Advertisements EXPERTS are keeping their fingers crossed that the central bank will intervene decisively next month, to alleviate the myriad challenges that are throttling Zimbabwe’s economy.Advertisements 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 the apex bank’s…
Advertisements INFORMATION technology (IT) and consumer staples stocks are expected to anchor the growth of the local equities markets this year, leveraging their cash-generating capacity and dominant market positions, analysts say.Advertisements Authorities have forecast six percent economic growth for 2025, although challenges such as delayed rains, unprepared farmers, underfunded energy infrastructure, and weak investor confidence…
Advertisements THE Zimbabwe National Roads Administration (Zinara) anticipates a substantial increase in revenue by computerising the system used to monitor abnormal and overloaded trucks at toll gates, a move aimed at reducing leakages.Advertisements This development marks a significant step in modernising Zinara’s collection systems.Zinara’s finance director, Adam Zvandasara, said the main revenue streams, such as…
Advertisements ZIMBABWE’s economic growth is likely to fall short of the government’s six percent projection with analysts citing currency volatility, inflation, and a persistent liquidity squeeze as threats.Advertisements The southern African country has experienced a significant depreciation of the local unit primarily driven by both demand and supply factors which resulted in inflationary pressures.Fiscal and…
Advertisements THE Zimbabwe Revenue Authority (Zimra) has emphasised the importance of ensuring goods reach the market at the lowest possible cost, identifying efficiency and cost reduction as critical components of its trade facilitation efforts.Zimbabwe, a landlocked nation, shares borders with Botswana, Mozambique, Namibia, South Africa, and Zambia.Its primary trading ports include Durban, Beira, and Walvis…
Advertisements THE Zimbabwe Revenue Authority (Zimra) has introduced automated systems to bolster border security, while fostering economic growth and development.Advertisements This initiative coincides with a nationwide crackdown on smuggling, which increasingly threatens legitimate trade, economic progress, and public safety.Speaking at the International Customs Day Celebrations, Zimra Commissioner-General, Regina Chinamasa, explained that the new measures aim…
Advertisements ZIMBABWE’S inflation rate soared in January 2025, with the weighted month-on-month figure reaching 11,6 percent, a sharp rise from 1,1 percent in December 2024, according to the Zimbabwe National Statistics Agency (ZimStat).Similarly, the US$ month-on-month inflation rate jumped from 0,6 percent in December to 11,5 percent in January, reflecting a 10,9 percentage point increase.Meanwhile,…
Advertisements THE proliferation of smuggled goods on the local market is having an adverse effect on the viability and growth of business, National Foods Holdings Limited (Natfoods) chief executive, Michael Lashbrook, has said.The development has culminated in recent shutdowns by several formal businesses across the country.Speaking in Harare recently, Lashbrook said smuggling has created an…
Advertisements LEADING tax advisor, Marvellous Tapera, has called on the government to revise the country’s tax structure, asserting that the current framework does not support a business-friendly environment conducive to growth.Advertisements In an interview with The Financial Gazette, Tapera, who is also the managing director of the consultancy firm, Tax Matrix, emphasised the importance of…
Advertisements Elton ManguwoStaff WriterAdvertisements BUSINESS has applauded the Reserve Bank of Zimbabwe (RBZ) for its recent introduction of the Targeted Finance Facility (TFF), a measure aimed at boosting funding for the productive sectors of the economy and addressing the prevailing market liquidity challenges.The roll-out of the TFF is expected to provide much-needed financial support, stimulate…
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