tapiwa Chirume THE City of Harare has received a total of ZiG85,2 million from the Zimbabwe National Road Administration (Zinara) as of October, a major boost aimed at improving road maintenance and rehabilitation across the capital. Finance committee chairperson Costa Mande revealed the development while presenting the city’s 2026 budget. “As of October 20, 2025,…
PARLIAMENT is challenging the government to come up with measures to revive the cotton industry to boost the local textile sector. This comes as Parliament is on a nationwide tour to probe the operations of companies in different sectors of the economy. Speaking to the media over the weekend after touring David Whitehead Textiles in…
THE Mine Ventilation Society of Zimbabwe (MVSZ) president, Tonderai Chikande, has appealed to the authorities to urgently come up with new ventilation and occupational hygiene regulations relevant to the current mining environment. Chikande made the call at the MVSZ’s annual general meeting held in Bulawayo last week. “Many of our current ventilation and occupational hygiene…
METBANK is set to monetise idle assets, mainly the land bank, as it intensifies financial mobilisation efforts to support core banking operations. The bank is seeking innovative ways to raise funding to boost lending while minimising its exposure to debt. Monetising land owned by the bank entails either selling as stands or developing into housing…
AUTHORITIES have streamlined operations in the wholesale and retail sector by merging 11 fragmented local authority licences into a single one to enhance the ease of doing business and stabilise basic goods prices This major reform follows Parliament’s call for the government to swiftly align newly introduced taxes and levies through a Statutory Instrument (SI)…
ECOBANK Zimbabwe Limited (EZW) has announced the launch of a nationwide health initiative designed to deliver free wellness screenings directly to communities in about 20 locations across the country. Ecobank managing director James Shumbanhete last week said the initiative was going to feature a combination of static and mobile clinics to maximise community reach. “Through…
