Ecobank bets on Zimbabwe’s lithium boom 

Source: Ecobank bets on Zimbabwe’s lithium boom –Newsday Zimbabwe ECOBANK Zimbabwe Limited (EZL) plans to expand funding into the country’s growing lithium sector as it positions itself within the battery minerals value chain, after deploying US$369 million to mining operators and related businesses between 2021 and 2025. The bank’s audited results for the year ended […]

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Source: Ecobank bets on Zimbabwe’s lithium boom –Newsday Zimbabwe

ECOBANK Zimbabwe Limited (EZL) plans to expand funding into the country’s growing lithium sector as it positions itself within the battery minerals value chain, after deploying US$369 million to mining operators and related businesses between 2021 and 2025.

The bank’s audited results for the year ended December 31, 2025, show deposits rose 41,3% to ZiG20,4 billion (about US$785,1 million), while the loan book increased 71,7% to ZiG11,87 billion (US$456,8 million).

Shareholders’ equity rose 60,2% to ZiG4 billion (US$153,9 million), while core capital increased to US$129,1 million, strengthening the bank’s capacity to finance large-scale mining and beneficiation projects.

EZL said Zimbabwe was at a key point in the global energy transition, with significant lithium resources and rising demand creating opportunities for value addition and industrial growth.

“It needs capital. It needs infrastructure. It needs energy reliability. It needs trade connections,” the lender said.

The bank said it has a significantly stronger funding base from which to support Zimbabwe’s lithium ambitions, with rising deposits, a larger loan book and improved capital levels.

“With significant lithium resources and growing global demand, our nation has the opportunity to move beyond extraction towards value addition, beneficiation and long-term industrial growth.”

The lender said it had become one of the few local banks to surpass US$100 million in revenue in 2025, driven by strong lending and transaction activity.

Net interest income rose 134% to ZiG1,17 billion, while non-interest income increased 99% to ZiG2,38 billion, supported by higher transaction volumes and demand for trade finance and cash management services.

Fee and commission income grew 116% to ZiG1,75 billion.

Total assets increased 41,1% to ZiG25,29 billion (about US$973,4 million), bringing the bank close to the US$1 billion mark and boosting its capacity to finance capital-intensive mining projects.

EZL said it remained committed to supporting Zimbabwe’s mining sector through structured commodity trade finance and digital payment systems to facilitate trade and exports.

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Senatorial endorsement! . . . As 75 against 4 vote for CAB3

Source: Senatorial endorsement! . . . As 75 against 4 vote for CAB3 – herald Minister Ziyambi Ziyambi Nyore Madzianike Senior Reporter An overwhelming majority of 75 against four votes saw the Constitutional Amendment Bill Number 3 sail through Senate last night. The Bill is set to be transmitted to the President for his assent. […]

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Source: Senatorial endorsement! . . . As 75 against 4 vote for CAB3 – herald

Nyore Madzianike

Senior Reporter

An overwhelming majority of 75 against four votes saw the Constitutional Amendment Bill Number 3 sail through Senate last night.

The Bill is set to be transmitted to the President for his assent.

Once signed, it will be gazetted into law.

Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi, responding to debate on the Bill, said a record 55 senators contributed during the Second Reading, describing it as the highest level of participation in the history of the Senate.

Only five senators opposed the proposed amendments.

In a massive show of cross-party support, several CCC senators, including Senator Sengezo Tshabangu, joined their Zanu PF counterparts in backing the Bill.

“Again, honourable president, this is also very historic. We have heard about 55 senators debating in the history of this Senate. I think this is the highest, in fact, it is the highest, and only five were totally against the Bill and the rest, in one way or the other, lent their support to the Bill, which they indicated was very progressive, and I want to thank them,” said Minister Ziyambi.

There was one abstention.

He commended Senators for engaging constructively with the proposed legislation, saying the debates had enriched the democratic process.

The Bill, Minister Ziyambi said, sought to address five interconnected challenges affecting the constitutional framework, and that some critics had focused on isolated issues without considering the broader objectives of the proposed amendments.

The minister said the Constitution should be viewed as an enabling framework rather than a document that directly delivers goods and services.

