TSL has recorded a 43 percent profit jump to US4,3 million for the six months ended April 30, 2025 due to volume growth across most group units. This was despite a slow start to the tobacco marketing sea son. The improved volumes were able to offset the impact of a 4,5 percent decrease in to…
GCR Ratings (GCR), a member of Moody’s Rating Agency, has upgraded Nedbank Zimbabwe’s national scale long-term issuer rating to A+ (ZW) from A (ZW), with a stable outlook. Accordingly, the bank’s shortterm national scale issuer rating has been affirmed at A1 (ZW). “The ratings upgrade reflect the increase in competitiveness score for Nedbank Zimbabwe relative…
AS FINANCE minister Mthuli Ncube prepares to present his midterm budget statement, a crucial opportunity arises to implement changes for sustained economic development. The statement must address deep-seated issues of tax burden, currency fragility, and escalating debt, and ultimately foster a predictable and conducive business environment. Central to this review must be significant changes to…
SOUTH African music sensation and global chart-topper Master KG will headline the Econet Victoria Falls Marathon After-Party Concert on Sunday, July 6, bringing his world-renowned energy and signature beats to…
KAVANGO Resources (Kavango) has officially commenced construction of a 50 tonne-per-day Carbon-in-Pulp (CIP) gold processing plant at its Bill’s Luck Gold Mine in Zimbabwe. The new CIP Test Plant is part of Kavango’s strategy to rapidly scale up production at the Hillside Gold Project. “Our primary objective over the next 12 months is to build…
AUTHORITIES have warned that the country’s economic transformation goals risk being derailed by entrenched bottlenecks in local government systems, urging councils to urgently modernise operations and adopt private-sector friendly reforms. Addressing delegates at the just-ended Zimbabwe National Chamber of Commerce (ZNCC) annual congress in Victoria Falls, the deputy minister of Local Government, Benjamin Kabikira, said…
THE Financial Intelligence Unit (FIU) says accountants should be at the forefront of safeguarding the country’s financial reputation by fighting money laundering, terrorist financing and the illicit funding of weapons of mass destruction. Speaking during the 25th Annual Conference of the Southern African Association of Accountants (SAAA) last week, FIU representative Regiment Gwete described the…
MUTAPA Investment Fund chief executive officer (CEO), John Mangudya, has called for cost-reflective power tariffs to ensure investments in the energy sector are sustainable and economically viable. He made the call on Friday at the Zesa risk management awards. “In addressing energy security, it is crucial that we focus on mitigating investment risks associated with…
THE minister of Agriculture, Anxious Masuka, says they have established 600 cotton selling points to rid the industry of side marketing that is shortchanging contractors. This comes as Masuka recently assured farmers that the Grain Marketing Board (GMB) was ready to pay an outstanding US$3 million debt it owes them. Addressing the media in Harare…
ZIMBABWE’S Trade Development and Promotion Organisation, (ZimTrade), says the country must urgently strengthen its foothold in regional markets to unlock the full potential of the African Continental Free Trade Area (AfCFTA) and reduce trade barriers within the continent. Speaking to the Daily News on the side-lines of the Zimbabwe National Chamber of Commerce (ZNCC) congress…
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