By Beaven Dhliwayo, Group Features Editor China’s Ambassador to Zimbabwe Zhou Ding urged African nations to pursue homegrown models of rural development, warning that modernisation should not be mistaken for…
ZIMRE Holdings (Zimre) wants to stretch its operations into east and west African markets as it forges ahead with its ambitious growth plan of becoming a pan-African insurance giant.The Zimbabwean investment holding company with operations in insurance and property already has operations in several southern African markets.In a recent interview with The Financial Gazette, Zimre…
MINISTRIES will no longer be allowed to enter into contractual agreements with private sector suppliers of goods and services without prior consent from the Treasury, as the government moves to streamline procurement processes and curb over-contracting.Finance Minister Mthuli Ncube said this during last week’s Thursday mid-term breakfast forum hosted by our sister paper, Daily News.This…
CLOTHING firm, Edgars Stores (Edgars) is seeking to penetrate the low-income market through the expansion of Express Stores, a development that is set to underpin its growth strategy.Zimbabwe’s formal clothing retail companies have seen their market share drastically deteriorate due to the diminishing consumer purchasing power in a difficult economy that has largely tilted towards…
RIOZIM is temporarily suspending the sale of its mines, following a legal challenge by the Zimbabwe Diamond & Allied Minerals Workers Union. Recently, the miner had announced that it was nearing a deal with new investors who would inject US$20 million and take over the struggling miner. The major line of credit and a new…
IN Epworth, south-east of Harare, plastic is not merely a sign of environmental decay, it is a livelihood. For a group of local women, every discarded bottle and tangled piece of polythene represents a chance to put food on the table, send a child to school, and build a better future. They are Zimbabwe’s unsung…
ZIMGOLD, a subsidiary of Edurate Investments, will this year install a US$6 million wheat milling plant in Harare as it expands and diversifies operations. Speaking at the ground-breaking ceremony in Harare on Wednesday, ZimGold business head, Gautam Pradhan, said the wheat milling plant should be up and running by January. Edurate Investments is one of…
FOR years, the Zimbabwean economy has been in a state of perpetual instability, with currency reforms that have posed significant challenges for businesses and individuals alike. Now, with the launch of the ZiG and an official timeline for de-dollarisation, there is a welcome opportunity to build stability and clarity.However, a series of mixed messages from…
OK Zimbabwe (OK Zim) has successfully raised US$20 million through a rights offer that was fully subscribed, marking a significant turning point in revamping the country’s largest grocery chain by store footprint.Early this year, the grocer announced an internal rescue plan that got shareholder approval to raise approximately US$30 million through a rights offer and…
I have been involved in strategy formulation for many years, and one thing has become painfully clear to me: most organisations waste far too much time and resources on strategic planning instead of real strategy formulation. The default approach that many companies follow is to treat strategy as a set of activities neatly written down…
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