RENOWNED economist and businessman Eddie Cross says authorities must expeditiously de-dollarise to save the economy from implosion. Speaking to Group Editor-In-Chief Guthrie Munyuki on his widely followed news and current affairs programme, Vantage, on national independent commercial television station, 3Ktv, Cross said dollarisation was a threat to the country’s productive sector.Below are excerpts of the…
CASSAVA Technologies announced today that it plans to build Africa’s first AI factory — a powerful and super-secure data centre facility powered with NVIDIA AI computing technology. This will give…
THE Life Offices Association (LOA), which represents life assurance companies, is urging policymakers to implement reforms that protect the value of insurance investments as Zimbabwe potentially transitions to a mono-currency regime by 2030. The LOA’s call comes amid rising concerns over currency instability and the potential long-term effects of a single-currency system on investments. Speaking…
THE Tobacco Industry and Marketing Board (TIMB) is touting expanded opportunities for investors to produce nicotine from tobacco waste. In an interview with The Financial Gazette, TIMB’s acting chief executive officer, Emmanuel Matsvaire, revealed that Zimbabwe generates significant tobacco waste, far exceeding the capacity of the country’s sole nicotine production facility. “The current factory cannot…
THE Agricultural Marketing Authority (Ama) projects that the market size for macadamia nuts will reach US$1,79 billion this year, driven by high demand ahead of the harvesting season. The crop, set to be harvested in April, is showing improved quality compared to the previous season. In a statement yesterday, Ama said the nuts are expected…
AFRICAN Extracts, a local start-up, has pioneered an eco-friendly method to manage tobacco waste, which was previously discarded in ways that harmed the environment. During a tour of the company’s nicotine extraction plant in Harare, chief executive Sunny Singh explained that converting tobacco waste into nicotine promotes environmental sustainability. “We currently generate 1 200 metric…
THE Ministry of Finance says the Mukuru Wallet will bridge the gap in financial inclusion in the country for underserved rural populations, including women, youth, and people with disabilities. Speaking at the launch in Harare, Deputy Minister of Finance Kudakwashe Mnangagwa said the rollout of the Mukuru Wallet is an opportunity due to the significant…
Remittances may be measured through the movement of money, but their real impact is measured in lives changed. Africa’s diaspora, projected to make up over 25% of the global population,…
Boxing heavyweight legend George Foreman has died aged 76. Known as Big George in the ring, the American built one of the most remarkable and enduring careers in the sport,…
THE Tax Indaba hosted by The Financial Gazette last week has once again highlighted the urgent need for Zimbabwe to refine its tax system.While the government has made commendable strides in addressing tax compliance and revenue collection, the discussions at the annual conference underscored persistent challenges that, if left unaddressed, could stifle economic growth and…
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