Page 277 – The Financial Gazette

‘Wrecking ball’ policy in Zim infrastructure sector

NicozDiamond targets tech-driven growth

New investment licences decline

Livestock sector recovers

Staff WriterJanuary 11, 202501K views

ZIMBABWE’S livestock subsector is experiencing a notable recovery, thanks to the successful implementation of drought mitigation strategies introduced in September last year, officials say. These measures are now yielding positive results, fostering optimism among farmers and stakeholders alike.Permanent Secretary for the Agriculture ministry, Obert Jiri, highlighted the progress made in stabilising the sector.“Initiatives like the…

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Support agriculture to harness the rains

Staff WriterJanuary 11, 202501.2K views

ZIMBABWE stands at a crossroads, buoyed by a wave of economic optimism following the much-anticipated rains.These rains offer a rare lifeline to an agro-dependent economy battered by recent droughts. Yet, the full potential of this gift from nature hinges on the government’s decisive support for the agricultural sector.The current season’s rainfall, though delayed, has brought…

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ART banks on restructure

Staff WriterJanuary 11, 20250673 views

PAPER and packaging company ART Holdings has projected improved performance for the coming year, underpinned by a group-wide restructuring strategy that includes scaling back operations in its paper division. In 2024, the company faced significant challenges, particularly in the paper milling sector, which struggled due to raw material shortages and persistent power outages which negatively…

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Sizeable rains fuel business optimism

Almot Maqolo, Staff WriterJanuary 8, 20250597 views

THE rains that have lashed the country over the past few days have eased fears of another devastating drought, with a knock-on effect throughout the whole economy. In this regard, business leaders, economists and senior government officials who spoke to The Financial Gazette — the country’s number one business publication and prime voice for industry…

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Industry needs US$2,5 billion

Staff WriterJanuary 8, 20250720 views

AT least US$2,5 billion is required to increase industrial capacity utilisation to 75 percent by December 2025, a new survey shows. According to the latest annual State of the Industry and Commerce Survey report, average industrial capacity utilisation in 2024 decreased to 56,2 percent compared to 58,5 percent in the comparable year.The Zimbabwe National Chamber…

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Will formal retailers turn the corner in ’2025?…as informal traders cement foothold

Staff WriterJanuary 8, 20250823 views

ZIMBABWE’s formal retail sector endured a challenging year in 2024, characterised by stiff competition from the burgeoning informal traders, working capital constraints and high cost of operating ― all threatening the viability of most businesses. This was compounded by a drastic decline in consumer spending as authorities’ tightening of liquidity in the economy weighed heavily…

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What’s next for Zimbabwe transfer pricing rules?

Staff WriterJanuary 8, 202501.2K views

ZIMBABWE’S transfer pricing rules are contained in sections 98A and 98B of the Income Tax Act (ITA). The rules came into force retrospectively as of January 1, 2014, because of an amendment to Act promulgated in April 2014. The Income Tax Act was further amended, effective January 1, 2016, to clarify the transfer pricing legislation…

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LEADERSHIP MINDSET COACHING: Fostering entrepreneurial leadership for growth

Staff WriterJanuary 8, 202501.6K views

“The future belongs to leaders who can think like entrepreneurs—solving problems, creating opportunities, and driving meaningful impact.” IN today’s competitive and rapidly evolving business landscape, organisations and communities alike must adapt to thrive. This requires a new kind of leader: the entrepreneurial leader. These individuals combine innovation, resilience, and a results-driven mindset to create value,…

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Fastjet earnings hit turbulence on stiff competition

Almot Maqolo, Staff WriterJanuary 8, 202501.1K views

STIFFER competition from new entrants in the local aviation space adversely impacted Fastjet Zimbabwe’s top line, subsequently plunging it into a US$4 million loss in 2023, the company’s latest annual report shows. According to the company’s delayed 2023 annual report, revenue rose marginally by 1,8 percent to US$50,9 million in 2023 from US$50 million in…

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Khayah bets on kiln restart for recovery

Staff WriterJanuary 8, 20250728 views

KHAYAH CEMENT is banking on the successful completion of talks with finance partners to unlock resources for the refurbishment of the kiln at its Manresa plant in Harare, which is central to its short-term recovery strategy. The cement producer, formerly Lafarge Zimbabwe has been battling operational challenges for many years mainly due to persistent plant…

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