SEED Co says it is linking horticulture producers with local and export markets as it expands activities in that sector. The company’s general manager for the vegetables unit, Felistus Ndawi, told The Financial Gazette that horticulture, unlike the production of field crops such as maize and wheat, required more market support. “When it comes to…
GLOBAL Renaissance Investments (GRI) says Zimbabwe has an opportunity to draw lessons from the African Smart Cities Summit in Johannesburg, South Africa next month. The annual conference, to be held from June 26 to 30 in the neighbouring country, explores how smart cities can deliver a quality life and enable economic growth through the Internet…
THE Zimbabwe Revenue Authority (Zimra) says the tax rates in the country are modest compared to other countries within the region and beyond. This comes as taxpayers in the country have complained about excessive taxation, with some bemoaning double taxation in some cases. “If we look closely, Zimbabwe is very competitive in tax rates. On…
THE minister of Agriculture, Anxious Masuka, says the government anticipates a winter wheat harvest of 408 000 metric tonnes (MT) this year, compared to the 375 000 MT achieved last year, with nearly 72 000 hectares (ha) of winter wheat already planted. This comes as the government has ringfenced water and electricity supplies for winter…
THE increasingly noticeable lack of congruence between the country’s fiscal and monetary authorities is becoming a significant issue for organised business. This comes as the minister of Finance, Mthuli Ncube’s latest policy interventions to shore up the volatile Zimbabwe dollar have received mixed reactions from captains of industry and commerce. Ncube’s broad fiscal and monetary…
FIDELITY Life Assurance (Fidelity) is leaning on its Malawi unit as a hedge against Zimbabwe’s risk profile. In a trading update for the first quarter ended March 31, 2023, Fidelity said the life and pensions business component in Malawi complemented the growth in the group’s overall business growth. “…and as a foreign asset (it) is…
CAPTAINS of industry and economic experts have thrown their weight behind Zesa Holdings (Zesa)’s campaign for cost-reflective power pricing in Zimbabwe, saying this will boost the state power utility’s viability and assist alleviate the country’s electricity woes. Zimbabwe has over the years experienced severe power shortages due to insufficient local generation and Zesa’s inability to…
THE government says it has met its target for the Robert Gabriel Mugabe International Airport expansion project, with tenants expected to start occupying the space in two weeks, an official has said. Work at the US$153 million expansion and upgrading of the terminal at the RGM International Airport is expected to be completed by…
MASHONALAND Holdings (Mash Holdings) says it remains focused on implementing its portfolio diversification strategy to sustain growth. The property investment and development firm said the occupier sub-market continues to suffer from high voids in the CBD office sector due to sluggish economic activity. Zimbabwe has been experiencing a challenging economic environment coupled with liquidity constraints,…
Khayah Cement, formerly LaFarge Cement, says it is optimistic of a much-improved performance as the year progresses, on the back of management actions and investments carried out in the first quarter of 2023. This comes as the cement maker has been undergoing a business transition following the exit of Associated International Cement Limited in November…
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