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…
THE Zimbabwe Agricultural Society (ZAS) registered significant growth in its real estate division, charged by the increase in occupancy rates during the year ended December 31,2024.This growth was against the adverse macroeconomic environment that was characterised by depressed activity in the agricultural sector due to El Nino-induced drought, declining commodity prices, currency volatility and erratic…
By Mohamed Jassat ZIMBABWE’s intensified engagement with countries in the Middle East has yielded substantial economic benefits, including increased trade, foreign direct investment and generation of employment, access to technology, and economic diversification.These benefits demonstrate the potential of Zimbabwe’s engagement with countries in the Middle East to drive economic growth, development, and diversification.The Middle East…
Zimbabwe’s fisheries and aquaculture sector is set to be transformed into a billion-dollar industry through a new Bill designed to tackle longstanding challenges hampering production and productivity, a senior official has announced.The proposed Fisheries and Aquaculture Bill aims to introduce robust measures to promote sustainable fishing practices, invest in modern technologies, and support small-scale producers.Speaking…
ZIMPLATS increased its total borrowings from US$60 million to US$64,5 million during the half-year ended December 31, 2024 to finance operations and expansion projects, the company has said.Accordingly, the company made new drawdowns totaling US$9 million to finance its operations and expansion projects, while also repaying US$3,2 million in debt during the period.The loans were…
MAKOMO Resources has successfully exited business rescue following the restructuring and settlement of obligations to creditors.The coal miner operating in Zimbabwe’s northwestern coalfields went under administration in 2021 due to unsustainable debts and operational challenges.“We are pleased to announce that effective 27th of February, 2025, the corporate rescue proceedings for Makomo Resources were officially concluded.…
FASTJET Zimbabwe has added a new flight service connecting Harare and Lusaka, set to commence on April 9.The route will operate three times a week, on Mondays, Wednesdays and Fridays, using a 50-seater Embraer ERJ145 aircraft.According to the airline, this new service, which includes an early morning departure option, aims to “enhance economic and social…
THE new digital economy has created tax loopholes that make it challenging for policymakers to enforce compliance while depriving the state of vital resources for national development, a senior treasury official has said.Technological advancements have created new business opportunities while presenting challenges to traditional tax systems.Speaking at the Annual Tax Review Breakfast Meeting hosted by…
THE Zimbabwe National Road Administration (ZINARA) reported a significant improvement in budget utilisation by road authorities, following the disbursement of ZWG 4.7 billion in 2024. This enhanced efficiency has been attributed to strengthened revenue assurance mechanisms and an expanded scope of special public interest projects requiring increased funding. A schedule of actual disbursements published by…
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