HomeBusiness

Business

Zimbabwe Bank Deposits Reach US$7 Billion

HARARE — Zimbabwe’s banking sector deposits have risen from about US$2 billion in 2017 to US$7 billion in 2026, according to figures presented by Cabinet on Tuesday. The announcement came as government approved the Financial Sector Development Strategy for 2026–2030, aimed at strengthening the banking,...

AIR ZIM TO RESUME HARARE-LONDON FLIGHTS

Zimbabwe's government has announced that Air Zimbabwe is expected to restore direct flights between Harare and London by the end of July 2026, marking the airline's return to the route after almost 15 years. Speaking after Tuesday's Cabinet meeting, Information Minister Zhemu Soda said the...

Delta breaches US$1bn revenue through beer, soft drinks intake

Zimbabwean beverages giant Delta Corporation has surpassed the US$1 billion annual revenue mark for the first time after recording strong growth across its lager beer, sorghum beer and soft drinks divisions during the financial year ending March 2026. The company posted revenue of more than...

RBZ suspends 10percent ZiG plan for small gold miners

Zimbabwe’s central bank has temporarily halted the rollout of a policy that would have required small-scale gold miners to retain 90 percent of their export earnings in foreign currency, following operational difficulties that risked disrupting a major source of hard currency inflows. Under the previous...

RBZ urges firms suspended from ZSE to consider VFEX

RESERVE Bank of Zimbabwe Governor Dr John Mushayavanhu has urged companies whose shares were suspended on the Zimbabwe Stock Exchange (ZSE) amid suspected illegal trading in their stocks to consider listing on the Victoria Falls Stock Exchange (VFEX). The VFEX, a US dollar subsidiary of...

Industrial revival takes shape: VP Chiwenga

ZIMBABWE’S quest for an empowered upper-middle-income economy by 2030 is shaping up, following a positive uptick in the country’s industrial capacities. Industrial revamping and revival are central to the country’s sustainable economic growth. Since the advent of the Second Republic, the Government has been actively...