AdvertisementsPLAYERS in the horticulture sector are poised to export 6 000 tonnes of avocados this year, buoyed by improved production.Advertisements As Zimbabwe’s horticulture industry undergoes revitalisation, government policies aimed at rejuvenating the sector are expected to drive growth. Zimbabwe ranks as the fifth-largest exporter of avocados in Africa. The Horticultural Development Council (HDC) recently provided…
AdvertisementsTHE Consumer Council of Zimbabwe (CCZ) has assured the country of the availability of mealie-meal, even in the face of an El Niño-induced drought and escalating input costs that have disrupted supply chains.Advertisements Also assuring the public, the government asserts that there are enough grain reserves to sustain the nation until the next harvest. “Mealie-meal…
AdvertisementsCFI Holdings (CFI) has outlined plans to make broader cost cutting initiatives across its business operations as well as diversifying its agro-focused retail unit to minimize exposure to a major slump in the agriculture sector. The diversified agro-based conglomerate with retail, farming and milling operations anticipates a difficult year after a poor agricultural season owing…
AdvertisementsPADENGA Holdings says its crocodile business has returned to optimal skin volume production at improved quality placing it in a strong position to maximise skin sales realisations. The rebound follows a 17 percent decline in skin volumes for the crocodile unit in 2022. During the year ended 31 December 2023, the Nile crocodile operations recorded…
Advertisements MICROLENDERS are urging the government to bolster incentives for businesses targeting the youth, a move they believe will catalyse job creation and foster sustainable growth. Advertisements Despite demonstrating their potential to drive economic growth, young entrepreneurs continue to grapple with challenges that stifle their progress. Ringisai Runyowa, CEO of local microfinance firm Probfix Holdings, suggests…
AdvertisementsIN a recent conversation with The Financial Gazette’s Omega Ukama, ZIMRE Holdings’ senior group finance manager, Tafadzwa Mushayi, shed light on the implications of Zimbabwe’s recent transition to IFRS 17. Advertisements The new accounting standard, designed to enhance transparency, has posed distinct challenges for the country’s insurance sector, particularly when contrasted with more mature markets.…
AdvertisementsTHE property market is grappling with a liquidity crunch, a situation that has been identified as the primary challenge currently plaguing the sector. Advertisements Liquidity tightening, a scenario where cash is locked in non-liquid assets or when high-interest rates increase borrowing costs, is at the heart of the issue. Mike Juru, chairman of the Real…
AdvertisementsZIMBABWE’S banking sector is set to tread carefully on non-performing loans (NPLs) this year, in a bid to prevent a resurgence of escalating NPLs as the nation continues its dollarisation process, according to the Bankers Association of Zimbabwe (BAZ). A surge in NPLs can debilitate the operations of financial institutions, as it increases the likelihood…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-301994.mp3?cb=1732287629.mp3AdvertisementsTAX compliance and administration in Zimbabwe has witnessed a significant transformation with the introduction of a new Pay-As-You-Earn (PAYE) return system. Advertisements Effective from January 1, 2024, this new system aims to streamline the process of tax returns for employers and employees alike, offering a modernised approach to tax declarations in both United States dollars…
AdvertisementsSTATE-OWNED telecommunications company, TelOne, says it will make use of its existing infrastructure to set up three new data centres at an estimated cost of US$20 million, despite capital constraints. A data center is a facility housing many networked computers that work together to process, store and share data. The three data centres will be…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More