THE Covid-19 pandemic has drawn attention to a number of socio-economic issues bedevilling Zimbabwean society. Issues to do with mental health, food insecurity and access to basic amenities such as potable water have gained new significance in the wake of the pandemic. This is a perfect opportunity for those looking to participate in humanitarian endeavours…
AS Finance minister Mthuli Ncube presents his mid-term budget review statement in Harare today, business has urged the government to stay the course of its current fiscal and monetary policies that are beginning to bear fruit. Ncube’s statement comes amid general business optimism over Zimbabwe’s economic trajectory despite a number of recent shocks that include…
BUSINESS says while saving lives was important, it is also praying that authorities will soon ease the current tough coronavirus restrictions to allow more economic activity. Speaking to The Financial Gazette this week, business leaders said of particular concern was the likelihood of the Level Four lockdown upsetting economic progress made thus far. This…
AGRO-SEED manufacturer SeedCo Limited says its new seed dryer installed in Harare through a US$12,5 million financing facility will quicken access to the market and improve seed quality. The seven-year loan was sourced from French development finance institution, Proparco, and saw the company’s debt for the year ended March 31, 2021 increasing to $13,3 billion…
ZIMBABWE’S insurance and pensions industry is still suffering from low consumer confidence due to legacy issues, particularly the loss of value after the conversion of insurance and pension values from the Zimbabwe dollar to the United States dollar in 2009, the sector regulator has said. This comes after the Insurance and Pensions Commission (Ipec) recently…
UNIFREIGHT Africa (Unifreight) extended its lead over other Zimbabwe Stock Exchange (ZSE) counters during the second quarter of 2021, as it more than doubled its year-to-date gains to 15 000 percent, 8 500 percentage points ahead of second-best performer GetBucks MicroFinance Bank. Analysts say the logistics company’s exaggerated gains have been driven by an ongoing…
THE directors of Zimre Holdings (Zimre) are seeking authority to purchase the group’s shares, having found working capital and reserves at hand adequate to sustain operations for the foreseeable future. Companies typically buy back their own shares when they have cash on hand and the stock market is on an upswing, a situation which a…
ZIMBABWE must open up its economy to international trade and private capital to become a premium investment destination. Speaking in the capital recently, chief executive of Singapore Cooperation Enterprise (SCE), Wy Mun Kong, also urged authorities to take a leaf from the Asian country by implementing policies that attract more private capital. “Such a radical…
MINES and Mining Development minister Winston Chitando is under renewed pressure from Parliament for the exploitation of Lupane-Lubimbi coal bed methane gas resources. This comes as Bulawayo legislator Thokozane Khupe moved a motion in the House last week, calling on the government to finalise the issue of partnerships for the exploitation of methane gas in…
THE government says it will step up its engagement with the private sector and development partners to improve service delivery by agriculture extension workers across the country. Agricultural extension work has been facing a number of challenges including inadequate technical and logistical capacity and access to information and communication technologies. “I encourage staff within my…
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