By Jackson T Mashinge IN an era where data reigns supreme, the evolution of Business Intelligence (BI) has transcended mere IT functionality to become a cornerstone of corporate strategy and competitive advantage. As we transition from last week’s insights on risk management and technology, we delve into the dynamic world of BI this week —…
STATE-owned telecommunication service provider NetOne says data traffic shot up by approximately 530 percent in 2024 – by far outpacing voice calls growth in line with shifts in subscriber use patterns.Data traffic reached 71,41 billion megabits from a budget of 11,28 billion megabits as voice traffic grew by 28 percent to 1,55 billion minutes from…
CFI Holdings revenue for the third quarter ended June 30, 2025 grew 9,9 percent in inflation adjusted terms to ZiG675 million from ZiG614,15 million prior year on volume growth across major units.The group subsidiaries, Agrifoods and Farm&City recorded volume increases of 13,9 percent and nine percent, respectively on the back of strong rebound in agriculture…
NEDBANK Group says it remains committed to the Zimbabwean market which continues to show immense potential by providing financial inclusion to areas with limited banking infrastructure.In a statement accompanying the group’s half year results to June 30, 2025 Nedbank Africa Regions group managing executive Terence Sibiya said mobile banking platforms were enabling secure transactions for…
THE Export Credit Guarantee Corporation of Zimbabwe (ECGCZ) is reviewing its underwriting processes to minimize risks of losses.In the year ended December 31, 2024, the insurer posted a ZiG3 million loss which was largely due to claims lodged in the financial guarantees.“The corporation has tightened the underwriting process to curtail the loss experience and these…
AUTHORITIES need to urgently design a clear and well-defined roadmap for Zimbabwe’s de-dollarisation process to ensure the country’s macro-economic stability, business leaders say.Speaking during last week’s over-subscribed Daily News post mid-term budget review breakfast forum in Harare, the business leaders added that macro-economic predictability allowed companies to make informed decisions about investments, pricing and their…
CALEDONIA Mining Corporation (Caledonia) reported a 30 percent increase in gold revenue to US$65 million during the second quarter ended June 30, 2025 from US$50,1 million a year earlier, on improved selling prices and production output.The top line growth mirrors a 38,5 percent increase in average realised gold price of US$3,188 per ounce as compared…
ZIMBABWE’s banking sector remains heavily dollarised, with foreign currency loans accounting for over 88 percent of money advanced by financial institutions, official figures show.According to the Reserve Bank of Zimbabwe (RBZ), foreign currency-denominated loans accounted for 88,4 percent of the banking sector aggregate loans as of June 30, 2025, highlighting the market’s strong preference for…
Mishma Chakanyuka and Prisca TshumaStaff Writers ANALYSTS say the Reserve Bank of Zimbabwe (RBZ) missed an opportunity to address key economic challenges through its mid-term monetary policy statement last week.The statement, which left most existing measures unchanged, has been met with a chorus of disapproval, with experts warning that the current economic hardships will persist.Economic…
THE Reserve Bank of Zimbabwe (RBZ) says it increased its interventions in the willing-buyer-willing-seller foreign exchange market during the first half of 2025, deploying US$448,9 million to meet demand for hard currency.In its 2025 Mid-Term Policy statement, the central bank said this marks a notable increase from the US$407,4 million sold in 2024, signalling its…
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