ZIMBABWE’S insurance industry must focus on innovation and tailored products to bring up the country’s penetration, according to Old Mutual Zimbabwe group chief executive Samuel Matsekeke. Zimbabwe’s insurance penetration has remained stubbornly low, currently below two percent. “If we compete and focus on competing, we are competing on a smaller cake. I think there is…

INDEPENDENT national television station, 3Ktv — which celebrated a full two years of non-stop live broadcasting yesterday — is proving to be a major boon for marketers. Zweli Sibanda — the managing director of Jester Media Services’ (JMS) Broadcasting Division — told The Financial Gazette yesterday that 3Ktv had become “a trendsetter in terms of…

ZIMBABWE’S capacity utilisation target of approximately 60 percent for 2024 is likely to be missed due to a host of economic challenges, according to M&J Consultants (M&J). Finance minister Mthuli Ncube, had previously projected an average capacity utilisation of 60 percent for 2024, citing expected price and exchange rate stability, improved electricity supply, and increased…

FOSSIL Group has called upon Zimbabwean companies to shift their focus from arbitrage-based profit-making to more fundamental business practices, given the currency risk environment. In a conversation with The Financial Gazette at the 2024 Young CEO’s Business Forum (YBF), Fossil Group’s chief executive, Obey Chimuka, highlighted the primary challenges businesses are grappling with, including currency…