Informalisation costs Zim US$1,15bn: Study
THE informalisation of the economy has cost Zimbabwe at least US$1,15 billion between 2020 and 2023 and an accumulative US$3 billion with exchange rate distortions, a research paper has shown. … Read More
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Informalisation of economy costs Zimbabwe US$1.15 Billion, research reveals
THE informalisation of the economy has cost the country at least US$1,15 billion between 2020 and 2023 and a cumulative US$3 billion with exchange rates distortions, a research paper has … Read More
Tourism sector poised to become major economic driver
THE tourism sector is on track to become a top economic driver, with Tourism and Hospitality Industry Minister, Barbara Rwodzi, predicting that it could contribute US$600 million to capital investments … Read More
Gold miners urged to exploit strong global prices
MINES and Mining Development Minister, Winston Chitando, has challenged gold miners to increase production by leveraging bullion’s favourable prices on the international markets. Gold is Zimbabwe’s single largest export earner, … Read More
Pambili to commence Golden Mine underground drilling
PAMBILI Natural Resources Corporation, a company specialising in the exploration and development of natural resources in Matabeleland North, has announced the commencement of underground drilling at its Golden Valley Mine … Read More
Seczim bemoans high operating costs for asset managers
THE Securities Exchange Commission of Zimbabwe (Seczim) has bemoaned the high operating costs for asset managers which outpaced growth in revenue in the second quarter ended June 30 with serious … Read More
GB Holdings appoints Gunda as MD
ZIMBABWE Stock Exchange-listed firm, GB Holdings Ltd, has appointed business executive Joseph Gunda as its new managing director. Gunda replaces Wilboard Tsuroh who left the group after a 19-year stint … Read More
African Sun in bid to dispose more hospitality assets
AFRICAN Sun Limited, a company listed on the Victoria Falls Stock Exchange, has hinted on plans to dispose of more hospitality assets as a strategic step to unlock more value. … Read More
ZEDCON indaba to anchor climate financing
PRESIDENT Mnangagwa is expected to headline the third edition of the Zimbabwe Economic Development Conference (Zedcon) to run from September 15 to 17 in Victoria Falls with climate financing and … Read More
Agric growth threatened as banks pull back funding
The agricultural sector, long considered the backbone of Zimbabwe’s economy, is under threat as banks grow increasingly wary of lending to the private sector without Government guarantees. The reluctance stems … Read More
