Leading financial services institution, Stanbic Bank has been named National winner for supporting micro, small to medium enterprises in Zimbabwe by the Zimbabwe National Chamber of Commerce (ZNCC). Stanbic Bank was recognised for coming up with innovative financial products and strategies for SMEs in 2023. The Standard
The power crisis being experienced in the country has crippled both the small to medium businesses and the manufacturing sector while exposing consumers to potential price hikes of goods and services ahead of the festive season. In an interview with 263chat, business people operating in the
The Reserve Bank of Zimbabwe kept its key policy rate unchanged at 200 percent in its latest Monetary Policy Committee (MPC) meeting held last Friday putting to bed hopes of a downward review this year. The Bank hiked its policy rate to 200 percent from 80
Publicly listed tyre manufacturer, National Tyre Services (NTS) Limited says the rolling power outages adversely affected production at its tyre retreading division restricting volumes growth to just 13 percent for the year.
Local businesses are being urged to practice sound cash flow management techniques to avoid borrowing at current interest rates of 200 percent, amid ongoing efforts to push for interest rates cut to sustainable levels. According to Zimbabwe National Chamber of Commerce (ZNCC) president Mike Kamungeremu at
Since the advent of the COVID-19 pandemic and its disruptions to economic activities around the world, the state–funded stimulus packages meant to offer soft landing for businesses have come under immense scrutiny. Public funds by nature have always been subject to increased levels of accountability and
As the Covid-19 pandemic continue to wreak havoc across the globe thousands of jobs are on the line across all sectors in the country. A report titled Sustainable and Flexible Economic Interventions to Address Covid-19 released recently by the Zimbabwe National Chamber of Commerce (ZNCC) said
There is growing concern amongst a wide spectrum of business players over the lackluster implementation of Special Economic Zones, which despite coming into operation last year, progress in the selected areas has remained unsatisfactory, 263Chat Business has learnt. Special economic zones are strategically selected locations, given
Government has called on local business and local industry to improve the competitiveness of their local products on the export market in line with the national thrust on export-led industrialisation. Addressing stakeholders at the ZimTrade Annual Exporters Conference, Minister of Industry and Commerce Mike Bimha said
Section 17 of the Zimbabwe Gender Commission act calls on the state to promote the full participation of women in all spheres of the Zimbabwean Society on the basis of equality with men, Zimbabwe Gender Commission chairperson, Margaret Mukahana Sangarwe has said. Speaking at a breakfast
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