Business
RBZ digital gold coins reach 737kg
THE Reserve Bank of Zimbabwe (RBZ) has issued 736,52 kilogrammes worth of gold-backed digital tokens since their introduction towards the end of last year. The tokens, which are called Zimbabwe Gold or ZiG became an approved means of payment for domestic transactions with effect from October last year. Introduced following the Monetary Policy Committee’s resolution […]
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Zinara to roll out e-tolling this year
THE Zimbabwe National Road Administration (Zinara) will begin rolling out e-tolling before the end of the year to improve efficiency, motorists’ convenience and reduce operational costs. E-tolling is a cashless system that allows road users to make payments for road use with card facilities or e-tags at toll gates, with payments being made without vehicles […]
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Global commodity price slump chokes Zimplats
PLATINUM group metals (PGMs) producer Zimplats has been affected by the global softening of metal prices, which saw the firm incur a 32 percent revenue drop in the six months ended December 31, 2023. Due to the negative developments in the global economy, prices for most mineral commodities including platinum, nickel and lithium have been […]
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ZB launches digital transformation innovation hub
ZB Financial Holdings (ZBFH) has unveiled an innovation hub to drive the group’s digital transformation journey, which will be instrumental not only in exploring and providing solutions to customer pain points but also in engineering brands for strong performance. The hub was officially launched by Professor Amon Murwira, the Minister of Higher and Tertiary Education, Science, […]
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Economic, governance and property rights reforms get top priority
Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, says Government will prioritise economic, governance and property rights reforms to increase agricultural production in the country. Minister Ncube said these reforms were critical to create an environment that attracts investment and foster growth while suggesting the importance of securing property rights as a key […]
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Deloitte Zimbabwe localises ownership
SENIOR partners in Deloitte Zimbabwe have reached an agreement to buy out the local unit this year, leading to its departure from the existing Deloitte network In a statement on Wednesday, Deloitte, one of the leading accountancy firms in the country, said the remaining partners would ensure continuity and quality service for the clients. Locally, […]
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‘Structured currency part of monetary reforms’
The structured currency announced by President Mnangagwa last week is part of further monetary reforms aimed at engendering stability of the domestic currency, Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube said. President Mnangagwa said last week that the Government was working on a structured currency as part of efforts to foster currency […]
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Firm pumps US$10m into renewable energy
NEW Sahara Ventures has spent over US$10 million developing renewable energy projects across the country including the US$4,75 million Guruve Solar Park that is already feeding 5MW into the national grid. The projects also include Sunset Solar farm with an installed capacity of 5,7MW in Matabeleland South Province as well as various off-grid solar plants […]
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Pfumvudza/Intwasa records huge growth in participation
A new survey has revealed significant growth in participation in the Pfumvudza/Intwasa programme, a climate-proofing farming practice aimed at enhancing yields in the wake of climate change. The 10th round of the Rapid Poverty Income Consumption and Expenditure Survey (PICES), conducted by the Zimbabwe Statistics Agency (ZimStat) in August 2023, revealed a significant increase in […]
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Govt puts small-scale mining operations under scrutiny
The proliferation of small-scale mining activities has resulted in deforestation, water pollution and soil erosion in many parts of the THE Government has put small-scale mining operations under scrutiny to monitor, prevent and manage mining practices that are potentially detrimental to the environment. This comes after the Ministry of Mines and Mining Development has roped […]
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