NEW government reforms aimed at lowering business costs and stabilising the economy are set to be rolled out this week. Speaking to the Daily News on the sidelines of a recent pre-budget seminar in Bulawayo, Finance minister Mthuli Ncube said the government was ready to turn its promises into action. “To make sure our plans…
FOR small and medium-sized enterprises (SMEs), setting up shop is an exciting time. But with the complexities of building a business, hiring staff, and forming relationships with clients and vendors,…
LOCAL companies are ramping up capital expenditure (capex) programmes, aiming to expand their operations and grow market share despite a challenging business operating environment. The local industry has shown signs of resilience in a market characterised by high inflation, tight monetary liquidity, uneven competition from cheap imports, excess taxes, and high costs of credit, among…
THE Mine Ventilation Society of Zimbabwe has called on authorities to introduce new ventilation and occupational hygiene regulations that reflect modern mining conditions. Speaking at the Society’s Symposium and Annual General Meeting in Bulawayo, Mine Ventilation Society of Zimbabwe president, Tonderai Chikande, said ventilation is no longer a background function but the “bloodstream of any…
THE tobacco industry is expected to increase production to 500 million kilogrammes (kg) by 2030 from 355 million kg recorded this year, according to the new Agriculture Food Systems and Rural Transformation Strategy 2 programme. The strategy, spanning 2026 to 2030, targets to transform the tobacco sector into a US$7 billion industry, predicated on boosting…
TN Cybertech Investments Holdings (TN CyberTech) says it wants to expand the micro-lending operations to meet its strategic objectives of capturing the unbanked mass market across the country. Since rebranding from Steward Bank earlier this year, the financial services group has remodelled its banking subsidiary into a neobank, leveraging scalable, low-cost digital platforms to deliver…
By Leonita Mhishi COMMERCIAL real estate in Zimbabwe has always been a mirror of the nation’s economic pulse — its highs reflected in gleaming office towers and bustling malls, and its lows etched into the vacant shops and quiet industrial corridors that whisper of decline. Today, the sector once again finds itself in the thick…
THE International Monetary Fund (IMF) has called for strict fiscal discipline in Zimbabwe’s upcoming 2026 budget, warning that enhanced revenue management is critical to sustaining macroeconomic stability and reducing financial risks. In a statement after concluding its visit to Zimbabwe this week, the Bretton Woods institution said expenditure management must be significantly strengthened. “Discussions in…
Simbarashe Hamudi THE taxation landscape for ecclesiastical, charitable, and educational institutions in Zimbabwe has undergone significant changes. Understanding the nuances of what constitutes an institution of public character is crucial, as the definition goes beyond merely benefiting the general community to include organisations that serve a wide cross-section of the public. The term “of a…
By Ephias Ruhode EVERY few years, a new technology makes the spotlight, drawing in billions of dollars in investment, capturing headlines, and sparking both wild enthusiasm and deep scepticism. At the moment, Artificial Intelligence (AI) is capturing the world’s imagination. The world is crossing into a new age of AI, propelled by explosive breakthroughs in…
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