ZIMBABWE legalised industrial hemp farming in 2019 before promulgating a statutory instrument guiding its production in 2020. At least 26 producers are currently licensed to produce the crop in Zimbabwe. Our Senior Staff Writer Farai Mabeza (FM) caught up with Agriculture Marketing Authority (AMA) chief executive Clever Isaya (CI) to talk about progress that has…
INTERNET access provider Dandemutande’s chief executive, Never Ncube, says the telecommunications sector is engaging relevant authorities to find ways of lowering costs of doing business. This, if agreed, to would lower the costs of accessing services by customers. “A lot of behind-the-scenes work is being done to ensure that data becomes affordable. The problem that…
ZB FINANCIAL Holdings Limited’s (ZB) inflation adjusted operating costs rose to $9,4 billion in the half year to June 2022, a 58 percent increase from $5,9 billion recorded in the prior year. The increase largely emanated from the upward pressure on cost structure resulting from the prevailing inflationary environment during the period under review. Net…
STANDARD Chartered bank says it is committed to digitilisation and partnerships to reinforce the financial institution’s competitive advantage. In a statement accompanying the bank’s financial results for the half year to June 30 2022, the financial institution’s chief executive, Mubayiwa Mubayiwa, said Standard Chartered had accelerated its digital strategy to fully automate service provision capabilities…
ACCORDING to the World Bank’s 2021 Global Findex Database report, the share of adults making or receiving digital payments in developing economies grew from 35 percent in 2014 to 57 percent in 2021. While many Zimbabweans are familiar with the ability to send money from the diaspora into Zimbabwe, few are aware that it is…
THE Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, says the country’s trade in services is recovering from the Covid-19 shock, with travel, passenger transport, and other vital services beginning to trend up. In his recent mid-term monetary policy statement, the governor said services exports increased from $102,5 million in the first half of 2021…
Agriculture has been the backbone of the Zimbabwean economy for a significant amount of time now. Oddly enough, over the years it has seen considerably less investment than mining, which is the other major leg that the Zimbabwean economy stands on. In this article, I would like to draw attention to the need to invest…
VALUE Added Tax (VAT) is an indirect tax on consumption, charged on the supply of taxable goods and services as well as on importation of goods and services. It is levied on transactions rather than directly on income or profit. The VAT payable is the difference between output tax and input tax. Output tax is…
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya expects both parallel market foreign currency rates and inflation to continue declining markedly in the coming weeks and months. This comes after authorities recently introduced a battery of new fiscal and monetary policies — including the introduction of gold coins as an alternative store of value and…
THE Victoria Falls Stock Exchange’s (VFEX) All Share index gained 7,72 percent to 115,4 points during the second quarter ending June 30, 2022 from 107,1 points the previous quarter, the Reserve Bank of Zimbabwe (RBZ) has said. Presenting the mid-term monetary policy recently, RBZ governor John Mangudya said during the second quarter of 2022, the…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More