finance

‘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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Vast eyes new concessions. . . as Zimbabwe releases company gems after 15-years

LONDON-HEADQUARTERED Vast Resources is eyeing new mining concessions in Zimbabwe after securing the release of its 129 400 carats of diamonds, held for 15 years at the Reserve Bank of Zimbabwe (RBZ) following a prolonged legal dispute. The development, the company states, not only exemplifies a significant breakthrough but also reaffirms Zimbabwe’s commitment to promoting…

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Business applauds easing of ZiG reins

EXPERTS have commended the government’s exchange control reforms of last week, which give under pressure companies greater flexibility in pricing their goods and services.Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts said this week that the repeal of exchange rate controls…

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ZSE bear-run to persist in 2025 — analysts say

THE bearish sentiment on the Zimbabwe Stock Exchange (ZSE) is expected to continue throughout the course of 2025, driven by global geo-political influences on local companies’ performance, financial markets analysts FBC Securities has warned.The ongoing trade tiff between the US and major global trading partners, mainly China, is already impacting global economic activity and is…

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Key investments drive Fidelity earnings

FIDELITY Life Assurance (Fidelity) has reported a profit of US$6,4 million for the year ended December 31, 2024, up 178 percent from prior year levels of US$2,3 million largely driven by investment income and insurance contracts revenue.Net investment income grew 54 percent to US$9,1 million in 2024 from US$5,9 million recorded prior year, driving overall…

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Zimplow’s tyre unit reels from informal competition

TRENTYRE, a tyre-service subsidiary of Victoria Falls Stock Exchange (VFEX)-listed engineering group Zimplow says the growing competition from cross-border informal traders has adversely affected its business operations.TrenTyre product range includes brand new tyres, tubes and tyre accessories as well as retreading and repair services.In its financial results for the year ended December 31, 2024, the…

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Trade wars weigh on global economy: IMF

THE IMF says the escalation of trade tensions and policy uncertainty are expected to have a significant impact on global economic activity this year.In its world economic outlook report for April released this week Tuesday, the Bretton Woods Institution projected a decline in global economic growth by 0,5 percentage points to 2,8 percent.The Washington D.C-based…

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Manufacturing sector needs capacitation: CZI

THE Confederation of Zimbabwe Industries (CZI) says the government and relevant stakeholders need to unite in implementing measures to improve the performance of the manufacturing sector. CZI chief executive officer Sekai Kuvarika made the call during the Zimbabwe International Trade Fair (ZITF) business conference yesterday. According to the 2024 manufacturing sector survey results, the sector’s…

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