FARMERS say they hope not to experience the same payment challenges that they have been facing in past seasons, particularly with delays, as they deliver this year’s summer crop. This comes as the government is expecting over 3,2 million tonnes of cereals against a requirement of 2,2 million tonnes. It also follows a record 375…
THE National Social Security Authority (Nssa) says its social security scheme targeted for the informal sector will be operational next year. The administrator of Zimbabwe’s mandatory state pension scheme says more than five million citizens are threatened with old age poverty due to a social security coverage gap in the country. An International Labour Organisation…
THE Zimbabwe Builders Contractors Association (ZBCA) says women’s participation in the country’s construction sector has grown significantly following some interventions by various groups to improve gender equity in the male-dominated industry. ZBCA president Petros Kagwere recently told The Financial Gazette that the organisation has established a desk that looks after women’s welfare within the industry.…
WITH key indicators showing Zimbabwe’s increasing bias towards the US dollar (US$), industry has warned that a re-dollarisation of the economy would be catastrophic. In a recent note, the Confederation of Zimbabwe Industries (CZI) pointed to the increase in the proportion of foreign currency-denominated loans from about 37 percent in December 2021, to 64 percent…
ZIMBABWE’S largest tea producer, Tanganda Tea Company (Tanganda), says it has invested US$8 million in solar projects and plans to further develop three solar mini plants for a cumulative total of US$4 million over the next three years. This comes as Zimbabwe is currently experiencing debilitating rolling blackouts, which have negatively affected the productive sectors…
MASHONALAND Holdings (Mash Holdings) says the property market continues to evolve for survival in response to the headwinds in the economy. Zimbabwe has been experiencing economic challenges, which have affected different sectors of the economy, including the property market. “The incessant macro-economic challenges have seen some sectors within the property market failing to provide an…
PLAYERS in the building and construction industry are ramping up recycling efforts in a bid to promote the circular economy, which they see as a new source of revenue. A circular economy is defined as a system of economics focused on the recycling and regeneration of materials or goods, particularly as a means of sustaining…
ONE of Harare’s notable milling companies, Classic Super Foods (CSF), has called on the government to provide more support to smaller indigenous millers. Speaking on the sidelines of a tour of CSF organised by the Entrepreneurs Network of Zimbabwe in Harare recently, the company’s chief executive, Alvin Mparutsa, said the smaller players needed support to…
The tourism industry is confident that the coming in of new airlines will enhance the country’s competitiveness in the region and the world. It comes as there has been a flurry of airlines adding Zimbabwe to their routes over the past six months. “We celebrate the coming in of Zambia Airways, as we have always…
A Mexican golf course designed by Tiger Woods will host the 2023 World Wide Technology Championship. The 15-time major champion designed El Cardonal, located at Diamante Cabo San Lucas, based on the courses he grew up playing in southern California. The par-72, 7,300-yard course – which overlooks the Pacific Ocean – opened in 2014. The…
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