NHS unveils big plans for Walvis Bay

THE National Handling Services (NHS) plans to boost cargo throughput at Walvis Bay dry port in a bid to expand trade capabilities and increase revenue streams. The acting chief executive, Phillip Rambakudzibwa, said these plans are anchored in the port’s strategic potential to drive regional and international trade.“The dry port presents a significant opportunity for…

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NVCCZ seeks to close startup funding gap

THE National Venture Capital Company of Zimbabwe (NVCCZ) will stimulate the country’s entrepreneurial ecosystem and drive economic growth, minister of Finance, Mthuli Ncube, says. Speaking at the launch of the company recently, Ncube said the initiative aims to address the critical funding gap often faced by startups and early-stage businesses, providing them with capital and…

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A diplomatic reset chance for Zimbabwe, USA

AS THE United States sees a shift in administration this week, Zimbabwe finds itself at a pivotal juncture to redefine its diplomatic relationship with Washington. This change presents an invaluable opportunity for Harare to revisit its long-standing issues with the United States, including the contentious Zimbabwe Democracy and Economic Recovery Act (Zidera) and other points…

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Roaring informal sector a menace

BUSINESS is at the end of its tether over the triple whammy of Zimbabwe’s continuing exchange rate distortions, booming informal sector and public policy failures. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for commerce and industry — experts said this week that it was time for authorities…

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HR PERSPECTIVE: When a job evaluation system actually creates more problems

AS a consultant who has worked on numerous job evaluation projects, I have observed a recurring challenge: many leaders and executives do not fully understand why job evaluation is conducted. Job evaluation serves as a systematic method to determine the relative worth of different positions within an organisation. Many leaders often see it as a…

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Ecocash endures cost of ZiG devaluation

Elton ManguwoStaff writer ECOCASH Holdings Zimbabwe (Ecocash) says the sudden devaluation of the Zimbabwe Gold- —ZiG currency by the Reserve Bank of Zimbabwe last year severely eroded its local currency holdings by up to 43 percent in real terms.The authorities — on September 28, 2024 devalued the ZiG by 42,6 percent in an attempt to…

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Diversification buoys CBZ’s lending portfolio

FINANCIAL services group CBZ Holdings (CBZ) says it has managed to insulate its lending business from sectoral shocks by diversifying loans across several sectors and spreading risk.By diversifying their loan portfolios, banks tend to reduce their exposure to specific sectors, which can help them avoid losses during economic downturns or other unexpected eventsThe Zimbabwe Stock…

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Real estate dominates projected investments

THE real estate sector topped projected investment values for the fourth quarter of 2024, with an estimated US$2 billion, representing 43,60 percent of the total projected investment for the period, according to the Zimbabwe Investment Development Agency (ZIDA). Real estate remains a proven avenue for wealth creation, and Zimbabwe’s property market offers diverse opportunities. From…

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