The Markets Ledger

Zim tobacco sales reach 239,7 million kg

Zimbabwe’s tobacco sector is forecast to make record sales this year, with output expected to exceed 360,000 tonnes, driven mainly by smallholder farmers operating under contracts with Chinese firms.

New Development Bank board negotiates Zimbabwe membership

The New Development Bank (NDB) – formerly known as the BRICS Development Bank – has commenced formal negotiations on Zimbabwe’s possible membership to the institution, a move that could unlock new lines of credit and alternative development financing for the country. NDB president Dilma Rousseff has communicated the move, decided by the multilateral financial institution’s board, to Zimbabwe’s authorities.

Trump and Xi summit ends without any major deals signed

President Donald Trump departed Beijing Friday afternoon local time without any immediate sign that the US and China have resolved thorny challenges dogging their fractious relationship, but with a freshly stabilized relationship with Chinese leader Xi Jinping – for now.

BAT defends bottom line

Cigarettes manufacturer British American Tobacco Zimbabwe Holdings (BAT Zimbabwe) delivered a resilient first-quarter performance, despite weaker consumer demand and rising production costs, underscoring the company’s growing focus on efficiency and market expansion.

Innscor continues strong run

Diversified industrial giant Innscor Africa Limited delivered another solid trading performance in the third quarter of its 2026 financial year, with the group reporting broad-based volumes growth across key business units to reinforce its position as one of Zimbabwe’s most resilient consumer-facing corporates.