As the world continues to grapple with the Covid-19 pandemic, the death toll continues to rise. As much as the battle continues and numbers are being reined in, the cold fact is people continue to die. Zimbabwe alone has suffered over 3 900 casualties to date. The question we have to ask ourselves is whether…
THE Zimbabwe Stock Exchange (ZSE) says two local pension funds are working on listing Real Estate Investment Trusts (REITs). REITs are vehicles that own, operate, or finance income-generating real estate, modelled after mutual funds. ZSE chief executive Justin Bgoni said pushing for the listing of REITs was one of the initiatives being pursued by the…
BUSINESS is fully behind the measures being taken by the Reserve Bank of Zimbabwe (RBZ) as it fortifies its push to rein in the parallel foreign exchange market, to further stabilise the country’s recovering economy. Among the concrete steps that the central bank is taking to deal with unscrupulous traders who are undermining confidence in…
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya says the government will soon start setting aside part of the country’s export proceeds to build up foreign currency reserves. According to Treasury, Zimbabwe’s international reserve position has been averaging 0,7 months of import cover, far below the global benchmark of three months and its desired target…
ZIMBABWE spent $1,5 billion on irrigation development during the first half of the year, which was complemented by US$2 million from development partners, as part of efforts to make the country’s agriculture sector resilient to climate change effects and vulnerabilities. Frequent droughts have made rainfed agriculture production unsustainable in Zimbabwe, resulting in calls for upscaling…
AUTHORITIES say the stability-inducing forex auction continues to spur revival of production in the economy — with capacity utilisation expected to reach 60 percent by year-end — as industry continues its push towards yesteryear productivity levels. The forex auction has been credited with taming the once rampant black market, which for many years triggered skyrocketing…
AMID decades of Zimbabwe’s persistent currency woes — which have left the country’s financial system in disarray — the Zimbabwe Stock Exchange (ZSE) has remained steadfast as a hedge of last resort, and a monument of hope. As the nation commemorates the contributions of its heroes and defence forces, to many, it is a point…
ZIMBABWE put forward a National Renewable Energy Policy in 2019, with the aim to have 16.5 percent of the total generation capacity from renewable sources by 2025. A number of Independent Power Producers (IPP) have taken a keen interest in the sector including SolGas Energy, which was started by young entrepreneurs. This week The Financial…
THE Old Mutual (OM) Exchange Traded Fund’s (ETF) year-to-date returns closed July at 100 percent, 17 percentage points behind its benchmark — the Zimbabwe Stock Exchange (ZSE) Top 10 Index. An ETF is a security that tracks another asset, index, sector or commodity, but which can be purchased or sold on an exchange the same…
As the Covid-19 pandemic continues to ravage the globe, everybody has had to play their part in flattening the curve and reducing the impact of the virus. Businesses have not been spared the brunt of the pandemic’s effects. With the advent of the Delta variant, staying safe and, in particular, vaccinating against the coronavirus is…
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