THE proportion of households with access to the Internet in Zimbabwe has increased from 33,2 percent in 2014 to 50,1 percent in 2020, the Zimbabwe National Statistics Agency (Zimstat) has reported. According to the 2020 ICT access by households and use by individuals survey conducted by Zimstat only Bulawayo, Harare, Matabeleland South and Mashonaland West…
PADENGA Holdings (Padenga) has gained close to 60 percent on the Victoria Falls Stock Exchange (VFEX) since late-July, recovering from the early losses it suffered at its migration to the budding market. The crocodile skins exporter’s shares, which were initially listed on the VFEX at US$0,36, shed close to 50 percent during the first week…
ZIMBABWE wants mining companies to step up investments in agriculture covering both livestock and crop production. Some of the miners have already ventured into livestock production and the authorities are looking to expand the investments into other areas in the sector. “With the financial strength of mining we can invest more in agriculture assured that…
GOVERNMENT says the pilot phase of the National Fuel Management System has been completed, with the system proving to be robust and ready for full implementation. The system, which is set to be rolled out soon across the fuel distribution value chain, including at retail outlets, will ensure judicious management of fuel resources in the…
ZIMBABWE’S inflation edged to 51,55 percent in September from 50,24 percent in August, reflecting price increases across the economy in a month the country grappled with shortages of power and foreign currency. On a month-on-month basis, the inflation rate at 4,73 percent was up 0.51 percentage points, marking the highest monthly rise in a year.…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-275720.mp3?cb=1732295252.mp3IN Zimbabwe, Special Economic Zones (SEZs), sometimes known as free zones, are defined as geographical areas within an economy where business activity is governed by different laws from the rest of the economy. It is an area with more free-market-oriented economic rules than a country’s usual or national law. These regulations govern investment, trade, customs…
IN last week’s piece, I dealt with some of the key points to present to a court when handling a chieftainship dispute. This week, I turn to ecclesiastical disputes. My goal is to make you aware of the main issues that parties must be mindful of to which a court will apply its mind. These…
RAINBOW Tourism Group (RTG) says it will increase focus on technology driven business to consolidate gains recorded during the Covid-19 pandemic. The group’s profit was up by 48 percent to $164 million during the six months to June 30, 2021, spurred by its digitisation strategy, which it says has enabled it to navigate hurdles presented…
AFRICAN Sun (AfSun) says it made a profit of $6,45 billion from its acquisition of a 91,17 percent stake in Dawn Properties (Dawn) earlier this year. In its results for the six months to June 30, 2021 released last week, the hotel and leisure group said its operating income for the period was $6,4 billion…
AUTHORITIES are pulling all the stops to deter the resurgent parallel foreign currency market, which experts say is threatening Zimbabwe’s economic recovery. This comes as the Reserve Bank of Zimbabwe (RBZ) has upped the ante against some of the people it accuses of being at the forefront of driving the parallel forex market in the…
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