By Elton ManguwoStaff Writer THE government says it is taking a strategic shift towards fostering rural industrialisation, underpinned by advancements in climate-smart agricultural practices.This initiative aims to drive sustainable economic growth across the country.By leveraging climate-smart agricultural innovations, the focus is on enhancing economic opportunities in rural areas, where primary production takes place.Delivering a public…
THE Zimbabwe Agricultural Society (ZAS) has reported a strong financial position for 2024, supported by a solid asset base and healthy liquidity levels.Speaking on the organisation’s financial performance, ZAS chief executive Rufaro Gunundu stated that the society had achieved an operating surplus while maintaining stable total assets.“In the year 2024, we ended up with an…
OSHAKATI, Namibia — Sam Nujoma, the fiery white-bearded freedom fighter who led Namibia to independence from apartheid South Africa in 1990 and served as its first president for 15 years, and became known as…
THE country’s foreign currency receipts grew by 21 percent in 2024 reaching US$13,316 billion from US$11 billion received in 2023 thanks to strong exports, latest figures from the Reserve Bank of Zimbabwe show. Exports proceeds (59,2 percent), international remittances (16,2 percent) and loan proceeds (11,9 percent) dominated the foreign currency inflows. “The improved foreign currency…
THE country’s banking sector remains stable and profitable, sustained by growth in deposits and asset base while non-performing loans remain within acceptable international benchmarks, the Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu has said. In his latest monetary policy statement, Mushayavanhu said the banking sector, despite encountering some temporary liquidity shocks, withstood headwinds in…
THE Eight2Five Innovation Hub, powered by Old Mutual Zimbabwe, is excited to announce the launch of the Trade and Grow Beyond Borders Program, in partnership with DHL GoTrade. This initiative…
THE Zimbabwean government’s latest crackdown on the informal economy is both misguided and impractical.While the Ministry of Finance’s measures, including mandatory point-of-sale (POS) machine use and restricting manufacturers from selling directly to informal traders, are ostensibly aimed at increasing tax compliance and formalisation, they fail to address the root causes of informalisation.Instead of forcing businesses…
THE Zimbabwe Revenue Authority (ZIMRA) has launched an employee management module under its TaRMS platform to streamline employee registration and earnings declarations, making the tax process more efficient for employers. The new module came into operation in January 2025, coinciding with the submission of PAYE returns.According to a statement from ZIMRA, the module introduced several…
THE African Export-Import Bank (Afreximbank) has entered into a significant strategic partnership with CBZ Holdings and CBZ Bank, signing a US$50 million facility to support the bank’s short-term financing needs. Despite securing US$115 million from three development finance institutions in 2024, the bank acknowledges that these funds have not been sufficient to address the severe…
THE Reserve Bank of Zimbabwe (RBZ) says the market is liquid despite concerns from industry about the liquidity crunch stifling economic growth.Speaking at a launch of the Zimbabwe Economic Update, RBZ deputy governor Innocent Matshe said the recently introduced Targeted Financial Facility (TFF) is designed to distribute liquidity more evenly across the financial sector.“Liquidity is…
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