ZIMBABWE’s major mining companies are taking significant steps to set up their own power generation plants to reduce pressure and reliance on the unreliable national grid. These investments are particularly focused on renewable energy, mainly solar power, as the mining sector moves towards more sustainable practices. Zimbabwe expects its power demand to reach 3 200…
THE Institute of Global Leadership and Administration (IGLA), in collaboration with the Artificial Intelligence Institute Africa, is set to host a landmark conference exploring the impact of artificial intelligence (AI) on the workplace in Zimbabwe. Titled The Future of Jobs: Is Labour Ready for AI?, the event will take place on 22 May at the…
THE Confederation of Zimbabwe Industries (CZI) is worried about the growing difference between the official and parallel market exchange rates for the ZiG currency. According to some estimates, the premium went up from 25 percent in March to 28 percent in April. Since its introduction last April, the ZiG has had a rough ride, losing…
GOVERNMENT says it is in talks with civil servants through the Tripartite Negotiating Forum (TNF) with a view to improving their salaries and working conditions. This comes as civil servants are pushing the government to restore their previous salaries where they were earning close to US$800. Currently, government employees are earning around US$350, which is…
THERE has been a steady increase in the adoption of point-of-sale (POS) machines by local businesses in line with government efforts to encourage the use of formal banking channels and improve tax compliance, the Bankers Association of Zimbabwe (BAZ) has said.This follows a government directive in January this year, which made it mandatory for all…
ZIMBABWE’s mobile telecommunications sector has reached a new high, with the number of active mobile subscribers hitting 15,7 million in 2024, marking a 4,7 percent increase from 14,97 million in 2023, official figures show.According to the latest industry statistics from the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz), the growth was largely driven by…
THE Airports Company of Zimbabwe (ACZ) says the Aviation Infrastructure Development Fund (AIDEF) is struggling to serve its purpose due to sub-economic tariffs, which also limit its capacity to meet loan repayments.The AIDF is a levy added to air travel tickets to fund infrastructure development and maintenance of airports in Zimbabwe.A further complication arises from…
MUKURU Zimbabwe recently launched the Mukuru Wallet in the country. Building on its capabilities, which support more than three million Zimbabwean customers, the wallet allows users to send and receive money locally and internationally from mobile phones, offers safe storage of funds, and provides free cash out on international transfers. The Financial Gazette’s managing editor, Adelaide Moyo (AM),…
South Africa’s state power utility said the increased reliability of its electricity network will reduce the risk of outages this winter, when demand is expected to increase. Eskom has made “a continuous improvement from where we started off,” chief executive officer Dan Marokane said in an interview on Monday. “That trend essentially is one of…
Standard Bank has been instructed to pay back more than R2.1 million paid to a fake executor by the name of Johan Botha, who managed to convince the bank and…
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