Business

THE International Monetary Fund (IMF) has projected a seven percent inflation target for Zimbabwe for the remainder of the year, assuming that macrostabilisation is sustained. The Bretton Woods institution said growth is expected to decelerate to about two percent this year from 5,3 percent in 2023, as the country faces a devastating El Niño-induced drought….

GOVERNMENT says they are seeking to partner international irrigation development partners at the Zimbabwe irrigation indaba slated for Friday as the country intensifies efforts to fight food insecurity and also promote smart agriculture through irrigation. Speaking to the Daily News on Sunday yesterday, deputy minister of Agriculture Vangelis Haritatos said the aim of the government…

STANBIC Bank’s Rise Above Incubator Programme for Small to Medium Enterprises (SMEs) has come full circle with three start-ups poised to receive business loans of varying amounts after coming up tops during the three-month exercise. The three were part of a group of owners of 15 SMEs drawn from various sectors of the economy who…

VICTORIA Falls Stock Exchange (VFEX)-listed diversified manufacturing firm Zimplow Holdings has made a remarkable comeback after the cessation of the Cat distributorship, successfully establishing new distributorships and solidifying its position as a leading equipment distributor. The company has established new distributorships and solidified its position as a leading equipment distributor. Through its subsidiary, Tractive Power…

LEADING financial institution ZB Financial Holdings (ZBFH) is gearing up for the small-to-medium enterprises (SMEs) expo and workshop to be held tomorrow at the ZB Sports Club in Harare. According to ZBFH chief executive, Shepherd Fungura the event tomorrow was meant to empower Harare’s SME sector and accelerate its growth.“The expo themed ‘Accelerating growth of…

THE People’s Own Savings Bank (POSB) has launched the POSB Zimpost Convenience Banking Services at 28 Zimpost offices across Zimbabwe in line with the bank’s financial inclusion mandate. At the selected POSB Zimpost convenience banking service offices, POSB customers can withdraw and/or deposit cash in both USD and ZiG.Additionally, they can complete account opening and…

OLD Mutual Zimbabwe has launched a US$12 million upmarket housing project in Prospect, Harare, designed to provide a modern living experience for local residents. On completion, the project would have 136 standalone four-bedroomed apartments in six high-rise flats. Other apartments would have 72 one-bedroomed, 36 two-bedroomed units and 36 bedsitters. Speaking at a ground-breaking ceremony…

HEALTH experts have said the recent introduction of Zimbabwe Gold (ZiG) will boost the pharmaceutical manufacturing industry as the preferred use of foreign currency hindered the growth of the sector. Speaking to the Daily News yesterday, the Zimbabwe Pharmaceuticals head of operations, Donald Mabhiza, said they were now focused on the regrowth of the sector….

THE Zimbabwe National Statistics Agency (Zimstat) has budgeted US$120 million to undertake the country’s first economic census from next month until 2026. Speaking at the training of Zimstat mappers in Harare yesterday, the agency’s acting director general, Aluwiso Mukavhi, said the census was meant to come up with comprehensive baseline figures on the size and…