ZIMBABWE can ramp up its tobacco production significantly and achieve the country’s aim of building a US$5 billion industry by 2025, key stakeholders say. However, and to realise this goal, farmers want a number of challenges that they are facing to be dealt with urgently — including financing, as well as better prices and payment…
Open Forum with Takemore Mazuruse
AFTER over a decade of regrettable economic melt-down and a widely condemned political environment coupled with violence, intimidation and harassment of opposition political and other human rights activists, the Government of National Unity (GNU), born out of the Global Political Agreement (GPA), has brought some sense of relief.
CBZ Holdings (CBZ) says it is developing products to encourage investment in renewable energy to mitigate the effects of climate change. Losses from weather-related incidents and natural disasters have increased globally, which influences the insurance industry, the economy, and inflation dynamics. Speaking to The Financial Gazette recently, CBZ group chief executive Blessing Mudavanhu said it…
A LOCAL research firm, Akribos, says high lending costs continue to inhibit growth, with most businesses now avoiding borrowing. The Reserve Bank of Zimbabwe set interest rates at 200 percent last year, before lowering them to 150 percent this year, to manage money supply and curb speculative borrowing. “Despite a reduction in the bank policy…
THE Zimbabwe Revenue Authority (Zimra) has urged taxpayers to continue lobbying for a preferred tax environment to improve the country’s business environment.
NATIONAL Building Society (NBS) has completed its US$6,4 million Tynwald Cluster Homes project in partnership with Naldline Trading. For the Tynwald project, NBS contributed funding for the construction of units while the partner contributed the serviced land. The project will deliver 120 cluster units comprising two and three-bedroomed models to shell structures, which are to…
NEDBANK Group (Nedbank) says it regrets the pressure consumers have had to bear from rising interest rates, but its financial position is better for it. The Reserve Bank of Zimbabwe capped key interest rates at 200 percent last year before cutting them to 150 percent, adding that it will maintain a tight liquidity stance despite…
TANGANDA Tea Company (Tanganda) says it is targeting increased production at its estates to grow earnings. In a recent interview with The Financial Gazette, Timothy Fennell, Tanganda’s chief executive, said the increased productivity will keep up with the growing worldwide demand for its crops. “Currently we are exporting in the region of 4 000 tonnes…
INVESTMENT expert, Lionel Marumahoko will feature at the country’s leading business publication, The Financial Gazette, executive dialogue breakfast meeting to be held at the end of this month in Harare.
AMALGAMATED Regional Trading Holdings (Art) says it is currently working with several partners to establish off-grid power support in light of ongoing power challenges. Zimbabwe is currently experiencing acute power shortages, with daily outages of up to 18 hours. The crisis has seen companies turning to costly diesel generators, sharply pushing up operational costs. “On…
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