ZIMBABWEAN local authorities have been urged to embrace innovative fundraising tools available in capital markets to address the nation’s crumbling infrastructure. Efforts to improve the quality of roads, power supply, and basic services are seen as central to the country’s economic growth. “Evidence from other economies clearly demonstrates that capital market financing is instrumental in…
ZIMBABWE’S construction sector is entering the second quarter with considerable momentum, backed by a series of infrastructure projects poised for commencement, according to industry players. The upbeat outlook aligns with governmental projections, which forecast a 3,4 percent growth in the construction sector for the current year, dovetailing with the national ambition to erect 220,000 housing…
CFI Holdings (CFI) says local procurement of raw materials has significantly increased its productivity and helped it save its much-needed foreign currency after cutting down foreign-sourced supplies to less than 20 percent of total procurement. In the aftermath of the Covid-19 pandemic, local businesses have been reluctant to procure raw materials from foreign suppliers owing…
THE Montclair Hotel, a sprawling complex tucked into the misty Nyanga highlands, seemed to murmur with echoes of an era gone by. General manager Brian Nyakutombwa, impeccably dressed and with a thoughtful air, traced the hotel’s seven-decade journey as he sat in the wood-paneled lobby. “This place,” he began, a note of fondness in his…
LOCAL financial institutions should proactively adopt green mortgages as a distinct product offering to promote climate action, a local property company has urged. A green mortgage is a preferential lending scheme offered by a bank or lender to a buyer who can demonstrate that the property they are borrowing for meets certain environmental criteria. This…
LIQUIFIED Petroleum Gas (LPG) consumption in Zimbabwe was up by 10,36 percent in 2023 to reach 66,1 million kilograms, highlighting the nation’s reliance on alternative energy in the face of worsening power blackouts. The surge in LPG usage, driven primarily by industrial and residential demand, suggests that power cuts are hindering economic activity. Peak consumption…
THE Zimbabwe Revenue Authority (ZIMRA) introduced the Tax and Revenue Management System (TaRMS) as part of their strategy to transform the administration of taxes by using a system that simplifies registration, enhances online services and automates compliance checks. The efforts to enhance tax administration and compliance can also be enhanced through the use of Artificial…
MARCH is Women’s Month, a time to celebrate the achievements and resilience of women across the globe. In the challenging world of finance, women are rising to meet complex economic situations and create innovative solutions. In this interview, The Financial Gazette’s Mishma Chakanyuka (MC) caught up with one such woman, the director-general of the Zimbabwe…
THE Zimbabwe Revenue Authority (Zimra) has reported a collection of $4 trillion in tax revenue so far this year, expressing confidence in meeting its quarterly target of $7 trillion by the end of the month. This development comes as Zimbabwe’s resource mobilisation strategy is currently focused on the ordinary citizen due to low domestic output,…
IT’S my view that the marketing people at M-B have over-used the AMG moniker by applying it to some fairly ordinary models by way of trim differentiation, so it was with more than a measure of anticipation that I welcomed the arrival on my driveway of the real deal, the AMG A35 Saloon. The “35”…
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