THE Reserve Bank of Zimbabwe (RBZ) has raised concerns over increasing over-indebtedness among consumers using microfinance institutions.The central bank has warned that consumers borrowing from multiple lenders using the same payslip could jeopardise the financial health of both borrowers and lenders, creating systemic risks for the sector.“The Reserve Bank has noted high levels of over-indebtedness…
ZIMBABWE says it expects to strengthen economic ties with Poland with a mutual commitment to increased trade and investment.Speaking at the Zimbabwe-Polish Chamber of Commerce Business Forum last week, Foreign Affairs permanent secretary, Albert Chimbindi, said trade between the two countries is beginning to show signs of recovery.He said in 2023, Zimbabwe’s exports to Poland…
THE Zimbabwe Investment Development Agency (ZIDA) issued 207 new investment licences during the first quarter of 2025, an increase of 44,8 percent compared to the same period last year.ZIDA chief executive, Tafadzwa Chinamo, said the majority of the permits were in the foundational economic sectors.“The total value of newly licensed ventures has surpassed US$4,74 million,…
THE Zimbabwe Investment and Development Agency (ZIDA) has intensified its efforts to collaborate directly with local authorities.This partnership aims to simplify business processes and cut through the bureaucracy that continues to frustrate potential investors.ZIDA’s chief executive officer, Tafadzwa Chinamo, spoke at the recent Zimbabwe National Chamber of Commerce congress, stating the agency’s mission was to…
AGRICULTURAL concern Valley Seeds says it is fully prepared for the 2025-2026 farming season “by ensuring that 60 percent of all seed required for various programmes has been sourced”. This comes as the Temba Nkatazo owned company has started investing in a 6 000-plus extra storage facility at its main Juru Growth Point plant and…
CFI Holdings says the unfair competition from the informal sector has adversely impacted its operations, resorting to drastic price cuts to remain competitive. The diversified agro-industrial concern is struggling to compete with informal traders who are selling cheaper imported goods. In addition, the informal players are able to sell at much lower prices as they…
. . . 5 000 participants from over 30 countries to grace the event ZIMBABWE’S premier resort town springs to life today as more than 5 000 athletes from over…
AFRICAN Sun Limited (ASL) has confirmed that it has signed transactional agreements for the sale of Monomotapa Hotel to Monomotapa Hospitality (Private) Limited, in which the Public Service Pension Fund has an interest. The transaction, valued at US$18 million plus VAT, includes the hotel’s land, buildings, and adjacent car park, and will be sold as…
A NATIONWIDE power outage plunged Zimbabwe into darkness yesterday afternoon following a significant system disturbance, Zesa confirmed last night. The power utility stated that the incident resulted in the loss of generation from both Kariba Hydro and Hwange Thermal Power Stations. Compounding the issue, interconnections with South Africa’s National Transmission, Zambia’s Zesco, and supplies from…
THE Zimbabwe Mercantile Exchange (ZMX) is battling lower-than-anticipated trading volumes due to market inefficiencies, despite ongoing stakeholders’ efforts to improve its competitiveness.The electronic agricultural commodities trading platform, launched in 2021 operates through a warehouse receipt system which allows farmers to store their produce in licensed warehouses and receive a receipt that can be used as…
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