Chris Mahove
The citrus industry value chain is playing a crucial role in the economic growth and development of Zimbabwe, contributing between 3-4 % to the country’s Growth Domestic Product.
This was said by the Acting Chief Director, Research Services Department,...
Pride Mzarabani
HARARE – The government has consolidated 11 licence requirements by merging all fragmented local authority licences into a single unitary licence, in a move designed to simplify operations for players in Zimbabwe’s wholesale and retail sector.
The reform, which...
HARARE - The Reserve Bank of Zimbabwe has maintained its key bank policy rate at 130% as it continues to stay the course of tight monetary policy.
The Medium-term Bank Accommodation Policy was also maintained at 75% and will be...
Talkmore Gandiwa/Edwell Chigangaidze
HARARE – NMB Bank says it is in negotiations for US$20 million credit lines from two potential financiers, which assist it to service the increased demand from manufacturing and exporting clients.
Chief executive Gerald Gore said the bank...
Farai Mabeza
Government will set up a national productivity institute under the just launched five-year national development strategy as one of its key strategies for the productive sectors in order to spread what it termed productivity consciousness.
According to the NDS...
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...
Zimbabwe’s diamond industry has been thriving in the past three years.
Although the country’s diamond, gold and mineral revenues are wide, Zimbabwe expanded its diamond production from 2.8 million carats in 2018 to 4.1 million carats in 2019. The growth...
Titus Mukove
HARARE - Tuesday marked the first gear of the Foreign Currency Auction System by the government which is aimed at bringing stability on prices and exchange rate. As expected, there was a sharp fall in the value the...
Ryan Chigoche
HARARE - Treasury has announced an upward review of the tax-free threshold to $500 000 per month from $91 000 effective this month with the highest marginal tax rate of 40 percent now applicable on income above $15...
HARARE - The quickest way to promote ZWL is for the government to start accepting ZWL for stat obligations. Mining companies need not be burdened by paying taxes, electricity in forex when 40% is surrendered to the RBZ.
Tambarara in...
