THE real estate sector topped projected investment values for the fourth quarter of 2024, with an estimated US$2 billion, representing 43,60 percent of the total projected investment for the period, according to the Zimbabwe Investment Development Agency (ZIDA).AdvertisementsReal estate remains a proven avenue for wealth creation, and Zimbabwe’s property market offers diverse opportunities. From residential…
VICTORIA Falls hotels experienced a slight decline in occupancy levels during the recent festive season, with average occupancy falling to 62 percent compared to 65 percent in the same period the previous year.This decrease has been attributed to the poor state of the road network and the high cost of air travel.Traditionally, local travellers, particularly…
THE government has expressed confidence in achieving a six percent economic growth rate this year, attributing the optimism to a rebound in agriculture and ongoing capital investments in the manufacturing sector.Speaking to The Financial Gazette, the Finance minister, Mthuli Ncube, emphasised that favourable weather patterns are key to reaching the target.“If the current weather trajectory…
DELTA Corporation (Delta) will this year prioritise cutting costs across its supply chain in pursuit of more profitable growth, a senior company executive has said.The beverage-maker has been hit by a plethora of operational challenges mainly the sugar tax, exchange rate distortions and foreign currency shortages to procure raw materials.In a recent interview with The…
TANGANDA Tea Company is set to issue dates for an extraordinary general meeting of shareholders to consider and approve the proposed listing of a new class of shares on the Victoria Falls Stock Exchange and issuance of a rights offer to raise US$8 million.The Zimbabwe Stock Exchange (ZSE)-listed group initially wanted to migrate to the…
THE life assurance sector has recorded a 140 percent increase in foreign currency revenue, reaching US$76,91 million, as policyholders shift from local currency-denominated policies to forex-based oneAdvertisementsThis significant growth compares to the US$32,1 million recorded during the same period in 2022.“Given that a substantial portion of the business is recurring, the rise in forex revenue…
THE Confederation of Zimbabwe Industries (CZI) has cautioned that achieving the government’s inflation targets hinges on authorities creating sufficient demand for the local currency.AdvertisementsWhile acknowledging the role of tight fiscal and monetary policies in stabilising ZiG inflation, the CZI emphasised that these measures alone are insufficient without a corresponding increase in ZiG use.The 2025 budget…
Elton ManguwoStaff WriterAdvertisementsKaro Mining House (KMH) is on the brink of securing a US$225 million in debt financing, marking a significant step towards the development of its strategic platinum project located in Zimbabwe’s Great Dyke, a top company official has revealed.This financial backing is expected to expedite the company’s efforts in establishing a strong foothold…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-312841.mp3?cb=1737539742.mp3Unifreight Africa Limited has announced that it is currently engaged in negotiations for a transaction that could significantly impact its financial standing and share price.“Shareholders are advised that the Transaction remains subject to, among other things, the completion of due diligence, ongoing negotiations, and any required regulatory and shareholder approvals. There is no certainty at…
PLASTIC and pipes manufacturer, Proplastics Limited (Proplastics) expects volumes to significantly recover in the fourth quarter thanks to increased plant capacity from newly installed machinery.AdvertisementsThis comes after production volumes declined by five percent in the nine months to September 30, 2024 due to power outages that impacted factory efficiencies compared to the previous period.Nationwide power…
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