No reforms, no SMP – IMF

THE International Monetary Fund (IMF)’s answer to Zimbabwe’s latest request for a Staff Monitored Programme (SMP) was loud and clear- reforms first.While the Zimbabwean government has been willing to pursue some of the economic and governance reforms, one major hurdle has been its realisation that in doing so, there are tradeoffs to be made.It is…

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‘Midterm checkup must stir up firms’

THE upcoming mid-term budget review should go all out to foster the country’s economic stability and to address all the key issues that are stifling companies, business leaders said this week.Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — they exhorted authorities to fortify…

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Zim airports traffic grows by 5 percent

ZIMBABWEAN airports saw a five percent increase in passenger traffic during the first four months of 2025.Robert Gabriel Mugabe (RGM) International Airport led this growth, handling 486 611 passenger movements, up from 459 908 in 2024.This data indicates a strong recovery and expansion within the aviation sector, likely driven by increased international connections, economic activity,…

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Cash economy worries Zimra

THE Zimbabwe Revenue Authority (Zimra) is facing significant challenges in enforcing tax rules due to the prevailing cash-dominated economy.Many transactions in a cash-based economy occur outside the formal banking system. This makes it challenging for Zimra to monitor income and sales, particularly for businesses operating in the informal sector.Zimra’s Commissioner General, Regina Chinamasa, highlighted these…

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IPEC touts new capital requirements

THE Insurance and Pensions Commission (IPEC) says the new regulatory capital requirements for the insurance industry will strengthen financial soundness, resilience, and ability to protect policyholders.The amendments, aimed at streamlining licensing and compliance processes, were issued in an extraordinary Government Gazette this week in line with currency changes.The old regulations issued under S.I. 59 of…

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In AI age, strategy comes before technology

By Ephias Ruhode I HAVE engaged extensively with the concept of technological determinism in my scholarly work, a longstanding and often contested theory that continues to provoke debate across academic disciplines. At its core, technological determinism is the theory that suggests that technological innovations are the primary agents of change in society, shaping everything from…

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Financial reporting challenges persist

ZIMBABWE’S financial reporting landscape continues to be complex for listed companies, marked by persistent challenges stemming from the country’s constantly evolving currency environment.The 2024 financial reporting season revealed a mixed performance, with 14 firms on the Zimbabwe Stock Exchange (ZSE) and the Victoria Falls Stock Exchange (VFEX) receiving qualified audit opinions, while five others were…

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ZMX platform expands tradeable commodities

THE Zimbabwe Mercantile Exchange (ZMX) has onboarded cotton lint and horticultural products for trading on its digital platform as it pursues broader commodity spread and inclusive value chain participation.ZMX is a digital agricultural commodities trading platform operated by the Financial Securities Exchange (Finsec) through an electronic warehouse receipt system.The warehouse receipt system allows farmers and…

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