The deputy minister also highlighted the role of remittances in poverty alleviation and economic development.
Business Digest
By Mthandazo Nyoni
Mar. 21, 2025
Makomo had been under corporate rescue since 2021, after being overwhelmed by creditor demands amounting to millions of United States dollars.
Business Digest
By Staff Writer
Mar. 21, 2025
RECs are tradable, non-tangible certificates that represent the environmental attributes of one megawatt-hour (MWh) of renewable electricity generated and fed into the grid.
Business Digest
By Blessed Ndlovu
Mar. 21, 2025
In its financial results for the year ended December 31, 2024, OML stated that the RBZ was still enforcing limitations on transferring funds out of Zimbabwe.
Business Digest
By Tatira Zwinoira
Mar. 21, 2025
Emeritus managing director, Tarupiwa Tarupiwa told businessdigest that the firm remained optimistic despite the economic uncertainties.
Business Digest
By Mthandazo Nyoni
Mar. 21, 2025
This translates to nearly US$21 million in monthly losses, highlighting the growing threat of financial crime within Zimbabwean businesses.
Business Digest
By Lee Musaidzi
Mar. 21, 2025
In last week’s column, we explored how partnerships can unlock business potential in key sectors such as agriculture, mining, manufacturing, and innovation.
Business Digest
By Antony Jongwe
Mar. 21, 2025
Globally, women hold just 26,7% of parliamentary seats, 35,5% of local government seats and only 28,2% of management positions in the workplace.
Business Digest
By Jessie Mhaka
Mar. 21, 2025
Human oversight is one of the key ingredients that will ensure that the law can mitigate risks and prevent AI-related harm.
Business Digest
By Evans Sagomba
Mar. 21, 2025
Zida chief executive officer Tafadzwa Chinamo (TC)
Business Digest
By Lee Musaidzi
Mar. 21, 2025
Today’s customers will always demand a continuous cycle of new products and services. The increased demand for novel products from customers has recently reached fever pitch.
Business Digest
By Charles Nyika
Mar. 21, 2025
Salary hikes that are not aligned with revenue growth create financial instability, forcing companies into difficult cost-cutting measures later.
Business Digest
By Memory Nguwi
Mar. 21, 2025
Waste management in Zimbabwe faces numerous challenges.
Business Digest
By Kevin Tutani
Mar. 21, 2025
Binha argued that the government’s de-dollarisation strategy was exacerbating these problems, rather than addressing them.
Business Digest
By Tafadzwa Mhlanga
Mar. 14, 2025
In December 2023, the company announced a gas discovery, and by the third quarter of 2024, it had potentially identified an estimated 184 million barrels of oil.
Business Digest
By Tatira Zwinoira
Mar. 14, 2025
Established under the Deposit Protection Corporation Act, DPC serves as a safety net for depositors, compensating them in the event of a financial institution’s insolvency.
Business Digest
By Blessed Ndlovu
Mar. 14, 2025
However, Chinamo did not reveal the value of these projects.
Business Digest
By Lee Musaidzi
Mar. 14, 2025
Political uncertainty has also emerged as a major concern for businesses, with over 60% of respondents identifying it as a key factor affecting confidence.
Business Digest
By Freeman Makopa
Mar. 14, 2025
Eagle Canyon director Lionel Mhlanga told Zimbabwe Independent that the process for land allocation was still ongoing.
Business Digest
By Freeman Makopa
Mar. 7, 2025
The proposal is part of the association’s broader recommendations on the formalisation of the informal sector.
Business Digest
By Ashton Ndakusiya
Mar. 7, 2025
ElB is the lending institution of the EU, owned by its member states.
Business Digest
By Staff Writer
Mar. 7, 2025
Since then, the bank has steadily grown, providing corporate, retail, and digital banking services nationwide.
Business Digest
By Staff Writer
Mar. 7, 2025
Mining companies, already grappling with power shortages and capital constraints, face tight liquidity, which could affect their ability to maintain essential insurance cover.
Business Digest
By Ashton Ndakusiya
Mar. 7, 2025
ASL has been offloading non-core assets as part of its restructuring efforts.
