ZIMBABWE’S trade deficit jumped to US$217,7 million in February 2025, as both imports and exports continued to decline.This comes as low production has hampered the country, and the informal sector has flooded the market with smuggled goods, which disproportionately burdens manufacturers with taxes and other costs.Consequently, retailers import many products to cut operating expenses.The Zimbabwe…
“The capacity to learn is a gift; the ability to learn is a skill; the willingness to learn is a choice.” – Brian Herbert WHAT an eye-opening experience it was,…
TENANTS that have longer lease terms and are more exposed to foreign exchange generation are likely to safeguard “real” rental returns in the real estate market amid tightening of local currency circulation by the authorities, Tigere Property Fund (Tigere) chief executive Brett Abrahamse has said.This comes amid increasing voids in the property sector which have…
MASIMBA Holdings says the tight liquidity conditions in the market has hampered effective execution of projects resulting in cash flow challenges and increasing debtors’ book.The construction firm is a huge contractor of the government’s massive infrastructure projects.“This (tight liquidity) constrained the business’ ability to fund ongoing projects and manage operational expenses, causing delays in project…
ZIMBABWE’S airports saw passenger traffic rise by 19 percent in 2024, reaching 2,28 million, up from 1,93 million in 2023.The Civil Aviation Authority of Zimbabwe (CAAZ) reported this increase, attributing it to stronger global and regional connections.These figures show significant growth in both international and domestic travel, proving a strong recovery in the aviation sector…
Zimplow says it is refocusing its efforts on its mining and infrastructure business units, which have shown resilience despite economic setbacks for long-term growth in response to the challenging conditions in the agricultural sector.The diversified firm’s agricultural unit, including Mealie Brand, saw a 46 percent drop in turnover due to the severe drought and the…
Willdale expects its planned transition to solar energy to save up to five percent in energy costs as part of its efforts to reduce environmental impact and contain overheads.The brick-making concern has recently been plagued by losses due to overreliance on the national power grid, resulting in downtime averaging 30 percent due to electricity cuts…
THE Zimbabwe Revenue Authority (Zimra) says it is targeting to collect US$7,16 billion in revenue this year, supported by various revenue enhancement measures.The national tax collector said the ambitious goal is supported by measures including improved tax compliance, expanded digital platforms and enhanced administrative efficiencies within Zimra.“Key to achieving this target will be the successful…
OK Zimbabwe (OK Zim) plans to raise US$30 million through a combination of a rights issue, private placement and debt instruments, which will be channeled towards recapitalisation.This comes as the company has been experiencing operational and financial difficulties, which it attributes to “endogenous and exogenous factors,” driven by a challenging operating environment.“The initiative is expected…
THE Chas Everitt International Property Group says it is looking to expand its footprint into several new countries across the continent. This follows the leading real estate firm’s expansion into…
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