Business

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) is taking proactive steps to safeguard data and bolster the digital economy, citing the substantial daily flow of Zimbabweans into South Africa. This focus on cross-border data security was underscored during the Monday signing of a memorandum of understanding (MoU) between Potraz and South Africa’s Information…

THE Zimbabwe Association of Dairy Farmers (ZADF) is calling for increased financial and policy support to help small and mediumscale dairy producers tap into value addition opportunities. This call comes as farmers grapple with rising production costs and limited profitability in the current market. Speaking to the Daily News on Monday, ZADF chief executive officer,…

THE Zimbabwe Tourism Authority (ZTA) has begun its search for a new substantive chief executive officer, inviting applications for the top post. The position has been vacant since December 2023 when Winnie Muchanyuka resigned under unclear circumstances. According to a vacancy notice at the weekend, the incoming chief executive officer would be responsible for leading…

GCR Ratings (GCR), a member of Moody’s Rating Agency, has upgraded Nedbank Zimbabwe’s national scale long-term issuer rating to A+ (ZW) from A (ZW), with a stable outlook. Accordingly, the bank’s short-term national scale issuer rating has been affirmed at A1 (ZW). “The ratings upgrade reflect the increase in competitiveness score for Nedbank Zimbabwe relative…

TOBACCO Sales Limited (TSL) has recorded a 43 percent profit jump to US4,3 million for the six months ended April 30, 2025 due to volume growth across most group units. This was despite a slow start to the tobacco marketing sea son. The improved volumes were able to offset the impact of a 4,5 percent…

KAVANGO Resources (Kavango) has officially commenced construction of a 50 tonne-per-day Carbon-in-Pulp (CIP) gold processing plant at its Bill’s Luck Gold Mine in Zimbabwe. The new CIP Test Plant is part of Kavango’s strategy to rapidly scale up production at the Hillside Gold Project. “Our primary objective over the next 12 months is to build…

MUTAPA Investment Fund chief executive officer (CEO), John Mangudya, has called for cost-reflective power tariffs to ensure investments in the energy sector are sustainable and economically viable. He made the call on Friday at the Zesa risk management awards. “In addressing energy security, it is crucial that we focus on mitigating investment risks associated with…

STANBIC Bank Zimbabwe and Midlands State University (MSU) have formalised a landmark partnership through the launch of an undergraduate scholarship programme aimed at increasing access to higher education for disadvantaged students. The programme, valued at US$52 000, was officially announced at a signing ceremony held at the MSU campus in Gweru, and would support five…

THE Reserve Bank of Zimbabwe (RBZ) says the country’s economy continues to demonstrate strong resilience supported by growth in key sectors, improved foreign currency inflows, and a steady inflation environment. Speaking at the on-going Zimbabwe National Chamber of Commerce (ZNCC) annual congress yesterday, the RBZ deputy governor, Innocent Matshe, said the developing economy was also…