ZB FINANCIAL Holdings (ZBFH) is planning on expanding its insurance business across the region after revenue from this segment doubled in the six months to June 30, 2025, thanks to cash funeral products and new business acquisitions. The diversified financial services group, also with operations in banking, saw its insurance revenue grow by 119 percent…
ZIMTRADE has launched a targeted cluster programme to transform rural businesses into export-ready entities. This comes as the government has positioned rural industrialisation as a strategic priority towards an upper-middle-income economy. This is being advanced through targeted policy measures and interventions designed to unlock the economic potential of non-urban regions. Clustered assistance helps producers by…
ZIMBABWE, Africa’s top lithium producer and among the world’s leading suppliers, is accelerating sector growth in 2025 through new partnerships, major project…
ECONOMISTS are warning that the country’s new industrialisation strategy, the Zimbabwe National Industrial Development Policy 2 (ZNIDP 2), may fail if the government does not address the country’s electricity supply crisis. Speaking at a recent workshop in Bulawayo, chief economist at the Confederation of Zimbabwe Industries (CZI), Conerlius Dube, said industrial energy demand could surge…
THE Auditor General (AG)’s office is frustrated with public institutions that are unwilling to provide their financial statements for auditing, making its job difficult. This comes after 60 percent of governance issues in the 2024 AG’s report had no action taken. Speaking at a fiscal insights forum on Wednesday in Harare, a representative of the…
BITUMEN World, a leading and reputable contracting Zimbabwean company, has announced a strategic restructuring initiative aimed at strengthening its long-term sustainability and maintaining its vital role in infrastructure development across the region. The company yesterday said the transition reflected a committed effort to adapt to the current economic challenges, including operating under cash flow pressures…
THE country’s tobacco sector is off to a promising start ahead of the 2025-2026 farming season, with the Tobacco Industry and Marketing Board (TIMB) reporting a 12 percent increase in tobacco seed sales compared to the same period last year. According to TIMB spokesperson Chelesani Tsarwe, 1, 2 million grammes of tobacco seed had been…
GOVERNMENT has urged both local and international investors — including Zimbabweans living abroad — to inject capital into Village Business Units (VBUs) as part of a broader strategy to drive rural development and stimulate national economic growth. Speaking during a recent stakeholders’ meeting, Obert Jiri, the permanent secretary in the ministry of Lands, said Zimbabwe’s…
CHIEF WRITER THE Reserve Bank of Zimbabwe (RBZ) last night said network challenges were affecting banking services and related operations. In a statement, the Central Bank said it was committed to restore normal services and it was working diligently to resolve these issues as quickly as possible. “The Reserve Bank of Zimbabwe wishes to notify…
CHINESE nickel producer Tsingshan Holding Group plans to invest US$800 million in its steel plant in central Zimbabwe through its unit Dinson Iron and Steel Company, a top company official said at a media tour on Friday. Tsingshan, one of the world’s leading nickel producers, has already made significant investments in Zimbabwe. Apart from the…
