INNSCOR Africa (Innscor) says its investment programme has led to the establishment of new business units and products, enabling the expansion and modernising of existing manufacturing lines and product categories. The Victoria Falls Stock Exchange-listed group said the investment will ultimately enhance the overall manufacturing efficiencies and capabilities of the group as critical mass is…
MICROFINANCE institutions (MFIs) extended $418,37 billion in loans to various productive sectors of the economy during the second quarter that ended June 30, 2023, a 549 percent increase from the prior period, official figures reveal. According to data from the Reserve Bank of Zimbabwe (RBZ), loans disbursed during the quarter increased from $64,46 billion in…
ZIMPLOW Holdings (Zimplow) continues to channel efforts towards the refinement of current product offerings, as well as improving the customer experience in the provision of after-sales products. In a trading update, the diversified manufacturer said its research and development unit was actively working on the development of new products that meet the needs of the…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-298088.mp3?cb=1732287672.mp3THE Reserve Bank of Zimbabwe (RBZ)’s Monetary Policy Committee (MPC) recommended that the government removes IMTT on transactions that are intermediated through plastic bank cards and other digital platforms. The recommendation was part of resolutions of the MPC meeting held on October 23, this year. Prior to the MPC meeting, the Confederation of Zimbabwe Industries…
In the heart of Lupane, Matabeleland North, western Zimbabwe, lives Nomater Dube, a small-scale farmer, who upon gazing at her barren fields, recalls the lush green paradise of maize plants…
THE late start of this year’s rainy season is causing significant anxiety among both farmers and economic experts, amid rising fears for the country’s growth prospects going into 2024.Advertisements The late onset of the rains has been attributed to strong El Niño climate patterns, which are forecast to reach peak intensity as this year ends,…
CONCERNS remain over the destabilising impacts of currency volatility on the economy, with monthly inflation having shot up by two percent in November to 4,5 percent, the biggest rise since May. Year-on-year inflation for the month was 21,6 percent, compared to 17,8 percent in October. Economic analyst Prosper Chitambara said the relatively sharp rise in…
MEIKLES says its employee costs, which made up 55 percent of operating costs, increased by 169 percent during the half year ended August 31, 2023. The diversified group’s chairman, John Moxon, said during the period under review, salaries and wages were fixed in US dollars at collective bargaining forums with an option to pay in…
FINANCE minister Mthuli Ncube is expected to pay attention to the concerns of business in his national budget statement today, which comes amid a number of pending recommendations from industry and commerce. It comes as business has urged the government to make additional tax adjustments in its 2024 budget, to further improve the local operating…
THE Zimbabwe Revenue Authority (Zimra) has initiated roadblocks and mall patrols as part of measures to enforce customs laws. Smuggling is considered a major problem for the country as the Reserve Bank of Zimbabwe estimates that as much as US$1,5 billion is lost each year through illicit flows. Zimra’s spokesperson Gladman Njanji said the patrols…
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