THE Agricultural Marketing Authority (AMA) is advocating for a price stabilisation fund to shield cotton farmers from unpredictable market swings.Despite increased cotton production, global demand has not kept pace, creating a supply-demand imbalance. For the 2024-25 season, the textile industry’s projected demand stands at 116 million bales, falling short of the 120 million bales expected…
ZIMBABWE’S mining sector, a vital pillar of the economy, is currently battling a crippling energy crisis that threatens its very foundation.The recent standoff between the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and miners, as highlighted in our page 5 story, is a damning indictment of the nation’s failing energy infrastructure and a clear call…
DELTA Corporation’s recent acquisition of a controlling stake in Schweppes Holdings Africa is set to push the beverage giant’s annual revenue beyond the US$900 million mark in the current financial year, according to market experts.Last month, Delta increased its shareholding in Schweppes to 69 percent, up from the 49 percent it acquired in 2009. A…
LOCAL financial institutions should prioritise lending to productive sectors of the economy to increase output and stimulate exports to boost foreign currency reserves, trade experts have said. This came out at the POSB Exports Seminar on Friday, where stakeholders in the export sector applauded the State-owned financial institution’s commitment to supporting productivity but called for…
ZB Financial Holdings (ZB) has launched international cards and payment services, expanding its existing payment offerings beyond its current VISA products. The launch, in partnership with Mastercard, gives ZB clients wider acceptance, enhanced flexibility, and access to exclusive Mastercard benefits, including global discounts and travel perks. ZB clients can now enjoy wider acceptance and enhanced…
ZIMBABWE has formally requested South Africa’s assistance in mobilising international support to navigate a potential debt restructuring under the G20 Common Framework.Finance minister Mthuli Ncube said the government has started preliminary engagements with key creditors, signalling a determined push for a comprehensive debt treatment plan.“…we have…assessed possible support for G20 Common Framework debt treatment. An…
THE Zimbabwe Energy Regulatory Authority (ZERA) has raised concerns about an increase in fuel contamination cases, particularly involving smuggled methanol and illegal ethanol blending.The industry regulator also highlighted seasonal challenges in ethanol supply, which have led to temporary adjustments in the country’s fuel blending policy.ZERA chief executive, Edington Mazambani, told The Financial Gazette this is…
“Relationships don’t remain constant, but are in a constant state of evolving, either positively or negatively”. – Steven Redhead I WAS stunned recently when a client introduced me to what…
…TRIS is the first FIAT three-wheeled electric vehicle for sustainable B2B last mile delivery EXCITING news for Stellanttis Middle East & Africa! FIAT continues its journey toward sustainable mobility with…
THE significant potential of Zimbabwe’s key mining sector is being hampered by continuing power issues, high operating costs, limited access to capital and suboptimal government policies.So noted industry leaders during last week’s well-attended annual conference of the Chamber of Mines of Zimbabwe (CoMZ) in Victoria Falls, amid surging gold prices — which the country is…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More