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Articles by Prisca Tshuma
Lithium sulphate to boost exports in 2027
50 THE Minerals Marketing Corporation of Zimbabwe (MMCZ) expects mineral revenue to increase next year as lithium producers expand into lithium sulphate production and exports. MMCZ general manager Nomusa Moyo said the shift towards further processing followed the success of lithium concentrate, which has overtaken platinum group metals (PGMs) as the leading contributor to mineral revenue.… Subscribe to read full article.
MMCZ tightens mineral tracking to curb smuggling
33 Prisca Tshuma THE Minerals Marketing Corporation of Zimbabwe (MMCZ) is integrating its mineral tracking system with government institutions to strengthen oversight of mineral exports and curb smuggling. MMCZ marketing manager Gumisai Nenzou said the initiative would improve transparency in mineral exports and increase efficiency at border posts. “We are actually at an advanced stage where… Subscribe to read full article.
CABS ramps up agriculture funding
CABS says it invested up to US$96 million in agriculture during the first half of this year, representing 28 percent of its total loan portfolio as it targets increased funding to the sector following a major credit facility. This comes after the bank recorded 33 percent growth in loans and advances to ZiG9,02 billion (roughly…
Axia plans 15 additional shops
AXIA Corporation (Axia) plans to open 15 new retail outlets in the short-term and build a distribution centre in Sunway City, riding on strong cash generation from operations. The group generated US$26,013 million in cash from operations in the year ended June 30, 2026, a 67 percent increase from the previous year, supported by higher…
AHFoZ moves to cut healthcare costs, improve efficiency
THE Association of Healthcare Funders of Zimbabwe (AHFoZ) is pushing for tighter control of healthcare costs through the use of artificial intelligence (AI), managed-care models and regional skills exchange programmes. AHFoZ chief executive officer Shylet Sanyanga said the association would use regional partnerships to build skills in technology and improve efficiency and treatment outcomes. “The…
AHFoZ moves to cut healthcare costs, improve efficiency
38 THE Association of Healthcare Funders of Zimbabwe (AHFoZ) is pushing for tighter control of healthcare costs through the use of artificial intelligence (AI), managed-care models and regional skills exchange programmes. AHFoZ chief executive officer Shylet Sanyanga said the association would use regional partnerships to build skills in technology and improve efficiency and treatment outcomes. “The… Subscribe to read full article.
SecZim steps up digital drive
49 THE Securities and Exchange Commission of Zimbabwe (SecZim) is stepping up investment in digital systems as it seeks to improve market surveillance, reduce compliance costs and increase investor participation in the capital markets. The regulator is moving away from traditional systems that rely heavily on manual analysis of market trends and is working towards real-time… Subscribe to read full article.
Ipec pushes insurers to curb climate change risks
41 THE Insurance and Pensions Commission (Ipec) has challenged insurers to develop innovative and proactive products to cover emerging risks as climate change exposes gaps in Zimbabwe’s insurance market. The call came at the recently concluded 24th annual conference of the Association of Insurers and Reinsurers in Developing Countries (AIRDC), held in Harare. Speaking during the… Subscribe to read full article.
Housing project to ease backlog
45 Prisca Tshuma CONSTRUCTION group ZimBuild says its Eastworlds Youth Housing Project in Mvurwi is expected to help ease Zimbabwe’s housing backlog. The project was launched at a groundbreaking ceremony last week attended by President Emmerson Mnangagwa, Vice-President Kembo Mohadi, parliamentarians, government officials, business leaders and construction industry players. ZimBuild chief executive officer Tinashe Manzungu told… Subscribe to read full article.
