OLD Mutual Group (Old Mutual) says its Zimbabwean fintech platform O’mari could be expanded to offer other financial services and scaled into other markets riding on its exponential growth since its launch in May 2023.O’mari which offers mobile money services, insurtech, investec, digital lending, e-commerce, payments and digital products and services for the Zimbabwean retail…
THE Zimbabwe Association of Dairy Farmers (ZADF) has forecast a 15 percent rise in milk production this year, driven by an expanding herd and strategic investments across the sector.Last year, the country’s milk production increased by 15 percent to 114,69 million litres, up from 99,82 million litres in 2023.However, it fell short of the annual…
ZIMBABWE’s banking sector is preparing for the cascading effects of US aid cuts, a move that could destabilise the country’s economy and worsen existing economic challenges.In late January, US President Donald Trump ordered a 90-day suspension of foreign aid, halting all financial assistance distributed by the United States Agency for International Development (USAID). This decision…
PRIVATE sector contractors to the government are calling for a set-off arrangement to clear their rising tax liabilities emanating from non-payment by the latter for services rendered, it has emerged.Business executives at The Financial Gazette’s Annual Tax Review Breakfast Meeting held last week said a set-off agreement between government and its contractors could help alleviate…
CABLE manufacturer Cafca says volumes at its retail and distribution operations were adversely impacted by unfair competition from the burgeoning informal sector during the first quarter to December 31, 2024.In a trading update, the Zimbabwe Stock Exchange-listed firm said the market experienced an increase in smuggled products, disrupting value chains and forcing retailers and manufacturers…
TANGANDA Tea Company (Tanganda) is setting its sights on the far east markets, mainly China, to export avocados and improve foreign currency earnings.The agro-industrial concern exports to more than 25 countries around the world and the more than one billion populated-Asian giant presents massive opportunities.To execute the strategy, insiders say Tanganda’s senior members have attended…
LONDON Stock Exchange-listed Kavango Resources with gold projects in Zimbabwe, says it has completed its initial resource drilling program at Prospect 3, which is part of the Hillside gold project in Matabeleland South.Operating through its Zimbabwean subsidiary, Kavango Zimbabwe, established in July 2023, the company is targeting several historic high-grade gold mines in the Matabeleland…
IN today’s digital economy, data protection is no longer a luxury or an optional security measure—it is a legal and regulatory requirement. Businesses across all industries are expected to secure…
I HAVE decided to write this article on AI as a precursor to a webinar on AI and Digital Transformation in the Global South on March 27. The webinar will bring together a distinguished panel of experts from academia, industry, and government, who will share their insights and experiences on the progress, challenges, and strategies…
FAST-foods restaurant operator, Simbisa Brands (Simbisa) says it is currently vetting 64 sites across its operating markets earmarked for construction of new stores by June next year.The Victoria Falls Stock Exchange (VFEX)-listed company with operations in Zimbabwe, Kenya and Eswatini is aggressively expanding its market share across operating markets.“We have identified and are currently vetting…
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