ZIMRE Holdings Limited (ZHL) is strategically rebalancing its portfolio to capture emerging growth opportunities, banking on recently acquired assets in the insurance business.Group chief executive Stanley Kudenga told The Financial Gazette recently that the new acquisitions, while currently in transition, are being primed to become key value drivers for the group amid concerns of underperformance…
African Century’s total assets increased by 115 percent to ZiG616 million as at December 31, 2024 from ZiG287 million the previous year, mainly driven by growth in the loan book.The micro-lender has been steadily building its capital base to increase resilience in a tight liquidity market.“This growth was primarily driven by a 243 percent growth…
By Jackson T Mashinge IN a landscape where digital transactions proliferate and cyber threats loom large, the financial sector in Zimbabwe is undergoing a seismic shift. Enter Artificial Intelligence (AI), the cutting-edge technology that is redefining the paradigm of fraud detection. No longer merely a buzzword, AI has emerged as a formidable ally in the…
By Mahomed Jassat ZIMBABWE’S story is not just one of struggle. It is a story of resilience. It is a tale of a people who, despite decades of economic sanctions, political pressure, and persistent misinformation, have refused to surrender their dignity or destiny. Today, as the nation steadily reclaims its economic footing and asserts its…
By Ephias Ruhode SINCE the arrival of ChatGPT in November 2022, the world has plunged into disorienting chaos. Governments around the globe are scrambling to regulate what they barely understand as organisations race to adopt AI faster than they can assess its risks. Workers everywhere are left anxiously wondering whether their job will still exist…
By Shephard Kembo A LOT of Zimbabweans in the diaspora have indicated interest to participate and partake in Zimbabwe’s economic growth through available economic platforms and opportunities. Whilst we continue to engage and work with a lot of Zimbabweans in the diaspora, we thought we could stir and stimulate this crucial economic and business discourse…
INVESTORS in Zimbabwe’s industrial and office property sectors have voiced worries about the increasing number of voids.These long-term empty properties have become a structural problem, leading to significant financial losses.In its half-year review, covering the period ending December 2024, the property firm Knight Frank reported that vacancy rates in the Central Business Districts (CBDs) of…
TREASURY says it has reached a concession with the International Monetary Fund (IMF) on a Staff Monitored Programme (SMP), a crucial step toward restructuring Zimbabwe’s US$21 billion debt.The nine-month SMP will see the lender provide technical assistance as part of economic reforms in the southern African country’s arrears clearance and debt resolution process.“Currently, Zimbabwe is…
THE property market has raised environmental and safety concerns about the mass exodus of businesses to residential areas, coupled with the new trend of cluster houses in low-density suburbs.Harare is experiencing a significant shift, with businesses migrating from the Central Business District (CBD) to residential areas and suburbs.This trend is primarily driven by factors like…
A sharp growth in the average selling price for crocodile skins at international markets rescued Padenga’s agribusiness earnings after the company experienced a eight percent drop in skin harvests during the year ended December 31, 2024.The Victoria Falls Stock Exchange (VFEX)-listed crocodile breeder, in its financials for the year under review, said low volumes were…
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