AFRICAN Risk Capacity (ARC) Limited (Ltd) recently held a retreat in Victoria Falls, which brought together member states from across the continent and global partners. The Financial Gazette’s Senior Staff Writer, Farai Mabeza (FM) caught up with the ARC’s chief executive, Lesley Ndlovu (LN), soon after the retreat to learn more about ARC and its…
The Confederation of Zimbabwe Retailers (CZR) has urged businesses to incorporate and embrace digitalisation in their models to enhance customer experience. CZR president Denford Mutashu said in these “new normal” times it was important for retailers to embrace digital platforms and promote online presence. “I understand that many retailers in the country have implemented technology…
DIGITAL solutions hold the key to achieving financial inclusion, which is critical for the country’s ambition of becoming an upper middle-income economy by 2030, Information minister Monica Mutsvangwa has said. Speaking after a Cabinet meeting on Tuesday, Mutsvangwa said ICT minister Jenfan Muswere had updated Cabinet on technology-based interventions which the government, through the Postal…
ACTING Zimbabwe Revenue Authority (Zimra) Commissioner-General Rameck Masaire (pictured inset), says the tax collector’s focus next year will be to expand its revenue base by targeting the informal sector. In an interview on the sidelines of an event to mark Zimra’s 20th anniversary held in the capital recently, Masaire told The Financial Gazette that there…
THE state of economies is usually measured by the Gross Domestic Product (GDP) or other metrics of economic flows. By definition, GDP is the standard measure of the value added, created through the production of goods and services in a country during a certain period. As such, it also measures the income earned from that…
BANKS in Zimbabwe have started to see a rise in interest income, driven by an increase in lending following a long spell of “cautious” deposit management and a disproportionate reliance on non-funded income. This comes as the banking sector’s aggregate loan-to-deposit ratio has been increasing, from below 50 percent in 2019 to around 80 percent…
AUTHORITIES must ramp up efforts to improve Zimbabwe’s business climate to boost both local and foreign direct investment (FDI), business and economists say. This comes as FDI inflows into the country have declined markedly overall in the past two decades — recording a 62,4 percent drop in 2019 to US$280 million, and a further 30,7…
ZESA Holdings (Zesa) says electricity challenges are set to ease during the festive season, after the power company completed the refurbishment of three units at Kariba South Hydro-Power station. This comes as the country is currently facing a crippling power crisis, which recently saw Zesa announcing a load shedding schedule, which has resulted in some…
IN this week’s piece, I am expanding on the legal principles applied in the case of Mbatha v Zizhou & Ors HH 675/21. In that case, a plaintiff sought damages for physical and psychological injury caused by sexual harassment in the workplace. To begin with, what are damages anyway? Damages in law refer to a…
SUGAR producer Hippo Valley Estates (Hippo Valley) is mobilising funds to complete expansion works on its 4 000 hectares cane development project. The project, being pursued by the sugar producer, the government of Zimbabwe and local banks, is expected to expand sugar cane plantations in Triangle and Hippo Valley estates in Chiredzi. In a statement…
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