Page 175 – The Financial Gazette

Fertiliser shortages threaten winter crops

Botswana president to open ZITF

Dangote says Nigerian crude supply to refinery doubled in March

Embrace sustainable practices, firms told

Mishma Chakanyuka, Staff WriterJune 22, 202501.1K views

A LEADING expert in Environmental, Social, and Governance (ESG) has urged Zimbabwean companies to adopt sustainability practices before these measures become a legal requirement.The head of ESG at Davis Granite, Polite Nhokovedzo, stated that companies should address internal issues before focusing on external factors when considering sustainability.“The key thing that has to happen for sustainability…

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ICZ champions insurance innovation

Prisca Tshuma, Staff WriterJune 22, 202501.1K views

THE Insurance Council of Zimbabwe (ICZ) is driving product innovation in the sector by actively leveraging Artificial Intelligence (AI) and research.This initiative comes as informalisation and digital disruption increasingly shape the operating environment.Speaking at an AI and Machine Learning Research Awards ceremony in Harare, ICZ Chairman David Nyabadza emphasised the critical importance of harnessing research.…

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IMF sees new funding opportunities for Zimbabwe

Adelaide Moyo, Group Managing EditorJune 22, 202501.2K views

THE International Monetary Fund (IMF) says a potential Staff-Monitored Program (SMP) with Zimbabwe, currently under negotiation, could unlock crucial external financing and investment for the country. Responding to questions from the Portfolio Committee on Finance in Parliament, IMF senior economist, Silvia Domit, said while the SMP does not involve direct financial assistance, it is seen…

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Engineering firms target DRC market

Elton Manguwo, Staff WriterJune 22, 202501.3K views

ZIMBABWE’S leading engineering companies are poised to capitalise on the Democratic Republic of Congo’s (DRC) burgeoning mining industry.Speaking at the recent 2025 DRC Mining Week, ZimTrade’s Chief Executive Officer, Allan Majuru, stated that the DRC is a vital market for Zimbabwean exporters, especially in the mining and manufacturing sectors.“This trade mission provides a targeted platform…

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HR PERSPECTIVE: Fixing a performance management system

Staff WriterJune 21, 202501.1K views

THE widespread dissatisfaction with performance management is not merely a matter of opinion; it is a conclusion supported by decades of scientific inquiry. Many traditional systems, centred on the annual performance review, are not just ineffective but can be actively harmful to employee motivation and organisational health. To construct a system that delivers on its…

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Make agric title deeds airtight

Staff WriterJune 21, 202501.1K views

THE government’s renewed drive to issue new agricultural land title deeds is, on the surface, a welcome and potentially transformative step.Framed as a critical enabler for agricultural financing and an effort to treat farming as a serious business, this initiative holds the promise of unlocking significant productive investment. However, its true success hinges entirely on…

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Tax credits available to employees

Paul Nyakazeya, Group Digital EditorJune 19, 202501.3K views

By Simbarashe Hamudi TAX credits serve as a vital financial tool for taxpayers, enabling them to reduce their tax liabilities. By subtracting specific amounts from the total employment taxes owed, these credits can significantly ease the financial burden on individuals, particularly those facing certain hardships. This mechanism is outlined in the Finance Act, specifically under…

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Government engages stakeholders on NDS 2

Staff WriterJune 19, 202501.1K views

THE minister of Finance, Mthuli Ncube, yesterday said the government has started to gather views from stakeholders to be included in the National Development Strategy 2 (NDS 2) set to be launched in November. This comes as the NDS 1, which was launched in 2021, ends in December. The NDS 2 is aimed at realising…

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Local firms decry forex liquidation

Almot Maqolo, Staff WriterJune 19, 202501.3K views

THERE is growing disquiet among local companies over the 30 percent liquidation of foreign earnings into local currency balances at the official rate by the Reserve Bank of Zimbabwe (RBZ) which according to insiders, is gravely threatening export business viability.This comes as local companies are already stretched for foreign currency to adequately cover supplier and…

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Mideast conflicts unsettle industry

Staff WriterJune 19, 20250998 views

WITH strife in the Middle East usually causing global oil prices to spike, experts fear that the worsening Israel-Iran war will further sap Zimbabwe’s ailing economy.When oil prices rise, the cost of production also goes up. This puts pressure on companies, with the ensuing costs eventually being passed on to already hard-up consumers, especially for…

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