Captains of industry call for fiscal discipline

The just concluded 2018 Zimbabwe National Chamber of Commerce (ZNCC) annual congress saw industry agreeing that the country’s biggest challenge is not currency crisis but the structural issues with calls for fiscal discipline, cash budgeting and curbing of the unsustainable budget deficit which stood at $200 million during the first …

Read More »

Industry expects confidence building measures

The business community is expecting confidence building measures to restore production in key sectors of an economy which had gone for more than two decades with limited progress. Industrialists contend that the reduction in budget deficit, achievement of yearly gross domestic product (GDP) rates of seven percent, rebuilding of gold …

Read More »

Christian women business forum launched

A Christian women business forum has been unveiled to facilitate the growth of female entrepreneurs in key mainstream sectors of the economy. Capacity development programmes for women in business are likely to be improved in light of policies being put in place to embrace female entrepreneurs in key productive sectors. …

Read More »

Millers seek subsidy on staples

Grain Millers Association of Zimbabwe (GMAZ) has approached the government to subsidise staple food to ensure price stability amid rising costs in the milling industry. BY BUSINESS REPORTER GMAZ chairman Tafadzwa Musarara said on Saturday the industry had approached government for the subsidy to be effected. “We have intimated that …

Read More »

Buy from registered firms: Ipec

The Insurance Pensions Commission (Ipec) has urged the public to buy insurance products from regulated insurance institutions amid rising incidences of fake policies. BY KUDZAI MUCHENJEKWA Addressing members of the public at a roadshow in Gweru on Saturday, Ipec spokesperson Lloyd Gumbo said would-be policyholders have to verify on the …

Read More »

Zim’s current account deficit to widen: BMI

Zimbabwe’s current account deficit will widen by 0,8% by year end on the back of an increased foreign currency supply leading to higher imports, a leading industry and financial market analysis firm BMI Research has predicted. BY TATIRA ZWINOIRA In its Africa Monitor Southern Africa report for June released last …

Read More »

No room for quality compromise: Gadzikwa

Standards Association of Zimbabwe director-general Eve Gadzikwa has challenged local firms to prioritise customer needs which yearn for high quality goods and services even under unfriendly economic conditions. BY TINOTENDA MUNYUKWI Speaking in the capital on Friday at a handover ceremony of the ISO 9001:2015 certificate to Nashua Automated Business …

Read More »

TelOne narrows loss to $7m in FY17

TELONE has narrowed its operating losses by 42% to $7 million in 2017, owing to cost containment and a growth in broadband revenue. BY BUSINESS REPORTER In 2016, the company made a loss of $12 million. In a statement last Friday, TelOne said the company’s profitability at EBITDA (earnings before …

Read More »

Race to become Africa’s gateway

An intriguing contest is underway to emerge as the “gateway” to doing business in Africa. South Africa, the continent’s largest economy by GDP, is currently in pole position by virtue of the size, sophistication and connectivity of its economy to the rest of Africa and the globe. But in the …

Read More »

Agribank posts $2,9m profit

Africa Moyo and Ishemunyoro Chingwere AGRIBANK has recorded a profit of $2,9 million in the first five months of the year to May 31, 2018, a move that thrusts the agriculture financing institution on a path to more profits by year end. The profit represents a 13 percent jump from …

Read More »