AdvertisementsZimbabwe’s currency, the Zimbabwe Gold (ZiG), may achieve stability only when demand for it reaches critical levels within the economy, says Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee member Persistence Gwanyanya. Since its introduction in April, the ZiG has faced turbulence, recently devaluing from around 14 to nearly 25 to the US dollar. This…
AdvertisementsTHE Central Mechanical and Equipment Department (CMED) says it plans to introduce interest rates for clients who delay payments starting next year. This comes as the state enterprise has faced financial difficulties due to delayed payments from government ministries and departments.Advertisements “To mitigate against that, we will be asking for shareholder consent to reciprocate what…
AdvertisementsTHE government has announced its commitment to implementing effective policy interventions to support local industries in a bid to create a fair business environment for all sectors, with a particular focus on small and medium enterprises (SMEs).Advertisements Speaking at a strategic planning workshop that reviewed past achievements and challenges, Industry and Commerce minister, Mangaliso Ndlovu,…
AdvertisementsPrisca Tshuma Staff WriterAdvertisements ZIMBABWE’S trade deficit grew to US$207,6 million in September 2024, marking a 4,2 percent increase from August’s figure of US$199,1 million, according to the latest data from the Zimbabwe National Statistics Agency (Zimstat). Both imports and exports declined in the month under review, widening the deficit. A trade deficit occurs when…
AdvertisementsTHE government and the European Union (EU) have signed four agreements worth 75 million Euros (over US$80 million) to support to support agriculture, conservation and building community resilience.Advertisements “Zimbabwe is grateful for the EU support, and today marks another milestone in our cooperation. The support is building upon and reinforcing the investments made under the…
HIGH-end custom cabinet maker Oppein Group says its local operations are progressing well in just two years after entering the country underpinned by a surge in demand for luxury furnishings.
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-310046.mp3?cb=1735912550.mp3AdvertisementsANGLO American says platinum group metals (PGMs) output at its Zimbabwean unit, Unki Mine, slightly retreated by one percent to 179 700 ounces in the first nine months of 2024 from 182 000 ounces in the comparable period last year.Advertisements The marginal drop reflects Unki’s struggles to match its previous year’s performance down to operational…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-309958.mp3?cb=1735912774.mp3AdvertisementsDIVERSIFIED insurance firm, First Mutual Holdings Limited (FMHL) says it is in talks with potential partners to invest close to US$40 million in various projects at its flagship Arundel office park in Harare.Advertisements This follows the completion of the expansion of the Arundel office park, which features a double-storey building with basement parking. The project…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-309832.mp3?cb=1735913180.mp3AdvertisementsTHE Treasury has announced that the rules governing the operation of the Minerals Commodity Exchange have been finalised, and trading is expected to begin shortly.Advertisements The exchange, which will be managed by the Victoria Falls Stock Exchange (VFEX), is set to be established in a special economic zone and will conduct its operations using the…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-309831.mp3?cb=1735913741.mp3AdvertisementsTHE National Social Security Authority (Nssa) is set to extend social security coverage to informal workers, with plans to launch a pilot scheme in 2025 before expanding it nationwide.Advertisements This move aims to address a long-standing challenge faced by developing countries — how to provide social security for informal sector workers. The country’s informal sector…
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