THE Competition and Tariff Commission (CTC) handled a slightly lower number of mergers and acquisitions in 2024, approving 13 transactions with a total consideration of over US$164,9 million.Of the 23 local mergers handled by the Commission, 13 were concluded in the year. Nine of these were approved unconditionally, three were approved with conditions and one…
EMPOWER Bank is betting on new customer acquisitions across the retail and SME banking segments to boost deposits and ultimately grow its balance sheet.The youth-focused micro-bank opened 5 633 accounts during the first half of the year and disbursed 122 loans.“We will focus on growing our customer base through acquisition of new customers as well…
THE inaugural State of the Micro, Small and Medium Enterprises (MSMEs) in Zimbabwe Survey Report and Awards ceremony is scheduled to take place next month in Harare, organisers have announced.The initiative — a collaboration between The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — and the…
THE Deposit Protection Corporation (DPC) has urged individuals and businesses to use formal banking channels rather than stashing large sums of money at home or business premises to avert armed robberies. DPC, an independent statutory body established under the DPC Act to administer Zimbabwe’s Deposit Protection Scheme, said police reports show a worrying trend of…
BY GODFREY NYONI IN Zimbabwe, farming is more than just a way to grow food ― it is the backbone of families, communities, and the nation’s economy. But to farm well, a farmer must first understand the land. Knowing the exact size of a field, the areas with rich soil, the parts that flood after…
THE Reserve Bank of Zimbabwe (RBZ) is urging banks to work together on digital finance solutions to make transactions easier and cheaper for customers.This comes as the financial sector is continuing to invest in new technologies to encourage electronic payments and reduce reliance on cash. Speaking at a Digital Connect Symposium in Nyanga last week,…
ZIMBABWE is bracing for a delayed and unpredictable 2025-2026 rainfall season, with northern provinces likely to experience early dry spells while southern and western regions could see normal to above-normal rains at the start of the season. Addressing a post-Cabinet media briefing in Harare yesterday, Information minister Jenfan Muswere advised farmers and communities to delay…
ZIMBABWE’s maize prices are currently about 50 percent lower than last year, a direct result of an above-average harvest and low market demand, according to the Famine Early Warning Systems Network (FEWS NET).The country received normal to above-normal rainfall during the 2024-25 rainy season, leading to improved crop yields and better household food access nationwide.“According…
Microsoft’s Azure cloud services have been disrupted by undersea cable cuts in the Red Sea, the US tech giant says. Users of Azure – one of the world’s leading cloud…
South Africa’s persistently low growth rate is increasingly being treated as the new normal, while the country struggles with a vacuum in political leadership and weak investor confidence. This concern…
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