finance

Banks bet big on digital shift

Advertisements Kudzanai Gerede Companies and Markets EditorAdvertisements ZIMBABWE’s banking sector is accelerating its digital transformation drive, leveraging artificial intelligence, fintech innovations and automation to improve efficiency and enhance service delivery. The shift comes as banks face growing pressure to build resilience amid rising operating costs and policy shifts with implications on core revenue streams.Advertisements The…

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Mahachi appointed NBS acting MD

Advertisements THE National Building Society Limited (NBS) has appoint­ed Mukai Mahachi as its acting managing director following the retirement of Sifiso Mahlangu.Advertisements Before her appointment, Mahachi served as the compa­ny’s chief finance officer. She takes over from Mahlangu, who led the institution since July 2024. Prior to joining NBS, Mahachi served as chief finance officer…

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Inaugural industrialisation indaba set to proffer solutions

Advertisements THE inaugural Zimbabwe Industrialisation Conference and Expo 2026 will deliver practical, evidence-based solutions to structural bottlenecks that have historically hindered the country’s manufacturing sector, experts say.Advertisements The Ministry of Industry and Commerce partnered with Africa Economic Development Strategies (AEDS) to host the conference, which aims to advance the country’s industrial transformation agenda. The high-level…

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Praz vows tougher procurement crackdown

Advertisements THE Procurement Regulatory Authority of Zimbabwe (Praz) is intensifying its fight against public-sector corruption by leveraging artificial intelligence.Advertisements Speaking at the fifth annual public procurement symposium in Bulawayo yesterday, Praz chief executive Clever Ruswa warned that malpractice would no longer be tolerated. He declared integrity the non-negotiable cornerstone of public trust and vowed to…

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Government clears US dollar payments to farmers

Advertisements THE government says it has cleared all outstanding United States dollar payments owed to farmers for crops delivered to the Grain Marketing Board (GMB), and efforts are underway to settle the remaining ZiG balances.Advertisements Speaking during the post-cabinet briefing yesterday in Harare, the minister of Information, Soda Zhemu, said crop deliveries at the GMB…

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