ZIMBABWE will this year achieve wheat self-sufficiency for the first time in 16 years, despite an increase in production costs during the winter farming season. Information minister, Monica Mutsvangwa, told the media after this week’s cabinet meeting that following a successful wheat season, the country was anticipating a volume of more than 300 000 metric…
THE National Social Security Authority (Nssa) says it has failed to introduce any new safety-net schemes over the past 27 years due to economic instability in Zimbabwe.
THE property market remained depressed during the first half of the year due to effects of the Covid-19 pandemic, and a persistently difficult macro-economic environment, First Mutual Properties (FMP) has said. The Zimbabwe Stock Exchange listed firmsaid apart from the pandemic, the biggest challenge for the market during the period under review was liquidity and property…
BUSINESS leaders walk a tight rope of balancing commercial interests with regulatory compliance. On one hand there are shareholders baying for blood when dividends do not improve. Then on the other, you have regulatory authorities waiting to slap you with a hefty fine should you fall foul of any laws. This is a double edged…
THE National Building Society (NBS) said it will focus on delivering innovative and affordable housing solutions to Zimbabweans during the fourth quarter of the year and going forward to reduce the country’s housing backlog which is estimated at 1,2 million units. In a statement accompanying the bank’s financial results for the six months to June…
ZIMBABWE can scale up its infrastructural development by focusing on public-private partnerships (PPPs), which other countries are fully exploiting, analysts say. This comes as leading economies, including France, have been voted among the best in harnessing this developmental model and Harare’s flagship deal — the US$300 million Beitbridge upgrade by Glynn Cohen’s Zimborders Consortium —…
DIVERSIFIED regional financial services group ABC Holdings (ABC) has expressed concern at the slow rollout of Covid-19 vaccines in the region, but said economic recovery prospects have been boosted by International Monetary Fund (IMF) special drawing rights allocations. The group, which is the holding company of the African Banking Corporation group of companies trading under…
FIRST Capital Bank (FCB) is optimistic about the second half of the year, which it expects to be productive and characterised by further growth in loans and deposits in both local and foreign currency. This comes after the company reported in its financials for the half year period ended June 30, 2021, that foreign currency…
THE Zimbabwe Parks and Wildlife Management Authority (Zimparks) in partnership with conservation non-profit organisation, African Parks has successfully translocated 223 zebras to Matusadonha National Park on the shores of Lake Kariba. According to a joint press statement issued this week by the two entities, the large game translocation is part of a long-term plan by…
THE directors of National Tyre Services (NTS) are asking shareholders to remove limits on their borrowing authority to avoid prejudicing the company. At the company’s upcoming 59th annual general meeting scheduled for September 30, shareholders will decide on an amendment of section 87 of the company’s articles of association, which limits unsanctioned borrowings to the…
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