EXPERTS say the recent extension of the country’s multi-currency system to 2030 will unlock much-needed long-term funding for commerce and industry. The extension came amid growing concerns that banks were …
finance
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THE dairy sector has lowered its annual milk output target by nine million litres to 100 million due to high production costs. This comes as the latest figures from the …
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ANXIETY is mounting over the threat of softening mineral prices hurting Zimbabwe’s economic progress this year and the next, with analysts this week warning that escalating tensions in the Middle …
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WEB-based trade infrastructure solutions provider Kulies.com says payment processing systems across the continent’s borders need to be fixed to improve the ease of doing business climate, as it eyes opportunities …
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EXPERTS say the bulk of Zimbabwean businesses are not yet prepared to participate in the African Free Continental Trade Area (AfCFTA) even though it presents a new impetus for investment, …
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LOCAL research firm says it expects Innscor Africa’s revenue to grow by 3,2 percent to US$829,60 million in the full year 2024, driven by enhanced production capacities and route-to-market initiatives. …
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THE Zimbabwe Energy Regulatory Authority (Zera) says the US$0,02 per kilowatt-hour power (kWh) tariff adjustment it approved this week was part of its pursuit for a cost-reflective tariff in the …
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RBZ cuts interest rates… as business warns against ‘burying’ Zim$
by Omega Ukamaby Omega UkamaTHE Reserve Bank of Zimbabwe this week cut its benchmark interest rate by 20 percent to 130 percent, amid concerns that a Zimdollar credit squeeze was threatening stability. It comes …
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PADENGA Holdings (Padenga) says it is on a drive to reduce borrowings and the associated interest charges to sustainable levels and improve profitability. The Victoria Falls Stock Exchange-listed firm’s chairman, …
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NATIONAL Foods’ volumes for its maize products will post a marginal growth in the current fiscal year, amid the El Niño phenomenon, a local research firm has said. The southern …
