Retail investor participation grows on VFEX

THE Victoria Falls Stock Exchange (VFEX) has hit a new milestone in its retail investor reach, with over 7 800 individuals now registered on the VFEX Direct digital platform. The growth of the retail investor segment highlights a shift in the exchange’s accessibility since the introduction of digital trading channels. Speaking at the Pfuma Real…

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Govt tightens public procurement processes

ZIMBABWE’S Finance ministry has continued to unveil a raft of measures, including e-government procurement (e-GP) among other reforms and automated services, as it seeks to enhance its value-for-money policies and shore up the public finances management system. This comes as Harare’s tax revenues — already in line with regional trends — have hit 18 percent…

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Government decrees local suppliers payments in ZiG

GOVERNMENT has taken a definitive step toward de-dollarising public procurement, with the minister of Finance, Mthuli Ncube, announcing that all local suppliers and contractors will henceforth be paid exclusively in ZiG. The directive, which accompanied the launch of the new National Standard Price List (NSPL), marked a significant shift in fiscal policy aimed at bolstering…

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Hospitality sector on track to meet 2030 target

THE Hospitality Association of Zimbabwe (HAZ) says the hospitality sector is on track to meet its 2030 infrastructure development target, as several new investments come on board. The sector currently faces a significant infrastructure deficit, with an estimated nationwide shortage of at least 6 000 hotel rooms to meet projected demand. While the sector has…

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