finance

Understanding judging criteria at ZITF

By Lenox Mhlanga THE Zimbabwe International Trade Fair (ZITF) remains the country’s premier showcase for business innovation, sectoral excellence, and brand visibility. Each year, the ZITF competitions attract significant attention, not only for the prestige associated with winning but also for the scrutiny surrounding the judging process.At the onset, it is important to acknowledge the…

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Remote work options for Zimbabweans in AI era

By Tonderai Washingto Mabambe IN the last few years, remote work has gone from a rare privilege to a global trend. Thanks to fast internet, cloud tools, and now Artificial Intelligence (AI), people no longer need to leave their home country to work with international clients or companies. For many Zimbabweans especially young professionals, freelancers,…

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FMP’s property income soars

FIRST Mutual Holdings saw a 62 percent rise in net property income, reaching US$4,8 million at the end of 2024. In a statement accompanying the company’s financial results, chairman Elisha Moyo said the growth was mainly down to rental income being in US dollars. He mentioned that revenue shot up by 31 percent to US$9…

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ZITF reports US$400 million in trade leads

THE Zimbabwe International Trade Fair (ZITF) Company has revealed that this year’s edition of the annual business expo generated business leads valued between US$296 million and US$379 million. The figures are based on responses from 154 participants who completed the ZITF’s online survey, comprising 94 exhibitors (61 percent) and 60 business delegates (39 percent). In…

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Action Zone wins Castle Tankard

ACTION Zone defied the odds, outrunning a high-quality field to win the prestigious US$50 000 Castle Tankard race at Harare’s Borrowdale Race Course yesterday. The five-year-old gelding, who is better known for his exploits over the shorter 1600m distance, was expected to run out of steam in yesterday’s 2000m race. But with experienced jockey Monty…

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Vast opportunities awaiting Zimbabwe in the East

By Mahomed Jassat FOR years, Zimbabwe has rightly focused on strengthening its trade and investment relationships with well-known partners such as the United Arab Emirates, Saudi Arabia, and India. These markets have offered tremendous value and continue to be important pillars of our economic outreach. However, in a rapidly shifting global economy, it is vital…

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Local jet fuel use hits 10-year high

ZIMBABWE consumed 95,11 million litres of Jet A1 fuel in 2024, marking the highest amount in the last 10 years and showing a significant 60,6 percent jump above the average for that period, according to data from the Zimbabwe Energy Regulatory Authority (Zera).Between 2015 and 2024, Zimbabwe’s average yearly Jet A1 fuel consumption hovered around…

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