finance

Dairibord mulls optimisation of supply chain

DAIRIBORD Holdings (Dairibord) plans to effectively reduce supply chain costs, at the same time attaining a stable supply of raw milk by investing in out-grower support schemes.The Zimbabwe Stock Exchange (ZSE)-listed milk processor envisions that this strategic focus will result in better control of input costs and product supply, minimising over-reliance on external suppliers.The group…

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ACZ revenue ticks up 2 percent

THE Airports Company of Zimbabwe’s (ACZ) total revenue increased slightly by two percent, from US$31,28 million in 2023 to US$31,92 million in 2024, as it now focuses on making its income streams more varied. A similar two percent growth was seen in aeronautical revenue, which rose from US$26,4 million in 2023 to US$26,99 million in…

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Unclaimed pension benefits surge 104 percent

THE Insurance and Pensions Commission (Ipec) has noted a 104 percent rise in unclaimed benefits in the pensions sector. This climbed to US$14,25 million for the quarter ending December 2024, up from the US$7 million recorded in the same period the year before. Unclaimed pension benefits are funds owed to members or their beneficiaries of…

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‘Carbon markets make environmental fixes viable’

THE emergence of carbon markets offers a workable commercial answer to dealing with environmental problems and draws in private money, an expert has stated.These trading platforms let companies that pollute buy credits from environmentally friendly projects. This means they effectively pay others to lower emissions for them.Commercial director at Cicada, Karen Jiri, pointed out that…

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Realised FDI nears US$1bln mark

THE Zimbabwe Investment and Development Agency (ZIDA) says actual investment inflows reached US$0,91 billion for 77 monitored projects with licenses issued between 2022 and 2024.The investment agency said the investments represent only nine percent of the total US$10,06 billion projected by investors initially.“Of note is that an outlier project with a projected investment of US$6,94…

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Ipec defends medical aid regulation shift

THE Insurance and Pensions Commission (Ipec) says the proposed transfer of regulation for medical aid schemes from the Ministry of Health aims to ensure careful and lasting management of pooled funds.It said this will include stronger ways to protect consumers, adding that the Justice Smith Commission of Inquiry, which looked at changing insurance and pension…

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Non-funded income dominates banking sector revenue mix

ZIMBABWE’S banking sector continues to see a shift where non-funded income, driven by currency revaluations and fees, is making more money than traditional earnings.This trend, which has developed over the past few years due to ongoing currency instability, saw interest income from loans drop further to 13,5 percent.This persistent reliance on non-funded income is causing…

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‘Future of the World’ dialogue which focuses on new global growth begins

JOHANNESBURG, (CAJ News) – THE international Open Dialogue “Future of the World. New Platform for Global Growth” will occur at the National Centre “Russia” on April 28.  Experts worldwide will participate in the event, including experts from leading analytical centres, development institutes, higher education, government institutions, business associations, youth organisations, science, and journalism. One of…

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