Zimbabwe Bank Performance Insights show CBZ Holdings leading the pack with notable growth in the nine months to September 2025. The group reported a 10 percent rise in after-tax profit to ZWL 1.11 billion, driven by strong deposit mobilisation and higher non-funded income from fees and transactional activity. Total income jumped 58 percent to ZWL...
Zimbabwean lithium miners VAT relief is now a central focus as companies push for temporary suspension of VAT and export levies on lithium concentrate. This request aims to ease financial pressures while miners develop local processing plants. The moratorium, proposed to last until the end of 2026, highlights the tension between immediate revenue collection and...
Zimbabwe and Zambia have moved quickly to deepen cooperation under the new Zimbabwe Zambia BNC Partnership. The inaugural Bi-National Commission session in Harare has shifted the relationship from routine trade talks to structured cooperation on investment, infrastructure, energy and tourism. For businesses, investors and regional planners, the Zimbabwe Zambia BNC Partnership offers a practical roadmap...
Cassava GPUaaS launched a regional GPU-as-a-Service platform that brings high-performance compute closer to African users. Cassava GPUaaS aims to lower latency, reduce costs for model training and keep sensitive data within the region, making it easier for local developers and governments to run advanced AI workloads. The immediate technical benefit is reduced latency. When compute...
Dangote Industrial Impact takes center stage as Aliko Dangote visits Harare, signing a MoU worth approximately US$1 billion. The plan includes a cement plant, power generation, and a petroleum pipeline. If executed, these projects could transform Zimbabwe’s industrial sector and ease critical supply constraints. This commentary examines the potential benefits, operational risks, and the measures...
Fraud in Zimbabwe has increased across business and social sectors. Scams range from fake suppliers and cloned company profiles to online investment schemes and property swindles. The volume and sophistication of these schemes are undermining consumer confidence and commercial activity. Businesses and households are increasingly exposed to losses that slow economic recovery. The forms of...
Zimbabwe’s election as Vice President of the United Nations World Tourism Organisation (UNWTO) General Assembly marks a major opportunity for the country’s tourism and hospitality sector. The position, shared with Nigeria, gives Zimbabwe a stronger voice in shaping global tourism policies while promoting Africa’s interests. For ordinary Zimbabweans and local businesses, this new leadership role...
Zimbabwe faces a fresh threat from World Health Organization efforts to restrict tobacco. The move follows accusations of child labour and concerns over traceability, deforestation and market practices. If a ban is imposed, the country could lose significant foreign currency income. Tobacco is Zimbabwe’s fourth largest foreign currency earner after gold, platinum and diaspora remittances....
Runaway Train Carrying 450,000 Litres of Diesel Crashes in Bulawayo Bulawayo was shaken on Saturday morning by a serious railway accident involving a goods train carrying 450,000 litres of diesel. The incident happened at Mpopoma Station when an unmanned train, which had arrived from Mozambique, unexpectedly began to move on its own and crashed into...
Harare, Nov 2025 – Zimbabwean car market, car dealers, and investors are being encouraged to take advantage of South Africa’s ongoing shift in the automotive market, where several popular car models are being discontinued. The move, driven by automakers transitioning toward electric vehicles and new market dynamics, is expected to create both opportunities and challenges...