ONE of the fastest-growing sectors in Zimbabwe is financial technology, which has led to a rise in the applications and tools that improve international remittances, a major source of incoming liquidity to the country. With remittances from overseas surging from US$1 billion in 2020 to US$2 billion in 2022, further innovations can be expected to…
… as viewers and advertisers warmly embrace new station THE widely-celebrated launch a year ago of the country’s first independent television station, 3Ktv, changed Zimbabwe’s hirtherto drab broadcasting sector for…
BINDURA Nickel Corporation (BNC) reported a 44 percent drop in nickel in concentrate for the nine months ended December 31, 2022 owing to lower milled tonnage and grade of mined ore. For the quarter, the amount of nickel in concentrate produced was 80 percent less than during the same period last year. “The company’s performance…
ZIMBABWE’s ongoing oscillations between the United States dollar and ZWL use are normal for a country that is in a de-dollarisation process, an economic expert has said. Economics professor and Africa Economic Development Strategies executive director Gift Mugano told a recent CEO Africa Round Table that Zimbabwe’s de-dollarisation experience was not unique, but common to…
AMALGAMATED Regional Trading (ART) says its taxes for the year ended September 30, 2022 increased by 260,61 percent to $1,62 billion from $449,78 million in the comparative period. Payments included corporate tax, value-added tax (VAT), import duty, pay as you earn (PAYE), withholding tax of 10 percent, withholding tax of directors, aids levy, fines and…
ZIMBABWE expects to ramp up value addition and beneficiation of minerals as well as mining expansion on the back of a US$10 million gold facility. This comes as the government recently established the gold fund with a view to assisting small-scale miners by providing them with the tools of the trade required for their operations.…
THE government says it is working on several initiatives aimed at promoting sustainable mining. This follows an outcry in Zimbabwe over environmentally degrading mining practices in the country. Mines minister Winston Chitando said the country is in the process of implementing responsible mining principles, which will contribute towards sustainable mining as well as achieving carbon…
PLAYERS in the horticulture sector say the country needs to invest in technology for their products to meet global standards.The horticulture industry is undergoing resuscitation, with agriculture experts projecting it as the country’s next big export earner. “I am convinced that Africa is a continent of opportunities. When it comes to fruit and vegetable agriculture,…
ZIMBABWE’S premier business and financial newspaper, The Financial Gazette, will host its annual tax review meeting on March 2 this year, aimed at providing insights and trends on tax compliance and developments in the country. The event is being held in partnership with the Zimbabwe Revenue Authority (Zimra), Zimbabwe Institute of Tax Accountants (ZITA) and…
PLAYERS in the telecommunications sector have been resilient despite foreign currency shortages that have inhibited network quality in the country, the industry’s regulator has said. Gift Machengete, the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) director-general, said the sector is expected to hold on into the foreseeable future, despite the challenges. “We expect the…
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