Shepherd Simbi

[Zimbabwe Economic Review @ZimbabweReview]

ZiG Payments Hit 43% as RBZ Targets Long-Term Capital.

ZiG now accounts for about 43% of transactions across payment platforms, which RBZ Deputy Governor Dr Innocent Matshe says signals growing use and confidence in the local currency.

The RBZ’s next challenge is converting higher transactional use into long-term savings, deposits and investment capital that banks can channel into productive lending.

Matshe said banks are gradually shifting from simple savings mobilisation towards capital formation, although lending has yet to increase proportionately. The loans-to-deposit ratio has declined by around 3–5 percentage points, which the RBZ views as part of the monetary transition.

The key test for ZiG is therefore moving from payments → savings → credit → long-term investment, creating a deeper domestic financial market capable of financing businesses, housing, equipment and economic expansion.

[newZWire @newswireZW]

A strong first half of the year for Padenga Holdings, with high gold prices driving a sharp rise in profits.

Dallaglio, which runs Pickstone and Eureka gold mines, makes up 97% of Padenga’s revenue. In the 6 months to June, Dallaglio produced 1,345kg of gold. That was just 4% higher than the same time last year, but Padenga benefited from firm gold prices.

· Revenue up 44% to US$187.7 million
· Earnings (EBITDA) up 110% to US$100.8M
· Pre-tax profit up 161% to US$107.3 million

Dallaglio is expanding both mines. The company recently commissioned two new solar plants, 5.4MW at Eureka and 4.9MW at Pickstone, adding to its power capacity as production expands.

[EFE SECURITIES @EFESECURITIES]

Padenga HY26 results for the six months ended 30 June 2026 (US$)
Revenue grew by 44% to $187.74m
EBIDTA rose by 110% to $100.82m
PBT was $107.31m
Profit for the period rose by 212% to $82.75m
Cash generated form operations was $90.26m
Declared a divided of $0.0319

[Zfn Capital Zimbabwe @ZfnCapital]

📊FMHL HY 2026 (ZWG): Profit After Tax up 222% to ZWG 19.8M. Net investment return up 568% to ZWG 13.7M. Fair value gains on investment property up 1,257% to ZWG 13.8M. Insurance revenue up 6% to ZWG 92.8M. Total assets up 9% to ZWG 306M. Interim dividend of ZWG 1M declared. #FML

[EQUITY AXIS @EquityAxis]

Padenga’s Earnings Surges Past US$180m, Production Growth Meets Record Price Cycle
Gold output increased only 4%, yet Dallaglio revenue increased 48%, while group profit after tax more than tripled.
https://t.co/oByyIDdiAy

[Savheya VeFashion @Savheya_Happie]

Talmach (Pvt) Ltd are now our development partners.
Bring your acres of land and we develop it for you at $0.00.

Talmach have completed;
1. Timire Park, Ruwa
2. Boulders Estate, Ruwa

They are very legit, professional, reliable, trusted....Bring your land or grab a residential stand today

Contact: 0716 991 881 for more information

50 reposts 🔁 please. Pamwe ndingapihwawo 245m² stand.

[newZWire @newswireZW]

The Chirundu Border Post’s upgrade has reached financial close. This means the financing arrangements are now in place, and work can start.

The contract was awarded to Chirundu Border Consortium, which will mobilise the capital, develop and operate the upgraded border post. SAFAGA International is the project sponsor, while Strategic Partners Group is an investment partner. Standard Bank SA is the lead debt arranger and senior lender.

Among the investors is Glynn Cohen, also an investor in Zimborders, the consortium that rebuilt the Beitbridge Border Post.

In 2024, Cabinet said the project was for US$66.8M, and that it would be implemented under a 20-year concession.

Chirundu, between Zim and Zambia, is a key route for regional trade. The upgrade is meant to replace old infrastructure and cut delays.

A 2025 Business Environment Monitoring Survey put the average time to cross Chirundu at about 15 hours, with customs clearance and vehicle queues accounting for more than 80% of crossing time.

[newZWire @newswireZW]

Zimbabwe’s tobacco industry is heading into the new growing season with a sharp warning sign: Far fewer farmers are registering to grow tobacco

https://t.co/6RcUmm2XyO

[Sylvester Mupanduki @SMRI_Institute]

A ruler measures things. If a ruler is re-marked so that a two-metre table reads four metres, the table has not grown. Only the ruler has changed. VFEX just re-marked its ruler, which is the market cap formula: share price × number of shares. The table is Old Mutual.

