DELTA Corporation (Delta) says it is using internal resources to fund the production of raw materials by local farmers. The company runs farming schemes for the production of brewing cereals ― barley, sorghum and maize ― and supports farmers with inputs, skills, infrastructure and funding. “How are we funding agriculture? Straight from our pocket to…
ZIMBABWEAN short-term insurers’ aversion to money markets due to sub-inflationary returns is putting a strain on the sector’s liquidity, latest industry reports show. In its report for the half-year ended June 2022, industry regulator Insurance and Pensions Commission (IPEC) said while liquid assets in the form of cash and cash equivalents, money market instruments and…
ALL is set for the Sanganai/Hlanganani World Tourism Expo set for October 13 to 15, 2022 in Bulawayo.
MASHONALAND Holdings (Mash Holdings) says the property market remains hamstrung by lethargic demand across all sectors of the market owing to low economic activity in the economy. The property investment and development firm said whilst the Covid-19 restrictions eased during the half year ended June 30, 2022, the prevailing global headwinds and internal fiscal and…
OK ZIMBABWE (OK) says it plans to acquire a complementary business as part of its mooted reorganisation. The retail giant also recently announced plans to wean off some of its business units into separate entities. “The company is engaged in negotiations for a potential transaction involving the acquisition of a complementary business which , if…
THE Victoria Falls Stock Exchange (VFEX) says it is aiming to increase retail investor participation with its recently launched online trading platform. Retail investors are non-professional market participants, who generally invest smaller amounts than larger institutional investors, who have historically dominated the local capital market. Since the launch of the US dollar-denominated market in 2020,…
The introduction of gold coins attracted the attention of consumers, business people, and investors. Featuring high in the discussion is whether these can curb inflation that seems to be spiralling out of control or are a form of investment but still some people are not sure what they represent and have no confidence in them.…
THE five Exchange Traded Funds (ETFs) on the Zimbabwe Stock Exchange (ZSE) have all maintained positive returns despite the bourse recording losses for four consecutive months. ETFs follow the performance of a certain security or group of securities, providing the advantages of diversified investment portfolios with lower barriers of entry. The ZSE’s losing streak extended…
BUSINESS has reaffirmed its support for the ongoing efforts by the government to address the country’s economic challenges, while urging authorities to continue doing so without denting investor confidence. Speaking to The Financial Gazette this week, captains of industry and commerce said while some key economic metrics were already pointing “in the right direction”, many…
THE recently launched US$30 million horticulture revolving fund has seen renewed optimism in a sector that holds a lot of promise, but has been battling inclusivity issues and is in need of new markets. The government has identified horticulture as a key agriculture sub-sector, with substantial potential for successful production across all agro-ecological regions. The…
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