Tigere investors back scrip dividend
Prisca Tshuma TIGERE Real Estate Investment Trust (REIT) investors have backed the fund’s scrip dividend option, enabling it to retain capital to pursue an aggressive expansion strategy aimed at reaching a US$100 million net asset value by year-end. Results released this week showed that unitholders representing 91,48 percent of the fund’s units elected to receive…
Tigere investors back scrip dividend
59 Prisca Tshuma TIGERE Real Estate Investment Trust (REIT) investors have backed the fund’s scrip dividend option, enabling it to retain capital to pursue an aggressive expansion strategy aimed at reaching a US$100 million net asset value by year-end. Results released this week showed that unitholders representing 91,48 percent of the fund’s units elected to receive… Subscribe to read full article.
Unclaimed pension benefits fall to US$20,15m
THE Insurance and Pensions Commission says unclaimed pension benefits fell to US$20,15 million in the half year ended June 30, 2026, from US$22,28 million recorded at the end of March. The number of members with unclaimed benefits however, increased marginally from 250 435 to 250 471 during the period. “The primary contributing factor for the…
Treasury touts pensions, insurers as key funders
66 THE Treasury has touted Zimbabwe’s pensions and insurance sector as a key source of funding for infrastructure development, as it moves to strengthen regulations and introduce investment instruments aimed at unlocking more capital. The Ministry of Finance said the pensions and insurance industry had an important role to play in financing infrastructure, particularly through prescribed… Subscribe to read full article.
Pfuma REIT income climbs 48pct
PFUMA Real Estate Investment Trust (REIT) posted a 48 percent quarterly increase in income to US$1,53 million during the second quarter of 2026 driven by rentals and funds raised ahead of its listing on the Victoria Falls Stock Exchange (VFEX). Pfuma, which listed on the VFEX in February this year with a US$22,1 million seeded…
ZBFH targets loan book expansion
ZB FINANCIAL Holdings (ZBFH) plans to accelerate lending in the second half of the year after a stronger balance sheet boosted its capacity to create quality assets. The group’s total assets rose 21,5 percent to ZiG19,5 billion in the six months to June 30, 2026, from ZiG16,1 billion at December 31, 2025, driven by growth…
Medical aid funds urged to prioritise NCD prevention
41 THE Association of Healthcare Funders of Zimbabwe (AHFoZ) has urged medical aid societies to invest more in preventing non-communicable diseases (NCDs) among their members as healthcare needs continue to rise. The call comes as medical aid providers seek to contain healthcare costs while improving health outcomes. Speaking to The Financial Gazette on the sidelines of… Subscribe to read full article.
NMB agency network drives growth
26 AGENCY banking network expansion and increased use of digital channels are underpinning NMB Holdings’ growth in transactional volumes, the financial institution has said. The group’s banking unit, NMB Bank launched its primary agency banking model in 2022 starting with approximately 16 active agents. To date, the bank’s agency network has risen to 409 active touchpoints… Subscribe to read full article.
FBC assets, deposits drive loan portfolio
37 FBC Holdings’ loans and advances increased 8,8 percent to ZiG11,96 billion in the six months to June 30, 2026, supported by growth in deposits and total assets. Total assets rose 17,5 percent to ZiG26,33 billion from the audited December 31, 2025, position, while customer deposits increased 20,4 percent to ZiG15,56 billion, providing a relatively stable… Subscribe to read full article.
AHFoZ seeks healthcare sector collaboration
50 THE Association of Healthcare Funders of Zimbabwe (AHFoZ) has called for greater collaboration among healthcare funders, providers and regulators to address challenges affecting the sustainability and accessibility of medical aid in Zimbabwe. The call comes as the association began its four-day conference yesterday in Bulawayo. The event is being held under the theme: Mastering the… Subscribe to read full article.
Mercedes-Benz expedition boosts Victoria Falls tourism
45 THE Zimbabwe Tourism Authority (ZTA) says Mercedes-Benz’s recent expedition to Victoria Falls has strengthened the country’s position as a leading tourism destination and raised the profile of its attractions in international markets. Mercedes-Benz launched its “140 Years. 140 Places” global expedition in January this year to mark 140 years of automotive innovation, with the journey covering 55 countries.
