AUTHORITIES say the stability-inducing forex auction continues to spur revival of production in the economy — with capacity utilisation expected to reach 60 percent by year-end — as industry continues its push towards yesteryear productivity levels. The forex auction has been credited with taming the once rampant black market, which for many years triggered skyrocketing…
AMID decades of Zimbabwe’s persistent currency woes — which have left the country’s financial system in disarray — the Zimbabwe Stock Exchange (ZSE) has remained steadfast as a hedge of last resort, and a monument of hope. As the nation commemorates the contributions of its heroes and defence forces, to many, it is a point…
ZIMBABWE put forward a National Renewable Energy Policy in 2019, with the aim to have 16.5 percent of the total generation capacity from renewable sources by 2025. A number of Independent Power Producers (IPP) have taken a keen interest in the sector including SolGas Energy, which was started by young entrepreneurs. This week The Financial…
THE Old Mutual (OM) Exchange Traded Fund’s (ETF) year-to-date returns closed July at 100 percent, 17 percentage points behind its benchmark — the Zimbabwe Stock Exchange (ZSE) Top 10 Index. An ETF is a security that tracks another asset, index, sector or commodity, but which can be purchased or sold on an exchange the same…
As the Covid-19 pandemic continues to ravage the globe, everybody has had to play their part in flattening the curve and reducing the impact of the virus. Businesses have not been spared the brunt of the pandemic’s effects. With the advent of the Delta variant, staying safe and, in particular, vaccinating against the coronavirus is…
AUTHORITIES are ramping up efforts to further stabilise and grow the economy by implementing a raft of new measures aimed at stimulating investments, including the ease-of-doing business climate in the country. Speaking to The Financial Gazette this week, the chief executive of the Zimbabwe Investment Development Agency (Zida), Douglas Munatsi, said authorities were determined “to…
FROM a global perspective, many factors have played a role in shaping the outcomes of the pandemic including how early the outbreak happened, the readiness to respond, the need for lockdowns and the degree of economic support provided to the economy through fiscal and monetary interventions. The good news is that the pace of vaccination…
THE Zimbabwe Stock Exchange’s (ZSE) market capitalisation grew by $55 billion in July to close at a record $819 billion as the local bourse’s rally continued, driven by high inflation. The benchmark All Share Index extended its year-to-date gains to 159 percent after putting on 9,3 percent during the month to end at 6 818,29…
BUSINESS says the upgrade of the country’s road infrastructure and modernisation of Beitbridge Border Post will restore Zimbabwe’s regional competitiveness in the cargo transit sector. Speaking at the Shipping and Forwarding Agents Association of Zimbabwe (SFAAZ) 15th annual conference last week, chairperson Godfrey Muswere said the developments came at an opportune time. Muswere said the…
FINANCE minister Mthuli Ncube says banks in Zimbabwe maintained a cautious lending approach during the first quarter of 2021, continuing with a stance adopted last year amid high inflation. In his mid-term budget review last week, Ncube said even though the sector’s loans-to-deposits ratio had increased to 43,53 percent by March from 39,5 percent at…
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