馃嚳馃嚰ZimbabweSouthern Africa
Zimbabwe targets US$1.56 billion tourism revenue in 2026
via NewsDay Zimbabwe1 min read
Zimbabwe aims to achieve US$1.56 billion in tourism revenue by 2026. The country is also seeing a US$650 million investment vision, reinforcing confidence in its long-term growth potential. Efforts are underway to boost climate recovery with a US$25 million initiative, and an ambassador supports a rabbit export drive targeting African markets. The Deposit Protection Corporation fund has surged 89% to US$28.8 million due to premium and investment gains, with premium contribution rates for ZiG and USD deposits remaining at 0.3% of annual average deposits. However, colonial-era laws are reportedly hindering housing growth, and the gold boom is struggling to attract capital inflows. The government is positioning the insurance and pensions sector as a key driver for Vision 2030, while the Ghana Chamber of Mines chief emphasizes policy certainty for Zimbabwe's mining growth.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
EcoCash has launched the eighth edition of its ChakaChaya neEcoCash Promotion, offering over US$400,000 in prizes, including 10 new vehicles, to customers across Zimbabwe. The promotion began on Thursday, June 18, 2026, with a roadshow in Harare. First introduced in 2018, the annual campaign is recognized as one of the country's largest consumer promotions. Prizes this year include solar systems, smartphones, all-expenses-paid holidays to Victoria Falls, deep freezers, cash rewards, and grocery vouchers. Customers earn points by making transactions through their EcoCash USD or ZWG wallets, with every US$1 or equivalent in ZWG earning one point. Transactions like diaspora remittances and payments via the new EcoCash Super App receive double points. A minimum of 30 points per week is required for weekly draws, while 500 or more points over the promotion period qualify customers for the grand prize draw. Prize draws will occur in over 30 locations nationwide, including Bulawayo, Masvingo, Gweru, Mutare, Chinhoyi, Chipinge, and Mt Darwin, with independent auditors overseeing the process. Winners will be notified by SMS and announced on EcoCash's official platforms. New customer registrations and EcoCash Super App downloads will also receive free airtime. EcoCash stated the promotion aims to reward loyalty and promote digital financial services, thanking customers for using their services for various transactions.
Must ReadAlpha Media Holdings AMH, an independent media house, publishes four newspapers: The Zimbabwe Independent, The Standard, Southern, and NewsDay, each with an online edition. Recent headlines from these publications cover a range of topics including Members of Parliament demanding law overhauls for the elderly, a malaria surge in Mash West, and a US$650 million investment vision reinforcing confidence in Zimbabwe鈥檚 long-term growth potential. Other news includes an ambassador backing a rabbit export drive, Zimbabwe setting in motion a US$25 million climate recovery boost, and concerns over ZiG bottlenecks threatening the 50-tonne gold delivery target, particularly as small-scale miners contribute 75% of gold deliveries. The Deposit Protection Corporation DPC has tripled bank deposit cover to US$3,000 and quadrupled microfinance protection to US$2,000. Political tensions at grasslands plots have led to violent attacks and forced evictions, while the stability of VFEX masks underlying value. There are also reports of Zanu PF's political maneuvers regarding CAB 3 and CAB 4, and a High Court decision quashing a Kwekwe house deal. The articles also touch on the need for coordinated efforts to unlock air cargo growth and the challenge of transitioning AI strategy to AI impact.
Must ReadZimbabwe faces economic hurdles, including ZiG bottlenecks threatening gold deliveries from small-scale miners, who contribute 75% of the total. The country is also pursuing a US$25 million climate recovery boost and a rabbit export drive to African markets, supported by an ambassador. Political tensions are evident with reports of violent attacks and forced evictions at grasslands plots, and speculation about Zanu PF's strategies towards a referendum and a potential CAB4 plot with Tshabangu. In the financial sector, the DPC has tripled bank deposit cover to US$3,000 and quadrupled microfinance protection to US$2,000. Other news includes a Gunhill farmer converting a garage into a mushroom farm, a malaria surge in Mash West, and discussions around the US$650 million investment vision reinforcing confidence in Zimbabwe鈥檚 long-term growth potential.