CFI targets high– yielding soyabean production
CFI Holdings (CFI) doubled soyabean sales volumes at its Glenara Estates in the third quarter ended June 30, 2026, as it prioritised the higher-value crop to support revenue amid weaker maize prices. The shift reflects growing interest in soyabeans, which command a higher producer price than maize. The Grain Marketing Board early this year set…
Strong demand lifts Starafrica sales
12 STARAFRICA Corporation (Starafrica) sales volumes across its two sugar divisions rose significantly in the first quarter ended June 30, 2026, supported by improved consumer spending linked to strong activity in the mining and tobacco sectors. Zimbabwe’s 2026 tobacco marketing season closed with a record harvest of about 358 million kilogrammes, generating more than US$890 million… Subscribe to read full article.
SMEDCO targets US$10m SME lending
THE Small and Medium Enterprises Development Corporation (SMEDCO) plans to disburse US$10 million in loans to the small and medium-sized enterprise (SME) sector this year after achieving 95 percent of its lending target in the first half of 2026. The lending target comes as the government seeks to improve access to finance for micro, small…
Treasury says no to agents
31 ZIMBABWE’S Finance ministry has strongly warned creditors and suppliers from hiring third parties and consultants to pursue their debts, as authorities move to stave off undue pressure and possible extortion. This comes as Treasury has adopted quite a number of debt management strategies, including the use of a national standard pricing list, insistence on e-government… Subscribe to read full article.
Cafca’s export sales soar
30 CAFCA Limited (Cafca) reported an eight percent uptick in exports during the nine months to June 30, 2026, mainly driven by a stable monetary environment in the domestic economy which improved trading conditions. The cables manufacturer last year recalibrated its regional strategy, pivoting toward direct business-to-business (B2B) sales as it sought to revive export earnings,… Subscribe to read full article.
Meikles plans supermarket expansion
MEIKLES Limited (Meikles) is planning to expand its supermarket network in the coming financial year in a push to grow revenue and reclaim market share from the informal sector. The expansion comes after the group’s performance for the year ended February 28, 2026, was weighed down by intense competition from informal traders and subdued consumer…
EV demand lifts lithium exports
132 LITHIUM exports are expected to increase in the second half of 2026 as global demand for electric vehicles and energy storage systems support a recovery in the battery minerals market, the Minerals Marketing Corporation of Zimbabwe (MMCZ) has said. MMCZ monitors mineral exports to guard against leakages, transfer pricing and under-invoicing. The corporation said lithium… Subscribe to read full article.
Companies urged to prioritise sustainability
161 INDUSTRY has been urged to prioritise sustainability reporting to improve credit ratings and attract investment for projects. This was said during the Institute of Sustainability in Africa’s Annual Sustainability Breakfast Meeting held in partnership with The Financial Gazette in Harare last week under the theme: From cost centre to value driver, Rethinking Sustainability. Speaking at… Subscribe to read full article.
Tigere banks on scrip funding
TIGERE Real Estate Investment Trust (REIT) is betting on its scrip dividend option for unit holders to accelerate its expansion drive targeting a US$100 million net asset value by year-end. The offer gives unitholders the option of receiving their quarterly dividend in cash, additional REIT units or a combination of both after the fund declared…
‘Green tech cuts costs, unlocks financing’
188 ADOPTING green technology and sustainable practices is increasingly proving to be a cost-cutting measure while unlocking critical access to financing, industry players say. This emerged at the Annual Sustainability Breakfast Meeting held in Harare, hosted by the Institute of Sustainability in Africa in partnership with the Financial Gazette, under the theme “From Cost Centre to… Subscribe to read full article.
ICZ’s Farmers Basket Insurance gathers pace
31 SUBSCRIPTIONS to the Insurance Council of Zimbabwe (ICZ)’s Farmer’s Basket Insurance Scheme have risen sharply in Buhera, increasing from just 20 subscribers last year to more than 1 000 this year, reflecting growing confidence in inclusive agricultural insurance. Speaking to The Financial Gazette, ICZ Agriculture Pool chairperson Cuthbert Masukume said 1 700 farmers received insurance… Subscribe to read full article.
