IN the ideal world of corporate governance, the distinction between the role of the board of directors and that of management should be unmistakably clear. Boards are expected to govern — set strategy, oversee performance, manage risk, and ensure accountability — while management is expected to execute — run the organisation, make operational decisions, and…
BRITISH American Tobacco Zimbabwe (BAT) has announced a refined sustainability strategy to guide its operations to a ‘smokeless’ future.Tobacco companies are facing increasing pressure regarding sustainability, driven by concerns about the environmental and social impacts of their operations.According to the group, its refined strategy is underpinned by five impact areas, namely, tobacco harm reduction, climate,…
MASIMBA Holdings (Masimba) recorded double digit decreases in fuel consumption year-on-year in 2024 as streamlining of operations and procurement of more efficient equipment paid off.The group’s business entails operating mobile road construction and earthmoving machinery, which makes it a heavy consumer of diesel and petrol.Currently it’s seized with massive road construction projects nationwide which are…
FIRST Mutual Holdings (FMHL) is planning on growing insurance revenue contribution from its regional units to boost overall group earnings.FMHL has operations in Botswana, Mozambique and Zimbabwe.“The group’s solid financial position, diversified revenue streams as well as the focus on growing the contribution of regional assets is expected to contribute towards sustainable growth and value…
CBZ Bank was named the best financial institution of the year at the Pan African Business and Development Awards ceremony hosted in Abuja, Nigeria this week.This category recognises excellence by financial institutions in the Tier II Capital Segment across the continent.The award is for financial institutions whose strength, innovation and commitment have advanced Afreximbank’s mission…
KAVANGO Resources has exercised its option to acquire 100 percent of the Nara Gold Project in Zimbabwe, strengthening its presence in the Filabusi Greenstone Belt.The move is supported by a US$5 million equity subscription commitment from Purebond Limited at GBP0,01 per share.Funds will support the acquisition and project development as Kavango prepares for its upcoming…
ZIMBABWE’s diamond production declined by 45 percent in the first quarter of 2025, falling to 0,78 million carats from 1,41 million carats in the same period last year, latest Reserve Bank of Zimbabwe statistics show.This slump, according to analysts, stems from a combination of factors, including frequent power outages, a depressed international market and the…
By Bothwell P Nyajeka EVER wondered what happens in the boardroom? Why do we have the boardroom in the first place? Who enters the boardroom? Why is it called the boardroom, why not just a meeting room? Who are board members? Who are these people called board members? Are they normal human beings? How do…
ACROSS Africa, a quiet revolution is unfolding — born not of deliberate strategy but of desperation, dismissal, and displacement. From Harare to Lagos, Johannesburg to Nairobi, millions of entrepreneurs did not choose business; business chose them. They are the accidental entrepreneurs — ordinary men and women forced into enterprise by retrenchment, job scarcity, or sheer…
EFFORTS to integrate rural areas into the mainstream economy have intensified with the establishment of 14 rural industries designed to drive inclusive and sustainable growth.Speaking at the Zimbabwe National Chamber of Commerce’s (ZNCC) annual congress in Victoria Falls last week, the acting Minister of Industry and Commerce, Frederick Shava, stated that the government’s rural industrialisation…
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