RESERVE Bank of Zimbabwe (RBZ) is conducting a ZiG perception and confidence survey to measure the local currency’s acceptance rate since its introduction. The central bank said the move is part of its strategy to enhance public confidence through consistent policy implementation and active stakeholder engagement. “The RBZ introduced the Zimbabwe Gold (ZiG) on April…
THE Zimbabwe Revenue Authority (Zimra) has called on importers and exporters to strictly comply with customs regulations or risk facing penalties. Speaking to the Daily News on Sunday on Friday, Zimra’s regional manager for the western region, Bekezela Majokojoko, said all goods entering or leaving the country must be properly declared and cleared through designated ports of…
BY JACKSON T. MASHINGE THIS week, we embark on a profound exploration of the integration of machine learning (ML) algorithms into audit processes, transitioning from our previous focus on business intelligence. A year ago, I offered initial insights into this burgeoning domain, yet the relentless pace of technological advancement compels a deeper examination. The infusion…
AUTHORITIES are scaling up their efforts to create an enabling environment for small and medium enterprises (SMEs) to thrive under the African Continental Free Trade Area (AfCFTA). Speaking on the sidelines of an AfCFTA workshop yesterday, the permanent secretary in the ministry of Women Affairs, Mavis Sibanda, said SMEs continue to face numerous challenges that…
AGRICULTURE minister Anxious Masuka said the government is set to investigate malpractice in the tobacco value chain. This comes amid widespread reports that contractors are exploiting tobacco farmers through a system that traps them in debt with high input costs, unfair prices, and other exploitative practices. Addressing the media in Harare this week, Masuka said…
ECOCASH, Zimbabwe’s largest financial technology platform, says it is stepping up efforts to increase international remittance receipts by partnering with more global payment platforms. The mobile money service, owned by Econet Wireless Zimbabwe, already partners with leading global remittance providers such as Sasai Money Transfer, Western Union, WorldRemit, MamaMoney, MoneyGram, Remitly, Shoprite Send and Terrapay.…
BY BOTHWELL NYAJEKA I HAD a lot of fun last week. I played with a new toy after a long time — and I enjoyed it. The new toy was an Artificial Intelligence (AI) boardroom tool. One of the companies on which I am a board member introduced this amazing AI boardroom tool to read…
BY EPHRAIM CHAWONEKA CREDIT ratings have become an essential part of global finance. From New York to Frankfurt, Tokyo to London, ratings assigned by international credit rating agencies are important for banks, investors, and regulators assess risk. They influence whether a bond is admitted into a benchmark index, how much capital a bank must hold…
BY SIMBABRASHE HAMUDI IN the intricate world of corporate governance, the distinction between executive and non-executive directors has long been a subject of considerable discussion and occasional legal ambiguity. Despite the central role these directors play in shaping the direction and performance of companies, neither the Zimbabwean Companies Act nor the courts have provided a…
BY GODFREY NYONI IN Zimbabwe, livestock farming is more than just a way to put food on the table. For many rural families, animals represent wealth, income, school fees, and security for the future. From goats grazing in Insiza, to cattle herds in Matabeleland, to chickens in Masvingo’s villages, livestock is deeply tied to people’s…
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