IN business and in life we all seek to stand out from the crowd. Having stood out from the crowd, we want to protect our competitive edge, be it be our services, our work product (goods), or our ideas. That is exactly the purpose of a trademark. A trademark provides protection to the owner of…
BUSINESS is cranking up its push for another stimulus package to help commerce and industry recover from the residual effects of Covid-19 and economic strife. Speaking to The Financial Gazette this week, business leaders said the issue of a fresh stimulus package had become more urgent in light of the dire economic challenges experienced over…
DIVERSIFIED financial services group Old Mutual Zimbabwe (Old Mutual) is targeting to open up more credit facilities to the productive sectors of the economy in the second half of the year. Addressing shareholders at the group’s analysts briefing this week, Old Mutual chief executive Samuel Matsekete said the group’s appetite for lending remains firm. “As…
ZIMBABWE’S broad money increased by 15,25 percent to $1,1 trillion in June 2022, compared to $973,5 billion recorded in May 2022, the Reserve Bank of Zimbabwe (RBZ) has said According to the RBZ’s monthly economic review for June, the increase reflects an expansion of $98,75 billion and $49,40 billion in foreign currency deposits and local…
AGRICULTURE minister Anxious Masuka says the government will maintain various agriculture support programmes, saying this remains critical for Zimbabwe’s economic development. This comes after criticism of government support programmes, which some economic analysts say are unsustainable and are bleeding the fiscus. This has seen calls coming from various sectors for the government to create an…
ECOBANK Zimbabwe (Ecobank) says its half-year operating income grew 55 percent year-on-year from $9,74 billion to $15,08 billion in inflation adjustment terms, driven by significant foreign exchange earnings. In a statement accompanying the bank’s half-year results for the period ended June 30, 2022, managing director Moses Kurenjekwa said non-interest income also marginally contributed to revenue…
ECOBANK Zimbabwe (Ecobank) is revelling in the honour of being crowned the top banking institution for the third consecutive year in the prestigious Top Companies Survey (TCS) awards earlier this year. The TCS, which is conducted by Zimbabwe’s leading financial and business paper, The Financial Gazette, in partnership with Old Mutual Zimbabwe honours the top-performing…
ZIMBABWE legalised industrial hemp farming in 2019 before promulgating a statutory instrument guiding its production in 2020. At least 26 producers are currently licensed to produce the crop in Zimbabwe. Our Senior Staff Writer Farai Mabeza (FM) caught up with Agriculture Marketing Authority (AMA) chief executive Clever Isaya (CI) to talk about progress that has…
INTERNET access provider Dandemutande’s chief executive, Never Ncube, says the telecommunications sector is engaging relevant authorities to find ways of lowering costs of doing business. This, if agreed, to would lower the costs of accessing services by customers. “A lot of behind-the-scenes work is being done to ensure that data becomes affordable. The problem that…
ZB FINANCIAL Holdings Limited’s (ZB) inflation adjusted operating costs rose to $9,4 billion in the half year to June 2022, a 58 percent increase from $5,9 billion recorded in the prior year. The increase largely emanated from the upward pressure on cost structure resulting from the prevailing inflationary environment during the period under review. Net…
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