ZIMBABWE National Chamber of Commerce (ZNCC) says the re-opening of land borders comes as a relief for local firms that were facing rising costs in sourcing key raw materials and consumables from the region. Though the country’s land borders with Botswana, Mozambique, Zambia and South Africa remained open for commercial traffic, companies witnessed significant downtime…
ZIMBABWE’S largest financial services group, CBZ Holdings (CBZ), is planning to introduce a Real Estate Investment Trust (REIT), after the successful launch of its Exchange Traded Fund (ETF) last week. REITs are companies that own or finance income-producing real estate, which have to meet a number of requirements, and offer a number of benefits to…
ZIMBABWE, through the Department of Veterinary Services (DVS), and with support from the Food and Agriculture Organisation (FAO) and the European Union (EU), has launched a 10-year integrated national ticks and tick-borne disease control strategy. Tick-borne diseases (TBDs) are responsible for huge economic losses in cattle assets and farm savings in Zimbabwe. They account for…
NUFERT says it can produce up to 20 000 tonnes of its eco-friendly fertiliser, EcoBlack Urea, as the country battles to ease the current production deficit of about 210 000 tonnes of top dressing fertiliser. Zimbabwe currently uses mainly ammonium nitrate for top dressing but supplies have had to be augmented by imports to meet…
THE government is targeting 75 000 hectares for wheat production during this year’s winter cropping season, raising prospects of a higher output compared to last year’s harvest. In a post-Cabinet briefing on Tuesday, Information minister Monica Mutsvangwa said the targeted hectarage, which will be sponsored by CBZ Agro-Yield, AFC Land Bank and the private sector,…
TRADE development and promotion body, ZimTrade, says it intends to speed up the growth of horticulture exports through opening new clusters in Masvingo and Manicaland. This comes as ZimTrade recently opened an office in the eastern region in response to strong ongoing and potential trade activities in the two provinces. “To ensure speedy growth of…
THE Zimbabwe Integrated Commercial Farmers Union (ZICFU) says the government, through the Reserve Bank of Zimbabwe (RBZ), should review tobacco farmers’ foreign currency retention threshold to 100 percent from 75 percent ahead of the tobacco marketing season. ZICFU president Maiwepi Jiti said the financing models for tobacco and a refinement of the export retention thresholds…
AS THE world continues to embrace digital platforms as a way to improving business efficiency, The Financial Gazette News Editor Tendai Kamhungira (TK) sat down with a leading Zimbabwean digital transformation specialist and ICT consultant, Dennis Magaya (DM) to speak on the impact of digitalisation on business productivity, employment and the economy. Magaya is the…
ZIMBABWE’S Total Consumption Poverty Line (TCPL) went up by seven percent in February from $8 495,58 to $9 144 per person, recent Zimbabwe National Statistics Agency (Zimstat) figures show. The TCPL represents the amount required by an individual to purchase both non-food and food items in order not to be deemed poor. “The Food Poverty…
Resignation is a common occurrence. The reasons vary widely. This week, however, I will deal with employees looking to resign with immediate effect. The reasons for this, too, are many. One of the more common reasons is that the employee is faced with imminent disciplinary proceedings and, rather than risk dismissal and blemishing their record,…
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