finance

Steel sector yearns for reforms

THE engineering, iron and steel industry has urged the government to introduce export incentives and remove trade barriers so it can take advantage of new production capacity that could soon exceed local demand.Industry leaders say the absence of export incentives has rendered the sector uncompetitive, causing export earnings to fall and regional market share to…

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Competition and Tariff Commission wary of big tech

AS FOREIGN tech giants tighten their grip on local markets, concerns are mounting over unfair pricing, data exploitation and the use of market dominance to edge out Zimbabwean start-ups.Zimbabwe’s competition regulator is now taking a proactive approach to overseeing foreign digital platforms to protect consumers and ensure fair competition for local businesses.Competition and Tariff Commission…

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Zimbabwe’s infrastructure development under spotlight

ZIMBABWE’s infrastructure development drive will take centre stage next month when government officials, business leaders, and experts converge in Nyanga for the Annual Zimbabwe Infrastructure Summit and Awards.The premier gathering focused on accelerating national development through innovation and investment will run from November 2 to 5, 2025 and will be held under the theme “Building…

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Embrace credit ratings: SMEs urged

THE Small and Medium Enterprises (SME) sector has been urged to adopt credit ratings to improve access to capital finance from banks and investors.In an interview with The Financial Gazette, International Credit Rating Agency (ICRA) chief executive, Ephraim Chawoneka, said there was a need to raise awareness within the SME sector about the governance and…

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ZCDC records 4,5 mln fatality-free shifts  

THE Zimbabwe Consolidated Diamond Company (ZCDC) has recorded over 4,5 million fatality-free shifts since its inception, as the diamond miner continues to strengthen its safety standards.Advertisements The state-owned diamond miner has also recorded zero lost time injuries since 2019. This was revealed after the company scooped gold and bronze accolades during the National Social Security…

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Zimswitch, DPC partner to drive digital financial growth

ZIMSWITCH Technologies and the Deposit Protection Corporation (DPC) have formalised a strategic partnership aimed at advancing financial inclusion, accelerating digital transformation, and reinforcing public confidence in the country’s financial sector. Advertisements The two institutions signed a Memorandum of Understanding (MoU) this week, solidifying a joint commitment to enhance security, resilience, and financial inclusion across the country’s…

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Parliament raps Mines Bill

THE proposed Mines and Minerals Bill has been hit with an adverse report from the Parliamentary Legal Committee, citing widespread constitutional violations and governance flaws.The committee unanimously agreed that the Bill contained provisions that, if enacted, would violate the Constitution.A major contention centres on the Bill’s failure to include artisanal miners in the definition of…

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ZSEH bets on new VFEX listings

THE Zimbabwe Stock Exchange Holdings (ZSEH) is expecting new listings on the Victoria Falls Stock Exchange (VFEX) in the second half of the year to drive trading volumes and subsequently grow group earnings.The VFEX, a subsidiary of ZSEH, has been attracting interest from foreign and local companies, and during the first part of the year,…

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