Business

TAPIWA CHIRUMESTAFF WRITER THE government has directed local authorities to privatise selected service delivery functions to improve efficiency and enhance revenue collection. Addressing council representatives at the 2026 Local Authorities Performance Evaluation Feedback Session in Harare on Wednesday, permanent secretary in the Ministry of Local Government and Public Works John Basera urged all 92 councils…

SHAMAINE CHIRIMUJIRI ZIMBABWE’S healthcare sector received a major boost after South Korea donated specialised paediatric rehabilitation equipment worth US$170 150.The vital equipment, handed over through the Korea International Cooperation Agency (KOICA) and the Africa Future Foundation (AFF), is part of a long-standing bilateral partnership supporting local paediatric rehabilitation services since 2019.Cerebral palsy is a complex…

Shamaine ChirimujiriSTAFF WRITERSTANBIC Bank Zimbabwe has mobilised US$800 million to finance and transform the country’s vital agricultural value chain.The leading financial services institution remained deeply committed to playing a pivotal role in fostering the growth, productivity, and long-term sustainability of the sector.Over the years, the Standard Bank Group subsidiary has made significant strides in delivering…

SHARMAINE CHIRIMUJIRI THE People’s Own Savings Bank has sealed a strategic alliance with AFC Insurance to provide integrated financial services across Zimbabwe.Both institutions are subsidiaries of the Mutapa Investment Fund.This intra-group collaboration creates a one-stop shop for customers by embedding comprehensive insurance packages directly into POSB’s vast retail portfolio.The alliance would focus heavily on underserved…

Tapiwa ChirumeSTAFF WRITER THE City of Masvingo has launched a free tuberculosis screening campaign to aggressively detect infections and curb community transmission.The health initiative, which was officially launched at Runyararo Clinic on Monday, comes as health authorities strengthen efforts to identify cases early and encourage residents to seek timely medical attention for symptoms associated with…

Tapiwa Chirume KEY economic stakeholders will next month convene for Zimbabwe’s mid-term economic review and high-level policy dialogue to assess national performance. The meeting, scheduled for July 2 in Harare, would bring together government officials, economists and business leaders to exchange views on emerging eco­nomic trends and identify policy interventions needed to maintain stability and…

CHINA has handed over 300 newly drilled boreholes to the government to combat devastating El Niño-induced water shortages across the country.Speaking at a colourful handover ceremony in Chimanimani, Manicaland Province, on Friday, Chinese ambassador to Zimbabwe Zhou Ding said the mega-infrastructure project would transform rural communities by providing clean and safe water.The initiative targets severe…

KUDZANAI GEREDE OLD Mutual Insurance Company (OMIC) says diversifying its retail portfolio beyond tradi­tional motor insurance products is paying off, helping drive strong earnings growth and broaden its customer base. The insurer recorded a 208 percent increase in profit before tax to ZiG101,4 million for the year ended December 31, 2025, supported by growth in…

KUDZANAI GEREDE LOCAL banks are showing growing interest in financing Mutapa Gold Resources’ (MGR) US$152 mil­lion Shamva Hill Project, with the group now expecting to secure up to US$100 million, well above its initial target. The gold miner said it had initially approached local lenders seeking US$75 million for the Shamva Hill Project, a key…

Hazel Marimbizain BULAWAYO THE Bulawayo City Council says it seeks to borrow US$13.16 million from government to rehabilitate critical deteriorating infrastructure.Speaking during a full council meeting on Tuesday, Bulawayo City Council (BCC) finance director Tennyson Mpunzi said local authorities continued to struggle with mounting infrastructure demands against shrinking revenue streams.“Local authorities have continued to face…