GOVERNMENT says agriculture mechanisation investments will help transform the country’s farming landscape and contribute to economic growth. In January this year, a total of 1 635 tractors, 16 combine harvesters and other farming implements, including boom sprayers, valued at US$66 million, were commissioned in Harare by President Emmerson Mnangagwa and his Belarusian counterpart Aleksandr Lukashenko.…

RIOZIM’S gold production for the year ended December 31, 2022 declined by 17 percent to 929kg from 1 122kg produced in the prior year as the group’s optimisation of its BIOX plant was blighted by power outages. In a statement accompanying audited financial results, RioZim chairman Saleem Beebeejaun said subsequent to the commissioning of the…

ECONOMIC experts have raised fresh alarm over the worsening volatility of the Zimbabwe dollar and the escalating re-dollarisation of the economy. Speaking to The Financial Gazette this week, they also called for all domestic transactions to be done in Zim dollars, while urging the government to tame its own huge appetite for the greenback to…

EXPERTS have warned that arbitrage opportunities stemming from Zimbabwe’s currency discrepancies and a confidence deficit stand in the way of the success of the reserve bank’s planned digital gold tokens. This comes as the central bank is set to issue gold-backed digital tokens next week to complement the issuance of physical gold coins, which have…

OCCUPANCY at hotels in Victoria Falls was up by three percentage points over the Easter holidays, the Hospitality Association of Zimbabwe (HAZ) has said. The tourism industry in Zimbabwe has been growing steadily over the years and efforts are being made to improve infrastructure and attract more visitors to boost the sector’s contribution to the…