THE Reserve Bank of Zimbabwe’s recent articulation of a long-term transition to a mono-currency system by 2030 offers a commendable and much-needed vision.The strategy, which is described as ‘market-driven’ and supported by ‘targeted policy interventions,’ correctly recognises that the ZiG’s success hinges on public confidence and widespread acceptance. This is a welcome, albeit overdue, shift…
POSB recorded a net profit of ZiG187,4 million during the six months to June 30, 2025 driven by fees and commissions as well as lending income.Fees and commissions reached ZiG525,2 million from ZiG168,7 million comparable period prior year. Net interest income also grew to ZiG191 million from ZiG60 million previous year, reflecting the group’s commitment…
BY PROF NORMAN NYAZEMA ON AUGUST 25, 2025, Zimbabwe’s leading weekly business newspaper, the Financial Gazette, Fingaz, carried an article stating that PPC, the cement company, had an untapped potential in the construction industry.The company had reported in its 2025 annual report that consumption of cement per capita stood at 99 kilograms, significantly lower than…
ZB Financial Holdings has expanded its insurance services into Tanzania, marking a major milestone to its regional expansion plans.This comes after the group recently concluded investment in P&C Reinsurance (Botswana).ZB’s regional focus in insurance aims to grow its footprint and diversify revenue streams outside banking.“The group continues to scout for investment opportunities in the region…
THE government says the revitalisation of the engineering, iron and steel industry will drive industrialisation and pave the way for Zimbabwe to attain its desired middle-income society status by 2030.This follows the recent commissioning of the Dinson Iron and Steel Company, which has been hailed as a significant milestone in the country’s industrial revival.“The industry…
ZIMBABWE’S government has opened the country’s first rebranded Digital Centre in Tshelanyemba, Matabeleland South, describing it as a milestone in connecting rural communities to the digital economy.Information Communication Technology, Postal and Courier Services Minister Tatenda Mavetera said the launch signaled a shift from community information hubs to fully-fledged digital empowerment centres that would anchor growth…
Google will not have to sell its Chrome web browser but must share information with competitors, a US federal judge has ordered. The remedies decided by District Judge Amit Mehta…
Alphabet’s Google will be required to share online search data with rivals while avoiding harsher penalties, including the forced sale of its Chrome business, a judge ruled in the biggest…
Global companies are set to significantly expand or set up operations in South Africa by the end of the decade to access its talent pool. The offshoring industry is expected…
South African business sentiment fell to the lowest level in a year, as firms began navigating a new era of US tariffs that kicked in last month. A quarterly business…
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