Firms must prioritise energy strategy to thrive, says expert
According to the Zimbabwe Investment and Development Agency, the total installed capacity for generation of electricity from all sources is 2 600 megawatts (MW).
By Mthandazo Nyoni
12h ago
High interest rates choke microfinance sector
This decision aims to foster price and exchange rate stability in the economy.
By Lee Musaidzi
14h ago
Economic stakeholders bemoan liquidity crisis
The annual survey, held under the theme “Weaving Through a Dynamic Liquidity Terrain”, was sponsored by First Capital Bank Zimbabwe.
By Tafadzwa Mhlanga
14h ago
Global struggle against money laundering, terrorism financing
This is because the international community has witnessed the use of increasingly sophisticated methods to move illicit funds through financial systems across the globe.
By Tatira Zwinoira
Dec. 6, 2024
Consumers demand PDL linked tax as costs rocket
Daily power cuts, eroding wages, shrinking disposable incomes due to inflation, rising prices, and unemployment continue to affect consumers.
PPC focuses on cost optimisation
To promote sustainability, the company is investigating new approaches involving using alternative materials and production methods to manufacture cement.
By Lee Musaidzi
Dec. 6, 2024
Securities body mulls moving to ‘punitive’ civil fines regime... as Zim stock markets slide
This was partially caused by a perfect storm of undervalued stocks and stagnant price adjustments, according to leading securities firms.
By Mthandazo Nyoni
Dec. 6, 2024
Securities body mulls moving to ‘punitive’ civil fines regime
The organisation's chief executive officer Anymore Taruvinga told businessdigest in an interview that current criminal penalties were not dissuasive enough.
By Blessed Ndlovu
Dec. 6, 2024
Dairibord invests US$2m in Chipinge solar plant
These initiatives respond to escalating power outages estimated to be consuming 60% of production time.
By Tafadzwa Mhlanga
Dec. 6, 2024
Pensions industry income dips 49%
Zimbabwe’s hyperinflation of 2008 to 2009 eroded the value of most savings, including pension savings.
By Gamuchirai Nyamuziwa
Nov. 29, 2024
Local drug makers bemoan funding gaps
Public hospitals have battled serious drug shortages, triggering an eruption of corruption, along with a dangerous black market.
By Ashton Ndakusiya
Nov. 29, 2024
AfDB throws lifeline to Zim private sector
About US$13 billion of this amount is owed to foreign creditors.
By Melody Chikono and Tafadzwa Mhlanga
Nov. 29, 2024
Chinese multinationals pour US$1,5bn into lithium sector
The Chinese diplomat was optimistic about the future, noting how the private sector’s investments were contributing to Zimbabwe's economic development.
By Lee Musaidzi
Nov. 29, 2024
Tourism feels the heat as ZiG falters
The central bank devalued ZiG by 43% on September 27, after it struggled to hold ground against major currencies, five months after introduction in April.
By Julia Ndlela
Nov. 29, 2024
Cigarette company invests US$15m in new machinery
The company intended to produce a target of 20 000 crates of cigarettes every month.
By Gamuchirai Nyamuziwa
Nov. 29, 2024
Power deficit to persist: Ncube
During 2025, power generation is projected to increase by 10,6%, reaching 10 000 gigawatts (GW) against projected demand of 19 000GW.
By Mthandazo Nyoni
Nov. 29, 2024
Zim remittances up 16,5%
Mineral exports, which account for the largest share of merchandise exports, grew by 0,8%, to US$4,2 billion in 2024.
By Mthandazo Nyoni
Nov. 29, 2024
Zim CEO lands top global recognition
Time Magazine described finance as the climate story of 2024.
By Gamuchirai Nyamuziwa
Nov. 22, 2024
NBS courts pension funds for liquidity
He said clients got support from the society through conventional mortgages and rent-to-buy arrangements for formal and informal sector workers, respectively.
By Blessed Ndlovu
Nov. 22, 2024
Terrace Africa invests over US$70m in Zim projects
The company is focused on convenience retail property development projects and operates in Mozambique, Zambia and South Africa, apart from Zimbabwe.
By Melody Chikono
Nov. 22, 2024
Full list of Capital Markets Awards nominees
This award recognises a listed company that has demonstrated exceptional performance and growth prospects.
By The Zimbabwe Independent
Nov. 22, 2024
‘Illegal dealers enticing lawyers to facilitate illicit financial flows’
The lawyer emphasised the importance of ensuring compliance with exchange control regulations and tax obligations.
By Tafadzwa Mhlanga
Nov. 22, 2024
Grid Africa, Zim mines strike 200MW solar deal
According to Moyo, securing bankable partners has been a significant challenge in finalising deals in Africa.
By Mthandazo Nyoni
Nov. 22, 2024
Turk Mine doubles down on solar power
Mujuru said the initial project was an investment of US$2,1 million with the mine evaluating the cost of adding the 1,5MW.
By Tafadzwa Mhlanga
Nov. 15, 2024
Zim’s retail giants on life support bankruptcies expose scale of damage inflicted by informal sector
OK is Zimbabwe’s biggest retail chain, with a countrywide network of about 60 branches.
By Melody Chikono and Mthandazo Nyoni
Nov. 15, 2024
Shocking racial scare hits Ariston
The operations of the tea growing units are fully integrated with the Blended Tea Factory for value addition.
By Julia Ndlela
Nov. 15, 2024
Bloodbath looms in Zim companies
CZR’s views were also shared by the banking sector.
By Freeman Makopa and Melody Chikono
Nov. 15, 2024
Science behind 360-degree assessments and feedback
360-Degree Feedback assumes that feedback from multiple sources provides a holistic view of an employee’s performance.
By Memory Nguwi
Nov. 8, 2024
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