Industrialisation agenda: Government optimistic

THE government says it is optimistic that Zimbabwe’s industrialisation agenda will gather momentum by year-end, buoyed by ongoing reforms aimed at relaxing the ease of doing business and creating a more supportive regulatory environment. Speaking during the Zimbabwe Industrial development Policy (ZNIDP)2 parliamentary committee workshop last Friday, the minister of industry Mangaliso Ndlovu said that…

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‘Minerals can transform our energy sector’

THE government says foreign investors should take advantage of the country’s unprecedented mining renaissance in order to transform the energy sector and help the country to end power outages. This comes as the authorities are currently courting foreign investors across the globe to invest especially in renewable energy. Speaking during the 2025 Africa Down Under…

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ZETDC switches off Kariba over debt

WATER supplies in Kariba are under immediate threat after the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) disconnected electricity to all municipal water stations. The action was taken due to an unpaid debt of ZiG24 million. The Municipality of Kariba announced the power cut yesterday, warning that it would directly impact the city’s water pumping…

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NMBZ accelerates AI integration

NMB Zimbabwe Holdings (NMBZ) is making significant strides in applying artificial intelligence (AI) to streamline operations, enhance customer interactions and improve product offerings while guarding against rising cyber threats. AI is changing banking trends across the world and is already being widely embraced in Zimbabwe. The diversified financial institution has been actively integrating AI-driven solutions…

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Chanakira to host world-renowned author

RENOWNED entrepreneur and founder of the Making Money Makes Sense series, Nigel Chanakira, will tomorrow host internationally- acclaimed author Robert Kiyosaki in Harare for a high-profile financial literacy event. The gathering, set for Celebration Centre, will see the celebrated author of the best-selling book Rich Dad, Poor Dad — which has sold over 30 million…

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Evolving role, liability of the public officer

IN terms of the Income Tax Act, every company opearating in Zimbabwe is required to appoint a public officer who is ordinarily resident in Zimbabwe, within one month of its establishment or the incumbent leaving the office. The Commissioner can designate any director, secretary or company officer as public officer where a formal appointment has…

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CBZ optimistic on US$50m bond issue

CBZ Holdings (CBZ) is optimistic about raising US$50 million from its planned bond issue later this year targeting international funders.The country’s largest bank by assets and deposits plans to channel funds from the capital raise towards financing various sectors of the economy amid a liquidity squeeze in the domestic economy.The bank’s previous bond issue of…

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