THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says it is waiting for approval from the relevant authorities to implement the proposed commodities exchange. The commodities exchange for minerals is a specialised marketplace where standardised contracts for raw and refined metals and minerals are traded. MMCZ general manager Nomusa Moyo told The Financial Gazette that the…
POWER utility Zesa says it is awaiting government approval of the US$455 million Hwange power station refurbishment deal with the Indian-based company Jindal. This deal was structured under a 15-year rehabilitate, operate, and transfer (ROT) arrangement designed to bolster the country’s electricity generation capacity. Zesa acting chief executive officer, Cleopas Nyachowe, told parliamentarians on Tuesday…
THE inaugural micro, small, and medium enterprises (MSMEs) survey and awards ceremony, slated for next week, is set to uncover crucial data from the burgeoning sector, highlighting its complex array…
By Bothwell Nyajeka IN recent months, I have been approached by a number of professionals, from both the private and public sectors, seeking guidance on how to deal with workplace politics. Some wanted to know how to navigate office politics to position themselves for promotions, while others simply wanted assurance that politics will not derail…
FIRST Capital Bank (FCB) has entered into a definitive binding agreement with ASB Hospitality LLC for the disposal of its entire interest in Makasa Sun. The deal, valued at US$30 million, transfers 100 percent ownership of Makasa Sun, whose sole asset is the Makasa Sun Hotel, formerly known as The Kingdom at Victoria Falls. The…
By Leonita Mhishi NEARLY a quarter-century since Zimbabwe’s landmark land reform programme, the real estate market stands at a pivotal crossroads. The legacy of past disruptions continues to influence property rights, investment confidence, and urban development patterns, yet new opportunities are emerging as the country seeks economic revival under Vision 2030. Land is more than…
FINANCE minister Mthuli Ncube has set an ambitious US$9 billion revenue collection target for the Zimbabwe Revenue Authority (Zimra) for 2026, describing it as central to funding the country’s development aspirations. Speaking yesterday at the ground-breaking ceremony for Zimra’s new head office in Harare, Ncube said increased domestic resource mobilisation would determine the success of…
DANDEMUTANDE has urged companies to adopt Software-Defined Wide Area Network (SD-WAN) solutions, saying they reduce costs and strengthen security. The SD-WAN cloud network, offered by Dandemutande in partnership with Redvine Networks, manages multiple internet connections at the same time. “The benefit to the business is that you have lower latency, you are reducing jitters and…
DELTA Corporation (Delta) says its volume performance this year has outperformed projections since embarking on an extensive recapitalisation programme almost three years ago. The group continues to surpass historical daily sales rates, mainly in its lager beer and sorghum beer segments aided by growing demand, thanks to increased consumer incomes. In its financial results for…
WITH Zimbabwe’s key gold sector on course for a record year, analysts are growing increasingly confident that this windfall can reshape the country’s economic landscape if authorities curb leakages and streamline their policies. This comes as global gold prices remain above US$4 000 per ounce, while the latest figures from Fidelity Gold Refinery show that…
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