finance

AI and security: Can Zimbabwe ward off digital spies?

By Godfrey Nyoni IN today’s world, threats to a country are no longer only about soldiers at borders or tanks on the battlefield. Danger can now slip quietly through the internet. Cyberattacks and digital spying are very real risks, even for Zimbabwe.From government networks to banks, power grids, and water systems, spies can steal information,…

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US$60m investment to boost power generation

HWANGE Colliery Company has invested US$60 million to ramp up coal production to three million tonnes annually by 2027, in a major push to support Zimbabwe’s power generation needs. The substantial investment includes the introduction of advanced longwall mining technology, which is expected to significantly increase efficiency and output while contributing to the country’s energy…

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Energy waste costs Zimbabwe US$700 million

ZIMBABWE could save over US$700 million annually by improving energy efficiency, according to the Zimbabwe Energy Regulatory Authority (ZERA).ZERA chief executive, Edington Mazambani, highlighted the findings of a study that revealed a significant amount of power being wasted across the country.“When we did a study, we found that we were losing about 20 percent of…

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Thinking beyond corporate security walls

Isaac Zhou IN TODAY’s corporate world, security is no longer defined only by physical security systems such as CCTV systems, fences, gates, and locks.While physical barriers remain vital for keeping unauthorised individuals away from sensitive areas, true and lasting protection lies in something less visible but more powerful — organisational culture.Organisational culture is the mindset,…

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Energy efficiency:let’s plug the gaps

IT is a staggering thought that our nation is haemorrhaging a resource worth over US$700 million every single year.This isn’t a mineral smuggled across borders, but energy dissipated through sheer inefficiency, according to the Zimbabwe Energy Regulatory Authority.In a country grappling with power deficits and seeking foreign investment for new generation, we are overlooking the…

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Regulatory fees top CEO agenda

THE government’s ongoing review of regulatory fees and licence costs will be a key discussion point at the CEO Africa Annual Roundtable to be held in Victoria Falls from October 14 to 18. This comes as the government is undertaking a review of licences, permits, levies, and fees across various sectors, including agriculture, tourism, and…

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Business toasts to GDP rise and rains

ANTICIPATED average to above-average rainfall for much of the upcoming rain season are adding to growing optimism about the country’s economy.This comes as the economy is now projected to grow by 6.6 percent in 2025, from the initial forecast of six percent, with Zimbabwe’s gross domestic product (GDP) also expected to top US$52 billion by…

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African Sun upbeat over government policy interventions

AFRICAN Sun remains optimistic about its growth prospects, bolstered by recent government policy interventions — including the Tourism and Hospitality Industry Policy launched mid-year to stimulate the sector.This comes as the government’s five-year (2025-2030) tourism plan seeks to scrap some of the outdated and fragmented legal infrastructure with direct implications on licensing, promotion, and regulation…

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RioZim makes executive changes

RIOZIM has appointed Caleb Dengu as group chairman with effect from July 8, 2025 taking over from Saleem Rashid Beebeejaun, who resigned.Dengu is an investment strategist with more than four decades of experience spanning international development finance, public sector reform and private sector investment across Africa, Latin America, Asia and the Caribbean.He currently serves in…

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SMEs survey hits homestretch

THE inaugural micro, small and medium enterprises (MSMEs) survey report is in its final stages, with a team of adjudicators from diverse sectors of the economy rigorously reviewing the findings.The project, a partnership between The Financial Gazette and the Small and Medium Enterprise Development Corporation, will present detailed data on MSME demographics, challenges, and opportunities.Pan-African…

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