GOVERNMENT says it is in talks with civil servants through the Tripartite Negotiating Forum (TNF) with a view to improving their salaries and working conditions. This comes as civil servants are pushing the government to restore their previous salaries where they were earning close to US$800. Currently, government employees are earning around US$350, which is…
THERE has been a steady increase in the adoption of point-of-sale (POS) machines by local businesses in line with government efforts to encourage the use of formal banking channels and improve tax compliance, the Bankers Association of Zimbabwe (BAZ) has said.This follows a government directive in January this year, which made it mandatory for all…
ZIMBABWE’s mobile telecommunications sector has reached a new high, with the number of active mobile subscribers hitting 15,7 million in 2024, marking a 4,7 percent increase from 14,97 million in 2023, official figures show.According to the latest industry statistics from the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz), the growth was largely driven by…
THE Airports Company of Zimbabwe (ACZ) says the Aviation Infrastructure Development Fund (AIDEF) is struggling to serve its purpose due to sub-economic tariffs, which also limit its capacity to meet loan repayments.The AIDF is a levy added to air travel tickets to fund infrastructure development and maintenance of airports in Zimbabwe.A further complication arises from…
MUKURU Zimbabwe recently launched the Mukuru Wallet in the country. Building on its capabilities, which support more than three million Zimbabwean customers, the wallet allows users to send and receive money locally and internationally from mobile phones, offers safe storage of funds, and provides free cash out on international transfers. The Financial Gazette’s managing editor, Adelaide Moyo (AM),…
South Africa’s state power utility said the increased reliability of its electricity network will reduce the risk of outages this winter, when demand is expected to increase. Eskom has made “a continuous improvement from where we started off,” chief executive officer Dan Marokane said in an interview on Monday. “That trend essentially is one of…
Standard Bank has been instructed to pay back more than R2.1 million paid to a fake executor by the name of Johan Botha, who managed to convince the bank and…
PRESIDENT Emmerson Mnangagwa is expected to officiate at the 10th International Civil Aviation Organisation’s (ICAO) African and Indian Ocean Aviation Week (AFI Week 2025), to be held in Victoria Falls next month.The ICAO is a United Nations agency that helps about 193 countries to cooperate and share their skies to their mutual benefit.The five-day conference,…
LOW confidence in Zimbabwe’s governance reforms is a risk to the country’s arrears clearance and debt resolution process, experts have warned.International organisations and creditors acknowledged progress in Zimbabwe’s arrears clearance and debt resolution efforts after two years of dialogue during the International Monetary Fund (IMF) and World Bank Spring Meetings.However, they also highlighted several remaining…
ZIMBABWE Cricket yesterday named a 15-member Chevrons squad for the historic Test match against England set for May 22- 25 at Trent Bridge in Nottingham. The one-off fixture marks Zimbabwe’s…
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