IN last week’s article, I discussed the importance of estate planning and the importance of engaging a legal practitioner to navigate all the issues connected with optimizing the administration of one’s assets. This week, I will expand the conversation by looking at questions that are frequently asked by clients as well as the duties of…
THE Infrastructure Development Bank of Zimbabwe (IDBZ) says it is this year working with relevant government ministries to issue US$25 million for financing both new and current irrigation infrastructure. IDBZ manager for infrastructure projects, Alex Mashonganyika, said the bonds would make up the bank’s intervention in the irrigation infrastructure space for the year. “We are…
ZIMBABWE has set a new target to produce 109 million litres of milk this year after surpassing last year’s target of 90 million litres. According to an Agriculture ministry official Addmore Waniwa, the country recorded increased herd growth and improved on-farm feed production, which saw production going up by15 percent to 91,31 million litres in…
THE Zimbabwe Economics Society (Zes) says the government should put in place measures that promote foreign remittance inflows. Diaspora cash remittances are a vital source of foreign currency liquidity for the country’s and an important source of household incomes. “It is quite evident that remittances are playing an important role in reducing the liquidity constraints…
IT HAS emerged that ZB Financial Holdings (ZBFH) is among the leading bidders for Standard Chartered Bank Zimbabwe (Stanchart), with discussions between the two parties believed to be now at the level of the evaluation of the former’s offer. This comes as sources have told The Financial Gazette that ZBFH also approached Standard Chartered Bank…
THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) says it has made an application with the Zimbabwe Energy Regulatory Authority (Zera) for another power tariff review. It comes as the state power utility has had to increase imports due to decreased domestic generation capacity. “Let me say that we have made an application to Zera,…
ZIMBABWE Association of Micro Finance Institutions (Zamfi) says the central bank needs to speedily implement the collateral registry system to improve credit access for small businesses. The system, which allows for the securitisation of movable property, has been in the making since 2017 and is part of the central bank’s financial inclusion agenda. The Collateral…
AGRICULTURE experts say there is a need for sustainable investment solutions to fund small-holder irrigation development, as the sector is struggling to produce viable long-term projects. This comes as the government is seeking to increase land under irrigation from the current 193 000 hectares to at least 350 000 hectares , as climate change-induced droughts…
ZIMBABWE’S consumer spending on services has been growing largely due to increased activity in the economy, a top economist has said. This comes as the majority of listed companies have been reporting improved sales volumes, despite a challenging operating environment. “The other sector that is also expanding is consumer spending and the services industry. Our…
MINING expert and Premier African Minerals chief executive, George Roach has hailed the government’s ban on raw lithium exports saying the mineral should benefit the country. Last month, Mines minister Winston Chitando banned the exports of raw lithium as the country was getting minimal benefits. “… we are completely committed… to make sure that we…
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