Business

HWANGE Colliery Company Limited (HCCL) is undergoing a major transformation with its entire operational ecosystem now focused on value addition, a shift that is driving increased coal production, a government official has said. Speaking during a provincial media tour in Hwange, the minister of Information, Jenfan Muswere, said massive transformation was taking place under the…

A LOCAL digital company, Tano Digital Solutions, has partnered with African technology firm, ETS Innovation, to expand its services in Zimbabwe, aiming to accelerate the country’s digital transformation. ETS, a certified Oracle partner, would offer services, including software licensing, deployment, performance optimisation, and technical support, all tailored to the local market. Speaking at the ETS…

GOVERNMENT is moving to ease the burden on businesses and ordinary citizens, with the Cabinet approving a comprehensive review of levies, licences, and permits across 12 key economic sectors. Finance Minister Mthuli Ncube announced the initiative yesterday at a post-Cabinet media briefing in Harare, stating the process was a “marathon, not a sprint” that would…

AUTHORITIES are implementing measures to resuscitate the Cotton Company of Zimbabwe (Cottco), Mutapa Investment Fund (MIF) chief executive officer John Mangudya said yesterday. Presenting oral evidence on cotton funding to the parliamentary committee of Lands, Agriculture, Water, Fisheries and Rural Development in Harare, Mangudya said measures being put in place would enable Cottco to settle…

INCREASED foreign investor appetite for Zimbabwe’s stocks helped lift market turnover on the Southern African nation’s main bourse in the second quarter of 2025, according to its quarterly newsletter, but overall market value still fell. Erratic economic policy, high inflation, and currency instability have for years discouraged foreign investment in Zimbabwe. But economic fundamentals are…

DELTA Corporation, the country’s largest beverage manufacturing firm, has implored authorities maintain the current economic stability and find non-inflationary ways of improving liquidity. In a trade update on Friday, the company secretary, Faith Musinga, said that they were encouraged by the macroeconomic stability prevailing in Zimbabwe in the current year, particularly the stable exchange rate…

THE Industrial Development Corporation of Zimbabwe (IDCZ) should be capacitated by the government to finance transformative projects, Special Advisor to the President, Joram Gumbo has said. Gumbo, who is responsible for monitoring and implementation of government programmes, said if IDCZ’s funding capacity is enhanced, it will accelerate growth in strategic manufacturing sectors as part of…