AdvertisementsIN THIS exclusive interview, The Financial Gazette’s Almot Maqolo (AM) sits down with Chiedza Chigombe, the president of the Engineering Iron and Steel Association of Zimbabwe (EISAZ), to delve into the current state of the industry, the challenges it faces, and the strategies EISAZ is implementing to foster growth, innovation, and sustainability. With the anticipation…
AdvertisementsCLOTHING firm, Edgars Stores (Edgars) says it is going to spend US$6 million on importing fabrics from Italy and Turkey this current fiscal year, representing a 50 percent rise compared to the same period last year.Advertisements The group operates three divisions, Edgars and Jet retail chain, Carousel manufacturing and Club Plus microfinance. Edgars’ chief executive…
AdvertisementsSTATE-OWNED telecommunications company, TelOne says there has not been any meaningful progress regarding the clearance of its legacy debts despite the government’s commitment to facilitate debt warehousing to free up its balance sheet.Advertisements TelOne is owned by the government through Mutapa Investment Fund which also owns over a dozen of state-owned enterprises. As of January…
AdvertisementsPIPING products manufacturer Proplastics targets to recycle 90 percent of its production waste as part of its strong commitment to Environmental, Sustainability and Governance (ESG) principles.Advertisements This comes after the group commissioned a new recycling plant which increased reusing production waste generated. The plant has improved production efficiencies and reduced energy use through automated mixing.…
Advertisements At the age of 39, Cristiano Ronaldo is back to spearhead Portugal’s bid to become European champions again – in what could be the final major tournament of his incredible career. Ronaldo helped Portugal win Euro 2016 and played a vital part in qualifying for this one as Roberto Martinez’s side won all 10…
AdvertisementsAUTHORITIES have been urged to introduce tax incentives for companies publishing sustainability reports to encourage a shift toward a more socially-conscious form of stakeholder capitalism.Advertisements Environmental, social, and governance (ESG) disclosures in Africa have been gradually evolving and accelerating in recent years, closing the gap with countries in the global north. Companies listed on the…
AdvertisementsTRADE development and promotion body ZimTrade reports an increased demand for Zimbabwean products in the Democratic Republic of Congo (DRC), particularly in productive sectors of the economy.Advertisements ZimTrade has been conducting various trade promotion events in new markets as part of the country’s efforts to grow exports in line with its export growth strategy. The…
AdvertisementsBy Almot Maqolo Staff WriterAdvertisements IN THE wake of South Africa’s election stalemate, business leaders and analysts are speculating about its potential impact on the region’s economy. The African National Congress (ANC) is seeking coalition partners after losing its majority. Ongoing discussions revolve around the formation of the next government. President of the Zimbabwe National…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-304403.mp3?cb=1732287555.mp3AdvertisementsIN Zimbabwe’s dynamic corporate finance sphere, schemes of reconstruction serve as vital mechanisms, particularly in an environment marked by frequent and impactful economic transformations.Advertisements These schemes, which include mergers, takeovers, consolidations, and conversions, provide structured pathways for businesses to optimise operations and strategic alignment while minimising tax burdens. Specific provisions within Zimbabwe’s Capital Gains Tax…
AdvertisementsFINANCIAL services group CBZ Holdings (CBZ) is set to reconfigure its business model to minimise exposure to risks associated with climate change and ensure long-term value for its investors.Advertisements This comes on the backdrop of a catastrophic farming season expected to derail economic growth forecasts. The group has extensive exposure to the agricultural industry through…
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