finance

Tobacco seed sales soar

THE country’s tobacco sector is off to a promising start ahead of the 2025-2026 farming season, with the Tobacco Industry and Marketing Board (TIMB) reporting a 12 percent increase in tobacco seed sales compared to the same period last year. According to TIMB spokesperson Chelesani Tsarwe, 1, 2 million grammes of tobacco seed had been…

Subscribe to read full article. Subscribe today

Read more

ZimTrade transforms floriculture

ZIMBABWE’S trade body, ZimTrade in partnership with PUM, a Netherlands-based organisation, has made significant progress in transforming the country’s floriculture sector into a vibrant and export-ready industry.Zimbabwe’s floriculture sector, focusing on the cultivation and export of cut flowers, is a vibrant part of the country’s agriculture sector with a history of significant exports to international…

Subscribe to read full article. Subscribe today

Read more

‘Network challenges hit banking services’

THE Reserve Bank of Zimbabwe (RBZ) last night said network challenges were affecting banking services and related operations. In a statement, the Central Bank said it was committed to restore normal services and it was working diligently to resolve these issues as quickly as possible. “The Reserve Bank of Zimbabwe wishes to notify all stakeholders…

Subscribe to read full article. Subscribe today

Read more

RBZ crafts AI rules for banks

THE Reserve Bank is developing artificial intelligence (AI) specific guidelines to guide regulated financial institutions on the minimum AI implementation requirements.The development comes as AI has had a profound transformative impact, changing how institutions, including those in the banking and finance sector, operate and deliver services to customers.“The guidelines are expected to complement the existing…

Subscribe to read full article. Subscribe today

Read more

RBZ stands firm against quasi-fiscal financing

THE Reserve Bank of Zimbabwe (RBZ) has affirmed its commitment to avoiding quasi-fiscal activities, despite growing concerns over outstanding payments for matured treasury bills and government contracts.RBZ Deputy Governor Innocent Matshe informed business leaders at a recent CEO Roundtable meeting that fiscal discipline is crucial for Zimbabwe’s de-dollarisation objectives, adding that any return to central…

Subscribe to read full article. Subscribe today

Read more

Zimre stretches regional footprint

ZIMRE Holdings (Zimre) wants to stretch its operations into east and west African markets as it forges ahead with its ambitious growth plan of becoming a pan-African insurance giant.The Zimbabwean investment holding company with operations in insurance and property already has operations in several southern African markets.In a recent interview with The Financial Gazette, Zimre…

Subscribe to read full article. Subscribe today

Read more

Government cracks down on over-contracting

MINISTRIES will no longer be allowed to enter into contractual agreements with private sector suppliers of goods and services without prior consent from the Treasury, as the government moves to streamline procurement processes and curb over-contracting.Finance Minister Mthuli Ncube said this during last week’s Thursday mid-term breakfast forum hosted by our sister paper, Daily News.This…

Subscribe to read full article. Subscribe today

Read more

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