“A Constitution is not a grocery list document. It’s a document that is an enabler, that allows an environment where a baker will be able to make bread, and bread will be found in grocery shops, where Government will be able to plan properly. A road will be constructed, just like what we did with Harare-Beitbridge Road. So, this is not a document whereby you can use to go shopping with. It is an enabler. It creates an environment that ensures that all those things happen,” he said.

The minister singled out contributions from Senator Kucaca Phulu, whom he praised for focusing on the substance of the Bill rather than political considerations.

“I just want to applaud the kind of debate that was done by Honourable Phulu. He spoke to the substance of the Bill rather than to the emotion or to the politics. I think that is the thrust that we are looking at, to say let’s look at the substance of the Bill. What is the mischief that we want to cure? How do we cure it without politicking to say that I oppose it because it takes away one man, one vote, and I think he articulated it very well,” said Minister Ziyambi.

The minister indicated that Government would consider proposals raised during debate regarding the inclusion of provisions dealing with post-conflict healing and reconciliation, acknowledging that conflict was a reality in societies and that there was merit in considering constitutional provisions addressing post-conflict resolution and national healing.

He also acknowledged concerns raised regarding the role of traditional leaders, saying Government remained committed to ensuring that the position of chiefs was respected while addressing outstanding issues through legislation where necessary.

On issues relating to Gukurahundi, Minister Ziyambi rejected assertions by Senator Tshabangu that there had been genocide in Zimbabwe, maintaining that there was never a deliberate Government policy aimed at eliminating any tribe.

“I want to thank again Honourable Senator Tshabangu for a lot of things that are insightful that he spoke about, the post-conflict healing and reconciliation, but I want to make a correction for the record. I don’t believe there was genocide in Zimbabwe. In fact, there was no genocide. There was a conflict, but there was never a deliberate Government policy at any one time to eliminate one tribe against the other. I come from an area where all tribes stay, not a single tribe was eliminated, so I believe that in trying to express our feelings, sometimes we become animated and will be quoted wrongly. I think that statement, it was over excitement, there was no genocide,” he said.

He added that President Mnangagwa had championed efforts aimed at conclusively resolving Gukurahundi-related matters through traditional leaders and local processes informed by customs and traditions.

Minister Ziyambi said Zimbabwe was a united nation that knew no tribalism and urged leaders to avoid reopening old divisions.

“That being said, the President is a champion of ensuring that the Gukurahundi issues are concluded and concluded conclusively. I believe that when he came in, he started engaging traditional leaders and he has even said at one forum where I was that he wants the chiefs to take charge and tell us how those issues are supposed to be resolved. Because each and every chief has his own traditions and customs that they follow and whatever they believe would appease the spirits and ensure that we become united, the chiefs must take the lead. But we have agreed that we need, going forward, a clause that speaks to post-conflict resolution and national healing. But what I reject, Mr. President, is that there was at any time in this country a deliberate policy to do what Senator Tshabangu said. We have never been a country like that, in fact, we are a proud nation that knows no tribalism,” said Minister Ziyambi.

The minister warned against allowing partisan politics to undermine progressive constitutional reforms, saying history would judge lawmakers harshly if they failed to pass amendments that would benefit future generations.

“History will not treat us well if we don’t pass this amendment because it has got several progressive provisions in it that will ensure not only us but generations to come will progress and our country will develop because of that,” he said.

He applauded senators for what he described as a mature and substantive debate on the Bill.

“I think I want to support and thank all the honourable senators for the very mature debate that happened in this house,” said Minister Ziyambi.

The Bill now proceeds to the Committee Stage, where senators are considering its clauses in detail.CAB3 enters Committee Stage in Senate

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President mourns agric expert Mupawose

Source: President mourns agric expert Mupawose – herald President Mnangagwa Herald Reporter PRESIDENT Mnangagwa has conveyed his condolences following the death of former Lands and Agriculture Permanent Secretary, Dr Robbie Mupawose, describing him as a fountain of knowledge and an outstanding corporate leader. Dr Mupawose died last Sunday after a long illness. He was 91. […]

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Source: President mourns agric expert Mupawose – herald

Herald Reporter

PRESIDENT Mnangagwa has conveyed his condolences following the death of former Lands and Agriculture Permanent Secretary, Dr Robbie Mupawose, describing him as a fountain of knowledge and an outstanding corporate leader.

