THE local currency, the ZiG, is trading at almost half its implied value, a disparity that Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu says reflects a lingering “confidence gap” the central bank has been working to close over the past two years. Zimbabwe operates a multi-currency system dominated by the US dollar, alongside the…
THE Insurance and Pensions Commission (Ipec) has reviewed its minimum reinsurance standards framework in a move designed to reduce foreign currency outflows and bolster the local insurance industry. The revised framework came into effect in January this year. In a circular to the industry, the regulator said the changes were intended to ensure that a…
THE government says partnerships with the private sector are essential for tertiary institutions to adopt new and emerging technologies, drive innovation, and support Zimbabwe’s broader economic development agenda. Speaking at the Midlands State University (MSU) Alumni Reunion in Gweru on Friday, the minister of Higher and Tertiary Education, Frederick Shava, said such collaborations would help…
MUTAPA Energy Minerals will begin the construction of a lithium concentrator plant at Mberengwa-based Sandawana Mine next month. Speaking to journalists after a tour of Sandawana Mines, a division of Mutapa Energy Minerals, on Wednesday, Mutapa Energy Minerals chief executive Innocent Rukweza said the concentrator plant is expected to be up and running by December…
By Ephraim Chawoneka ENVIRONMENTAL, Social and Governance (ESG) is no longer a global trend limited to large multinational companies. It is becoming a part of how businesses, investors, and institutions…
International Monetary Fund Managing Director Kristalina Georgieva said the war in the Middle East will test global economic resilience and warned that “new shocks in different shapes and sizes” will…
By Bothwell Nyajeka ABOUT 10 years ago, I experienced my first cybersecurity incident. It started with what appeared to be an innocent email sent to our finance department. The message…
ZIMBABWE’S drive to protect its natural heritage received a major boost this week following the announcement of a one million euro grant dedicated to habitat preservation and wildlife protection in…
More than $50 billion has been committed to an ambitious plan to halve the number of people without access to electricity in Africa, according to the World Bank, its biggest…
INDUSTRY says new regulations on business fee cuts will address long-standing cost drivers and administrative bottlenecks within the retail and wholesale sectors. The government promulgated Statutory Instrument (SI) 41 of 2026, effectively dismantling the multi-licence requirement that has long hindered business growth. Under the new regulations, business owners will no longer be required to pay…
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