AXIA Corporation (Axia) says it is exploring solar energy to power its operations amid high electricity costs. With the high cost of fuel and rising cost of electricity, renewable energy is quickly becoming a more attractive option for companies in the country. Specifically, solar power is a preferred source for sustainability and cost-effectiveness and a…
COMPANIES listed on the Zimbabwe Stock Exchange (ZSE) and the Victoria Falls Stock Exchange (VFEX) will, starting in January, be required to report on sustainability issues as part of their financial disclosures. This comes as investors have been increasingly incorporating non-financial factors — environmental, social, and governance (ESG) — into their analysis, which has prompted…
ECOCASH Holdings (EcoCash) recorded a 40 percent surge in revenue to $218 billion for the year ended August 31, 2023, compared to $155 billion in the prior period, as the group’s fintech business continued to be the largest revenue contributor. The diversified group’s board chairperson, Sherree Shereni, said 76 percent of the group’s revenue was…
BUSINESS has continued to lobby the government to repeal a law that requires a quarter of all export earnings to be converted to domestic currency. The law was enacted in 2019 to increase foreign currency flows through official channels, which remain limited due to the economy’s high level of informality. The law has been tweaked…
Arbitration is the out-of-court resolution of a dispute between two business parties by an unbiased third party, the arbitrator. Arbitration may appear to the uninitiated as the less appealing relative of litigation. Nonetheless, because of its speedier resolution, cheaper overall cost, and binding ruling, arbitration should be the preferable choice for corporate clients. Arbitration clauses…
THE deputy chief secretary in the office of the President, Willard Manungo says the government has embraced genome editing tools and recognised its immense potential for revolutionising agriculture, health, and conservation of biodiversity among others. Genome editing allows the modification of a genome more precisely than other forms of breeding. It can reduce the breeding…
NATIONAL trade development and promotion organisation, ZimTrade, expects local companies to tie up deals worth at least US$20 million at the third Intra-Africa Trade Fair (IATF), held in Cairo, Egypt last week. This comes after Zimbabwean companies sealed deals worth US$15 million at the previous IATF held in South Africa in 2021. ZimTrade has facilitated…
EXPERTS say the adoption of US dollar-pegged tariffs for telecommunication services could boost the sector’s capacity to invest in critical infrastructure.Advertisements The Postal and Telecommunication Regulatory Authority of Zimbabwe (Potraz) recently approved a 100 percent industry-wide Zimbabwe dollar tariff increase with effect from November 1, 2023, saying the move was necessary to ensure the viability…
THE Zimbabwe Building and Construction Association (ZBCA) says disruptions in the supply of cement have significantly slowed momentum in the sector, which had gathered pace.Advertisements This comes as the industry has been on a rebound following Covid-19, which saw a number of projects coming to a halt due to movement restrictions. It also comes as…
BUSINESS is dismayed that authorities continue to approve power utility Zesa Holdings (Zesa)’s electricity tariff hikes without ensuring increased energy supply in the country. At the same time, worried captains of industry and commerce also emphasised this week that business did not have issues with cost-reflective electricity price increases, which guaranteed supply. This comes after…
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