Musawenkosi Dzheka IN a year defined by Zimbabwe’s economic recalibration, Fidelity Life Assurance of Zimbabwe (FLA) emerged as a case study in strategic resilience and fragile progress. The firm’s 2024 financial results painted a picture of significant asset growth and profitability gains, yet also raised critical questions around equity erosion, compliance complexity, and long-term sustainability.As…
THE Infrastructure and Development Bank of Zimbabwe (IDBZ) is strategically pursuing external partners to diversify its equity structure and reduce dependence on government funding in line with partial privatisation of some state entities.IDBZ – which is wholly owned and capitalised by the government – wants to evolve into a self-sustained full-fledged development finance institution capable…
ECONET Wireless Zimbabwe is gearing up for a strong presence at this year’s Zimbabwe International Trade Fair (ZITF), where it will unveil a range of cutting-edge technological innovations.Reliable sources have confirmed to this publication that the listed telecoms giant will use the premier business showcase to launch new solutions and engage with customers, partners, and…
Caledonia Mining Corporation has successfully completed the sale of its local subsidiary, Caledonia Mining Services (CMS), to Cross Boundary Energy Holdings (CBE) for a pre-tax consideration of US$22,35 million payable in cash.CMS owns and operates the 12,2MWac solar plant that supplies power to Blanket Mine, its primary gold asset.“By selling the plant for US$22,35 million,…
THE Zimbabwe Consolidated Diamond Company (ZCDC) says its output has been on an upward trend following the acquisition of production ramp-up equipment.The diamond miner said this is despite the softening commodity prices on the global market in recent times owing to geopolitical factors and the influx of synthetics.ZCDC corporate affairs executive Sugar Chagonda said that…
RAINBOW Tourism Group’s Montclair Resort & Conference Hotel is the ideal leisure destination for families, adventure seekers, and nature lovers looking for an unforgettable getaway this Easter. Nestled in the…
THE People’s Own Savings Bank (POSB) grew its lending portfolio by 107 percent to ZiG987,3 million during the year ended December 31, 2024 from ZiG476,1 million a year earlier, mainly supporting agriculture and property sectors.This comes as authorities have been advocating for local banks to revert to lending as their primary source of revenue as…
ARISTON Holdings (Ariston) says its operations have been severely affected by the soaring cost of key inputs such as electricity, fertilisers, and crop chemicals piling pressure on profit margins.The agro-industrial concern was further hit by a 21 percent decline in export tea selling prices resulting in 60 percent decline in export tea revenue.In its financial…
ZIMBABWE’s corporate citizenry has progressively been ignoring the importance of the key stakeholder, who is the customer, resulting in the manifestation of that reflecting in most corporates’ bottom lines. In this instalment we seek to unravel and unpack why it has been like that, and what could be done to reverse this cancerous corporate misdemeanour.In…
ZIMBABWE’S tax system is undergoing significant transformation, shaped by globalisation, technology, policy trends, and socio-economic pressures. This dynamic environment brings complex compliance challenges, but also strategic opportunities for businesses navigating the evolving fiscal terrain.Key legislative reforms were introduced to apply effective from 2025, among them accelerated VAT remittance, 10 percent punters tax, one percent fast…
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