THE government says it remains committed to ensuring private sector participation in aviation infrastructure development. This comes after the commissioning of the US$153 million Robert Gabriel Mugabe International Airport expansion programme earlier this year. “The (Transport) ministry is committed to providing an enabling environment for private sector participation in the development of our infrastructure. “This…

THE Zimdollar (Z$) will experience double-digit depreciation next year and the local economy will remain highly dollarised, a leading researcher has said. Confidence in the local currency has taken a knock, with the domestic unit losing more than 80 percent of its value versus the US dollar on the official market. In its Africa Outlook…

AMID rising local use of the greenback, many companies are increasingly reporting their financials in US dollars or seriously considering doing so going forward. Experts who spoke to The Financial Gazette this week said while this was giving more meaning to published statements, it also highlighted the many challenges that faced the government in its…

LOCAL companies expect the operating environment in Zimbabwe to remain challenging in the medium term on the back of declining disposable incomes amid persistent currency volatility. Companies listed on the Zimbabwe Stock Exchange and the Victoria Falls Stock Exchange said the third quarter of the year was characterised by liquidity constraints, as banks and major…

ZIMBABWE’S platinum output is estimated to have increased by 11 percent, year-on-year, during the third quarter of 2023, reaching 129 000 ounces (oz), an all-time high, according to the World Platinum Investment Council’s (WPIC) latest report. The growth came from Zimplats, which realised additional volumes from its new concentrator plant. “Output from other producers, Unki…