AdvertisementsIN A move emblematic of Zimbabwe’s growing influence in regional financial circles, Malvin Chidzonga of Nivteil Capital has been elevated to the co-chairmanship of the Research and Advisory Council of the Southern Africa Association of Sovereign Wealth and Pension Funds (SAASWPF).Advertisements Additionally, Chidzonga will lend his expertise to the SAASWPF investment committee. Sovereign wealth funds,…
AdvertisementsINTEGRATED Properties, a prominent local real estate firm, has cast doubt on the potential of the nascent Zim Cyber City to dethrone Harare’s central business district (CBD) as the economic nucleus of Zimbabwe in the foreseeable future. Advertisements The ambitious project, a cutting-edge, multifaceted development, is taking shape in Mount Hampden, earmarked as the new…
AdvertisementsTHE Zimbabwe Stock Exchange (ZSE) says it is optimistic of a “quick” resolution to the dispute between the government of Zimbabwe and-Old Mutual Zimbabwe (OM) and PPC Zimbabwe over the trading suspension of their shares on the local bourse. Old Mutual and PPC have been in protracted engagements with the government of Zimbabwe since their…
AdvertisementsTANGANDA Tea Company (Tanganda) is warming up to the idea of introducing solar-powered irrigation at its tea plantations following installation of three solar plants with a combined capacity of 4,4 megawatts (MW) meant to alleviate its huge energy bill. The company, which also produces coffee, macadamia nuts and avocados has been grappling with rolling electricity…
AdvertisementsZIMBABWEAN local authorities have been urged to embrace innovative fundraising tools available in capital markets to address the nation’s crumbling infrastructure. Efforts to improve the quality of roads, power supply, and basic services are seen as central to the country’s economic growth. “Evidence from other economies clearly demonstrates that capital market financing is instrumental in…
AdvertisementsZIMBABWE’S construction sector is entering the second quarter with considerable momentum, backed by a series of infrastructure projects poised for commencement, according to industry players.Advertisements The upbeat outlook aligns with governmental projections, which forecast a 3,4 percent growth in the construction sector for the current year, dovetailing with the national ambition to erect 220,000 housing…
AdvertisementsCFI Holdings (CFI) says local procurement of raw materials has significantly increased its productivity and helped it save its much-needed foreign currency after cutting down foreign-sourced supplies to less than 20 percent of total procurement.Advertisements In the aftermath of the Covid-19 pandemic, local businesses have been reluctant to procure raw materials from foreign suppliers owing…
AdvertisementsTHE Montclair Hotel, a sprawling complex tucked into the misty Nyanga highlands, seemed to murmur with echoes of an era gone by. General manager Brian Nyakutombwa, impeccably dressed and with a thoughtful air, traced the hotel’s seven-decade journey as he sat in the wood-paneled lobby. “This place,” he began, a note of fondness in his…
AdvertisementsLOCAL financial institutions should proactively adopt green mortgages as a distinct product offering to promote climate action, a local property company has urged. A green mortgage is a preferential lending scheme offered by a bank or lender to a buyer who can demonstrate that the property they are borrowing for meets certain environmental criteria. This…
AdvertisementsLIQUIFIED Petroleum Gas (LPG) consumption in Zimbabwe was up by 10,36 percent in 2023 to reach 66,1 million kilograms, highlighting the nation’s reliance on alternative energy in the face of worsening power blackouts. The surge in LPG usage, driven primarily by industrial and residential demand, suggests that power cuts are hindering economic activity. Peak consumption…
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