Business

Old Mutual cautiously optimistic of economy

KUDZANAI GEREDE OLD Mutual Zimbabwe (OMZ) says it is cautiously optimistic about the country’s market outlook, citing sus­tained macroeconomic stability sup­porting operations despite external risks from the Middle East conflict. This comes as the diversified fi­nancial services group posted a 43 percent year-on-year increase in after tax profit of US$40,177 million for the year driven…

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Workplace death toll hits peak

ZIMBABWEAN workplaces have become death traps as fatalities surged to a four-year high, prompting a stern government ultimatum to industry leaders. Opening the Occupational Safety and Health (OSH) engineers workshop last week, the minister of Public Service, Edgar Moyo, exposed a chilling reality, the decline in workplace danger had reversed into a deadly upward trend….

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Business

First Capital profit up 52pc

KUDZANAI GEREDE FIRST Capital Bank (FCB) recorded a 52 percent year-on-year surge in prof­it to US$30 million for the year ended December 31, 2025 driven by strong customer acquisition and improved efficiencies from technology-enabled processes. The group’s positive performance also benefited from an expanded omnichannel presence, an upgraded ATM estate, and the deployment of integrated…

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Bulawayo’s commercial debt chokes city revenue

YVONNE NCUBE THE growing concen­tration of municipal debt in Bulawayo’s commercial and in­dustrial zones is raising fresh concerns over the city’s fi­nancial sustainability. Authorities warn that contin­ued non-payment could crip­ple essential services. According to the Bula­wayo City Council (BCC)’s latest newsletter, the central business district, industrial areas, and eastern suburbs account for the largest share…

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RTG posts strong revenue growth

MASIMBA MAKWEMBERE LEADING hospitality firm, Rain­bow Tourism Group, recorded robust growth in 2025, with revenue rising 13 percent to US$50.3 million, up from US$44.4 million recorded in 2024, driven by innovative strategies and the sustained strength of the Group’s diversified hos­pitality and tour operations portfolio. In a statement accompanying the group’s financial results, RTG board…

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Cops raising bar on their conduct

 POLICE are escalating their efforts to improve the conduct of officers carrying out proactive patrols or manning roadblocks, in a bid to ensure that this is done in strict accordance with established standards and legal provisions. This comes amid re-emerging issues around the alleged needless harassment of motorists and the growing proliferation of checkpoints in…

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Govt moving to consolidate ZiG

 AUTHORITIES are prioritising the strengthening of the ZiG, through prudent fiscal and monetary reforms, ahead of aspirations to make the domestic currency more acceptable abroad. Speaking in the National Assembly this week, the minister of Finance, Mthuli Ncube, said all this was aimed at deepening confidence in the local unit and increasing its usage in…

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Nkala exits Tanganda after 29 years

BUSINESSMAN Her­bert Nkala has stepped down as director of Tanganda Tea Com­pany (Tanganda) after 29 years of service, including the last five as chairman. The move, confirmed yesterday, coincided with a shareholding shift following the entry of new strate­gic investor Rutanhi Investments, an Innscor Africa unit. Nkala, who served on Tangan­da’s board for 29 years,…

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Nurses give govt strike ultimatum

NURSES have given the government an ultimatum, warning that they will go on a nationwide strike next month if their concerns are not addressed.In a letter dated March 26 to the Health Services Commission (HSC), Zimbabwe Nurses Association (Zina) president Enock Dongo said nurses would stop working from April 15 to 17.“We have been instructed…

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Harare crime rate double national average

ZIMBABWE recorded 426 946 criminal offences between October and December 2025, marking a 12,1 percent increase from 380 727 cases reported in the third quarter of the year, according to Zimstat. This comes after the country has of late experienced more incidences of crime that include robbery, sexual offences, drug-related crimes, and murder, with cases…

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