THE Zimbabwe Investment Development Agency (Zida) approved 207 new licences in the first quarter (Q1) 2025, up 44,8 percent from the same period last year thanks to improved investor confidence and efficiency in the new electronic licensing system. Zida launched the electronic Do-ItYourself (DIY) investment licensing system in the first quarter of last year, which…
ZIMBABWE must “prioritise the adoption of homegrown solutions to address the country’s pressing economic challenges” amid evolving global geopolitical dynamics, Vice President Constantino Chiwenga has said. This comes as calls for a domestic capital-led economy have been boosted by institutions such as the Public Sector Pension Fund, which has invested millions into infrastructure and the…
KAVANGO Resources, a London Stock Exchange-listed company with gold projects in Zimbabwe, has secured a US$5 million convertible loan note (CLN) facility from Zimbabwean pension funds. The CLN is interest-free and will be drawn down in three tranches, supporting mine development and the construction of Kavango’s first gold processing plant. Kavango intends to convert the…
THE Ministry of Industry says the government will soon be launching the Industrial Development Fund to help firms upgrade their equipment and technology, reducing idle capacity.This follows after the Confederation of Zimbabwe Industries (CZI) 2024 manufacturing sector survey revealed that the country’s manufacturing sector capacity utilisation remained stagnant at 52,3 percent in 2024.From the survey,…
By Jackson T Mashinge IN an age where information is one of the most valuable currencies, the sheer volume of data generated globally is nothing short of staggering. Every day, millions of people engage in a digital dance across social media, transact online, and interact with smart devices, contributing to a data landscape that is…
AIRPORTS Company of Zimbabwe (ACZ) is currently discussing with potential partners to implement fuel hydrants at its airports.Hydrant systems deliver fuel directly to aircraft parked on the apron via underground pipelines, eliminating the need for fuel tankers.This approach streamlines the refuelling process and minimises disruptions on airport runways and roads.Speaking at the inaugural annual general…
ZIMBABWE’S digital payments transactions fell by nine percent to ZiG162,46 billion in February 2025, from ZiG178,79 billion in January this year, latest figures show.Volumes followed suit, declining by six percent to 53,57 million transactions, a trend that may signal subdued economic activity or weakening consumer and business confidence.The National Payments System (NPS) plays a vital…
BULAWAYO city fathers are pinning their hopes on the week-long Zimbabwe International Trade Fair (ZITF) to revitalise the city’s once bustling industry that has suffered a heavy knock from the declining economic situation. The fully subscribed 65th edition of the premier showcase kicked off yesterday under the theme: “Industrialisation: Crafting an Integrated Economic Landscape.” Bulawayo…
STANBIC Bank has positioned itself as a leader in the Small to Medium Enterprises (SMEs) space through its suite of purpose-built solutions, including the Africa China Trade Agent Proposition, which connects businesses with trusted suppliers in China while mitigating trade risks. This commitment to empowering Zimbabwean entrepreneurs has earned Stanbic Bank recognition as the ‘Best…
Pope Francis has died at the age of 88, the Vatican has announced. The pontiff, who was Bishop of Rome and head of the Catholic Church, became pope in 2013 after his…
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