The ZiG has also been falling rapidly in recent weeks on the official market and last week it was pegged at 13.95.

A capital fund is a pool of financial resources set aside for specific purposes, usually for long-term investments, acquisitions, or infrastructure projects.

The drop is from a profit after tax of US$25,14 million earned in the comparative 2023 period.

Prior the VFEX listing, the firm will allot 84 615 385 Class A preferred shares to the placement agent to unlock capital for the Class A portfolio as and when required.

Finance minister Mthuli Ncube allocated ZiG4.3 trillion to the Ministry of Lands, Agriculture, Fisheries, Water, and Rural Development, which is about 5% of the total budget.

Ncube said in 2025 the economic growth would be accelerated by improved electricity generation and the recovery of the agriculture sector.

The initiative is part of the city's broader ambition to transform Harare into a world-class city this year.

Khumbula also noted the impact on guest satisfaction.

This drop in trading profit is from a 2023 comparison.

In the past tobacco farmers have faced many challenges such as delayed payments, price volatility and illicit trading.

The organisation has since made several suggestions on how the authorities should implement policies that could encourage compliance rather than tax evasion.

As the world’s third-largest platinum producer, Zimbabwe plays a crucial role in the global supply of the mineral.

ICZ recently launched the call centre service that can be accessed through the 591 toll-free number from any mobile phone network countrywide.