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,…
KUVIMBA Mining House (KMH) is set to spend US$60 million into its gold operations this year in a bold move expected to augment production and improve efficiency leveraging the global price boom to fund part of its ambitious plan. KHM’s gold cluster comprises Freda Rebecca Gold Mine (FRGM), Shamva Mine, and Jena Mines.Last year, the…
ZIMBABWE should focus on enhancing competitiveness and implementing robust domestic policy reforms to capitalise on BRICS membership, analysts have said.Last week, the country officially submitted its application to join BRICS. Zimbabwe National Chamber of Commerce (ZNCC) chief executive Chris Mugaga said a conducive policy environment is the key to attracting capital inflows and fostering economic…
ZIMBABWE’s efforts to attract foreign investment through appealing tax incentives have inadvertently created lawful avenues for multinational corporations that seek to minimise their tax obligations, tax experts say.One notable initiative is the foreign currency-denominated- Victoria Falls Stock Exchange (VFEX), an international offshore centre established in 2020, which offers a reduced dividend withholding tax rate of…
SEED CO Limited (Seed Co) says it will introduce a number of new seed varieties this year for commercialization in line with evolving climate conditions as it continues to diversify its product offerings.In an interview, Seed Co chief executive, Morgan Nzwere said the company produces a new product every year, but this is done on…
. . . as majority shareholders opt out RIOZIM is betting on the finalisation of a major line of credit and a new ownership deal to turnaround its waning fortunes which could potentially revamp its production efficiencies and provide working capital.The Zimbabwe Stock Exchange (ZSE)-listed gold producer has for several years been running a high-cost…
RAINBOW Tourism Group (RTG) says it is expanding its operations into the Southern African region, with its first foray being the acquisition and development of a property in Cape Town.The hotelier’s chief executive Tendai Madziwanyika said the expansion marks a significant step for the group as it seeks to diversify its revenue streams and capitalise…
THE government has expressed interest in exploring alternative energy investment models that require less state support, particularly where the private sector is willing to assume financial risk.Speaking at the recently concluded 2025 Powering Africa Summit, Finance Minister Mthuli Ncube stated that the government is considering leasing models as a viable investment approach.“This involves what we…
THE Food Crops Contractor’s Association (FCCA) is targeting the cultivation of 25 000 hectares in the 2025-26 winter season to meet the industry’s requirement of between 250 000 and 300 000 tonnes annually.Despite the government’s efforts to boost wheat production, resulting in a harvest exceeding 500 000 tonnes last season, a persistent shortage of high-quality…
. . . criticises exchange rate enforcement THE Confederation of Zimbabwe Industries (CZI) has raised concerns over the rising annual US dollar inflation, emphasising the urgent need for stabilisation measures.The industry body pointed out the enforcement of the exchange rate regime by the Financial Intelligence Unit (FIU), citing it as a key driver of inflationary…
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