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…
PLAYERS in the construction industry in Zimbabwe say the government should implement policies that encourage the collaboration of foreign and local companies on infrastructure projects. This comes as there has been a construction boom across the entire construction value chain, with countless economic spillover effects on other areas of the economy. “Government must prioritise locals…
ZIMBABWE is now ready to adopt the smart cities concept that optimises city functions and promotes economic growth, while also improving the quality of life for citizens by using smart technologies and data, a leading investment firm has said. Global Renaissance Investments, which is organising an international smart cities conference in Dubai, United Arab Emirates,…
Liverpool and Chelsea laid their respective Premier League struggles bare for all to see in a bitterly disappointing stalemate at Anfield. The two giants, who have been in constant pursuit of major prizes in recent seasons, are currently locked well outside the top four – and how it showed in a dismal game almost devoid…
THE Zimbabwe Economic Society (ZES) says the multi-currency system should exist until 2030 to enable independent power producers to repay investors, lenders and equity players. While the government has insisted that the multi-currency will be in place during the National Development Strategy 1 (2021-2025) period, experts have previously cautioned authorities over policy inconsistency. “We have…
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