finance

Zimbabwe’s diamond production slumps

ZIMBABWE’s diamond production declined by 45 percent in the first quarter of 2025, falling to 0,78 million carats from 1,41 million carats in the same period last year, latest Reserve Bank of Zimbabwe statistics show.This slump, according to analysts, stems from a combination of factors, including frequent power outages, a depressed international market and the…

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Unveiling the power of Zim’s boardrooms

By Bothwell P Nyajeka EVER wondered what happens in the boardroom? Why do we have the boardroom in the first place? Who enters the boardroom? Why is it called the boardroom, why not just a meeting room? Who are board members? Who are these people called board members? Are they normal human beings? How do…

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How Africa is building entrepreneurs by accident

ACROSS Africa, a quiet revolution is unfolding — born not of deliberate strategy but of desperation, dismissal, and displacement. From Harare to Lagos, Johannesburg to Nairobi, millions of entrepreneurs did not choose business; business chose them. They are the accidental entrepreneurs — ordinary men and women forced into enterprise by retrenchment, job scarcity, or sheer…

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Government sets up 14 rural industries

EFFORTS to integrate rural areas into the mainstream economy have intensified with the establishment of 14 rural industries designed to drive inclusive and sustainable growth.Speaking at the Zimbabwe National Chamber of Commerce’s (ZNCC) annual congress in Victoria Falls last week, the acting Minister of Industry and Commerce, Frederick Shava, stated that the government’s rural industrialisation…

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Zimswitch HQ to be completed in 2026

ZIMSWITCH Technologies (Zimswitch) has commenced construction of its new headquarters, with completion expected by late 2026.The country’s national electronic payments switch said the new facility is poised to symbolise its commitment to powering Zimbabwe’s digital financial future from a sustainable and innovative base.Speaking at the groundbreaking event on Monday, Zimswitch chief executive Zabron Chilakalaka said…

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Axia: Weathering storm with resilience, caution

By Musawenkosi Dzheka AXIA Corporation Limited’s third-quarter trading update for the period ending March 31, 2025 reveals the company’s struggle to balance strategic innovation against persistent economic turmoil. Analysing this update in conjunction with the half-year financial report underscores how the company’s adjustments have met mixed results in challenging market conditions. While growth has been…

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Hippo Valley engages new sugarcane farmers

HIPPO Valley Estates Limited has brought on board new sugarcane farmers for its 4 000-hectare Kilimanjaro Empowerment Block project in Chiredzi. In its latest financial statement on Tuesday, Hippo Valley chairperson Canaan Dube confirmed that 41 new farmers have been engaged, and they have already planted 682 hectares of sugarcane. “Following the government’s allocation of…

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PR: Debunking myth it’s only for big corporations

By Kevin Mwenye “PR is for big brands with deep pockets, the corporate ABC’s of this world spending on billboards, TV ads, and in-person networking events. Not for my SME XYZ small business. We are just here to make money and keep going.” AS a public relations specialist in the banking sector, I’ve had the…

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