Dr Mupawose died last Sunday after a long illness.

He was 91.

In his condolence message yesterday, President Mnangagwa said Dr Mupawose was a professional who was asked to come back to the country after Independence, in 1980, to take up leadership roles in the emerging civil service.

“A long-time Permanent Secretary in our Lands and Agricultural Ministries, Dr Mupawose belonged to a pioneering crop of experts we summoned back home at Independence to take up leadership positions in the nascent post-independence civil service,” he said.

“Without hesitating, he packed his bags and headed home, where he helped repair and rehabilitate our agricultural sector, which had been broken by a long war.

“In that demanding role, he was part of a team which tackled and developed a blueprint for our land reforms and the resettlement programme, a dual assignment he remained seized with right up to his last days in Government.”

President Mnangagwa added that even after he left the civil service, Dr Mupawose still assisted with various agriculture and economic frameworks.

“Even after leaving Government, we continued to draw on his expertise, including in the context of the National Economic Consultative Forum (NECF) where agricultural policies were shaped and made to speak to the rest of the sectors of our economy.

“His chairmanship of Agricultural Boards such as TIMB, ARDA, AMA and the Biotechnology Council of Zimbabwe, was salutary and directional.

“Later in his wide-spanning career, he chaired many boards in the private sector, and advised on numerous international bodies, which included the World Bank.”

President Mnangagwa extended condolences to the bereaved family and described Dr Mupawose’s death as a national loss.

“We have lost a fountain of knowledge and expertise,” he said.

“On behalf of the Party, ZANU PF, Government, my Family and my behalf, I wish to express my deepest, heartfelt condolences to the Mupawose Family, especially to Amai Mupawose and the children, on this their saddest loss. I also condole with colleagues of Dr Mupawose, both in the public and private sectors, on this huge loss.

“May they all derive solace from the outstanding and indelible accomplishments of the dear departed, always remembering that our Nation hails him as among its great sons.”

President Mnangagwa also granted Dr Mupawose a State-assisted funeral in recognition of his immense contribution to national development and professional leadership.

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Harare-Bound Bus Rams Stationary Lorry, Two Dead 

Source: Harare-Bound Bus Rams Stationary Lorry, Two Dead ⋆ Pindula News Two people died, and five others were injured when a Harare-bound Yutong bus crashed into a stationary lorry at the 195-kilometre peg along the Harare-Masvingo Road on Monday, 22 June. In a statement, the Zimbabwe Republic Police (ZRP) confirmed that the bus, which was […]

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Source: Harare-Bound Bus Rams Stationary Lorry, Two Dead ⋆ Pindula News

Harare-Bound Bus Rams Stationary Lorry, Two Dead

Two people died, and five others were injured when a Harare-bound Yutong bus crashed into a stationary lorry at the 195-kilometre peg along the Harare-Masvingo Road on Monday, 22 June.

In a statement, the Zimbabwe Republic Police (ZRP) confirmed that the bus, which was carrying 65 passengers, rammed into the back of a stationary MAN TGS440 lorry that had broken down and was parked by the roadside.

“The ZRP confirms a fatal road traffic accident which occurred at the 195 kilometre peg along Harare-Masvingo Road on 22/06/26,” reads the statement.

“Two people were killed while five others were injured when a Harare-bound Yutong bus carrying 65 passengers rammed into the back of a stationary Mann TGS440 truck, which had developed a mechanical fault and was parked by the roadside.

“The bodies of the victims were taken to Mvuma Hospital mortuary for post-mortem, while the injured were admitted at the same hospital.”

Meanwhile, the ZRP has appealed for information on two fatal hit-and-run accidents over the weekend – one on the Bulawayo-Victoria Falls Road and another in Kadoma.

“The ZRP is appealing for information which may assist in the investigation of a fatal hit and run road traffic accident which occurred at the 420 kilometre peg along Bulawayo-Victoria Falls Road near Chisuma turn-off. A man (37) died on the spot after being struck by an unidentified vehicle. The driver did not stop after the accident,” the ZRP said.

