ZB Financial Holdings (ZB) says it anticipates the current tight monetary policy, use of gold coins and effective monitoring in the financial sector by the authorities to go a long way towards promoting stability in the economy. This year, the government introduced a raft of measures as a way of dealing with the exchange rate…
THE Public Accountants and Auditors Board of Zimbabwe (PAAB) has decided on the early adoption of the International Financial Reporting Standards (IFRS) sustainability disclosure standards to be issued by the International Sustainability Standards Board (ISSB), Finance minister Mthuli Ncube has said. The ISSB is a standard-setting board that was established by the IFRS foundation in…
OLD Mutual Zimbabwe’s corporate incubator and accelerator in Harare, Eight2Five Innovation Hub has collaborated with the US Embassy to bring an American venture capital expert, Dawn Batts, to upskill local entrepreneurs and start-ups on investor relations. Venture capital is a form of private equity and a type of financing that investors provide to start-up companies…
CBZ Holdings (CBZ) says it is committed to helping the agriculture sector navigate the impacts of the new wave of digital transformation, which is creating serious disruptions in the business world. The world is currently experiencing a shift to digitalisation and this has affected the usual flow of things as businesses are battling to catching…
ECONOMIC think tank, Zimbabwe Institute of Strategic Thinking (ZIST) will this week host bankers, captains of industries, heads of parastatals and other government leaders in the resort town of Kariba for an indaba themed around the use of strategy in economic development. The conference will run under the theme ‘Leveraging strategy to propel Zimbabwe to…
PIPING products manufacturer Proplastics says owing to efficiencies realised from plant modernisation efforts, gross profit margins for the nine months ended September 30, 2022 improved compared to the prior year. In a trading update, chairman Gregory Sebborn said profitability, which was hampered by exchange losses resulting from overdue payments to foreign creditors in the first…
CAFCA increased its full-year historical operating profit by 408 percent, but the country’s largest cable manufacturer warned of a challenging operating environment as monetary policy tightens. Zimbabwe’s annual consumer price inflation declined to 268,8 percent in October 2022 from 280,4 percent the previous month following strict monetary policies put in place by the government and…
ZIMBABWE’S milk production was up by 16 percent to 75 million litres during the 10 months to October 2022, latest figures from the Agricture ministry’s dairy services department show. Milk intake by processors was up 14 percent during the period to 67,63 million litres from 59,14 million litres in the comparable period last year. Consequently,…
CLIMATE change remains a major source of concern for the agriculture sector as it continues to hit farm productivity, a new survey shows. According to the Agriculture Sector Survey of 2022 released this week, 100 percent of stakeholders interviewed confirmed that over the past few years, climate change has had a significant impact on productivity.…
AUTHORITIES need to incentivise private sector financing for agriculture to bridge the yawning funding gap which has hampered the growth of the pivotal industry over the past few years. This is a key finding of the 2022 Zimbabwe Agriculture Sector Survey, which is a brainchild of the Zimbabwe Agricultural Society (ZAS) and the country’s number…
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