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Michelle Moyo, [email protected] ZIMBABWE Electricity Transmission and Distribution Company (ZETDC) has said electricity is now payable in ZiG and US Dollars. Consumers have been unable to buy electricity recharge tokens since Friday last week as the parastatal transitioned to the new currency. “We are pleased to advise that we have successfully migrated to the ZiG currency. […]
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Business Writer THE Zimbabwe Environmental Law Association (ZELA) has called on Artisanal and Small Scale Miners (ASM) to prioritise e formalisation of their operations to ensure responsible extraction of the country’s mineral wealth. Speaking at an ongoing training academy for artisanal and small-scale miners in the Lithium value chain on Tuesday, ZELA legal officer, Mr […]
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Business Writer TWO senior British American Tobacco Zimbabwe (Holdings) Limited officials – the managing director and finance director- resigned on the same day in late March. Former managing director, Mr Kimesh Naidoo had been in the role since June 2023 resigned on March 25. Mr Wilson Chitsonga who was finance director also left the firm […]
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Nqobile Bhebhe, [email protected] Economic analysts have praised the Reserve Bank of Zimbabwe (RBZ) for its recent decision to eliminate bank charges for low-cost accounts noting that the move has the potential to boost saving culture and promote financial inclusion. This move, announced by the RBZ governor, Dr John Mashayavanhu, in his first Monetary Policy Statement, […]
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Sikhulekelani Moyo, [email protected] AROUND 1 000 women in the clothing and textile industry in Bulawayo are set to benefit from a new makerspace being established at the SMEs Centre. The project is being implemented by the Ministry of Women Affairs, Community, Small and Medium Enterprises Development and forms part of Government plans to empower women […]
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Nqobile Bhebhe, [email protected] VICTORIA Falls Stock Exchange (VFEX)-listed mining entity, Caledonia Mining Corporation Plc, reported Q1 2024 gold production of 17 050 ounces from Blanket Mine, a 6 percent increase from the same period in 2023, and benefiting from high gold prices. The company also saw an increase in gold sales ounces of 17 percent […]
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Michelle Moyo, [email protected] BULAWAYO Agricultural Show (BAS) which runs concurrently with the Zimbabwe International Trade Fair (ZITF) has attracted 173 cattle of various breeds from individual farmers and agricultural institutions for this year’s exhibition. The 64th international exhibition is set for April 23-27 in Bulawayo under the theme: “Innovation: The Catalyst to Industrialisation and Trade.” […]
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Nqobile Tshili, [email protected] FINANCE, Economic Development and Investment Promotion Minister Professor Mthuli Ncube is expected to deliver a ministerial statement in Parliament on the operationalisation of Zimbabwe Gold (ZiG) currency which was introduced last Friday. Reserve Bank of Zimbabwe Governor Dr John Mushayavanhu announced the new currency which replaced the Zimbabwe dollar when he announced the […]
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Business Writer COMPULINK Holdings, a pioneering and leading information, communication and technology (ICT) company in Zimbabwe, is set to host the inaugural “Evolve ICT Summit 2024” on the 2nd and 3rd of May 2024 at the Harare International Conference Centre (HICC) in the capital. The summit is expected to bring together “thought-leading policy makers and […]
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Sikhulekelani Moyo, [email protected] THE need to develop the bond market in Zimbabwe has seen Victoria Fall Stock Exchange (VFEX) organising a two-day workshop meant to bring together experts to discuss how they can establish the sector. The two-day Fixed Income Conference, is ending today in Bulawayo where representatives from the private and public sectors are engaging […]
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Sikhulekelani Moyo, [email protected] YOUNG Miners Federation (YMF) has said the Government should look into the newly introduced special capital gains tax saying that tax initiatives help the country on revenue collection which is crucial to public services, however, the taxes should be affordable so that everyone can comply. This comes at a time when the Government […]
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Sikhulekelani Moyo, [email protected] MINISTER of Women Affairs, Community, Small and Medium Enterprises Development Senator Monica Mutsvangwa has said the Government is utilising public-private partnerships (PPPs) to fund initiatives which are meant to empower women and promote SME growth. The Minister said this during the open day market which was held in Bulawayo on Friday. The event […]
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Business Writer STANBIC Bank Zimbabwe has established a financial fitness academy aimed at equipping Small to Medium Enterprises (SMEs) with the requisite skills to handle their finances and grow their businesses. The financial fitness academy will be an annual event that will equip entrepreneurs with the relevant skills that will see them grow their business […]
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Senior Business Writer DIASPORA remittances through the official channel registered a 16 percent increase to US$1, 873 billion last year up from the US$1,617 billion received during the same period in 2022, the Reserve Bank of Zimbabwe has said. International remittances, which comprise transfers by Zimbabweans in the diaspora and international organisations, are a critical source […]
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