Business

Tapiwa Chirume STANBIC Bank Zimbabwe pumped over US$225 million into mining last year and has committed to continue uplifting the sector.The leading financial services institution’s chief executive, Solomon Nyanhongo, told delegates at the just ended Chamber of Mines conference that Stanbic Bank remained deeply committed to supporting Zimbabwe’s mining sector, which continues to play a…

ZIMBABWE has licensed a second gold refinery in Bulawayo to boost processing capacity as national bullion production reaches record highs.Posting on its National Development Strategy 2 (NDS2) X handle on Monday, the government said the new refinery was scheduled to commence operations in 2027.It comes at a time when gold production is reaching record levels,…

GROUP FEATURES EDITOR ZIMBABWE’S tobacco industry is enjoying one of the most successful periods in its history, with record production, rising exports, and far-reaching reforms positioning the country as a leading force in the global tobacco market while creating opportunities for thousands of farmers across rural communities.The 2026 tobacco marketing season has reinforced the sector’s…

Kudzanai GeredeSTAFF WRITER A MASSIVE reduction in finance costs and tighter corporate expenditure controls have driven agricultural logistics giant TSL to a 39 per cent surge in half-year profits.The development comes at a time lenders have been steadily relaxing interest rates due to increased market competition.The group also benefited from a 33 per cent year-on-year…

KUDZANAI GEREDE THE Zimbabwe Investment and Development Agency (Zida) has unveiled US$17 million worth of investment opportunities as it steps up efforts to attract capital into productive sectors of the economy.Zida’s functions include the promotion of investment opportunities and facilitation of engagement between prospective investors and project owners.In its latest project prospectus released this week,…

KUDZANAI GEREDE THE Zimbabwe National Chamber of Commerce (ZNCC) annual congress will kick off this Wednesday in Victoria Falls as business stakeholders converge to chart a new course in the wake of emerging challenges confronting the economy.The four-day event comes at a time businesses are facing rising operating costs driven by mounting geopolitical tensions, particularly…

Adelaide Moyo in Victoria Falls ZIMBABWE’S mining industry requires US$10 billion over the next five years to sustain operations and ramp up production, an official has revealed.Speaking at the Chamber of Mines of Zimbabwe’s Annual Mining Conference, the chamber’s immediate past president John Musekiwa said the sector required affordable capital and improved infrastructure to sustain…

CONSTRUCTION of a multi-million-dollar shopping mall has com­menced at the Zim­babwe International Trade Fair (ZITF) grounds. The project, which has already seen earth-moving equipment deployed on site, forms part of ZITF’s broader master plan aimed at modernising the iconic exhibi­tion centre, diversifying revenue streams, and maximising the use of its infrastructure beyond the annual trade…