finance

Hospitality sector on track to meet 2030 target

THE Hospitality Association of Zimbabwe (HAZ) says the hospitality sector is on track to meet its 2030 infrastructure development target, as several new investments come on board. The sector currently faces a significant infrastructure deficit, with an estimated nationwide shortage of at least 6 000 hotel rooms to meet projected demand. While the sector has…

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‘High interest rates squeezing industry’

THE CEO Roundtable says the decision by the Reserve Bank of Zimbabwe (RBZ) to keep the bank policy rate at 35 percent will continue to restrict industry’s access to capital. In its latest monetary policy statement, the central bank said the stance would remain in place depending on inflation trends and the performance of other…

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‘Free the ZiG market’

RENOWNED economist Eddie Cross estimates that Zimbabwe’s total economy, including the massive informal and “grey” sectors, could be worth over US$100 billion. Speaking to Group Editor-In-Chief Guthrie Munyuki on his…

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