ZIMBABWE is this year looking at a promising agriculture season after two consecutive years of drought. The Financial Gazette’s Staff Writer, Farai Mabeza (FM), speaks to Agriculture minister, Anxious Masuka (AM), on government preparedness and plans for the sector. Below are the excerpts of the interview. FM: Zimbabwe looks set for a good harvest this…
The Telecommunications industry has been witnessing remarkable growth and transformation in the past few decades, and this trend is expected to continue in the future. The progressing business models, efficient policy changes coupled with effective implementation are the need of the hour as they play a fundamental role in the sustenance, promotion, and growth of…
AS ZIMBABWE’S economy continues to recover, industry has implored authorities to intensify policy interventions which have boosted business over the past few months. Speaking last week at the launch of the Confederation of Zimbabwe Industries’ (CZI) 2020 manufacturing sector survey report, business leaders also said it was very important that the government sustained the current…
THE Reserve Bank of Zimbabwe (RBZ) says a national collateral registry, which it is setting up to allow the securitisation of movable property, will be operational by year-end after it identified a software provider. In December last year, Finance minister Mthuli Ncube said the software procurement had been disrupted by the Covid-19 pandemic. “The bank…
THE retail industry has predicted a subdued first quarter performance this year due to disruptions caused by the Covid-19 pandemic and a reversion to the strict lockdown which curtailed business activities. This comes as economic activity in the country has begun to increase following a relaxation of the restrictions by government. At the same time,…
FOREIGN currency shortages and lack of capacity have held back independent power producers (IPPs), denying Zimbabwe an additional 7 000 megawatts (MW) at a time the country is relying on imports from South Africa and Mozambique, Parliament heard last week. Presenting a report on the state of IPPs in Zimbabwe, chairperson of the Portfolio Committee…
THE private sector has received the greenlight to import Covid-19 vaccines for its workforce through the National Vaccine Procurement Fund, Cabinet has announced. Information minister, Monica Mutsvangwa, made the announcement to the media after cabinet this week as she spelt out the guidelines to be used in the procurement and administration of the vaccines. “Following…
AGRO-INDUSTRIAL group, CFI Holdings, recorded a 73,2 percent inflation-adjusted revenue growth for the first quarter of its financial year ending December 31, 2020, on the back of firm demand during the period due to the above average rains received in the country. In a trading update for the quarter, the company said sales volumes in…
GOLD deliveries to Zimbabwe’s sole buyer of bullion Fidelity Printers and Refiners (FPR) amounted to 130, 9 tonnes over the past five years, the company’s general manager Fradreck Kunaka said. Speaking during an investor’s webinar held under the theme “Status of Zimbabwe’s Gold Sector: 2021 Gold Target,” organised by The Financial Gazette, Kunaka said smaller…
THE government’s continued support of the agriculture sector is creating an unsustainable cycle of subsidies and crowding out industry players from financing farmers, a business official has said. Following successive droughts and years of falling output, the government has initiated several farmer support schemes to lower the cost of farming but Graeme Murdoch, the operations…
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