No plans to temper with remittances – Govt

Michael Tome GOVERNMENT has no intentions to temper with remittances and will continue treating them as free funds, Finance, Economic Development and Investment Promotion Secretary, George Guvamatanga has said. According…

Concern over mounting economic challenges

Business Writer Listed firms have expressed concerns over ongoing challenges in Zimbabwe’s economy, despite the introduction of the Zimbabwean Gold (ZiG) currency. Companies such as Amalgamated Regional Trading (ART), OK…

ZERA moves to regulate construction of fuel retail sites

In a development expected to allay public concerns about the location of some service stations, the Zimbabwe Energy Regulatory Authority (ZERA) on Tuesday said it is developing a framework to…

Zimplats mining volumes up 2 percent in FY24

Business Writer Platinum miner, Zimplats, says mining volumes for the year to June 30, 2024 rose 2 percent year-on-year, benefitting from pillar reclamation activities at Rukodzi Mine and the continued…

Schweppes goes for backward integration

Tapiwanashe Mangwiro Schweppes Zimbabwe is making a strategic move to secure the future of its iconic Mazoe Orange Crush by launching a US$28 million citrus project. This initiative aims to…

Youths hold potential for Africa’s economic growth

Business Writer African countries should leverage on the youth potential in the region for innovation, industrialisation, peace and socio – economic growth, the 44th Ordinary of Southern African Development Community…

Old Mutual’s O’mari launches home insurance solution,

Business Writer O’mari, the fintech subsidiary of Old Mutual Zimbabwe, has launched of its new digital-first, low-cost home insurance product ‘O’mari HomeCare,’ underwritten by Old Mutual Zimbabwe Insurance Company. This…

Afreximbank posts strong H1 2024 results amid economic headwinds

Business Writer The African Export-Import Bank (Afreximbank) has announced robust financial performance for the first half of 2024, defying challenging macroeconomic conditions. The bank reported a 24.5 percent surge in net…

Energy woes, tight monetary policy leave businesses limping

Tapiwanashe Mangwiro Business and industry are grappling with persistent power shortages that are threatening to derail production across key sectors. As the electricity crisis continues, companies are forced to navigate…

Lack of infrastructure hampers SEZs development

Business Writer The realisation of Zimbabwe’s Special Economic Zones (SEZs) is being hampered by a critical shortage of infrastructure, particularly in publicly owned zones, according to the Zimbabwe Investment and…

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