ZIMBABWE has been chosen to host the AfCFTA Association of African Commodity Exchanges annual conference, set for March 26-27, 2025, in Victoria Falls.The event will bring together key stakeholders, including commodity exchange leaders, policymakers, and financial experts, to discuss intra-African trade and economic resilience.As host, Zimbabwe will highlight its contributions to the continental market through…
THE El Niño induced drought experienced last year dampened Nampak Zimbabwe (Nampak)’s flagship operation, Hunyani Paper and Packaging (Hunyani), which suffered weak volumes owing to poor tobacco output, subsequently diminishing the group topline for the year ended September 30, 2024.Hunyani, which accounted for 51,3 percent of Nampak’s revenue, saw its sales volumes decline by 8,4…
By Prisca TshumaStaff writer RioZim Limited (RioZim) recorded a significant increase in production costs during the six months to June 30, 2024 attributed to unstable exchange rates.In a statement on the company’s half-year financial results, chairman Saleem Beebeejaun said the Zimbabwean dollar’s (ZW$) depreciation at the start of the year caused price inflation, which increased…
IN today’s digital age, data analytics has become an essential component of effective social media marketing. By leveraging the vast amounts of data generated through interactions, trends, and user behaviours on social platforms, brands can tailor their marketing strategies to be more targeted, personalised, and impactful. However, with great power comes great responsibility. The use…
WildFin Financial Services, a registered microfinance institution renowned for its innovative financial solutions, has recently inaugurated a new branch in Machipisa, Highfield. This strategic move is part of the company’s…
CBZ Holdings Limited (CBZ) says it has completed the second and final phase of the restructuring exercise which began last year following major acquisitions by the group.During the first phase, 13 senior executives were placed on garden leave with mutual termination of their contracts executed by December 31, 2024 before the second phase executed in…
ECONENT Wireless Zimbabwe says it has resolved network challenges that caused some of its customers to be unable to make calls, use some mobile data services or transact using EcoCash…
THE Global Africa Business Initiative (GABI) issued its Unstoppable Africa 2024 Executive Summary on Tuesday shedding light on transformative strategies and solutions to reshape Africa’s financial narrative and accelerate economic…
By Marvelous Tapera THE introduction of new tax provisions under the Finance Act (No. 2 of 2024) marks a significant shift in the way Zimbabwe handles the taxation of its growing betting industry. The provisions, which impose taxes on both bookmakers and betting punters, reflect a broader trend of governments worldwide increasing their focus on…
NOT only do bucket shops use artificial intelligence (AI) to create fake videos of well-known personalities to advertise their scams and lie about very clever AI algorithms that can earn…
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