ZIMBABWE and its regional peers should mount a campaign to counter increased international restrictions on trophy hunting and trade, a new report says.Advertisements According to a biodiversity economy report, which was commissioned by the government, recreational or sport hunting is a major component of wildlife tourism in Zimbabwe, which generated US$19 million from fees in…
TSL says the execution of its strategy, which encompasses improving operating efficiencies and increasing capacity utilisation, has enhanced the group’s profitability despite the challenging operating environment. In a trading update for the third quarter that ended July 31, 2023, TSL said the group’s profitability continued to grow, driven by improved operating efficiencies and increased capacity…
CBZ Holdings says it is offering funding for infrastructure development to local authorities across the country, starting with a model project for councils under the Harare Metropolitan province. CBZ wholesale, corporate, and investment banking executive Phibeon Mutibura told The Financial Gazette that the institution was proposing a public /private partnership model with the local authorities.…
UNIFREIGHT Africa (Unifreight) says it is optimistic that government will intervene to curtail informal imports that have been competing with locally-produced goods. This comes as the group recently expressed concern over the suspension of import duty on basic commodities by the government, saying any disruption to the formal sector is likely to have negative consequences…
RETAILERS in Zimbabwe say they are fighting for survival in the face of rising competition from informal traders who tend to charge lower prices because they are not subject to regulatory requirements. This comes as Metro Peech & Browne (Metro Peech), one of the country’s largest wholesalers, has gone into corporate rescue after falling insolvent.…
AFRICAN leaders have called for the operationalisation of the Loss and Damage Fund at the upcoming United Nations Climate Conference (COP 28) to help the continent deal with the effects of…
THE tax reforms initiated by the Zimbabwe Revenue Authority (Zimra) will provide a much-needed fillip to both business and the fiscus, experts say. This comes as Zimra is developing a new Tax and Revenue Management System (TaRMS) to address significant shortcomings under the current system and to further improve the country’s ease of doing business…
SUGAR producer Hippo Valley Estates says 17 sugar brands were imported into the country after the lifting of restrictions last year through the promulgation of a statutory instrument. In a statement accompanying the company’s 2023 annual report, Hippo Valley said the imported brands made significant market inroads during Statutory Instrument 98’s six-month tenure going up…
GWERU-based ferrochrome processor Zimbabwe Alloys (ZimAlloys) says it requires US$16.3 million to restart two of its biggest furnaces. Managing director, Deric Dube, recently told The Financial Gazette that the funds would be raised through a phased approach. “At the moment, we don’t have virgin ferroalloy production; the ferroalloy that we trade and produce at the…
NEWLY-APPOINTED cabinet secretary Martin Rushwaya is expected to drive government’s economic agenda by sharpening policy coherence and helping the country to attract investments, analysts say. This comes as President Emmerson Mnangagwa has unveiled quite a number of key programmes, including the creation of the Mutapa Investment Fund, to shore up and reform certain aspects of…
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