Business Digest

Lenders, investors face huge losses

The report indicated that the emergence of a parallel market remains a possibility, particularly among the unbanked population.

By Mthandazo Nyoni Apr. 19, 2024

Cottco sets aside US$3,5m for new projects

By Blessed Ndlovu Apr. 19, 2024

Nissan dealership targets to grow sales by 15%

By Tatira Zwinoira Apr. 19, 2024

Mineral exports further deteriorate

The government has set a new US$40 billion by 2030 target for the mining sector. This came as the industry recorded US$20,5 billion in exports over the past five years.

By Melody Chikono Apr. 19, 2024

Telecoms note sharp investment decline

The debentures had been issued to finance Econet's expansion more than six years ago. The debt originally amounted to US$130 million.

By Melody Chikono Apr. 19, 2024

Review of the 2024 Monetary Policy Statement

For instance, the annual inflation rate rose from 34,8% in January 2024 to 47,6% in February and 55,3% in March 2024.

By Prosper Chitambara Apr. 12, 2024

Review of the 2024 Monetary Policy Statement

2024 monetary policy: Review and analysis

In early February 2019, all the RTGS balances comprising bond notes and coins, mobile money, and bank balances were recalibrated into an RTGS dollar.

By Zvikomborero Sibanda Apr. 12, 2024

2024 monetary policy: Review and analysis

MPS, outlook conference resolutions

There is need for more policy measures earmarked at promoting savings and investments in the broader Zimbabwean economy.

By Batanai Matsika Apr. 12, 2024

Zim ripe for investment: China

Chinese ambassador Zhou Ding (ZD) spoke about the vast investment opportunities in Zimbabwe.

By Tinashe Kairiza Apr. 12, 2024

Benefits, concerns of illegal artisanal gold mining in Zim

Illegal artisanal gold mining in Zimbabwe has been a significant source of livelihood for many individuals, offering economic benefits to local communities.

By Gloria Ndoro-mkombachoto Apr. 12, 2024

Benefits, concerns of illegal artisanal gold mining in Zim

Walking the sustainability talk

The sustainability reporting framework came into effect on January 1 2024 and is ushering in a new paradigm for sustainability reporting in Zimbabwe.

By Cynthia Tapera Apr. 12, 2024

Cost to serve analysis: The holy grail of profitability (11)

The total cost to serve distribution expenses should, therefore, be considered before increasing the clock speed of a supply chain.

By Charles Nyika Apr. 12, 2024

Cost to serve analysis: The holy grail of profitability (11)

Zim’s diesel fired industry quakes as oil prices rocket

In the last quarter of 2023, the report noted that crude oil prices were going down, having peaked at about US$92 per barrel in September 2023.

By Mthandazo Nyoni Apr. 12, 2024

Zim’s diesel fired industry quakes as oil prices rocket

Risks associated with the Zim financial sector at the moment

There is also the problem of a compromised new currency, which has been made vulnerable through introducing it too fast, beyond what market participants can comprehend.

By Kevin Tutani Apr. 12, 2024

Risks associated with the Zim financial sector at the moment

Bankers welcome monetary policy measures

In an interview with businessdigest, BAZ president Lawrence Nyazema said the fact that the monetary authorities were maintaining the multi-currency system was a positive move.

By Melody Chikono Apr. 12, 2024

Bankers welcome monetary policy measures

Overcoming smartphone addiction

Social media platforms, gaming apps, and endless streams of online content provide instant gratification, leading individuals into a cycle of dependency.

By Jacob Mutisi Apr. 12, 2024

Pioneering tech company set to host inaugural ICT Summit

The summit will bring together “thought-leading policy makers and captains of industry” in the ICT space.

By Donald Nyandoro Apr. 10, 2024

Pioneering tech company set to host inaugural ICT Summit

Forex Trading Sessions in Tanzania

All traders should implement robust risk management strategies, including setting stop-loss

By Theindependent Apr. 6, 2024

IDBZ sets up climate change financing facility

This comes as the costs of climate action in Zimbabwe are estimated at US$10 billion for adaptation and US$4,8 billion for mitigation, according to the World Bank.

By Tatira Zwinoira Apr. 5, 2024

IDBZ sets up climate change financing facility

Fixed income instruments issuance declines

Although the ZSE trading system is capable of trading debt instruments, listing of government bonds had also been derailed due so some policy issues that needed redress.

By Melody Chikono  Apr. 5, 2024

Fixed income instruments issuance declines

Old Mutual ploughs US$26m into alternative investments

This was disclosed by the group’s chief executive officer Samuel Matsekete in his statement accompanying the firm's financial results for the year ended December 31, 2023.

By Mthandazo Nyoni Apr. 5, 2024

Old Mutual ploughs US$26m into alternative investments

Terrace Africa portfolio to breach US$50m mark

Plans on implanting smart technology on its properties and to improve environmental, social and governance (ESG) standards in the long run, are in the pipeline.

By Tafadzwa Mhlanga and Belinda Chiroodza Apr. 5, 2024

Terrace Africa portfolio to breach US$50m mark

Banks maintain cautious optimism

Despite the local and global economic uncertainties, AFC Holdings said the outlook remained positive.

By Melody Chikono  Apr. 5, 2024

Ecocash seeks shareholder approval to dispose of fintech businesses

Ecocash wants to sell off its fintech businesses back to Econet

By Donald Nyandoro Apr. 2, 2024

Ecocash seeks shareholder approval to dispose of fintech businesses

Address currency depreciation: CZI

In July 2022, the Reserve Bank of Zimbabwe (RBZ) introduced physical gold coins as an alternative store of value to the United States (US) dollar in the economy.

By Mthandazo Nyoni Mar. 28, 2024