RETAILERS have implored regulating agencies and local authorities to align their licensing frameworks immediately in line with recently Cabinet-approved reforms. This call comes after Cabinet on Tuesday approved the review of licences, permits, levies, and fees in the retail and wholesale sectors, aligning with business reforms in 12 sectors of the economy. Speaking to the…
ZIMBABWE is calling for US$4billion in investment from global partners to fully implement its National Energy Compact, a comprehensive strategic blueprint designed to end power shortages, accelerate economic growth, and light up currently un-reticulated urban areas. Speaking at the Africa Capital Markets Forum in Sandton, South Africa, yesterday, Energy and Power Development minister July Moyo…
LEADING road construction firm, Bitumen World (Private) Limited, has distanced itself from social media allegations made by former deputy minister of Information Energy Mutodi that the company was asked to pay kickbacks to the Finance ministry’s permanent secretary, George Guvamatanga. In a post on his X account last week, Mutodi alleged that Bitumen was asked…
THE Reserve Bank of Zimbabwe (RBZ) has highly commended ZB Bank for becoming the country’s first institution to receive the Sustainable Standards Certification Initiative (SSCI) certification, hailing it as a turning point for sustainability standards in the local financial sector. The certification, awarded by the European Organisation for Sustainable Development (EOSD), was granted to ZB…
ORGANISERS of the Mining, Engineering, and Transport Expo (Mine Entra) and the AfriConfex events say it is now “all systems go,” with final preparations well advanced at the Zimbabwe International Conference and Exhibition Smart City (ZICES). The 28th edition of Mine Entra will run concurrently with the AfriConfex event from today to Friday. Speaking during…
THE government says it is scaling up efforts to revive Zimbabwe’s pharmaceutical manufacturing industry in a bid to boost universal health coverage. Speaking on the sidelines of a business stakeholders’ engagement meeting in Bulawayo yesterday, the minister of Industry and Commerce, Mangaliso Ndhlovu, said the local pharmaceutical industry was now on a firm growth path…
THE Department of Agricultural, Technical and Extension Services (Agritex) reports that Matabeleland South Province continues to make steady strides in its rural industrialisation programme, with 345 Village Business Units already operational. Speaking on Sunday during a joint meeting of the Provincial Coordinating Committee (PCC) and Provincial Development Committee (PDC) in Gwanda, Matabeleland South Agritex deputy…
THE Confederation of Zimbabwe Retailers (CZR) has opposed a proposal by the Confederation of Zimbabwe Industries (CZI) to introduce an import and export licencing regime for clothing and textile products. This comes after CZI submitted a proposal to the ministry of Industry and Commerce on behalf of industry players for the imposition of an import…
MUKURU Financial Services Zimbabwe (Mukuru) is targeting to turn to profitability in the next 12 months, driven by increased wallet activities and the rollout of new products. This comes as the deposit-taking microfinance bank made a loss after tax of ZWG20,2 million during the 15 months to March 31, 2025. Mukuru chairman, Bongai Zamchiya, said…
SIMBISA Brands (Simbisa) says it will continue to expand its store network and maintain market share through a new store pipeline of 61 outlets across the companyoperated markets for the full year to June 30, 2026. The Victoria Falls Stock Exchange-listed group said during the year ended June 30, 2025, it continued to grow with…
