THE Economist Intelligence Unit (EIU) recently published its 2020 Democracy Index Report titled, In sickness and in health?. The report has interesting insights given that it provides a snapshot of the state of democracy worldwide in 165 independent states. This covers almost the entire population of the world and most territories. The index is based…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-269004.mp3?cb=1732295277.mp3THE hiring of equipment or intellectual property from non-resident persons is prevalent in developing countries such as Zimbabwe. The leasing option is often preferred due to technological changes and lack of the capital outlay required to make an outright purchase. Also, owners of intellectual properties usually hold out their properties for hire while retaining ownership…
THE deplorable state in which our prisons and police detention facilities are in is a cause for concern to anyone with respect for human dignity. Human rights groups led by the Zimbabwe Lawyers for Human Rights and the Law Society of Zimbabwe have in the past challenged the dehumanising conditions of police cells as being…
BUSINESS is ramping up its efforts to help procure much-needed coronavirus vaccines for the country under a multi-sectoral initiative which aims to protect both workers and the broader local community. The multi-million dollar initiative, operating under the Business Preparedness Response and Prevention (BPRP) tag, brings together all major players in local commerce and industry. Among…
… as players begin re-build exercise THE country’s horticulture industry continues to choke from myriad challenges which include a significant loss of business last year, due to the current coronavirus pandemic. As the players plot a rebuilding exercise, they told The Financial Gazette this week that numerous challenges and obstacles were militating against their return…
ZIMBABWE’S manufacturing sector is this year set to rebound by seven percent on the back of improved power supply and a bumper agricultural season, equities firm, IH Securities Zimbabwe, has said. This comes as the sector witnessed a 9,6 percent decline in 2020 due to the effects of the Covid-19 pandemic. “Manufacturing sector to grow…
ZIMBABWE’S chrome and chromium exports are this year seen firming on growing demand from China, a local securities trading firm has said. According to the Zimbabwe Statistics Agency, chromium ore and concentrate exports rose to US$45,6 million during 2020 compared to US$45 million in the previous year. During that same period ferrochromium (iron and chrome)…
MEIKLES expects its revenues to take a hit due to Covid-19 restrictions, despite its main business segments being classified as essential services and exempted from lockdown measures. It comes as the hospitality industry has suffered the brunt of the economic disruptions caused by the contagion with hotel bookings taking a heavy blow. Meanwhile, retailers say…
ZIMBABWE is stepping up efforts to increase its soya bean production, amid a growing shortfall that has increased the country’s import bill. Production of the crop, which serves as livestock feed and is also used to produce cooking oil, has dropped from around 140 000 metric tonnes (MT) in 2000 to below 40 000 MT…
POWERSPEED Electrical (Powerspeed) expects to post a profit for the half-year to March 2021, having lately seen a recovery in sales volumes. The company’s hardware retail chain, Electrosales, has been facing stiff competition from informal traders and its earnings had declined as its market share was starting to shrink. “Our volumes have largely recovered, but…
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