THE Institute of Architecture Zimbabwe (IAZ) is set to host a major conference on the development of climate-resilient architecture and infrastructure. The event, scheduled for next week, aims to raise…
SOARING crime, including rampant corruption and brazen armed robberies, is costing business and the national economy hundreds of millions of American dollars a year, experts warn.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 in addition to the…
AXIA Corporation (Axia) is planning a robust e-commerce sales strategy to grow market share by enhancing accessibility of its products to customers amid stiff competition from the informal sector.The Victoria Falls Stock Exchange (VFEX)-listed manufacturer and retailer of home furniture and appliances, heavily relies on formal retail channels to sell its products, which until recently…
A COMMON question among banking customers is why they do not earn interest on their accounts. The answer is not as straightforward as it may seem, as several factors influence the interest rates on deposits. This article aims to educate the public on the types of accounts and deposit tenures that can earn interest, which…
RAINBOW Tourism Group (RTG) bolstered its balance sheet during the year ended December 31, 2024 after its right-of-use assets increased more than 400 percent to US$968 765 from US$185 984 in 2023.Coupled with recently acquired equipment and developments on properties, the group’s total assets gained 19,6 percent to settle at US$64,515 million from US$53,954 million…
INNSCOR Africa (Innscor) says it invested US$35,849 million into capital projects for expansion of key subsidiaries during the six months to December 31, 2024 driven by increased cash flow generation from its operations.The Victoria Falls Stock Exchange (VFEX)-listed manufacturer of consumer staples is a significantly efficient cash generative operation, with cash flow from operating activities…
THE late onset of the summer rains adversely affected TSL Limited (TSL)’s agricultural unit Agricura, resulting in the group’s topline suffering a nine percent decrease during the first quarter ended January 31, 2025, the company has said.In its trading update for the quarter, Agricura’s revenue was eight percent below the prior year owing to depressed…
AFRICAN Sun is set to hand over the Great Zimbabwe Hotel to KEFMEG Investments on April 1, 2025, completing the ownership change transition following a US$4,2 million deal reported last month.African Sun is strategically disposing of assets, including Monomotapa Hotel in Harare, to raise capital and improve its primary portfolio, as part of a value-unlocking…
BRICK-making concern, Willdale Limited (Willdale), posted a seven percent decline in sales volumes for the full year ended December 31, 2024, as operational inefficiencies continue to hamper output.The Zimbabwe Stock Exchange (ZSE)-listed firm, in its 2024 annual report, said volume performance was hindered by working capital shortages, which was affected by the group’s strategic change…
MOST great economies in the world have benefited from entrepreneurship and informal businesses that have managed to transition and graduate to become big corporations. Zimbabwe has not been an exception when it comes to a rapid growth of the informal sector.The informal sector in Zimbabwe continues to play a very important role in terms of…
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