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Business

European Investment Bank calls for govt, private sector collaboration to secure funding

In Zimbabwe’s case, the country has a public debt of over US$21 billion, with over half of that amount being owed to foreign lenders.

By LEE MUSAIDZI 7h ago

European Investment Bank calls for govt, private sector collaboration to secure funding

US$1bn needed to reach 100 tonnes gold production

By Ashton Ndakusiya 9h ago

20% of small-scale gold producers to see better returns

By LEE MUSAIDZI May. 22, 2025

Come up with bankable projects, EU urges Zim firms

Yet, official RBZ documents show that only a tiny fraction of that amount is in circulation.

By Blessed Ndlovu May. 22, 2025

RTG invests US$1m to spruce up properties

RTG has invested US$26 million in hotel refurbishments over the past five years.

By LEE MUSAIDZI May. 21, 2025

RTG invests US$1m to spruce up properties

Better pricing models steer revenue growth at TV Sales & Home, Transerv

From its TV Sales & Home subsidiary, revenue grew by 5% during the third quarter on the back of a 15% volume growth compared to the same period the previous year.

By LEE MUSAIDZI May. 21, 2025

Better pricing models steer revenue growth at TV Sales & Home, Transerv

Pambili finds huge gold potential in London Wall claims

In addition, Long Strike applied for contiguous extensions to the claims, totalling an additional 547,8ha.

By Business Reporter May. 21, 2025

Pambili finds huge gold potential in London Wall claims

‘Zim, EU ties to top US$1bn’

It will run under the theme, Unlocking Sustainable Trade and Investment Under the Global Gateway Initiative.

By Blessed Ndlovu May. 21, 2025

ZHL seeks to grow local, regional capital

In his second tenure in office, US President Donald Trump has paused aid as part of his inward-looking approach under the Make America Great Again campaign.

By Tatira Zwinoira May. 19, 2025

ZHL seeks to grow local, regional capital

Padenga projects stronger returns as gold blings

The mines are under Dallaglio Investments (Private) Limited, fully acquired by Padenga during the first quarter of this year.

By LEE MUSAIDZI May. 19, 2025

Padenga projects stronger returns as gold blings

ZBFH launches two game-changing digital platforms

“Our goal is to reduce the cost of transactions, improve access and power Zimbabwe’s digital economy,” Maukazuva said.

By Ashton Ndakusiya May. 19, 2025

ZBFH launches two game-changing digital platforms

NMBZ finalises US$70m external credit lines

NMBZ Holdings is finalising external lines of credit worth US$70 million as the stock exchange-listed entity moves to fuel productive-sector lending.

By Blessed Ndlovu May. 19, 2025

NMBZ finalises US$70m external credit lines

ZNCC to hold annual congress in June

ZNCC representative Joseph Hove told NewsDay Business that the congress would take place in the resort city of Victoria Falls from June 25 to 28 next month.

By Nizbert Moyo May. 16, 2025

FCB Zim contributes US$23m PAT to group in FY24

This performance underscores the effectiveness of FMBCH’s diversified regional strategy.

By Business Reporter May. 16, 2025

FCB Zim contributes US$23m PAT to group in FY24

Turnall Q1 revenue declines 11% to US$2,3m

Turnall said the improved margins were mainly due to the change in the sales mix as the group enjoyed higher margins on fibre-cement products.

By Blessed Ndlovu May. 16, 2025

Turnall Q1 revenue declines 11% to US$2,3m

Delta tax burden could soar to US$329m

The profit after tax was an increase of 16% over the prior year.

By LEE MUSAIDZI May. 16, 2025

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Afdis hit with US$1,84m tax bill by Zimra

NewsDay Business understands that the outcome of these engagements will determine the accounting treatment and recognition of the assessment and payments made to date.

By Tatira Zwinoira May. 15, 2025

Afdis hit with US$1,84m tax bill by Zimra

ZBFH registers ZiG261,94m profit in 2025 Q1

ZBFH said it remained committed to delivering value-added financial solutions that support national development.

By Business Reporter May. 15, 2025

ZBFH registers ZiG261,94m profit in 2025 Q1

EcoCash launches international money transfers from Zimbabwe to other countries

It said all South African banks had already been activated for the service, with many more countries – including European and Asian countries – coming on stream soon.

By Boitumelo Makhurane May. 14, 2025

EcoCash launches international money transfers from Zimbabwe to other countries

Zim seeks to increase fruit and chilli exports to Singapore

Singapore, one of the world’s top trading nations, presents a significant market opportunity for Zimbabwe, as 90% of its food is imported due to limited agricultural land.

By Ashton Ndakusiya May. 14, 2025

Zim seeks to increase fruit and chilli exports to Singapore

WestProp profit drops on lower fair value adjustments

During the period under review, the group recorded lower fair value adjustments on investment property of US$18,84 million, nearly 62% down from the prior year.

By Blessed Ndlovu May. 14, 2025

WestProp profit drops on lower fair value adjustments

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NCC calls for phased tariff removal on US exports

Mnangagwa’s decision came after United States President Donald Trump imposed an 18% reciprocal tariff on Zimbabwe in response to the latter’s 35% tariff on American products.

By LEE MUSAIDZI May. 14, 2025

NCC calls for phased tariff removal on US exports

Icaz calls for robust financial reporting and compliance

Icaz believes the profession is uniquely positioned to provide the financial discipline, transparency and trust required to support sustainable development.

By Ashton Ndakusiya May. 13, 2025

Icaz calls for robust financial reporting and compliance

60% of the market in low-end segment: Edgars

The push into the low-end segment of the market comes as the second-hand clothing market has destroyed formal retailers as they cannot compete with these cheaper offerings.

By LEE MUSAIDZI May. 13, 2025

60% of the market in low-end segment: Edgars

‘Govt wants to be central in carbon credit trading’

The government recently legislated Statutory Instrument (SI) 48 of 2025, which introduced holistic regulations to govern how carbon credit trading is conducted.

By Blessed Ndlovu May. 13, 2025

‘Govt wants to be central in carbon credit trading’

Caledonia profit rises to US$11m in Q1

Caledonia is a Zimbabwe-focused exploration, development and mining corporation that owns the local gold-producing Blanket Mine, Bilboes Mine, and the

By Tatira Zwinoira May. 13, 2025

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Invictus finalises preps for pilot gas, petroleum production

Invictus’s Cabora Bassa Gas and Oil Project is located in the Muzarabani district of Mashonaland Central Province, northeast of Zimbabwe.

By Tatira Zwinoira May. 12, 2025

Invictus finalises preps for pilot gas, petroleum production

Securities firm tips ‘agile stocks’ for growth

In its April 2025 monthly report, IH Securities said the ZSE market capitalisation weakened to ZiG58,08 billion in April, down 7,12% from ZiG62,53 billion in March.

By Tatira Zwinoira May. 12, 2025