ONE of the world’s leading accountancy firms, PriceWaterhouseCoopers (PwC), has ceased operations in Zimbabwe, effective January 17. PwC is one of the top four accounting firms globally. “As has been communicated to you previously, PwC Zimbabwe will be exiting the PwC Network with effect from 17 January 2025,” PwC stated in a notice to clients….
MINERALS Marketing Corporation of Zimbabwe (MMCZ) has appointed Nomusa Jane Moyo as its new substantive general manager with immediate effect. Moyo has been serving as the corporation’s acting general manager since July 2023, following the death of former general manager Tongai Muzenda. In a statement, MMCZ board chairperson Jemister Chininga expressed confidence in Moyo’s leadership,…
ZIMBABWE’s inflation is expected to remain elevated in 2025 driven by foreign currency exchange rate pressures on the domestic currency — the ZiG, financial analysts, Fincent Securities have said. ZiG month-on-month inflation recorded a drastic drop in the final quarter of 2024 tumbling from 37,2 percent in October to 11,71 percent in November and further…
SEVERAL government ministries and business member organisations will take part in the Africa Business Leadership and Investment Summit (The ABLIS) to be held in Kigali, Rwanda, next month. The ABLIS will bring together top business executives, leaders of corporations and multinationals, policymakers, public and private sector managers, entrepreneurs and investors from the continent and beyond….
THE country is losing over US$300 million to crude oil imports annually, prompting calls for farmers to focus on producing oil seeds locally. Speaking during an Olivine Industry tour in Harare last week, the ministry of Agriculture permanent secretary, Obert Jiri, emphasised the need for farmers to prioritise sunflower, cotton, and soya bean production. “We…
GOVERNMENT is promoting the growth of small and medium enterprises (SMEs) by connecting them with large corporate companies, thereby enhancing their market opportunities. Speaking to the Daily News yesterday, the acting director in the ministry of Industry, Mary Chingonzo, said efforts were underway to capacitate SMEs operations.“This year, we’re enhancing both SMEs and large corporations….
Brighton Muronzereyi STAFF WRITER muronzereyib@dailynews.co.zw ONE of the country’s leading sugar producers, Triangle Limited, has announced plans to retrench some of its workforce due to economic challenges. This comes as most companies are struggling to operate with Beta Holdings and Khaya Cement recently applying to the Master of the High Court to be placed under…
INNBUCKS Microbank Limited (Innbucks) says it plans to use technology to boost operational effectiveness, cut expenses, and spur growth while maintaining strong performance across all of its product lines. InnBucks operates five segments, namely retail banking, credit, structured finance, international banking and wallet services. In its financial statement for the year ended June 30, 2024…
FINANCIAL services platform Mukuru has launched a mobile wallet in the country, Mukuru Wallet. The company yesterday said the mobile wallet was a secure digital store of value and followed Mukuru’s award of a Deposit-Taking Microfinance Institution (DTMFI) licence in Zimbabwe by the Reserve Bank of Zimbabwe (RBZ). “Building on Mukuru’s trusted capabilities, which support…
FINANCIAL analysts firm, FBC Securities says the country should have consistent and predictable monetary policies to boost investor interest in long-term financing arrangements to ease liquidity problems choking businesses. This comes as Zimbabwe is witnessing a growing list of companies going under corporate rescue owing to financing challenges. The past few years have seen Zimbabwean…
