THE Postal and Telecommunications Regulatory Authority (Potraz) says the government should improve its allocation of resources to the sector. In a statement accompanying the sector’s performance report for the third quarter of 2022, Potraz director-general, Gift Machengete, said there was scope for the sector to improve given better power availability, protection against vandalism, resource mobilisation…
TRADE development and promotion body ZimTrade says it is now working towards achieving the country’s 2030 export target of US$14 billion per year. ZimTrade chief executive Allan Majuru expressed confidence that international sales will meet the 2022 target of US$7,3 billion, stating that export growth had been consistent throughout the year. This year has been…
GREEN Building Council of Zimbabwe (GBCZw) says incorporating environmentally sustainable practices in real estate development can act as a catalyst for greening the rest of the economy. GBCZw chairperson Mike Juru made these remarks during a green building and climate action conference organised in partnership with the Environment, Climate and Tourism ministry and supported by…
THE government has been urged to set up community livestock centres with access to supplementary feeding, as part of its drought mitigation measures. The fourth edition of the annual Agricultural Sector Survey highlighted that, given that livestock-producing districts are in semi-arid conditions, key informants noted that the government should incorporate drought mitigation measures in the…
PAN-AFRICAN bank Ecobank has relaunched its ‘Ellevate’ programme that supports women-owned and led businesses with accessible financial products. The relaunch comes at a time female-led businesses across the continent continue to face barriers to accessing lines of credit to expand business operations or retool. Women comprise 40 percent of Zimbabwe’s workforce and constitute roughly half…
CBZ Holdings (CBZ) acquired a stake in First Mutual Holdings (FML) this year to diversify its earnings and strengthen its domestic and regional footprint. Our Staff Writer, Mishma Chakanyuka (MC) had a chat with the CBZ Holdings chairman, Marc Holtzman (MH), pictured, recently who said the merger between CBZ and FML is a regional growth…
THE Treasury plans to restrict tax benefits on Real Estate Investment Trusts (REITs) to specific development areas to avoid abuse of the incentives. The government introduced the incentives earlier this year to encourage participation in infrastructure ownership through REITs — vehicles that allow investment in real estate without having to buy or manage property. “Whereas…
TURNALL Holdings (Turnall) says it will resume the production of inverted box rib (IBR) roofing sheets in the fourth quarter of 2022. In a trading update for the quarter ended September 30, 2022, chairman Bothwell Nyajeka said the resumption of IBR roof sheets production will improve the group’s offering and see the company taking advantage…
THE Victoria Falls Stock Exchange (VFEX) is targeting exchange-traded funds (ETFs), among other securities, to diversify its board. The US dollar-denominated market, which was launched in 2020, listed its sixth counter on Friday and is set to onboard at least two more securities in 2022. “Our thrust as VFEX is to increase the pool of…
FINANCE minister Mthuli Ncube says the country’s move to raise value added tax (VAT) to 15 percent from 14,5 percent starting next month will generate $300 billion that will fund at least five ministries. Ncube told a post-budget review meeting organised by the Confederation of Zimbabwe Retailers that VAT was still low compared to the…
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