ZIMBABWEAN airports saw a five percent increase in passenger traffic during the first four months of 2025.Robert Gabriel Mugabe (RGM) International Airport led this growth, handling 486 611 passenger movements, up from 459 908 in 2024.This data indicates a strong recovery and expansion within the aviation sector, likely driven by increased international connections, economic activity,…
THE Zimbabwe Revenue Authority (Zimra) is facing significant challenges in enforcing tax rules due to the prevailing cash-dominated economy.Many transactions in a cash-based economy occur outside the formal banking system. This makes it challenging for Zimra to monitor income and sales, particularly for businesses operating in the informal sector.Zimra’s Commissioner General, Regina Chinamasa, highlighted these…
THE Insurance and Pensions Commission (IPEC) says the new regulatory capital requirements for the insurance industry will strengthen financial soundness, resilience, and ability to protect policyholders.The amendments, aimed at streamlining licensing and compliance processes, were issued in an extraordinary Government Gazette this week in line with currency changes.The old regulations issued under S.I. 59 of…
By Ephias Ruhode I HAVE engaged extensively with the concept of technological determinism in my scholarly work, a longstanding and often contested theory that continues to provoke debate across academic disciplines. At its core, technological determinism is the theory that suggests that technological innovations are the primary agents of change in society, shaping everything from…
ZIMBABWE’S financial reporting landscape continues to be complex for listed companies, marked by persistent challenges stemming from the country’s constantly evolving currency environment.The 2024 financial reporting season revealed a mixed performance, with 14 firms on the Zimbabwe Stock Exchange (ZSE) and the Victoria Falls Stock Exchange (VFEX) receiving qualified audit opinions, while five others were…
THE Zimbabwe Mercantile Exchange (ZMX) has onboarded cotton lint and horticultural products for trading on its digital platform as it pursues broader commodity spread and inclusive value chain participation.ZMX is a digital agricultural commodities trading platform operated by the Financial Securities Exchange (Finsec) through an electronic warehouse receipt system.The warehouse receipt system allows farmers and…
THE International Monetary Fund (IMF) has recommended that Zimbabwe move away from the export surrender requirements, advocating for a significant overhaul of the country’s foreign exchange management and monetary policy.The recommendation follows a recent mission by the Bretton Woods institution to assess Zimbabwe’s economic landscape.A key focus of the IMF’s recommendations is to improve the…
IN a world where glass ceilings still loom large, one lady, Mrs Tatiana Ellis, has not only shattered them – but she has also built entire skylines beyond them. She…
WARWICKSHIRE Private Limited (Warwickshire) is set to construct hotels and lodges near Lake Chivero, setting its sights on entering Zimbabwe’s leisure and tourism industry. The developments will form part of…
PADENGA Holdings (Padenga) says it will save approximately US$750 000 per year in energy costs from the installation of a solar power facility at its Pickstone Peerless Mine.This comes as Padenga is adopting renewable energy sources, mainly solar, and implementing energy-efficient technologies to reduce its carbon footprint and operating costs.Due to persistent electricity cuts nationwide,…
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