Business

Stanbic supports Zim–China horticulture trade

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STANBIC Bank Zimbabwe has demonstrated its commitment to supporting Zimbabwean farmers access international markets by participating at the Zimbabwe–China Horticulture Buyers Engagement held recently in Mutare. The buyers engagement, organised by the national trade and development agency, ZimTrade, brought together local horticul­ture producers and Chinese buyers seeking to establish supply relationships with Zimbabwean farmers. Stanbic…

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‘Our fuel supply is under control’

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DESPITE the Middle East conflict and the resultant squeeze on global fuel supplies, Zimbabweans should not worry about potential shortages and untenable price hikes going forward, authorities say.Speaking to the Daily News — the country’s most influential newspaper — the chief executive officer of the Zimbabwe Energy Regulatory Authority (ZERA), Eddington Mazambani, stressed yesterday in…

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Business

Inefficient mining methods hamper gold output

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ZIMBABWE is losing most of its gold output to poor recovery techniques used by artisanal and small-scale miners. Speaking during a Planet Gold Zimbabwe workshop in Bulawayo yesterday, ministry of Mines chief engineer Michael Munodawafa said poor recovery techniques were resulting in substantial mineral losses, undermin­ing both national revenue and miners’ earnings. “A miner may…

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Agriculture gets significant boost

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IN A major boost to the pivotal agricultural sector, authorities have announced a significant increase in the producer prices of maize, traditional grains, soya bean and sunflower for the 2025/26 summer cropping season.The new prices, which were released by the Grain Marketing Board (GMB) yesterday, are aimed at cushioning farmers from rising production costs, while…

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Lithium export ban tied to beneficiation — Goverment

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THE government says the ban on lithium exports remains in force until mining companies actively participate in the value chain through increased local beneficiation and value addition.Addressing the media in Harare on Tuesday night, the minister of Information, Zhemu Soda, said the stance by the government was part of efforts to maximise returns from the…

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Four men await judgment in murder case

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FOUR men from Silobela, who are facing murder charges over the death of a 67-year-old man, are now awaiting judgment after the matter was heard in court.Petro Ntini, 27, Kwanele Ntini, 24, Thulani Sibanda, 23, and Michael Ngwenya, 20, yesterday appeared before High Court judge Ngoni Nduna.They all pleaded not guilty to the charge. The…

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Man caged 18 months for debit card theft

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A BULAWAYO man has been sentenced to an effective 18 months in prison after he was found in possession of 21 debit cards belonging to different individuals and financial institutions.Caleb Murahwa of Mpopoma suburb yesterday appeared before Bulawayo magistrate Babra Phiri facing a theft charge.He pleaded not guilty and was convicted after a full trial.He…

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Business

Mutapa records US$22m surplus

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MUTAPA Investment Fund (MIF) achieved a US$21,7 million surplus after tax for the year ended December 31, 2025, marking a 503 percent jump from US$3,6 million in 2024 aided mainly by strong dividend income.MIF, the country’s sovereign wealth fund, manages a portfolio of 30 companies adding up to approximately 70 including associates and subsidiaries.Dividend income…

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