By Collen Chirenda Businesses all over the world are preoccupied with a deep desire to grow their fortunes. Executives are driven by the need to outcompete rivals and expand their market share and territories. With this preoccupation, billions of dollars are spent every year in marketing campaigns by corporates to make their products household names.…
THE Ministry of Industry says the automotive industry is operating at below five percent capacity utilisation levels, weighed by heightened competition from imported used vehicles. Industry Minister Mangaliso Ndlovu said approximately US$664 million has been spent in 2023 on the importation of motor vehicles in Zimbabwe. “…the automotive industry…has faced several challenges which have resulted…
THE government is exploring strategies to broaden its tax base and enhance digital tax collection mechanisms in a bid to curb widespread tax evasion. Speaking at the National Assembly, Deputy Minister of Finance, Kudakwashe Mnangagwa, acknowledged the link between high tax burdens and non-compliance, underscoring the need for a balanced approach. “We do understand that…
CAFCA is reconfiguring its export operating model by transitioning to direct sales and scrapping distributors from previous consignment stocks as it seeks to efficiently utilise limited working capital.The Zimbabwe Stock Exchange (ZSE)-listed cable manufacturer’s products have a heavy market presence in Malawi and Mozambique mainly through distributor-partnerships. It also exports to Tanzania, Botswana, Angola and…
DAIRIBORD Holdings (Dairibord) recorded a significant increase in foreign currency earnings during the first quarter to March 31, 2025 driven by exports, which grew 36 percent from the comparable period last year.The milk processor has previously lamented its challenges in sourcing foreign currency to import critical raw materials and packaging materials due to lack of…
THE government anticipates that sustained monetary policy and exchange rate stability will elevate investor sentiment and attract foreign direct investment (FDI) into the country. The country’s investment profile has been badly hurt by a volatile macro-economic environment characterised by exchange rate fluctuations, inflation and price distortions among other factors. In an interview with The Financial…
THE Victoria Falls Stock Exchange (VFEX) is of strategic importance in attracting investment and boosting the country’s economic growth, Finance Minister Mthuli Ncube has said.Speaking at the listing of the Eagle Real Estate Investment Trust (REIT) on VFEX, Ncube said the US-denominated bourse continues to play a critical role in attracting hard currency investments and…
ZIMBABWE’S decision to provide land tenure security could encourage joint-venture capital inflows from foreign investors, which could increase production and agricultural sector growth, the European Union (EU) says. This comes…
ZIMASCO chief executive, John Musekiwa, has been elected president of the Chamber of Mines of Zimbabwe. His election took place yesterday at the 86-year-old member-based organisation’s annual general meeting on the first day of its annual conference in Victoria Falls. Platinum Group Metals cluster head at Kuvimba Mining House, Munashe Shava, was elected vice president,…
ZECO Holdings says its first quarter to March 31, 2025 financial performance was adversely impacted by elevated production and operational costs, mounting pressure on profit margins.The ZSE-listed engineering firm recently transitioned into real estate operations.In a trading update, the group said administration expenses grew to 57 percent of total revenue from 8,41 percent in the…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More