Zimbabwe achieves only 3% investment realization rate over four years, Zida reports

Zimbabwe and South Africa discuss third Beitbridge bridge at Victoria Falls transport talks

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politics Zimbabwe

Zimbabwe and South Africa discuss third Beitbridge bridge at Victoria Falls transport talks

Zimbabwe and South Africa have engaged in discussions regarding a third bridge at Beitbridge during transport talks held in Victoria Falls. This development comes amidst other news from Zimbabwe, including ZIMRA's call for accountants to drive tax compliance, the Supreme Court's rejection of further appeals for Mpofu and Chimombe, and Zida's approval of US$1.59 billion in Q2 investments, with mining leading the sectors. Other reports highlight Parliament's applause for ARDA's production models, an ambassador backing rabbit export drives, and concerns over political tensions at grasslands plots leading to violence. Additionally, ART operations are affected by power outages and raw material shortages, while a new honey testing laboratory has been commissioned to boost export competitiveness.

NewsDay Zimbabwe6 hours ago1 min

Zimbabwe's Q2 investments reach US$1.59 billion, led by mining sector

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business Zimbabwe

Zimbabwe's Q2 investments reach US$1.59 billion, led by mining sector

Zimbabwe approved US$1.59 billion in investments during the second quarter, with the mining sector attracting the largest share. Mining secured 86 licenses valued at US$768.5 million. The manufacturing sector followed, receiving 43 licenses worth US$496.7 million.

NewsDay Zimbabwe8 hours ago1 min

business Zimbabwe

ZEEX launches invoice discounting to address cash flow challenges for Zimbabwean SMEs

The Zimbabwe Entrepreneurship Exchange ZEEX has introduced an Invoice Discounting Marketplace to help small and medium-sized enterprises SMEs in Zimbabwe overcome cash flow issues caused by long payment terms. Many SMEs wait 30 to 90 days for payment from clients like supermarkets, mining companies, manufacturers, and government institutions, which hinders their ability to pay employees, suppliers, and fund new orders. ZEEX's platform allows businesses to sell approved invoices to investors at a discount, providing immediate working capital. Justin Bgoni, Zimbabwe Stock Exchange Holdings chief executive officer, stated that US$50 million has already been committed by investors for these transactions. This method differs from traditional bank lending as it focuses on the quality of the receivable rather than requiring collateral. For example, a furniture manufacturer can sell a US$100,000 invoice due in 60 days to an investor, receiving immediate funds to continue operations. This innovation shifts the financing focus from property ownership to the reliability of the invoice and the customer's ability to pay, making supply contracts with reputable entities financeable assets. Invoice discounting is expected to be a significant game-changer for fast-growing businesses, enabling them to finance new contracts without being constrained by unpaid invoices. For investors, it offers a different risk profile by financing invoices linked to genuine commercial transactions. This product

Zimbabwe achieves only 3% investment realization rate over four years, Zida reports

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Zimbabwe and South Africa discuss third Beitbridge bridge at Victoria Falls transport talks

Zimbabwe's Q2 investments reach US$1.59 billion, led by mining sector

ZEEX launches invoice discounting to address cash flow challenges for Zimbabwean SMEs