finance

CFI plans land banks development

AGRO-INDUSTRIAL concern CFI Holdings (CFI) is focusing on consolidating its disputed land banks and diversifying its portfolio, including commencing large-scale, low-cost housing development.The group, through its subsidiary, Crest Breeders International, has been embroiled in a protracted land dispute with land barons over its Saturday Retreat Estate, also known as Ushewokunze in Harare South.In February 2023,…

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Economy grows to US$44,4 billion

ZIMBABWE’s gross domestic product (GDP) is now estimated at US$44,4 billion, with indications that this figure could be higher due to the informal sector remaining largely uncounted.The revision, announced following the completion of the Economic Census for 2023 by Zimstat, primarily reflects the inclusion of a larger number of business entities that have emerged since…

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Sammons demands Chevrons improvement

CHEVRONS head coach Justin Sammons has called for a significant improvement from his players after they suffered a disappointing innings and 236-run defeat to South Africa in the second Test at Queens Sports Club in Bulawayo. The match, which concluded on Tuesday, saw Zimbabwe managing a meager 220 runs in their second innings in addition…

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Life assurers urged to rebuild lost trust

THE Insurance and Pensions Commission (Ipec) is urging players in the life assurance sector to rebuild consumer trust to help revitalise interest in and adoption of long-term insurance products.In its Life Assurance Sector report for the quarter ended March 31, 2025, the commission stated that the industry should prioritise innovation by creating products that are…

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AI can help fight pests and crop diseases

By Godfrey Nyoni IN Zimbabwe, farming is life. From maize grown in the rural fields to tomatoes nurtured in backyard gardens, agriculture sustains families, fuels the economy, and provides livelihoods. Yet, this essential sector is under constant threat from a silent enemy ― pests and crop diseases.Farmers across the country regularly face devastating losses from…

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Data-driven risk management:navigating tomorrow’s challenges

By Jackson T Mashinje IN our previous instalments, we explored the intricacies of blockchain analytics and its implications for modern finance. Today, we pivot to a compelling examination of data-driven risk management, a paradigm shift that is redefining the operational landscape in Zimbabwe’s financial sector. As organizations grapple with the staggering reality of generating over…

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Changunda new Proplastics CEO

THE country’s largest piping products manufacturer, Proplastics, has appointed Paschal Changunda as the chief executive, effective July 1, 2025.The appointment signals a significant strategic move for the company, which stated it is in “continued pursuit for growth, innovation, and value creation for all stakeholders.”“Paschal has previously worked for Cairns Foods, Rainbow Tourism Group and ZimTrade.…

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