THE year 2021 was another exciting year for investors on the Zimbabwe Stock Exchange (ZSE) as most made some good returns. The way to make money on our markets has indeed been to bet on recovering and well-managed businesses. Other moves such as “following big and smart money” (copy-cat strategy) have also paid off. We…
IN A year many thought would see a return to “normalcy” on the Zimbabwe Stock Exchange (ZSE), indiscriminate hedging continued on the local bourse, as inflation remained high. The stock market, which has rallied on inflation for over half a decade, gained more than 270 percent in 2021, as the country’s inflation maintained a top-three…
THE World Organisation for Animal Health (OIE) has urged member states, including Zimbabwe, to avoid use of antibiotics on livestock, but manufacture their own vaccines to curb the rising threat of antimicrobial resistance (AMR). According to authorities, the misuse and overuse of antibiotics can lead to the development of a resistant bacteria, which is a…
THE Reserve Bank of Zimbabwe (RBZ) says it is concerned about local banks’ disproportionately masculine loan books, while women struggle to access financing. This comes as the central bank has been implementing a four-year National Financial Inclusion Strategy 1 (NFIS 1) since 2016, in a bid to enforce equitable access and usage of financial services…
ZIMBABWE Women’s Microfinance Bank (ZWMB) is targeting to increase its presence in remote areas to fill the void left by banking institutions vacating those areas. ZWMB was opened in 2018, as one of many financial inclusion measures efforts by the government. In an interview recently, ZWMB chief executive Mandas Marikanda said the bank has entered…
THE Zimbabwe Farmers Union (ZFU), says it has been proved that through inclusive planning and execution of the Agricultural Recovery Plan, Zimbabwe can realise food and nutrition sufficiency in the shortest possible time. The Agriculture Recovery Plan (2020-2023) was developed by the government to engender its envisaged agricultural transformation agenda aimed at six outcomes: food…
THE tourism industry witnessed yet another bad year owing to disruptions caused by the Covid-19 pandemic over the past 21 months. Tourism is one of the country’s biggest foreign currency earners, contributing around six percent to Zimbabwe’s gross domestic product (GDP). According to official statistics, tourism’s contribution to GDP however, decreased from 5,8 percent in…
INFORMATION Communication Technologies (ICT) minister Jenfan Muswere says the government will intensify the use of technology to facilitate economic growth by ensuring the entire country is connected to the Internet. ICTs this year emerged as one of the fastest growing industries due to the Covid-19 pandemic, as companies and educational institutions resorted to remote working…
AFRICAN Risk Capacity (ARC) Limited (Ltd) recently held a retreat in Victoria Falls, which brought together member states from across the continent and global partners. The Financial Gazette’s Senior Staff Writer, Farai Mabeza (FM) caught up with the ARC’s chief executive, Lesley Ndlovu (LN), soon after the retreat to learn more about ARC and its…
The Confederation of Zimbabwe Retailers (CZR) has urged businesses to incorporate and embrace digitalisation in their models to enhance customer experience. CZR president Denford Mutashu said in these “new normal” times it was important for retailers to embrace digital platforms and promote online presence. “I understand that many retailers in the country have implemented technology…
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