Business
Tourism eyes boom in 2024
Local tourism players expect to reap rewards in 2024 as they have continued to invest in their properties post dire straits of the Covid-19 pandemic. The expectations come as tourism receipts increased by 24 percent to US$272,26 million in the period to September 2023 from US$219,45 million achieved during the previous quarter of the same […]
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Banking sector’s credit risk remains low: RBZ
The Reserve Bank of Zimbabwe (RBZ) says credit risk in the banking sector remains low due to sound credit risk management systems and strong internal controls by banking institutions. In its banking sector report for the quarter to September 2023, the central bank said the aggregate non-performing loans to total loans (NPL) ratio of 2,34 […]
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Experts hail new industrial development policy
The new Zimbabwe National Industrial Development Policy being crafted by Government should ride on the gains made under the previous policy while taking into account areas that the country has comparative advantages in, stakeholders that participated at a consultative workshop said yesterday. The new ZNIDP will run from this year to 2030 following the lapse […]
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RBZ allots US$4bn towards raw materials
The Reserve Bank of Zimbabwe has allotted US$4,1 billion to businesses through its Foreign Exchange Auction System, making it the largest local source of foreign currency since its inception. The Foreign Exchange Auction system was introduced in June 2020 in an effort to address the negative impacts of the parallel market on economic stability and […]
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RBZ avails US$4,1 billion to local companies to maintain price stability
THE Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction has allotted a total US$4,1 billion since its inception, maintaining the lead in being the largest local source of foreign currency supporting companies. The Auction system was introduced to create a formal channel for local companies to source foreign currency as opposed to approaching the parallel […]
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Zida works on attracting investors
ZIMBABWE Investment and Development Agency (Zida), enthused by the high uptake of its double online matchmaking mining and tourism initiatives that seek to link mining and tourism players with potential local and foreign investors plans to aggressively upscale the initiatives and partner with line ministries and agencies to facilitate a comprehensive promotion of the platforms […]
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WATCH: Smiles in Kamativi as giant mine reopens
WITH a wide smile, Mr Christopher Mvula, originally from Zambia, could hardly hide his joy recently witnessing the reopening of Kamativi Mine, Hwange district in Matabeleland North province, which has breathed a new lease of life in the area. Mr Mvula worked at Kamativi Mine for 22 years before it shut down in 1994. Born in […]
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Social security for unemployed, SMES on cards
The GOVERNMENT is preparing to launch two ground-breaking programmes to broaden social security coverage through providing comprehensive financial security for the unemployed and those working in the informal sector. The Sunday Mail has gathered that plans are underway to roll out the National Unemployment Benefit Scheme to protect workers against the impact of sudden job […]
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Budget for Gukurahundi public hearings set
The GOVERNMENT has earmarked funding for public hearings — scheduled to commence this quarter — to document and facilitate the resolution of civil disturbances that affected some parts of the country in the 1980s. Attorney-General Virginia Mabiza confirmed to The Sunday Mail that preparations for the hearings, which will mark a historically significant national healing […]
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WEF sheds light on key geopolitical risks
The World Economic Forum’s Global Risks report 2024 believes false information, rising conflicts and economic uncertainty are among the most widespread risks facing this year The World Economic Forum (WEF)’s Global Risks 2024 report, published on January 10, sheds some much-needed light on some of the key risks and issues the global economy is likely […]
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