Government, JICA US$15m deal bears fruit

THE Nyakomba Irrigation Scheme, one of the major projects initiated by the Zimbabwe Smallholder Horticulture Empowerment and Promotion Project, has significantly transformed lives in Manicaland. The transformation follows a US$15 million investment from the government and the Japan International Cooperation Agency (JICA) in 2020, aimed at revamping various irrigation schemes across the country. Deputy director…

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RBZ reserves surge to US$629 million

THE Reserve Bank of Zimbabwe’s foreign currency reserves increased by 127 percent to US$629 million at the end of March 2025, from US$276 million at the end of April 2024.The central bank said this comes as its foreign reserves accumulation strategy continued to bear fruit.“The foreign reserves have been adequate to cover reserve money as…

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CSC creditors set for rescue plan vote

CREDITORS of the Cold Storage Company (CSC) are set for a crucial meeting to decide on the adoption of a rescue plan on April 15, 2025.The meeting is in accordance with section 143 of the Insolvency Act.“The plan will be approved if supported by the holders of more than 75 percent of the creditors’ voting…

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How and where to start a business in Zimbabwe

By Shephard Kembo I HAVE been inundated with calls and requests on the above subject matter and a lot of people pass through our offices seeking to consult on the matter. In this week’s instalment, we seek to debunk the myth that it is difficult to start and run a business in Zimbabwe, let alone…

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Transforming vehicle benefits in Zim firms

By Memory Nguwi IN today’s Zimbabwean economy, where liquidity is tight, inflationary pressures persist, and the cost of imported assets is volatile, companies can no longer afford to sustain traditional employee vehicle benefit models. These models, which include fully expensed company vehicles replaced every four to five years, once signalled prestige and competitiveness. However, maintaining…

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ZWG @1: Stability without relief?

ON April 5, 2025, the Reserve Bank of Zimbabwe (RBZ) released a vibrant, celebratory poster across all mainstream media channels, marking the one-year anniversary of the Zimbabwe Gold (ZWG), also known as the ZiG. The poster proudly highlighted the major achievements of the currency in its first year, with prominent green checkmarks next to key…

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How Microsoft founder Bill Gates mapped out the new internet era back in 1993

Gates and Paul Allen launched computing giant Microsoft 50 years ago. In 1993, he talked to the BBC about the online innovations that would define the 21st Century. When the BBC first broadcast an interview with Microsoft co-founder Bill Gates in June 1993, there were thought to be only 130 websites in total. The BBC’s venerable science…

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