ECONET Wireless, Zimbabwe’s largest mobile network operator says the current tariff structure is a threat to long-term viability of the local telecoms sector. In the group’s annual report for 2023, chairman James Myers acknowledged various interventions granted by the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) in a bid to align operating costs with…
VETERAN banker Mandas Marikanda has urged women to complement each other in business. Speaking during an executive dialogue that was hosted by The Financial Gazette this Wednesday, the chief executive of the Zimbabwe Women’s Microfinance Bank said women should not compete among themselves but rather collaborate. “I think there is room enough for collaboration. Competition…
FASTJET’S bottom line is back in the black after the airline posted a profit of US$2,9 million for the year ended December 31, 2022, compared to a US$4,3 million loss in 2021. Global economic activity increased in 2022, as Covid-19 pandemic containment efforts were gradually reduced and the number of daily new infections trended lower.…
THE Zimbabwe Agriculture Society (ZAS) says this year’s agricultural show has been given a boost by the performance of different crops in the last season. The show, which will be held from August 28 to September 2, will run under the theme “Sustained Growth, Adaptation, Productivity, Linkages. Crop production has seen tobacco setting an all-time…
PLAYERS in the tourism industry expect hotel occupancy rates to improve post-election after recording a slump in the lead-up to the polls. Hospitality Association of Zimbabwe (Haz) vice president Brian Nyakutombwa told The Financial Gazette that the previous year’s Heroes’ and Defence Forces Day holidays had slightly more traffic than this year. “Occupancies were generally…
ARISTON Holdings says its operations continue to be affected by increasing costs of production for crucial inputs such as fertilisers and crop chemicals, as well as incessant power outages that have resulted in increased fuel usage for generators. In a trading update for the quarter ended June 30, 2023, the company said the fuel expense…
SEED CO expects a more stable socio-economic environment soon after the elections following what the company described as the familiar uncertainty that marked the run-up to the 2023 general elections. In a trading update for the first quarter ended June 30, 2023, Seed Co predicted that the aftermath of the elections would be more conducive…
THE Public Accountants and Auditors Board (PAAB) says Zimbabwe should do more to keep its professional public accountants for the sake of the country’s economic objectives. This comes as the country has been running a public sector professionalisation programme in partnership with the Institute of Chartered Accountants of Zimbabwe and the International Federation of Accountants,…
THE Confederation of Zimbabwe Retailers (CZR) says there were no disturbances to business activity yesterday as the country held its general election. There was, however, little activity in retail shops in the central business district as human traffic was low and many businesses did not open. “The environment was very peaceful and there was no…
ECONOMISTS say Zimbabwe needs to commit to implementing its arrears clearance and debt resolution reforms that have been agreed upon with creditors. This comes as the Finance minister, Mthuli Ncube, recently revealed that the country is making progress on clearing arrears, with trust and goodwill growing among partners. In December last year, the government established…
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