Business

AUTHORITIES have announced a new set of regulatory fees for the operations of the insurance industry through a Statutory Instrument (SI) in line with currency changes. The amendments, aimed at streamlining licensing and compliance processes, introduce a more stringent and comprehensive revision of fees for various services and documentation, impacting insurers, brokers, and other industry…

ZIMBABWE’S ambition to develop smart, sustainable, and inclusive cities will take centre stage at the upcoming Smart Cities, Devolution and Property Development Master Class 2025, set for early July in Nyanga. The high-level gathering will be hosted by Global Renaissance Investments (GRI), and according to its chief executive officer (CEO), Ngoni Dzirutwe, is a strategic…

LEADING platinum miner, Zimplats, and funeral assurance company, Nyaradzo Group, have partnered to support, every month, thousands of people with albinism in the country. At the weekend, the two companies took part in the International Albinism Awareness Day commemorations at Norton Primary School where Nyaradzo group public relations officer, Prudence Muganiwah, said the company was…

THE International Fund for Wildlife (IFAW) says it has committed US$1 million for the refurbishment and development of Matetsi Conservancy to meet international standards. This comes after the country hosted the Sadc Transfrontier Conservation Areas (TFCA) Conference last month where countries reinforced political commitment to the programme to promote investment in conservation initiatives and integrate…

FOREIGN direct investment (FDI) inflows to Zimbabwe fell by 6,4 percent to US$596,7 million in 2024 from US$634,7 million in 2023, the United Nations Conference on Trade and Development (UNCTAD)’s latest trade report shows. The figures signal the country’s unfavourable policy and macroeconomic environment which continues to hinder capital flow. This is in stark contrast…

GOVERNMENT is in need of nearly US$50 million to rehabilitate 40 irrigation schemes and restore 10 000 hectares of land into productive use. In a media update yesterday, the ministry of Agriculture permanent secretary, Obert Jiri, said Zimbabwe had an estimated 460 irrigation schemes which all needed rehabilitation, but his ministry was focused on resuscitating 40. …

HWANGE Colliery Company Limited (HCCL) says it has poured more than US$3 million into the development of a new coal wash plant as part of its ongoing efforts to enhance production efficiency and coal quality. Speaking during a stakeholders meeting recently, HCCL chief executive officer William Gambiza highlighted the strategic importance of the investment. “We…

THE Reserve Bank of Zimbabwe (RBZ) has suspended the sale of gold coins to the public with investors advised that coins in their possession remained tradeable. The gold coins were introduced in 2022 as a store of value. “The RBZ wishes to advise the transacting public that the mop-up sale of gold coins has been…

THE Bulawayo City Council (BCC) has partnered with BancABC to launch an online payment platform for ratepayers to decongest revenue halls and reduce queues. In a statement yesterday, the BCC said the payment platform enabled instant updating of consumer accounts upon payment. “This development aligns with the vision of being a leading, smart, and transformative city…

ECONET Wireless Zimbabwe has apologised to its customers for network challenges that affected access to data services from about mid-day on Thursday up to Saturday afternoon last week. “We sincerely apologise to our valued customers, channel partners and stakeholders for the service disruption resulting from a technical fault in our network infrastructure,” Econet deputy CEO…