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…
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to stimulate the sector.This comes as the government’s five-year (2025-2030) tourism plan seeks to scrap some of the outdated and fragmented legal infrastructure with direct implications on licensing, promotion, and regulation…
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…
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…
FINANCE Minister Mthuli Ncube says the potential repeal of the Zimbabwe Democracy and Economic Recovery Act (ZIDERA) will serve as a catalyst for the country’s comprehensive economic transformation.This comes as a new bill before the US Congress could see 25 years of sanctions against Zimbabwe reversed. The new bill places conditions, mainly debt settlement under…
FIRST Mutual Properties (FMP) says the property sector continues to be constrained by limited mortgage financing, despite notable growth in selected urban areas — primarily driven by private capital recycling and diaspora-led investments.Zimbabwe’s property market is characterised by a dominance of cash buyers, with only a small percentage of transactions being mortgage-based, largely due to…
DAIRIBORD Holdings (Dairibord) has deferred the interim dividend payout to its shareholders for the half year ending June 30, 2025, to allocate funds towards capital expenditure for equipment upgrades.The group, however, did not disclose the total cost of the ongoing capital expenditure programme.This comes after the dairy products manufacturer posted a profit of US$1,2 million…
ZIMBABWE should review its informal sector taxation system by moving away from the current presumptive tax in favour of a turnover-based tax and instalment payment options, according to the World Bank.Speaking at the Zimbabwe Economic Development Conference, World Bank economic consultant, Abel Gwaindepi, noted that presumptive tax, introduced in 2005, has had limited success in…
THE Zimbabwe Revenue Authority (Zimra) is stepping up its efforts to enforce tax laws on e-commerce services provided by foreign companies.This comes as Zimbabwe’s “gig economy” has grown rapidly, particularly with the rise of app-based services like e-hailing and accommodation platforms.In 2021, Zimbabwe enacted legislation that imposes a five percent income tax on e-commerce services…
INVESTORS should snap up agro-stocks that sit high up the value chain and directly feed into consumer spend as weather shocks pose risks to agricultural commodity-producing counters, equities experts have said.This comes as investors’ interest in agricultural stocks on the Zimbabwe Stock Exchange (ZSE) has been lacklustre.Stocks in the food and agriculture sector index underperformed…
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