By Mohamed JassatIN the fast-paced and ever-evolving world of global commerce, success is often measured not just in figures and forecasts but in relationships and respect. As Zimbabwe continues to position itself as a formidable player on the international stage, it becomes increasingly important for our business community to understand and embrace the cultural nuances…
ZIMBABWE’S mining sector has long been a significant contributor to the country’s economy, with mineral exports accounting for a substantial portion of its Gross Domestic Product (GDP). Mining royalties are a critical component of Zimbabwe’s fiscal landscape, forming a key source of revenue from the country’s vast natural resources.Recent legislative changes by the Minister of…
IS there a more expressive way of saying ‘I love you’, ‘I’m sorry’ or ‘thank you’ than giving someone a freshly cut bouquet of flowers? Symbols of peace, love and…
By Shephard KemboENTREPRENEURSHIP has long been a subject of debate, especially when it comes to the question: Are entrepreneurs born with innate traits, or are they shaped by exposures, experiences, training and or education?While some argue that natural-born entrepreneurs possess an inherent ability to take risks and innovate, others believe that entrepreneurship is a skill…
“The capacity to learn is a gift; the ability to learn is a skill; the willingness to learn is a choice.” – Brian Herbert WHAT an eye-opening experience it was,…
MASIMBA Holdings says the tight liquidity conditions in the market has hampered effective execution of projects resulting in cash flow challenges and increasing debtors’ book.The construction firm is a huge contractor of the government’s massive infrastructure projects.“This (tight liquidity) constrained the business’ ability to fund ongoing projects and manage operational expenses, causing delays in project…
Zimplow says it is refocusing its efforts on its mining and infrastructure business units, which have shown resilience despite economic setbacks for long-term growth in response to the challenging conditions in the agricultural sector.The diversified firm’s agricultural unit, including Mealie Brand, saw a 46 percent drop in turnover due to the severe drought and the…
Willdale expects its planned transition to solar energy to save up to five percent in energy costs as part of its efforts to reduce environmental impact and contain overheads.The brick-making concern has recently been plagued by losses due to overreliance on the national power grid, resulting in downtime averaging 30 percent due to electricity cuts…
OK Zimbabwe (OK Zim) plans to raise US$30 million through a combination of a rights issue, private placement and debt instruments, which will be channeled towards recapitalisation.This comes as the company has been experiencing operational and financial difficulties, which it attributes to “endogenous and exogenous factors,” driven by a challenging operating environment.“The initiative is expected…
THE Zimbabwe Revenue Authority (Zimra) says it is targeting to collect US$7,16 billion in revenue this year, supported by various revenue enhancement measures.The national tax collector said the ambitious goal is supported by measures including improved tax compliance, expanded digital platforms and enhanced administrative efficiencies within Zimra.“Key to achieving this target will be the successful…
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