EXPERTS have urged authorities to accelerate their well-received efforts to improve the country’s cost of doing business and overall investment climate.This comes as the government has started to reform Zimbabwe’s licensing and regulatory framework, with its initial focus on the pivotal agriculture and transport sectors.Speaking to The Financial Gazette — the country’s number one business…
THE Ministry of Finance’s think-tank gathering, the ZEDCON annual conference, kicked off in Bulawayo yesterday at the Zimbabwe International Trade Fair.This year’s event, themed “Macroeconomic and Sectoral Policies for Broad-based Economic Transformation,” will run for three days.This high-level conference has brought together regional experts, which Treasury sees as a crucial step for fostering cross-border knowledge…
FIRST Mutual Holdings (First Mutual) is pursuing investments in alternative markets, mainly property, as a hedge against risk of value erosion on cash balances ahead of the 2030 currency transition.Zimbabwe’s currency transition from a US-dollar backed multi-currency system to a mono-currency regime anchored by its local currency in the next five years presents widespread uncertainties…
TSL has announced the termination of its planned acquisition of a 51,43 percent stake in Nampak Zimbabwe (Nampak) despite having secured approval of the transaction from the Competition and Tariff Commission.In a public notice issued this week, TSL, however, did not disclose reasons for withdrawing from the deal.TSL last year made an offer to acquire…
WHEN Zimbabwe’s border communities tune their radios, the voices they hear are often not their own.Residents in places like Chipinge, Plumtree and Kariba say the clearest signals come from Mozambique, Botswana and Zambia.Many also rely on foreign SIM cards for mobile connectivity, depriving local operators of revenue and weakening the country’s digital sovereignty.“We grew up…
THE Rainbow Tourism Group (RTG) has signed an agreement to acquire 100 percent shareholding in destination management company Batoka Safaris subject to approval from the Competition and Tariff Commission.Batoka Safaris is a tour operator and luxury ecotourism company offering safaris, cruises, and lodging across Southern Africa.It offers a variety of curated travel experiences, with a…
CABS is focusing on growing its retail foreign currency deposits base to secure cheaper long-term finance and ease funding costs while carefully managing its exposure to local currency fluctuations.The bank wants to ensure that it minimises risk of exchange losses during sudden currency shocks, mainly from the volatile local currency.Retail deposits which consist of individual…
SEED Co Limited (Seed Co) reduced its electricity consumption by 23,6 percent to 5,699,604 kilowatt-hours (KWH) during its 2025 financial year from 7,461,250 KWH a year earlier thanks to ramped up solar power generation and energy efficiency measures.The company’s electricity use stood at 8,156,437 kWh in 2023, signalling a continuous reduction already easing energy costs,…
ZIMBABWE’s property market is robust, supported by stable income returns and international entrants despite funding constraints, FBC Holdings has said.According to the diversified financial service provider, which also has a portfolio in property, the real estate sector presents massive opportunities for both local and international investors across residential, commercial and industrial segments.“Investment appetite in the…
AIR Zimbabwe says it will continue to service the Harare–Mutare–Victoria Falls route beyond the Sanganai/Hlanganani/Kumbanai World Tourism Expo which ended last week.Initially launched to facilitate travel for attendees of the 15th edition of the World Tourism Expo, held in Mutare recently, the service quickly proved essential beyond the scope of the event.As a result, Air…
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