Page 306 – The Financial Gazette

State accelerates AI drive

Zim advances China horticulture export talks

Insurance, pensions sector set for overhaul

Potraz calls for regulatory convergence in ICT sector

Almot Maqolo, Staff WriterMarch 25, 20240860 views

IN A bid to enhance operational efficiency within Zimbabwe’s burgeoning Information and Communications Technology (ICT) sector, the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) is advocating for unified regulation. This would encompass the entire gamut of ICT services, including both postal and telecommunications as well as broadcasting services. The call for consolidated regulation comes…

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Government touts e-commerce for SMEs

Mishma Chakanyuka, Staff WriterMarch 24, 202401.2K views

IN A move to bolster national economic growth, the Zimbabwean government has advocated for integrating local micro, small, and medium-sized enterprises (MSMEs) into the United Nations’ e-commerce and digital economy initiative. This strategy is expected to significantly enhance the productivity of these businesses, which are pivotal to the country’s informal sector—a sector that accounts for…

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Zimbabwean named co-chair of regional investment group

Almot Maqolo, Staff WriterMarch 23, 20240659 views

IN A move emblematic of Zimbabwe’s growing influence in regional financial circles, Malvin Chidzonga of Nivteil Capital has been elevated to the co-chairmanship of the Research and Advisory Council of the Southern Africa Association of Sovereign Wealth and Pension Funds (SAASWPF). Additionally, Chidzonga will lend his expertise to the SAASWPF investment committee. Sovereign wealth funds,…

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It’s Cyber City vs old CBD

Mishma Chakanyuka, Staff WriterMarch 23, 20240870 views

INTEGRATED Properties, a prominent local real estate firm, has cast doubt on the potential of the nascent Zim Cyber City to dethrone Harare’s central business district (CBD) as the economic nucleus of Zimbabwe in the foreseeable future. The ambitious project, a cutting-edge, multifaceted development, is taking shape in Mount Hampden, earmarked as the new epicentre…

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ZSE Optimistic of Old Mutual, PPC trading resumption

Almot Maqolo, Staff WriterMarch 21, 20240605 views

THE Zimbabwe Stock Exchange (ZSE) says it is optimistic of a “quick” resolution to the dispute between the government of Zimbabwe and-Old Mutual Zimbabwe (OM) and PPC Zimbabwe over the trading suspension of their shares on the local bourse. Old Mutual and PPC have been in protracted engagements with the government of Zimbabwe since their…

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Tanganda mulls solar irrigation

Mishma Chakanyuka, Staff WriterMarch 21, 20240909 views

TANGANDA Tea Company (Tanganda) is warming up to the idea of introducing solar-powered irrigation at its tea plantations following installation of three solar plants with a combined capacity of 4,4 megawatts (MW) meant to alleviate its huge energy bill. The company, which also produces coffee, macadamia nuts and avocados has been grappling with rolling electricity…

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Local councils urged to engage capital markets

Omega UkamaMarch 21, 20240712 views

ZIMBABWEAN local authorities have been urged to embrace innovative fundraising tools available in capital markets to address the nation’s crumbling infrastructure. Efforts to improve the quality of roads, power supply, and basic services are seen as central to the country’s economic growth. “Evidence from other economies clearly demonstrates that capital market financing is instrumental in…

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Construction industry upbeat

Mishma Chakanyuka, Staff WriterMarch 21, 20240642 views

ZIMBABWE’S construction sector is entering the second quarter with considerable momentum, backed by a series of infrastructure projects poised for commencement, according to industry players. The upbeat outlook aligns with governmental projections, which forecast a 3,4 percent growth in the construction sector for the current year, dovetailing with the national ambition to erect 220,000 housing…

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CFI shuns foreign suppliers

Almot Maqolo, Staff WriterMarch 21, 20240496 views

CFI Holdings (CFI) says local procurement of raw materials has significantly increased its productivity and helped it save its much-needed foreign currency after cutting down foreign-sourced supplies to less than 20 percent of total procurement. In the aftermath of the Covid-19 pandemic, local businesses have been reluctant to procure raw materials from foreign suppliers owing…

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Montclair Hotel’s legacy and uncertain future

Omega UkamaMarch 18, 20240778 views

THE Montclair Hotel, a sprawling complex tucked into the misty Nyanga highlands, seemed to murmur with echoes of an era gone by. General manager Brian Nyakutombwa, impeccably dressed and with a thoughtful air, traced the hotel’s seven-decade journey as he sat in the wood-paneled lobby. “This place,” he began, a note of fondness in his…

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