DIGITAL solutions hold the key to achieving financial inclusion, which is critical for the country’s ambition of becoming an upper middle-income economy by 2030, Information minister Monica Mutsvangwa has said. Speaking after a Cabinet meeting on Tuesday, Mutsvangwa said ICT minister Jenfan Muswere had updated Cabinet on technology-based interventions which the government, through the Postal…
ACTING Zimbabwe Revenue Authority (Zimra) Commissioner-General Rameck Masaire (pictured inset), says the tax collector’s focus next year will be to expand its revenue base by targeting the informal sector. In an interview on the sidelines of an event to mark Zimra’s 20th anniversary held in the capital recently, Masaire told The Financial Gazette that there…
THE state of economies is usually measured by the Gross Domestic Product (GDP) or other metrics of economic flows. By definition, GDP is the standard measure of the value added, created through the production of goods and services in a country during a certain period. As such, it also measures the income earned from that…
BANKS in Zimbabwe have started to see a rise in interest income, driven by an increase in lending following a long spell of “cautious” deposit management and a disproportionate reliance on non-funded income. This comes as the banking sector’s aggregate loan-to-deposit ratio has been increasing, from below 50 percent in 2019 to around 80 percent…
AUTHORITIES must ramp up efforts to improve Zimbabwe’s business climate to boost both local and foreign direct investment (FDI), business and economists say. This comes as FDI inflows into the country have declined markedly overall in the past two decades — recording a 62,4 percent drop in 2019 to US$280 million, and a further 30,7…
ZESA Holdings (Zesa) says electricity challenges are set to ease during the festive season, after the power company completed the refurbishment of three units at Kariba South Hydro-Power station. This comes as the country is currently facing a crippling power crisis, which recently saw Zesa announcing a load shedding schedule, which has resulted in some…
IN this week’s piece, I am expanding on the legal principles applied in the case of Mbatha v Zizhou & Ors HH 675/21. In that case, a plaintiff sought damages for physical and psychological injury caused by sexual harassment in the workplace. To begin with, what are damages anyway? Damages in law refer to a…
SUGAR producer Hippo Valley Estates (Hippo Valley) is mobilising funds to complete expansion works on its 4 000 hectares cane development project. The project, being pursued by the sugar producer, the government of Zimbabwe and local banks, is expected to expand sugar cane plantations in Triangle and Hippo Valley estates in Chiredzi. In a statement…
TRADE promotion body, ZimTrade, says South Africa (SA)’s Limpopo Province provides Zimbabwe with huge export opportunities for its products and services, as the country seeks to expand its trade base. This comes after the trade body recently conducted a survey in the neighbouring country, which happens to be the country’s biggest trading partner. Zimbabwe exported…
ZIMBABWE recorded a US$20 million trade surplus with South Africa (SA) during the nine months to September 2021, compared to a deficit of US$232 million during the same period last year, latest Zimbabwe National Statistics Agency (Zimstat) data shows. It comes as trade between the two countries has continued to improve despite restricted movement of…
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