daniel chigunwe
- businessweekly
- January 31, 2025
- 440 views
Analyst decry formal retail closures
Business Writer THE closure of formal retail shops in Zimbabwe is of major concern, with many retailers struggling to stay afloat due to various challenges. As of January 2025, the…
leeroy
- businessweekly
- January 31, 2025
- 126 views
U.S. Aid freeze to deepen Zimbabwe’s economic woes, warns FBC Securities
Tapiwanashe Mangwiro Zimbabwe’s fragile economy faces mounting pressure following the U.S. Government’s decision to suspend foreign aid for 90 days, warns FBC Securities, a registered stockbroker on the Zimbabwe Stock…
- businessweekly
- January 31, 2025
- 371 views
Banks hike interest rates amid liquidity crunch, rising credit risk
Business Writer Businesses and consumers in Zimbabwe are facing a new wave of financial pressure as several banks have increased their lending rates to as high as 20 percent per…
- businessweekly
- January 31, 2025
- 846 views
OK Zimbabwe treading in choppy waters . . . Closes five branches
Golden Sibanda The country’s biggest retailer by store numbers, OK Zimbabwe, has plunged into choppy waters, forcing the 83-year old retail chain to immediately shutdown five outlets across the country…
- businessweekly
- January 31, 2025
- 179 views
Zimplats splashes US$460m supporting local economy
Business Writer ZIMBABWE’s giant platinum group metals (PGM) producer, Zimplats, has splashed nearly US$460 million towards supporting the domestic economy under its Local Enterprise Development (LED) programme since 2013, thereby…
- businessweekly
- January 31, 2025
- 109 views
Local demand slump casts shadow over economic recovery prospects
Tapiwanashe Mangwiro Zimbabwe’s economy continues to grapple with significant challenges as subdued demand across key sectors dampens recovery prospects. According to the latest Business Tendency Survey (BTS) by the Zimbabwe…
- businessweekly
- January 31, 2025
- 172 views
Calls for exchange rate reforms, liquidity adjustments ahead of 2025 MPS
Tapiwanashe Mangwiro AS Zimbabwe approaches the release of its 2025 Monetary Policy Statement (MPS) in February, industry stakeholders have put forward recommendations aimed at refining the country’s monetary framework. The…
- businessweekly
- January 31, 2025
- 117 views
Proplastics optimistic despite economic headwinds
Oliver Kazunga LISTED piping products manufacturer, Proplastics Limited, says it has remained resilient despite the prevailing macro-economic headwinds and the firm’s annual turnover has clocked US$25 million currently from US$14…
- businessweekly
- January 31, 2025
- 108 views
We must now plan for our HIV/Aids spending
Last Word The major impact of the second term of President Donald Trump on Zimbabwe is the uncertainty over United States foreign aid, which in the case of Zimbabwe is…
- businessweekly
- January 31, 2025
- 142 views
Is Triangle going under? What has caused them to retrench
Blessing Nyatanga In another unprecedented turn of events, Triangle, a major sugar company has announced that it will engage in a Three phase retrenchment process as the economy bites. The…