Tax incentives drive renewable energy investment
47 TAX incentives, net metering and other policy reforms are attracting investment into Zimbabwe’s renewable energy sector, Energy Ministry permanent secretary Gloria Magombo has said. Speaking at the Energy Forum for Africa conference in Harare last week, she said the government had introduced policies to encourage private sector investment in clean energy. Magombo said Zimbabwe’s renewable… Subscribe to read full article.
Afdis deepens local sourcing
53 AFRICAN Distillers (Afdis) spent US$35,1 million on local suppliers in the 2026 financial year as the beverages manufacturer intensified efforts to strengthen domestic supply chains and support the local industry. The company’s latest procurement figures show that local suppliers accounted for 48 percent of total procurement expenditure of US$72,69 million, reflecting its commitment to sourcing raw materials and services from within the country despite continued reliance on imports.
Fidelity buoyed by insurance uptake
41 FIDELITY Life Assurance is capitalising on rising demand for financial protection products as global geopolitical tensions and economic uncertainty prompt more households to prioritise insurance and long-term security. The insurer said changing consumer behaviour helped drive strong growth during the year ended December 31, 2025, with customers increasingly turning to life insurance, pensions and funeral… Subscribe to read full article.
New platform bids to widen farmers’ market access
39 LAND Fortune Market Place (LFM) and eMkambo have launched an agricultural trading platform designed to help farmers access buyers across the region while improving access to finance and insurance. Backed by a market capitalisation of US$5,2 million, the platform targets farmers operating under Village Business Units, many of whom struggle to secure reliable markets and… Subscribe to read full article.
NBS urged to expand housing fina
42 THE National Building Society (NBS) has been urged to expand affordable housing finance and strengthen partnerships to help reduce Zimbabwe’s housing deficit of more than one million units. Speaking at the mortgage lender’s 10th anniversary celebrations, Reserve Bank of Zimbabwe (RBZ) director of Banking Supervision Philip Madamombe said addressing the country’s housing challenges required cooperation… Subscribe to read full article.
Tourism boom backs Eagle Heights investment
31 EAGLE Real Estate Investment Trust says rising tourist arrivals in Victoria Falls are strengthening the investment case for its US$43 million Eagle Heights development. Eagle Heights is a mixed-use development by Eagle REIT, located in Victoria Falls, spanning 12,3 hectares. The project includes a 120-key mid-scale international hotel, a hospital, retail space, and residential units,… Subscribe to read full article.
ICT access rises to 75pct
36 HOUSEHOLD internet access in Zimbabwe has risen to 75,5 percent, while 72 percent of mobile phone users now own smartphones, according to a new survey by the Postal & Telecommunications Regulatory Authority of Zimbabwe (Potraz) and Zimstat. Speaking at the survey launch in Harare, Zimstat director-general Tafadzwa Bandama said the findings exposed disparities between provinces,… Subscribe to read full article.
Willdale seeks capacity expansion
44 BRICK manufacturer Willdale says it is currently mobilising working capital to raise its plant capacity utilisation to at least 70 percent by end of year from current average of 40 percent. The group endured subdued production during the six months ended March 31, 2026, due to working capital constraints and liquidity challenges which significantly impacted… Subscribe to read full article.
Tigere REIT to diversify portfolio
43 TIGERE Real Estate Investment Trust (REIT) plans to diversify its property portfolio this year through new acquisitions and upgrades as it seeks to reduce reliance on retail assets and boost returns. The trust is targeting both sectoral and geographical diversification to drive sustainable income growth, spread risk and improve returns for investors. The Zimbabwe Stock… Subscribe to read full article.
