ZIMBABWE is expected to conclude the 2024 fiscal year with an overall trade surplus of approximately US$100 million, underscoring a positive outlook for the country’s balance of trade, latest projections show.According to the Reserve Bank of Zimbabwe (RBZ), this follows a US$7 million trade surplus in August 2025, after a prolonged period marked by persistent…
THE Comesa Competition Commission has endorsed a move by the Zimbabwe Revenue Authority (Zimra) to ensure foreign e-commerce platforms comply with the country’s tax laws.Zimbabwe has witnessed a surge in digital services, particularly in the transport, accommodation, and retail sectors, many of which are operated by companies headquartered outside the country.This comes as Zimra is…
THE Cabinet has approved the Inter-Governmental Memorandum of Understanding (MoU) on Cooperation on the development of the Inga 3 Transmission Lines Project, positioning the country as a crucial transit corridor for one of Africa’s ambitious energy initiatives.The approval integrates Zimbabwe into a multi-national scheme designed to harness the immense hydropower potential of the Congo River…
OLD Mutual (OM) says it is ready for a currency switch in 2030 when Zimbabwe transitions to a ZiG-anchored mono-currency system, despite market anxiety surrounding the reform.The government has outlined plans to eventually phase out the US$ from transacting locally, despite businesses currently registering over 80 percent of earnings in the greenback.“We believe that we…
By Jackson T Mashinge IN last week’s exploration of the evolving financial landscape in Zimbabwe, we examined the transformative potential of Intelligent Decision Support Systems (IDSS) in enhancing risk management strategies. This week, we delve deeper into how these advanced systems are not merely supplementary tools but pivotal components reshaping the very fabric of financial…
OCTOBER 10, last week marked World Mental Health Day, a globally recognised occasion for mental health education, aimed at raising awareness about mental health issues, reducing stigma, and promoting mental well-being worldwide.In the boardroom, the key question for directors to be asking is: Should the board concern itself with workplace mental health? The answer is…
MUTAPA Investment Fund has called for greater mobilisation of domestic savings and investments to ease Zimbabwe’s high cost of capital.Economists note that the country’s elevated capital costs are largely driven by inflation, exchange rate volatility and high interest rates imposed by the central bank to manage money supply.Speaking at the Confederation of Zimbabwe Industries’ Strategic…
Rufaro Manyepa ONCE upon a time, people went to libraries for information. Whenever they needed something, people would leave their home and visit the library, perusing through whatever books they…
NATIONAL Tyre Services (NTS) has announced plans to delist from the Zimbabwe Stock Exchange (ZSE) following an approval by the company’s board.The company did not disclose the reasons for the exit, but joins close to a dozen other firms that have exited the ZSE in the last five years.“Shareholders and the investing public are hereby…
AFRICAN Sun is targeting slashing up to 12 head office positions in line with its reduced hotel portfolio.The group said, in a notice, the ongoing restructuring exercise is meant to enhance operational efficiency and the long-term sustainability of the group.“This decision follows careful consideration of our support service requirements after recent portfolio changes, including the…
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