MASHONALAND Holdings (Mash Holdings) recorded a 12 percent increase in revenue to US$7 million for the year ended December 31, 2024 as growth in rental income was driven by effective voids management, rent reviews and property upgrades.During the year, the group’s rental income improved to US$5,6 million from US$4,9 million in 2023 supported by “portfolio…
TENANTS that have longer lease terms and are more exposed to foreign exchange generation are likely to safeguard “real” rental returns in the real estate market amid tightening of local currency circulation by the authorities, Tigere Property Fund (Tigere) chief executive Brett Abrahamse has said.This comes amid increasing voids in the property sector which have…
ORGANISERS of the Zimbabwe International Trade Fair (ZITF) have implored exhibitors to take advantage of the upcoming fair to enhance business linkages in a bid to boost business opportunities.This year’s annual event will take place between April 21 and 26 at the ZITF showgrounds in Bulawayo.Speaking at a training for ZITF exhibitors at the weekend,…
ZIMBABWE’s gold export earnings for January and February this year reached US$240,1 million, 8,69 percent above US$220,9 million realised during the first two months last year, latest figures from the Reserve Bank of Zimbabwe (RBZ) show.The increase in export earnings has been largely driven by record prices of bullion this year, which surpassed the US$3000…
ZIMBABWE’S mining sector remains the primary driver of investment approvals, accounting for the bulk of the US$542,92 million in licences processed by the Zimbabwe Investment Development Agency (ZIDA) in the fourth quarter of 2024.Speaking at the Swedish-Zimbabwean Sustainability in Mining Expo, ZIDA’s chief executive, Tafadzwa Chinamo, confirmed that mining continues to outpace other sectors, with…
ZIMBABWE’S lithium production remained subdued in the fourth quarter of 2024, reaching 338 038 tonnes, as prices continued to decline, the Reserve Bank of Zimbabwe (RBZ) has reported.During the quarter, lithium prices fell by 15,1 percent, dropping from an average of US$11 064,56 per ounce in the previous quarter to US$9 393,30 per ounce. The…
THE Institute of Architecture Zimbabwe (IAZ) is set to host a major conference on the development of climate-resilient architecture and infrastructure. The event, scheduled for next week, aims to raise…
THE Tobacco Industry and Marketing Board (TIMB) is touting expanded opportunities for investors to produce nicotine from tobacco waste.In an interview with The Financial Gazette, TIMB’s acting chief executive officer, Emmanuel Matsvaire, revealed that Zimbabwe generates significant tobacco waste, far exceeding the capacity of the country’s sole nicotine production facility.“The current factory cannot process all…
AFRICAN Extracts, a local start-up, has pioneered an eco-friendly method to manage tobacco waste, which was previously discarded in ways that harmed the environment.During a tour of the company’s nicotine extraction plant in Harare, chief executive Sunny Singh explained that converting tobacco waste into nicotine promotes environmental sustainability.“We currently generate 1 200 metric tons of…
AS the government pushes to boost state revenue through increased taxation, small to medium enterprises (SMEs) have criticised the reduction of the value-added tax (VAT) threshold, warning it undermines compliance efforts and could stifle their growth.Through recent legislative changes, the government has intensified efforts to formalise businesses and bring them into the tax net. However,…
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