Business

INCENTIVES should be rolled out for financial institutions to lend to local investors to drive Zimbabwe’s local content policy, a new report has revealed. BY NDAMU SANDU IN ADDIS ABABA, ETHIOPIA Zimbabwe is working on a local content policy, which is expected to stimulate the use of local factors of …

ZIMBABWE’S cryptocurrency exchange, Golix, says it has traded more than $20 million to date and is looking forward to opening exchanges in more African countries as well as expanding the portfolio of services they offered. BY MTHANDAZO NYONI In a statement yesterday, Golix said it has been operational in Zimbabwe …

THE Insurance and Pension Commission of Zimbabwe (Ipec) says pension funds have more than $28 million worth of unclaimed benefits, a symptom of lack of knowledge, which is one of the problems burdening the insurance sector. By Melody Chikono Speaking at the Zimbabwe Association of Pension Funds (ZAPF) annual congress …

eMKambo is increasingly meeting rural communities that have been schooled into valuing tangible assets like dams and tractors at the expense of intangible assets like knowledge on how to earn more value from those assets. By CHARLES DHEWA In agricultural communities where assets like irrigation schemes and roads have been …

The inflation rate increased slightly by 0,03 percentage points to 2,71% in April, the Zimbabwe National Statistic Agency (Zimstat) has said, although sceptics think inflation could be higher, as the price of fuel has been on a steady rise in the past few months. BY FIDELITY MHLANGA In March 2018, …

A WIDENING budget deficit, unbridled spending and uncertainties because of this year’s elections have economic analysts worried that the economy could hit further turbulence. By FIDELITY MHLANGA A date for elections is yet to be set but they are due between the tail-end of July and August 22, with a …

Government has started gathering input from the private sector on the possible merger of six entities to form a one-stop shop investment centre. According to preliminary work, eight entities have been proposed to be part of the one-stop-shop, but only three are likely to be wholly merged while the rest …

By Mukasiri Sibanda Right from the beginning, the sunny side of Marange’s rich alluvial diamonds was obscured for many Zimbabweans. More so, to communities impacted by diamond mining activities, who have been subjected to counting the costs of mining and hardly counting any benefits. Weighed down by a plethora of …

European donors are ready to inject funding into Zimbabwe once the MDC Alliance is elected into government, former finance minister Tendai Biti has said. The People’s Democratic Party (PDP) leader was addressing an MDC Alliance campaign rally at Bambazonke Business Centre in Marange on Sunday. Biti and his PDP are …

By Felex Share Government yesterday increased its salary offer to civil servants from 10 to 15 percent as it continues to improve the welfare and working conditions of its workers. The increment is effective July 1. The employer last week tabled a 10 percent offer, which was accepted by civil …