Business

AUTHORITIES are currently engaging with mining companies, smelters, and manufacturers to align grid expansion plans and ensure reliable and affordable power is available in the country. Speaking in South Africa on Wednesday during the ongoing African Energy Week, Energy minister July Moyo said investors in renewable energy need to see long-term agreements, respect for contracts,…

AUTHORITIES are giving foreign investors a threeyear period to transfer their shareholding to local citizens in the reserved sectors of the economy. This policy push comes as the government strengthens its regulations governing these sectors to boost economic empowerment for locals. Speaking in the National Assembly on Wednesday, Justice minister Ziyambi Ziyambi said the government…

PREPARATIONS for this year’s Mining Engineering and Transport Expo (Mine Entra) exhibition are well advanced, with organisers confirming strong participation from local and international companies. The event would be held from October 9 to 11 at the Zimbabwe International Exhibition Centre (ZIEC) in Bulawayo. Speaking at a media briefing yesterday, the Zimbabwe International Trade Fair…

TRANSPORT and logistics firm, Unifreight Africa (Unifreight), has embarked on a strategic fleet expansion programme targeting increased demand capacity for the upcoming 2026 tobacco season. The group, whose flagship brand is Swift Transport, has extensive exposure to the tobacco sector. Last year, it announced that it handled over 20 percent of the total national tobacco…

AUTHORITIES are urging Danish investors to consider lucrative opportunities in energy, agriculture, and mining to advance the country’s rural industrialisa­tion agenda. This comes as the government is stepping up its engagement and re-engagement initiatives to attract global capital. Speaking in Harare on Monday during a reception for a Danish business delegation, the permanent secretary in…

INNBUCKS MicroBank (InnBucks) posted a profit after tax of ZWG74,6 million for the year ended June 30, 2025, up 195 percent from the previous year, driven by a 196 percent growth in interest income. The microbank said the growth in interest income was a result of a 327 percent increase in loans and advances reaching…

INNSCOR Africa (Innscor) recorded a 19,4 percent increase in revenue to US$1,086 billion during the year ended June 30, 2025, strong volume momentum and capacity utilisation. The Victoria Falls Stock Exchange-listed group said the robust performance was underpinned by scaling up of production capacity from numerous expansion projects rolled out over the past year. “This…

ZB BANK — a subsidiary of ZB Financial Holdings (ZBFH) — has become the first financial institution in the country to attain sustainability certification. The Sustainable Standards Certification Initiative (SSCI) certification is awarded by the European Organisation for Sustainable Development (EOSD). It not only requires a business to be profitable, but to be responsible, while…

THE Chitungwiza Municipality has vowed to clamp down on illegal business practices in the small and medium enterprise (SME) sector by strengthening partnerships with key stakeholders to formalise operations and plug revenue leakages. Speaking at a stakeholder engagement meeting with the Harare Chamber of SMEs (SekeMakoni District) and government departments yesterday, the council’s director of…

THE government’s ongoing review of regulatory fees and licence costs will be a key discussion point at the CEO Africa Annual Roundtable to be held in Victoria Falls from October 14 to 18. This comes as the government is undertaking a review of licences, permits, levies, and fees across various sectors, including agriculture, tourism, and…