THE Nyakomba Irrigation Scheme, one of the major projects initiated by the Zimbabwe Smallholder Horticulture Empowerment and Promotion Project, has significantly transformed lives in Manicaland. The transformation follows a US$15 million investment from the government and the Japan International Cooperation Agency (JICA) in 2020, aimed at revamping various irrigation schemes across the country. Deputy director…
THE Reserve Bank of Zimbabwe’s foreign currency reserves increased by 127 percent to US$629 million at the end of March 2025, from US$276 million at the end of April 2024.The central bank said this comes as its foreign reserves accumulation strategy continued to bear fruit.“The foreign reserves have been adequate to cover reserve money as…
CREDITORS of the Cold Storage Company (CSC) are set for a crucial meeting to decide on the adoption of a rescue plan on April 15, 2025.The meeting is in accordance with section 143 of the Insolvency Act.“The plan will be approved if supported by the holders of more than 75 percent of the creditors’ voting…
By Shephard Kembo I HAVE been inundated with calls and requests on the above subject matter and a lot of people pass through our offices seeking to consult on the matter. In this week’s instalment, we seek to debunk the myth that it is difficult to start and run a business in Zimbabwe, let alone…
By Memory Nguwi IN today’s Zimbabwean economy, where liquidity is tight, inflationary pressures persist, and the cost of imported assets is volatile, companies can no longer afford to sustain traditional employee vehicle benefit models. These models, which include fully expensed company vehicles replaced every four to five years, once signalled prestige and competitiveness. However, maintaining…
ON April 5, 2025, the Reserve Bank of Zimbabwe (RBZ) released a vibrant, celebratory poster across all mainstream media channels, marking the one-year anniversary of the Zimbabwe Gold (ZWG), also known as the ZiG. The poster proudly highlighted the major achievements of the currency in its first year, with prominent green checkmarks next to key…
IN the fiercely competitive aviation industry, one Zimbabwean company has taken off and continues to soar high above the rest — both regionally and internationally. Aviation Ground Services (AGS), a…
Gold rose the most in nearly a year as global markets gyrated and the dollar weakened after US President Donald Trump risked a brutal global trade war with sweeping new…
THE International Monetary Fund is anticipating an increase in funding support requests from Africa as US President Donald Trump’s tariffs and aid cuts reduce options. “We live in a shock-prone…
Gates and Paul Allen launched computing giant Microsoft 50 years ago. In 1993, he talked to the BBC about the online innovations that would define the 21st Century. When the BBC first broadcast an interview with Microsoft co-founder Bill Gates in June 1993, there were thought to be only 130 websites in total. The BBC’s venerable science…
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