Farai Mabeza
THE European Union (EU) has suspended restrictive measures on former first lady Grace Mugabe, a move hailed by proponents of government’s re-engagement drive.
In a statement released Monday, the Council of the European Union said that it would maintain...
HARARE - Finance, Economic Development, and Investment Promotion Minister, Mthuli Ncube, has publicly condemned businesses for what he perceives as the misuse of the Beverages Sugar Content Tax, amidst growing criticism over the government’s taxation policies.
Expressing his dismay, Minister...
Sydney Kawadza
Zimbabwe could yet again suffer from self-inflicted challenges that would see the Southern African country fail to capitalize on the African Continental Free Trade Area currently being implemented across Africa.
The key challenges threatening Zimbabwe’s full participation in the...
Staff Writer
The African Development Bank has committed $530 million to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids in Angola and allow for the distribution of...
Rhys Balicholo
HARARE – The high levels of debt in African countries are slowing down the development of the economy where seven countries, Zimbabwe included, have a debt to GDP ratio which is above 100.
In fact, the continent’s combined debt-to-GDP ratio...
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...
HARARE - The Reserve Bank of Zimbabwe has removed bank charges on savings accounts and fixed term deposits while also setting the interest rates payable per month on such accounts. This is effective from July 1, 2021.
In a statement,...
Almot Maqolo
HARARE – Zimbabwe’s GDP will contract by 12.9% in 2020 as drought continues to weigh on agricultural output and energy production from hydropower and as the ongoing currency and liquidity crisis hampers economic activity across the country, the Economic Intelligence...
Simba Rushwaya
Investors at the Victoria Falls Stock Exchange will have exemption from capital gains withholding tax, while foreign investors will have five percent dividend withholding tax, the VFEX has announced.
Zimbabwe is expecting to receive a 50-seater plane by end of March 2023. This was revealed Minister of Transport and Infrastructural Development who was responding to a question by Hon Nyarai Tsuura over the government policy on increasing the...
