ARISTON Holdings (Ariston) recently took a strategic decision to focus on growing local sales in order to protect thinning margins from export proceeds surrendered to the Reserve Bank of Zimbabwe, a company executive has said.The agro-industrial firm, in its trading update for the first quarter ended December 31, 2024 said the 25 percent surrender of…
THE CEO Roundtable board has urged the government to abandon its “flawed” dedollarisation strategy, warning that it could deter investors and exacerbate the funding gap in the market.Last year, the government approved a dedollarisation roadmap to phase out the multicurrency system and transition to a single currency by 2030. This strategy was introduced following the…
THE accreditation of a local credit rating agency in Zimbabwe is set to enhance access to both local and global capital funding for the country and businesses through its risk assessment services, experts say.Last month, the Reserve Bank of Zimbabwe (RBZ) accredited ICRA Zimbabwe as an official local credit rating agency after it met regulatory…
THE horticulture sector has demonstrated resilience, recording an increase in the total area planted despite unfavourable weather.This growth has been largely driven by the inclusion of smallholder farmers in both local and international fresh produce markets.Last week, the Minister of Agriculture, Anxious Masuka, reported to the cabinet that the total area planted under horticulture had…
CALEDONIA Mining Corporation (Calidonia) is advancing its modernisation strategy to upgrade systems and integrate new technology, transforming its operations into a “data-driven”, smart mine.This comes as mining companies in Zimbabwe are increasingly adopting advanced technologies such as sensors, data analytics, and automation to develop “smart mines”.These innovations aim to boost productivity, enhance safety, and reduce…
WILLDALE Limited (Willdale) expects the new measures by the government to tackle the widespread informalisation of the economy to level the playing field with its competitors and subsequently boost its waning sales volumes.The brick making company has lost significant market share due to uneven competition from low-cost common bricks from unregulated informal competitors.In his 2025…
OVER 260 youth from across the African continent, including four Zimbabwe participants, are set to benefit from a wealth of investment opportunities at the upcoming African Youth Leadership Diplomatic Conference…
THE country’s ongoing power outages have severely hampered the growth of the information and communication technology (ICT) sector, driving up costs as consumers look for alternate energy sources, a senior government official has said.Speaking at the CEO Africa Roundtable breakfast meeting recently, ICT deputy minister, Dingumuzi Phuthi said as a result players in the sector…
THE Reserve Bank of Zimbabwe (RBZ) has been urged to align interest rates on savings and time deposit accounts with annual inflation rates to revive the country’s savings culture.In its latest Monetary Policy Statement, the central bank raised interest rates for savings accounts from 3,5 percent to five percent for ZiG and from one percent…
THE Insurance Council of Zimbabwe in liaison with the Civil Protection Unit has vouched to provide ex-gratia assistance for funeral and medical expenses incurred by the victims of the Beitbridge road traffic accident.Yesterday, a head-on collision between a bus and a commercial truck claimed the lives of 24 people travelling to South Africa, 10 kilometres…
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