finance

ZIMBABWE’s banking sector is heavily invested in foreign currency-denominated loans, which account for 88,88 percent of total loans and advances, reaching ZiG27,45 billion by mid-2024, according to recent data. The …

IN Zimbabwe, insurance businesses must navigate and comply with many tax obligations. Among these several obligations is the property and insurance commission tax in respect of commission paid to freelance …

RIOZIM’s associate, RZM Murowa (Murowa) says its revenue and profitability were negatively affected by receding global diamond prices despite a slight uptick in production during the six months to June …

AFRICAN Distillers Limited (Afdis) volumes shot up by 11 percent during the half year ended September 30, 2024 driven by ready-to-drink and wine segments which grew by 22 percent and …

FITCH Solution has projected a sharp drop for Zimbabwe’s economic growth from an estimated 5 percent in 2023 to just 1,9 percent in 2024. The British think-tank’s projection aligns with …

ZIMBABWE’S diamond production surged by 22,2 percent in the second quarter of 2024, reaching 1,47 million carats, compared to 1,2 million carats in the same period last year, according to …

Zimbabwe’s currency, the Zimbabwe Gold (ZiG), may achieve stability only when demand for it reaches critical levels within the economy, says Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee member …

THE Central Mechanical and Equipment Department (CMED) says it plans to introduce interest rates for clients who delay payments starting next year. This comes as the state enterprise has faced …

THE government has announced its commitment to implementing effective policy interventions to support local industries in a bid to create a fair business environment for all sectors, with a particular …

Prisca Tshuma Staff Writer ZIMBABWE’S trade deficit grew to US$207,6 million in September 2024, marking a 4,2 percent increase from August’s figure of US$199,1 million, according to the latest data …