Page 302 – The Financial Gazette

Satewave, Afribiz join forces

Job evaluation as foundation of affordable pay structure

Credibility the new business currency

Zimplow’s tyre unit reels from informal competition

Kudzanai Gerede, Companies and Market EditorApril 24, 202501.4K views

TRENTYRE, a tyre-service subsidiary of Victoria Falls Stock Exchange (VFEX)-listed engineering group Zimplow says the growing competition from cross-border informal traders has adversely affected its business operations.TrenTyre product range includes brand new tyres, tubes and tyre accessories as well as retreading and repair services.In its financial results for the year ended December 31, 2024, the…

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Trade wars weigh on global economy: IMF

Staff WriterApril 24, 202501.8K views

THE IMF says the escalation of trade tensions and policy uncertainty are expected to have a significant impact on global economic activity this year.In its world economic outlook report for April released this week Tuesday, the Bretton Woods Institution projected a decline in global economic growth by 0,5 percentage points to 2,8 percent.The Washington D.C-based…

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Manufacturing sector needs capacitation: CZI

Staff WriterApril 24, 202502K views

THE Confederation of Zimbabwe Industries (CZI) says the government and relevant stakeholders need to unite in implementing measures to improve the performance of the manufacturing sector. CZI chief executive officer Sekai Kuvarika made the call during the Zimbabwe International Trade Fair (ZITF) business conference yesterday. According to the 2024 manufacturing sector survey results, the sector’s…

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Zimre bets on new acquisitions for growth

Almot Maqolo, Staff WriterApril 24, 202501.6K views

ZIMRE Holdings Limited (ZHL) is strategically rebalancing its portfolio to capture emerging growth opportunities, banking on recently acquired assets in the insurance business.Group chief executive Stanley Kudenga told The Financial Gazette recently that the new acquisitions, while currently in transition, are being primed to become key value drivers for the group amid concerns of underperformance…

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African Century loan book surges 243 pct

Almot Maqolo, Staff WriterApril 24, 202502.1K views

African Century’s total assets increased by 115 percent to ZiG616 million as at December 31, 2024 from ZiG287 million the previous year, mainly driven by growth in the loan book.The micro-lender has been steadily building its capital base to increase resilience in a tight liquidity market.“This growth was primarily driven by a 243 percent growth…

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Rising shield: AI’s pivotal role in fraud detection

Staff WriterApril 24, 202501.7K views

By Jackson T Mashinge IN a landscape where digital transactions proliferate and cyber threats loom large, the financial sector in Zimbabwe is undergoing a seismic shift. Enter Artificial Intelligence (AI), the cutting-edge technology that is redefining the paradigm of fraud detection. No longer merely a buzzword, AI has emerged as a formidable ally in the…

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‘Zimbabwe steadily reclaiming economic footing’

Staff WriterApril 24, 202501.7K views

By Mahomed Jassat ZIMBABWE’S story is not just one of struggle. It is a story of resilience. It is a tale of a people who, despite decades of economic sanctions, political pressure, and persistent misinformation, have refused to surrender their dignity or destiny. Today, as the nation steadily reclaims its economic footing and asserts its…

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The imperative for reskilling in AI era

Staff WriterApril 24, 202501.3K views

By Ephias Ruhode SINCE the arrival of ChatGPT in November 2022, the world has plunged into disorienting chaos. Governments around the globe are scrambling to regulate what they barely understand as organisations race to adopt AI faster than they can assess its risks. Workers everywhere are left anxiously wondering whether their job will still exist…

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How Zimbabweans in the diaspora can build profitable businesses back home

Paul Nyakazeya, Group Digital EditorApril 24, 202501.3K views

By Shephard Kembo A LOT of Zimbabweans in the diaspora have indicated interest to participate and partake in Zimbabwe’s economic growth through available economic platforms and opportunities. Whilst we continue to engage and work with a lot of Zimbabweans in the diaspora, we thought we could stir and stimulate this crucial economic and business discourse…

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Voids plague commercial real estate market

Prisca Tshuma, Staff WriterApril 24, 202501.2K views

INVESTORS in Zimbabwe’s industrial and office property sectors have voiced worries about the increasing number of voids.These long-term empty properties have become a structural problem, leading to significant financial losses.In its half-year review, covering the period ending December 2024, the property firm Knight Frank reported that vacancy rates in the Central Business Districts (CBDs) of…

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