“In another hit and run road traffic accident, a man (39) was injured after being hit by an unidentified vehicle at the two-kilometre peg along Kadoma-Eiffel Flats Road on 19/06/26.

“The driver did not stop after the accident. Anyone with information to report to the nearest Police Station.”

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Econet explains how Smart4U bundles work, clarifies Fair Usage Policy

Source: Econet explains how Smart4U bundles work, clarifies Fair Usage Policy — CITEZW Econet Wireless Zimbabwe says it has reviewed its Smart4U bundle offering as part of ongoing efforts to align the popular product with changing customer needs and usage patterns, while at the same time clarifying how the product works. The review comes amid […]

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Source: Econet explains how Smart4U bundles work, clarifies Fair Usage Policy — CITEZW

Econet logo

Econet Wireless Zimbabwe says it has reviewed its Smart4U bundle offering as part of ongoing efforts to align the popular product with changing customer needs and usage patterns, while at the same time clarifying how the product works.

The review comes amid growing customer enquiries over why some customers receive different Smart4U offers and why certain Smart4U bundles no longer appeared on their menus. Others wanted to understand why internet speeds may change after they reach specific usage levels.

According to Econet, Smart4U bundles are personalised offers that combines voice, data and SMS into a single package, tailored to a specific individual customer’s usage habits.

Unlike standard bundles that are available to all customers, Smart4U offers are generated based on an assessment of a subscriber’s voice, data and SMS usage over the previous three months.

  • This therefore means different customers will receive different bundle offers, based on their unique usage patterns. At the same time, there is also the possibility of an individual customer’s offer increasing, decreasing, disappearing or reappearing over time – based on changes in their usage patterns.

“Smart4U is designed to provide customers with value based on their unique usage patterns,” Econet said.

“Because every customer’s needs – and therefore usage patterns – are different, the available offer per customer will vary from one subscriber to another,” the company said.

It added that a key area requiring greater customer awareness was the Fair Usage Policy (FUP), which applies to Smart4U bundles and is designed to ensure a fair and consistent experience for all users across the network.

FUP is an accepted practice among internet and mobile broadband service providers globally, that ensures equitable network performance for all customers by preventing a small number of excessively heavy users from degrading the quality of service for the rest of the users.

“The policy helps protect network performance, prevent inequitable use of network resources and guarantees critical access to services for all customers as data consumption continues to grow,” Econet said.

Under the Fair Usage Policy, customers enjoy maximum internet speeds available in their location. However, once certain usage thresholds are reached, browsing speeds may gradually start to decrease – in stages – to help maintain overall network quality in the area for all customers.

Econet explained that Smart4U operates through three usage stages.

“During the primary and first stage, customers access the highest available speeds on the network. Once the applicable Fair Usage threshold is reached, users move to a secondary stage where speeds are reduced, with a further reduction in speeds occuring in the third and last stage, if usage continues beyond prescribed limits,” Econet explained.

It noted, however, that a customer can boost their speeds – back to the maximum available speed in their location – by purchasing a Smart 4U Top Up bundle.

The company stressed that Fair Usage Policies are widely used by telecommunications operators the world over, to balance rising demand for data services with available network resources and capacity to offer the service.

Econet also noted that actual internet speeds can be influenced by several other factors – including location, network coverage, device capability and congestion levels at a particular time.

Smart4U bundles remain valid for 30 days or until the allocated data is exhausted, whichever comes first, and can only be purchased once per calendar month.

However, a customer who deplete their Smart4U allocation before the 30-day bundle expiry period is reached, has the option to purchase a Smart4U Top-Up bundle.

Econet said top-up bundles restore browsing speeds to the maximum level available in the customer’s location, subject to prevailing network conditions, allowing customers to continue enjoying high-speed internet access.

The company also reminded customers that Smart4U bundles are non-transferable and intended for use on the purchasing line only. It said tethering and hotspot functionalities are not supported under the Smart4U bundle offer.

Customers can check whether they qualify for a Smart4U bundle by dialling *143#, selecting their preferred currency option, then choosing the Data and Smart4U menu options. If they are not eligible, they can select any other available bundle offers on the menu.

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