HARARE - Finance Minister Mthuli Ncube has scrapped the VAT on pre-packaged rice imports following President Mnangagwa's intervention on the long-standing dispute.
The measures will be applied on pre-packed packages of less than 25kg for retail sale, semi-milled or wholly-milled...
Farai Mabeza
The Reserve Bank of Zimbabwe’s Financial Intelligence Unit has directed all banks to temporarily review all ZIPIT transaction limits downwards to $20 000 per day and $100 000 per month to curb illicit foreign currency trading. This comes...
Davison Kaiyo
HARARE – In order to attract investments into the pharmaceutical industry, a new strategy document is proposing tax incentives into the sector.
According to the Pharmaceutical Manufacturing Strategy in Zimbabwe: 2021-2025 which was approved in Cabinet yesterday, competitiveness of...
Davison Kaiyo
HARARE – Mandatory fuel blending has been removed, for now, the Zimbabwe Energy Regulatory Authority (ZERA) has said.
In a statement announcing January fuel prices the regulatory authority said the blending ratio has been reduced to E0.
“The public and...
Talkmore Gandiwa
The Small to Medium Enterprises sector is now the bedrock of the country’s economy, contributing 60% of the total Gross Domestic Product and an estimated 76% of total employment, a senior government official has said.
Addressing entrepreneurs at the...
Talkmore Gandiwa
Zimbabwean tobacco farmers are at risk of being banned for endangering the environment resulting in climate change with calls for them to establish woodlots for curing their crops to continue with their activities.
Most Zimbabwean tobacco farmers, especially the...
HARARE - Finance Minister Mthuli Ncube addressed Parliament regarding ongoing payment delays to Members of Parliament, which he attributed to “cash constraints.” He emphasized that these financial challenges are not new but have been exacerbated by ongoing issues in...
Herzel Mushayabasa/Eddison Mapani/Sharon Chikwanha
Finance and Economic Development Minister Mthuli Ncube has challenged the Zimbabwe Revenue Authority to raise at least $400b through its various activities including improved electronic cargo tracking system.
To support this, the country will speed up the...
Itai Ndongwe
The Zimbabwe Energy Regulatory Authority (ZERA) has announced new prices for liquefied petroleum gas (LPG) for November 2021.
According to the Petroleum (Liquid Petroleum Gas Pricing) Regulations 90 of 2021, the price of gas increased by 9.6% to USD,05per...
Farai Mabeza
Zimbabwe has received a US$1.8 million drought insurance pay out from African Risk Capacity Insurance Company Limited, a financial affiliate of the African Risk Capacity (ARC).
ARC is a specialized agency of the African Union and an initiative designed...
