Mishma Chakanyuka THE Insurance and Pensions Commission (IPEC) has urged life assurers accepting cash premiums to strengthen their transaction monitoring processes in view of the risks associated with the escalating proportion of US$ transactions. This comes as US$ cash transactions continue to dominate Zimbabwe’s economy, accounting for over 90 percent of physical cash transactions…
NEWLY-elected Zimbabwe National Chamber of Commerce (ZNCC) president Josephine Takundwa has pledged to strengthen private sector competitiveness and counter rising import penetration into the local market through aggressive policy advocacy. Takundwa was elected during the business lobby group’s annual general meeting held in Victoria Falls last week. She took over the reins from Tapiwa Karoro,…
Hazel Marimbiza in BULAWAYO ZIMBABWE is strengthening cooperation with Nigeria in the mining sector as part of efforts to expand indigenous participation, promote value addition and deepen intra-African trade under Vision 2030. This comes after a Memorandum of Understanding (MoU) between Nigeria’s Festival of Black and African Arts and Culture (FESTAC Africa) and the Zimbabwe…
THE triple whammy of excessive taxes, high interest rates and burdensome regulations is choking the country’s formal sector. So warned worried corporate titans and other experts who spoke to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — on the sidelines of the Zimbabwe National Chamber…
ZIMBABWE’S pensions sector expanded its asset base by 10 percent during the first quarter of 2026, with total assets rising to US$3,41 billion from US$3,11 billion at the end of December 2025, latest Insurance and Pensions Commission data shows. The increase was driven mainly by fresh investments and positive fair value gains on investment property…
THE Insurance and Pensions Commission (IPEC) says Zimbabwe’s insurers have made measurable progress in implementing IFRS 17 but warns that the industry’s biggest test is now producing financial statements that are consistent, comparable and technically robust. The accounting standard, which fundamentally changed how insurers measure liabilities and recognise profits, has allowed companies to present a…
AS AFRICAN economies expand and trade volumes increase, governments are under growing pressure to modernise ageing transport systems that have struggled to keep pace with demand. For landlocked countries in particular, efficient rail networks are seen as critical to lowering transport costs, easing pressure on roads and connecting mines, farms and industries to regional poTransport…
Prisca Tshuma THE Agricultural Marketing Authority (AMA) says it has invested US$3,2 million and ZiG29 million from grain levy proceeds towards irrigation development and other initiatives aimed at boosting domestic agricultural production. Recently, AMA spent US$300 000 in the Glen Somerset Irrigation Scheme to support wheat and maize production in Murehwa District. Speaking to The…
THE upcoming Eswatini Investment Conference (EIC) which is designed to strengthen regional collaboration and position the southern African country as a preferred destination for investment will increase long term business…
Simbarashe Hamudi THE 24th Schedule to the Taxes Act, enacted in terms of Section 36A, establishes the legal framework for the tobacco levy. Over time, it has been amended and…
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