Business Digest
By Tafadzwa Mhlanga
Mar. 7, 2025
She said with sufficient support and a stable economic environment, the association believed the industry could reach a potential value of ZiG50 billion
Business Digest
By Lee Musaidzi
Mar. 7, 2025
1 000 tonnes of lithium per day, with plans to double output following a US$40 million investment.
Business Digest
By Lee Musaidzi
Mar. 7, 2025
Upon completing an application, the applicable premium is immediately calculated, the client can process payment
Business Digest
By Tatira Zwinoira
Feb. 28, 2025
It will offer a unique opportunity for networking, knowledge-sharing, and charting a new course for Zimbabwe’s insurance industry, according to the IIZ.
Business Digest
By Staff Writer
Feb. 28, 2025
While they suffered losses on the bourse, their total assets painted a different story.
Business Digest
By Tatira Zwinoira
Feb. 28, 2025
On The Money is Old Mutual Zimbabwe’s flagship financial education initiative designed to teach Zimbabweans how to manage their finances effectively.
Business Digest
By Staff Writer
Feb. 28, 2025
She added that Axcentium’s desire to serve the Zimbabwean market in its entirety was what brought about the rebrand.
Business Digest
By Lee Musaidzi
Feb. 28, 2025
Ndoro said the company was targeting a 100% increase in export volume this year.
Business Digest
By Tafadzwa Mhlanga
Feb. 28, 2025
While the move was intended to promote the use of locally-produced ethanol, its pricing has sparked widespread criticism.
Business Digest
By Blessed Ndlovu
Feb. 28, 2025
“We are currently in a legal process to force them to honour their commitment to the reconstruction of the building.”
Business Digest
By Blessed Ndlovu
Feb. 28, 2025
The report by financial services firm FBC Securities (Private) Limited found that the local bourse lacked fundamentals.
Business Digest
By Tatira Zwinoira
Feb. 21, 2025
The firm recently achieved a significant milestone after being admitted as a trading member of the Zimbabwe Stock Exchange (ZSE).
Business Digest
By Lee Musaidzi
Feb. 21, 2025
ACZ is investing heavily in non-aviation related businesses, such as retail, hospitality, and property development.
Business Digest
By Freeman Makopa
Feb. 21, 2025
Afreximbank has successfully completed similar projects across Africa.
Business Digest
By Gamuchirai Nyamuziwa
Feb. 21, 2025
Namib controls the three mines through its local subsidiary, Bulawayo Mining Company Limited.
Business Digest
By Tatira Zwinoira
Feb. 21, 2025
These closures are attributed to a combination of factors, including excessive taxation and power outages.
Business Digest
By Tatira Zwinoira
Feb. 21, 2025
At the heart of this policy is a commitment to fostering price and currency stability while ensuring a sustainable financial sector.
Business Digest
By Equity Axis
Feb. 14, 2025
Kavango operates three gold mining projects in Zimbabwe, which are Nara Gold, Leopard, and Hillside.
Business Digest
By Tafadzwa Mhlanga
Feb. 14, 2025
The effect will be severe as the Reserve Bank of Zimbabwe takes 30% of the export proceeds from exporters.
Business Digest
By Ashton Ndakusiya
Feb. 14, 2025
Tsarwe noted that another critical issue facing tobacco growers was the challenge of receiving timely payments for their sales.
Business Digest
By Lee Musaidzi
Feb. 14, 2025
He said the firm was trying to venture into value addition.
Business Digest
By Blessed Ndlovu
Feb. 14, 2025
To counter these pressures, the organisation stressed the need for complementary measures to support the formalisation of the economy.
Business Digest
By Mthandazo Nyoni
Feb. 14, 2025
He said this had seen the firm enter the breakfast cereal, pasta, and biscuit making categories.
Business Digest
By Tatira Zwinoira
Feb. 14, 2025
At the time, Africa attracted a mere US$47 billion in foreign direct investment (FDI), hindered by perceived and actual risks.
Business Digest
By Mthandazo Nyoni
Feb. 11, 2025
Locally, Tongaat operates through its wholly owned Triangle Sugar operation and a 50,3% shareholding in the agriculture and agro-processing firm, HVEL.
Business Digest
By Business Reporter
Feb. 7, 2025
By aligning market realities, performance metrics, and strategic priorities, HR leaders can craft compensation policies that drive sustainable success.
Business Digest
By Memory Nguwi
Feb. 7, 2025