On 13 August, Old Mutual closed at US$0.8028, with a market cap of US$50.96 million. That was measured on the roughly 65 million shares on the Zimbabwe register. On 14 August, it closed at US$0.8385, with a market cap of US$3.77 billion. That was measured on all 4.498 billion shares issued globally. The price rose 4.45% and the market cap +7 300%. As a result, VFEX's total market cap went from US$4.08 billion to US$7.81 billion in one day, and Old Mutual's re-measurement accounted for US$3.72 billion of that US$3.73 billion jump. Today, VFEX stands at US$8.23 billion, with Old Mutual alone making up US$4.08 billion, or 49.5% of the exchange.

Same company. A price up 12.86% since 13 August, against a market cap up +7,800%. Same shares available to Zimbabwean investors. The market did not grow. The ruler that measure the market did. The reform is fair for showing Old Mutual's true global size. But it adds no investors, no trading and no capital. A larger reported market is not a deeper market.

https://t.co/mhjvdo7CvN

[EQUITY AXIS @EquityAxis]

Inside Meikles’ 28-Year Victoria Falls Hotel Disposal Process
https://t.co/jXtJGL36vC

[Munya Hoto @its_hot_o]

Ndaitaura sendinopenga ukabvunza shamwari 📯

[EQUITY AXIS @EquityAxis]

This week's issue of The Axis Top story : Embassies Retreat Zimbabwe's Cushion Shrinks
https://t.co/r50lDuo8ic

[EQUITY AXIS @EquityAxis]

Gold Target Comes Within Reach, August Sets New Production Pace
https://t.co/9UOm07eMxW

[newZWire @newswireZW]

In 1982, Eddison Zvobgo said: ‘Nations who go about destroying their old buildings are in danger of destroying their own heritage.’

In Harare, some of the city’s most historic buildings are being lost as the CBD makes way for informal retail

https://t.co/j6qlwd6thL

[Zimbabwe Economic Review @ZimbabweReview]

Sandawana Advances US$700m Lithium Beneficiation Programme

Mutapa Energy Resources is advancing two major lithium processing investments at Sandawana Mine in the Midlands, with combined estimated investment of about US$700 million.

The first is a US$300 million lithium concentrator, targeted for commissioning in November 2027. The facility will process locally mined lithium ore into concentrate, providing the feedstock required for further downstream processing.

The second is an estimated US$400 million lithium sulphate plant. Mutapa expects to have a financing plan in place by December 2026, marking another step towards producing higher-value lithium chemicals locally.

Together, the US$300m concentrator + US$400m sulphate plant represent Sandawana’s transition from raw lithium extraction towards an integrated beneficiation operation and support Zimbabwe’s policy of increasing domestic mineral processing.

[Mutapa Times @mutapatimes]

Mining giant ZIMASCO has injected US$2.5 million into the National Railways of Zimbabwe (NRZ) under a Public‐Private Partnership (PPP) scheme, breathing new life into the country’s struggling rail system. #Zimbabwe #Bus... https://t.co/Z1uUfZhcJ0

[Mutapa Times @mutapatimes]

Washington, DC: An IMF team led by Mr. Wojciech Maliszewski visited Harare from September 7 to 17, 2026, to conduct discussions for the second review under Zimbabwe’s Staff-Monitored Program. Following productive discus... https://t.co/wRg6o5hFw9

[Mutapa Times @mutapatimes]

Chief Fortune Charumbira allegedly registered a claim over a Bondolfi gold-rush area one week after advising villagers mining there to legalise their operations. The post Chief Charumbira accused of grabbing Bondolfi go... https://t.co/eFCYnZT7Lc

[Zimbabwe Economic Review @ZimbabweReview]

ZIMBABWE SEEKS US$115M AFREXIMBANK LOAN TO REVIVE NRZ.

Zimbabwe is negotiating a US$115 million Afreximbank facility to acquire 10 locomotives and 315 wagons and rehabilitate railway infrastructure.

NRZ freight volumes have plunged from about 12 million tonnes in the 1990s to 2 million tonnes in 2025, amid years of underinvestment.

NRZ estimates a US$600 million requirement for a full rolling-stock and network overhaul, making the proposed facility an initial step toward restoring rail capacity as mineral exports expand.

[newZWire @newswireZW]

Are some foreign investors still overstating the risks of investing in Zimbabwe?

Two investors that have recently raised capital for large-scale mining projects here think so.

At an investor presentation in New York this week, Caledonia Mining’s VP for Corporate Development Maurice Mason says: “This (risk perception in Zim) is one we think has been overdone and mispriced”.

Earlier this year, Caledonia raised $150m through a bond for its Bilboes project, attracting more than $600m in bids, including strong demand from US institutional investors.

Tharisa is making a similar case.

Read more on their take here ➡️ https://t.co/vozwrs9Q70