Zimbabwe hosts regional commodity exchanges indaba

ZIMBABWE is set to host the AfCFTA Association of Commodity Exchanges (A-ACX) Annual Conference in Victoria Falls on March 26-27. The Zimbabwe Mercantile Exchange (ZMX) -the country’ sole commodity exchange- said Agriculture minister Anxious Masuka will headline the conference as guest of honour. Running under the theme “Scaling Intra-African Trade: Leveraging Commodity Exchanges for Economic…

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Exporters slam forex retention policy

EXPORTING companies say the five-percentage point increase in foreign currency surrender threshold to 30 percent by the government last month has put a heavy discount on operations and they want it reduced to improve competitiveness.  The new measures dictate that exporting companies will now retain 70 percent of their foreign currency proceeds with the remainder…

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Mastering the art of events networking

NETWORKING is an essential skill that can significantly transform your personal and professional journey of life. Events such as conferences, trade shows and workshops provide a platform for connecting with industry leaders and like-minded professionals. However, effective networking does not happen by chance. It requires strategy, confidence and a proactive mindset. Here are a few…

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Tobacco sales rake in US$25m in first week

THE tobacco sales marketing season, which began on March 5, has generated over US$25,3 million in the first week of auction sales. However, this figure represents a 34,41 percent drop compared to last year, when US$38,4 million was generated in the first week. According to figures released by the Tobacco Industry Marketing Board (TIMB) yesterday,…

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ZITF garners global attention

ORGANISERS of the Zimbabwe International Trade Fair (ZITF) have announced that this year’s expo is generating interest from both local and international exhibitors, with 24 foreign investors confirming attendance. Speaking at a media briefing on Thursday, ZITF board chairperson Busisa Moyo stated that the space uptake by exhibitors was notable.  “As preparations for the international…

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Policy vs reality: Zimbabwe’s economic trust deficit

TRAUMA has a way of lingering, haunting its victims long after the immediate danger has passed. Even when reassured that circumstances have changed, the mind struggles to accept this new reality. Hallucinations creep in unannounced, the smallest triggers reopen old wounds, and uncertainty clouds judgment. The line between safety and peril becomes blurred, making it…

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Power outages catapult Meikles diesel usage

MEIKLES Limited (Meikles)’s diesel consumption grew by 53 percent to 3,12 million litres in 2024 from 2,04 million litres in the prior year primarily driven by persistent power outages which necessitated increased use of diesel-powered generators.The growth in diesel consumption means additional operating costs for the retailer — which also requires huge volumes for its…

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Government pushed to transform taxes 

… as companies continue to bleed in testing economy THERE are fresh calls for the government to review the country’s plethora of taxes, which experts said yesterday were weighing down businesses and worsening the plight of poor citizens. Speaking at the Annual Tax Review Breakfast Meeting in Harare — hosted by the country’s number one…

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Old age financial distress worsens

THE gap between what many Zimbabweans save and what they will need to be comfortable when they are no longer able to work or hustle is growing wider, experts warned yesterday.This comes as planning for retirement has never mattered more for those lucky enough to work or own businesses, as Zimbabweans are generally living longer,…

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