By Sandra Hove BULAWAYO mayor David Coltart says the way South Africa’s cricket team, the Proteas, humbled England on home soil, with 175 balls to spare, puts the Chevron’s defeat…
BY GODFREY NYONI FOR many farmers in Zimbabwe, the biggest obstacle they face is not a lack of hard work or farming knowledge, but access to money. Seeds, fertiliser, pesticides, fuel for tractors, animal feed, and veterinary care all come at a cost that most smallholder farmers cannot meet without help. Yet when they turn…
IN terms of the Income Tax Act, every company opearating in Zimbabwe is required to appoint a public officer who is ordinarily resident in Zimbabwe, within one month of its establishment or the incumbent leaving the office. The Commissioner can designate any director, secretary or company officer as public officer where a formal appointment has…
CBZ Holdings (CBZ) is optimistic about raising US$50 million from its planned bond issue later this year targeting international funders.The country’s largest bank by assets and deposits plans to channel funds from the capital raise towards financing various sectors of the economy amid a liquidity squeeze in the domestic economy.The bank’s previous bond issue of…
FOR pessimistic local businesses and consumers to start reaping the benefits of the country’s relatively high GDP growth rate, authorities need to foster Zimbabwe’s long-term economic prosperity, experts say.Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts added this week that this…
THE Reserve Bank of Zimbabwe (RBZ) says the transition to a mono-currency system by 2030 will be a market-driven process supported by targeted policy interventions.This week, the central bank formally laid out a long-term strategy to establish the ZiG as the country’s sole transacting currency by 2030.The apex bank said the success of the transition…
INDUSTRY has raised a red flag over the extensive taxation of local businesses, rendering locally-produced goods uncompetitive on both domestic and international markets.In its submissions to the Ministry of Industry last week, the Confederation of Zimbabwe Industries (CZI) spotlighted the value-added tax (VAT) on certain goods, surtax on sugar content in beverages and the intermediated…
ZIMBABWE’s trade deficit narrowed to US$8,7 million in July 2025, a 94,5 percent drop from the US$158,6 million recorded in June, official figures show.The significant improvement in the country’s trade balance was driven by a sharp increase in exports, which outpaced a marginal rise in imports.According to the Zimbabwe National Statistics Agency (ZimStat) latest data,…
ZIMBABWE’s economy saw a growth of 7,01 percent to ZiG18,8 billion in the second quarter of 2025, with the mining and quarrying sector emerging as the top contributor to the country’s gross domestic product (GDP), latest figures show.According to the Zimbabwe National Statistics Agency (ZimStat), the mining and quarrying sector contributed 14,9 percent of the…
NBS recorded a surplus of ZiG95,3 million during the six months ended June 30, 2025, overturning a ZiG288 million loss realised in the comparable period last year, thanks to growth in funded income.Net interest income grew 255 percent year-on-year in line with the building society’s strategic focus on funded income growth.“The society delivered a strong…
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