ABOUT 3 000 years ago Jeremiah wrote a letter and asked that it be delivered to every leader of the Jewish Diaspora in Babylon. In it, he instructed the Jews in exile to make the best of what they had, to settle down and plant. Sometimes I feel just like those leaders in exile, living…
ZIMBABWE teeters on the brink of an economic crisis, with the retail sector struggling and alarm bells ringing across the broader economy. The challenges facing businesses are mounting, fuelled by a severe liquidity crunch, exorbitant interest rates, and a fragile dual-currency system.As the Reserve Bank of Zimbabwe (RBZ) prepares its monetary policy statement, decisive and…
ADVANCEMENTS in technology for cable manufacturing equipment have enhanced capacity utilisation at Cafca, despite a challenging operating environment. Companies across the country have been investing in technological upgrades to improve efficiency and offset costs associated with alternative power solutions.Cafca’s chief executive, Vimbayi Nyakudya, stated that the group had embraced technology to address electricity supply shortages.“The…
EFT Corporation has appointed Farai Tigere to head up its Zimbabwean operations, where he will spearhead the company’s initiatives in financial inclusion, digital transformation, and economic empowerment.Having joined EFTCorp first as an implementation engineer, before shifting focus in 2018 to business development and solution architecture, Tigere has played a key role in Zimbabwe’s payment digitisation…
Banning the sale of zombie knives is a positive step, but schools need to intervene earlier to help tackle the UK’s knife crime crisis, says Idris Elba. The actor, 52, has spent the last year making a documentary for the BBC about solutions to knife crime, during which he met victims’ families, police officers and…
OUR hands perform thousands of complex tasks every day – can artificial intelligence help robots match these extraordinary human appendages? The human hand is one of the most staggeringly sophisticated and physiologically intricate parts of the body. It has more than 30 muscles, 27 joints alongside a network of ligaments and tendons that give it 27 degrees…
Lewis Hamilton has crashed his Ferrari during the team’s pre-season testing programme in Spain. The seven-time champion was unhurt after losing control of the team’s 2023 car at the Circuit de Barcelona-Catalunya on Wednesday. Ferrari declined to comment on the incident, which happened on Hamilton’s second day of running at the Spanish track, where he…
Brazilian club Santos are in talks to re-sign Neymar after his contract with Saudi Pro League side Al-Hilal was cancelled by mutual consent. The 32-year-old Brazil record goalscorer is expected to sign a short-term deal at the club where he began his career. The termination of his contract at Al-Hilal was considered the biggest step,…
ZIMBABWE’s formal retail sector is at a crossroads, faced with a confluence of challenges that include “unfair” competition from the bourgeoning informal sector, supply chain complexities arising from exchange rate distortions and high operational costs among others. One of the country’s largest retail firms, OK Zimbabwe Limited (OK Zim) is among the worst affected. The…
THE current tight liquidity crunch is likely to persist as authorities seek to curb inflationary pressures, analysts say. The country has experienced a significant depreciation of the local unit, primarily driven by both demand and supply factors which resulted in inflationary pressures.Fiscal and monetary authorities have introduced measures to stabilise the economy on the back…
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