BancABC was recently recognised as the most innovative retail banking brand for 2020 by Global Brands Magazine. Our news editor, Kuda Chideme (KC), this week spoke to the bank’s managing director, Lance Mambondiani (LM), about its digital strategy and future plans. Below are excerpts of the interview. KC: It has been over a year since…
ZIMBABWE dairy producers say the sector has potential for growth, citing demand which is being pushed by a booming food and beverages industry, among other factors. The sector is currently facing shortages, but the Zimbabwe Dairy Industry Trust (ZDIT) last week assured Zimbabweans that locally produced milk would be available in the shops as early…
WITH Zimbabwe’s high inflation tumbling, business confidence continues to surge — amid industry hopes that the country’s recovering economy may even grow by as much as 10 percent this year. This comes after annual inflation for April 2021 came in at 194 percent, a marked decline from the 838 percent recorded in July last year.…
A PERENNIAL water crisis in the country has increased the cost of industrial production, leaving most companies wobbling. This comes as most of Zimbabwe’s urban areas are facing persistent water woes in recent years, due to a combination of recurring droughts, dilapidated infrastructure and poor planning on the part of local authorities. The councils say…
ZIMBABWE will exempt pharmaceutical manufacturers from paying import duty, in a bid to lower production costs and improve the sector’s competitiveness. This is part of a wider government strategy which was approved this week to bolster the sector and increase local production of essential medicines from the current US$31,5 million to US$150 million by 2025.…
The European Investment Bank (EIB) has extended a US$18 million facility to CABS for on-lending to the private sector, marking the bank’s first engagement with Zimbabwe in over two decades. The facility, which points to the thawing relations between Harare and Brussels, is earmarked for retooling and capitalising local companies in the wake of the…
FIRST Mutual Wealth (FMW) says investors should continue to lean towards real assets as inflationary pressures have not yet entirely subsided. Investors in Zimbabwe have cultivated a lot of bias for real assets such as stocks and property, amid high inflation, which peaked at 837,58 percent last July. And while the economy has seen some…
THE Zimbabwe Stock Exchange (ZSE) says the Committee of Sadc Stock Exchanges (CoSSE)’s recent partnership with FSD Africa has boosted prospects for green bond issuances in the country. In March, CoSSE and FSD Africa — a non-profit agency setup to help build and strengthen financial markets across sub-Saharan Africa — signed a co-operation agreement to…
THE property market remained depressed during the first quarter of 2021 due to the Covid-19 pandemic, and a persistently difficult macro-economic environment, a wealth management firm has said. In a note last week, First Mutual Wealth (FMW) said the biggest challenge for the market during the period, apart from the pandemic, was liquidity. “The property…
THE significance of the Maintenance Act [Chapter 5:09] (the Act) to our law, in view of its effort to protect interests of dependents, cannot be over emphasized. It is a law whose motive emanates from the morality philosophy which attempts to curb selfishness and irresponsibility among those entitled to look after others. For there are…
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