THE International Monetary Fund (IMF) has recommended that Zimbabwe move away from the export surrender requirements, advocating for a significant overhaul of the country’s foreign exchange management and monetary policy.The recommendation follows a recent mission by the Bretton Woods institution to assess Zimbabwe’s economic landscape.A key focus of the IMF’s recommendations is to improve the…
IN a world where glass ceilings still loom large, one lady, Mrs Tatiana Ellis, has not only shattered them – but she has also built entire skylines beyond them. She…
WARWICKSHIRE Private Limited (Warwickshire) is set to construct hotels and lodges near Lake Chivero, setting its sights on entering Zimbabwe’s leisure and tourism industry. The developments will form part of…
PADENGA Holdings (Padenga) says it will save approximately US$750 000 per year in energy costs from the installation of a solar power facility at its Pickstone Peerless Mine.This comes as Padenga is adopting renewable energy sources, mainly solar, and implementing energy-efficient technologies to reduce its carbon footprint and operating costs.Due to persistent electricity cuts nationwide,…
ZSE Holdings is set to list on the ZSE main board on July 9, 2025 by way of introduction after securing all approvals.The group, which wholly owns the ZSE and VFEX trading platforms, completed a scheme of reconstruction which enabled the transfer and assumption of shareholding from both bourses as they operate under separate licences.“The…
LABOUR minister Edgar Moyo, has appointed a new board at the National Social Security Authority (NSSA) following the “expiration of the previous directors’ tenure”.The new board includes Christopher Dube, the Town Clerk of the City of Bulawayo, as board chairman; Innocent Chinyama, the chief executive at Zimnat Asset Management Company; Florence Taruvinga, the president of…
AMALGAMATED Regional Trading (ART) says it will continue with the review and disposal of non-core assets in the second half of the year as part of a major capital raise for the planned retooling program.The paper, stationery and battery maker wants to streamline its portfolio and sharpen focus on selected strategic business areas with the…
AFRICAN Sun is eyeing a return to profitability this year after capitulating to a US$0,69 million loss in 2024, buoyed by an anticipated recovery in hotel occupancy and prudent cost cuttings.The loss last year was due to one-off costs and currency-related losses tied to the devaluation of the Zimbabwe Gold currency (ZiG), which depreciated sharply…
THE Deposit Protection Corporation (DPC) says it is looking at investment opportunities in regional markets in an effort to grow its fund and ultimately increase cover limits.The DPC is a free deposit insurer, designed to repay depositors in the event of a bank failure. Money to cover these deposits comes from premiums paid by all…
ZIMBABWEAN businesses must embrace Artificial Intelligence (AI) to create tailored customer experiences, the Customer Experience Association of Zimbabwe (CXAZ) has said.This comes as widespread mobile usage and mobile money adoption are reshaping market dynamics, making AI a critical tool.CXAZ vice-chairman, Tendai Mutseyekwa, highlighted AI’s vital role in an interview with this publication.“AI could assist businesses…
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