DPC seeks tougher penalties for non-compliant banks
The penalties are intended to strengthen depositor protection while aligning Zimbabwe’s banking resolution framework with international standards.
ZB Building Society liquidates
Real estate investor ZB Building Society (ZBBS) has been placed under liquidation in terms of the Insolvency Act [ Chapter 6:07], after voluntary surrender of its licence, the Deposit Protection Corporation (DPC) said.
El Niño threatens Zimbabwe’s 2027 outlook: IMF warns growth could slip to 2-3pct
The International Monetary Fund warns that the expected El Niño could impact Zimbabwe’s agriculture industry, “if it materializes”, potentially dragging the country’s 2027 economic growth down to around two-to-three percent, from the anticipated 4.2 percent.
Zimbabwe fuel prices drop further
The Zimbabwe Energy Regulatory Authority (Zera) has lowered fuel prices again to US$1.87 per litre from US$1.99 for diesel (50) and US$1.93 per litre for blend (E20) from US$1.98.
Zimplow leans on mining and logistics, cuts reliance on agriculture
Zimplow Holdings is restructuring its operations to reduce reliance on seasonal agricultural demand, with management placing greater emphasis on mining, after-sales services and logistics to deliver more stable earnings throughout the year.
Avantis unveils grand AI plan
Avantis Technologies Manufacturing is pursuing a long-term strategy to establish itself as one of Africa’s leading artificial intelligence companies by developing industry-focused AI solutions before investing in proprietary AI models and expanding into global markets.
Tongaat Hulett CEO appointed to Hippo Valley board
Tongaat Hulett Limited chief executive Gavin Dalgleish has been appointed non-executive director to Hippo Valley Estates Limited board.
Zimplats spends US$100 million on alternative energy
Zimplats is set to commission a US$60 million 45-megawatt (MW) solar power plant next month, making the platinum group metals (PGM) producer’s investment in energy solutions a total US$97 million.
Zim tobacco earnings reach US$860.64 million
Zimbabwe’s tobacco earnings have reached US$860.64 million since the beginning of the 2026 marketing season, way below last year’s sales due to depressed international prices.
ART narrows losses, revenue up 6pct
Amalgamated Regional Trading (ART) Holdings reported improved performance and stronger revenue for the six months ended 31 March 2026, although the group remained in the red before tax due to a loss booked on the disposal of discontinued assets.