IPEC finalising compensation framework
61 THE Insurance and Pensions Commission (IPEC) says it is finalising a framework for the compensation of pension fund members who lost the value of their savings during the 2009 dollarisation, with amendments to Statutory Instrument (SI) 162 of 2023 expected to clear the final regulatory hurdle. In a recent interview, IPEC commissioner Grace Muradzikwa said… Subscribe to read full article.
Zimra invests in tech upgrades
49 THE Zimbabwe Revenue Authority (Zimra) invested ZiG281 million in information technology systems in 2025 to strengthen tax collection, widen compliance and improve services for taxpayers. The investment funded the rollout of the Fiscalisation Data Management System, the Tax and Revenue Management System, Governance Risk Compliance software, COBIT frameworks and network infrastructure upgrades. According to the… Subscribe to read full article.
Customer satisfaction hits 10-year hight
72 Prisca Tshuma ZIMBABWE’S national customer satisfaction score rose to 67,5 percent in 2025, the highest level in a decade, reflecting steady gains in service delivery across most sectors, according to the latest National Customer Satisfaction Index (NCSI). The score increased from 66 percent last year and stands 15,5 percentage points above the Sub-Saharan Africa average… Subscribe to read full article.
Grain levy boosts irrigation development
25 Prisca Tshuma THE Agricultural Marketing Authority (AMA) says it has invested US$3,2 million and ZiG29 million from grain levy proceeds towards irrigation development and other initiatives aimed at boosting domestic agricultural production. Recently, AMA spent US$300 000 in the Glen Somerset Irrigation Scheme to support wheat and maize production in Murehwa District. Speaking to The… Subscribe to read full article.
Pension benefits rise as compliance improves
29 PENSION benefits improved in 2025 as stronger contribution collection and tighter industry oversight began translating into higher incomes for retirees, the Insurance and Pensions Commission (Ipec) has said. Speaking at the commission’s annual general meeting, Ipec commissioner Grace Muradzikwa said pension reforms introduced over the past year had started to improve benefit levels, although current… Subscribe to read full article.
Ipec bids to include small miners
33 THE Insurance and Pensions Commission (Ipec) plans to introduce insurance cover for artisanal and small-scale miners under its 2026-2030 market development strategy as it seeks to increase insurance penetration in Zimbabwe. The move comes after the sector recorded 64 deaths in the first quarter of 2026, a six percent increase from the same period last… Subscribe to read full article.
Liquidity crunch hits Proplastics
23 PROPLASTICS says tight liquidity and restrictive monetary conditions weighed heavily on its operations in 2025, dampening demand and slowing government-funded infrastructure projects. In its 2025 annual report, group chairman Gregory Sebborn said constrained liquidity conditions, particularly in local currency, added pressure to trading conditions, while power shortages continued to disrupt production efficiencies and increase operating… Subscribe to read full article.
Edgars banks on stable supply chains
12 EDGARS Stores (Edgars) expects stable supply chains in 2026 as it increases local sourcing to reduce import dependence and strengthen inventory availability across its operations. The group said key suppliers were continuing to meet inventory requirements, even as it adjusted its sourcing mix in response to economic conditions and currency pressures. “Supply chains are expected… Subscribe to read full article.
Mozambique boosts Unifreight regional growth
26 UNIFREIGHT Africa’s Mozambican operations strengthened overall group revenue in 2025 as regional expansion efforts beyond its traditional domestic market paid off. The group generated ZiG708,835 million from its primary market, Zimbabwe, and the equivalent of ZiG553,404 million from Mozambique, well above other regional markets. Zambia contributed ZiG16,362 million, while Malawi delivered ZiG23,147 million. Group chief… Subscribe to read full article.
‘Export demand boon for grains sector’
60 ZIMTRADE has urged local producers to prioritise value addition of traditional grains as demand for healthier and gluten-free foods increases in export markets. In its latest newsletter, ZimTrade said products made from sorghum, millet, rapoko and pearl millet are set to grow export earnings and strengthen rural industries. “Traditional grains are increasingly being recognised not… Subscribe to read full article.
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