LOCAL financial institutions should proactively adopt green mortgages as a distinct product offering to promote climate action, a local property company has urged. A green mortgage is a preferential lending scheme offered by a bank or lender to a buyer who can demonstrate that the property they are borrowing for meets certain environmental criteria. This…
LIQUIFIED Petroleum Gas (LPG) consumption in Zimbabwe was up by 10,36 percent in 2023 to reach 66,1 million kilograms, highlighting the nation’s reliance on alternative energy in the face of worsening power blackouts. The surge in LPG usage, driven primarily by industrial and residential demand, suggests that power cuts are hindering economic activity. Peak consumption…
THE Zimbabwe Revenue Authority (ZIMRA) introduced the Tax and Revenue Management System (TaRMS) as part of their strategy to transform the administration of taxes by using a system that simplifies registration, enhances online services and automates compliance checks. The efforts to enhance tax administration and compliance can also be enhanced through the use of Artificial…
MARCH is Women’s Month, a time to celebrate the achievements and resilience of women across the globe. In the challenging world of finance, women are rising to meet complex economic situations and create innovative solutions. In this interview, The Financial Gazette’s Mishma Chakanyuka (MC) caught up with one such woman, the director-general of the Zimbabwe…
THE Zimbabwe Revenue Authority (Zimra) has reported a collection of $4 trillion in tax revenue so far this year, expressing confidence in meeting its quarterly target of $7 trillion by the end of the month. This development comes as Zimbabwe’s resource mobilisation strategy is currently focused on the ordinary citizen due to low domestic output,…
IT’S my view that the marketing people at M-B have over-used the AMG moniker by applying it to some fairly ordinary models by way of trim differentiation, so it was with more than a measure of anticipation that I welcomed the arrival on my driveway of the real deal, the AMG A35 Saloon. The “35”…
ZIMBABWE recorded a 4,13 percent increase in tourist arrivals in the fourth quarter of 2023, with 515 336 visitors entering the country, according to the Reserve Bank of Zimbabwe (RBZ). This growth is a continuation of the positive trend set post-Covid-19 and elections, signalling a strengthening of the sector. The RBZ said the rise was…
THE Zimbabwe Revenue Authority (ZIMRA) introduced the Tax and Revenue Management System (TaRMS) as part of their strategy to transform the administration of taxes by using a system that simplifies registration, enhances online services and automates compliance checks. The efforts to enhance tax administration and compliance can also be enhanced through the use of Artificial…
By Kundai Mudzviti Staff Writer CFI Holdings (CFI) has rolled out a solar systems installation program in its retail branches as the firm moves to cushion the adverse effects of power cuts as well as leaning towards cleaner sources of energy. The Zimbabwe Stock Exchange-listed agro-based holding company is also pursuing several initiatives to curb…
TOBACCO farmers are currently saving at least US$20 per tonne in production costs, thanks to a coal facility jointly developed by the Tobacco Industry & Marketing Board (TIMB) and Hwange Colliery. TIMB’s head of business development, Tapiwa Chimedza, revealed at a media interface that the partnership with Hwange Colliery has resulted in a 25 percent…
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