BUSINESS NEWS

SMES generate $1million in taxes daily at border

SMALL to medium enterprises (SMEs) are generating an average of $1 million a day at the Beitbridge Border Post through payment of taxes, according to Women Affairs, Community, Small and Medium Enterpr...

By Staff reporter | Published: 29 April 2019

BUSINESS NEWS

'SMEs key in uplifting Zimbabwe economy'

The impact of small to medium enterprises (SMEs) on the country's economy cannot be ignored. They contribute largely, not just to the fiscus, but continue to fill the gap in providing services and pro...

By Staff reporter | Published: 16 December 2018

BUSINESS NEWS

SMEs still largely unbanked

Emerging small to medium enterprises (SMEs) are still lagging behind in financial inclusion accounting for only 1 percent of the total bank accounts as at the quarter to March 2018. Figures from the R...

By Staff reporter | Published: 20 June 2018

BUSINESS NEWS

NRZ Pension Fund sues SMEs over rental arrears

THE National Railways of Zimbabwe Contributory Pension Fund has taken one of its Bulawayo tenants, Small and Medium Enterprises Association of Zimbabwe, to court over $13 000 rental arrears. NRZ Pensi...

By Staff reporter | Published: 18 June 2018

TELECOMS & TECHNOLOGY

NetOne to fund 500 SMEs

STATE-owned mobile telecommunications firm, NetOne, has come up with a programme to capacitate 500 Small to Medium Enterprises (SMEs) across the country and help them create jobs in the next few month...

By Staff reporter | Published: 12 June 2018

BUSINESS NEWS

Zimbabwe targets tax cuts for SMEs

The Zimbabwe Revenue Authority (Zimra) plans to cut taxes for small to medium enterprises (SMEs) as part of efforts to help them formalise their operations through compliance. A working paper titled â...

By Staff reporter | Published: 04 June 2018

BUSINESS NEWS

Industry wants tax holidays for SMEs

LOCAL industry is proposing that government offers tax holidays for small- to-medium enterprises (SMEs) to help grow the sector that has become the backbone of the economy.Zimbabwe National Chamber of...

By Staff reporter | Published: 23 April 2018

BUSINESS NEWS

CBZ invests $12m in Harare SMEs centre

Zimbabwe Stock Exchange-listed financial services group, CBZ Holdings, has set aside $12 million to establish a small to medium enterprises centre in Harare. CBZ Properties general manager Hasmon Bvum...

By Staff reporter | Published: 09 April 2018

FINANCIAL SERVICES

CBZ to avail additional $10m for SMEs loans

ZIMBABWE's largest banking group, CBZ Holdings, will this year avail an additional $10 million loan facility to Small and Medium Enterprises (SMEs) as it seeks to consolidate its support to one of the...

By Staff reporter | Published: 23 March 2018

FINANCIAL SERVICES

CBZ targets SMEs as profits rise

CBZ Holdings, Zimbabwe's biggest banking group (by assets and deposits) plans to expand its small to medium enterprise loan book by $10 million to stimulate growth in the sector, as profits rose 17 pe...

By Staff reporter | Published: 19 March 2018

BUSINESS NEWS

Banks, Zimra stifling SMEs sector growth

The Zimbabwe Chamber of Small to Medium Enterprises has said government must in future not disburse any funding targeted at the SMEs through commercial banks as they do not understand the workings of ...

By Staff reporter | Published: 14 March 2018

BUSINESS NEWS

CBZ to host 2nd edition SMEs indaba

ZIMBABWE's largest banking group, CBZ Holdings, will this month host the second edition of the CBZ International Small to Medium Enterprise (SME) Indaba at the ZITF grounds in Bulawayo.CBZ Bank has be...

By Staff reporter | Published: 06 March 2018

BUSINESS NEWS

Homelink sets aside $10 million for SMEs

Homelink Finance Services has set aside over $10 million to enhance the export capacity of small to medium enterprises (SMEs) this year.This is also expected to boost the competitiveness of SMEs produ...

By Staff reporter | Published: 22 February 2018

FINANCIAL SERVICES

NMBZ yet to draw down SMEs credit lines

NMBZ Holdings has secured in excess of US$56 million worth of lines of credit in the last five years to fund various projects, but is yet to draw down on some of them due to foreign currency shortages...

By Staff reporter | Published: 09 February 2018

BUSINESS NEWS

Good times beckon for SMEs

Negotiations involving the Reserve Bank of Zimbabwe (RBZ), ZimTrade and the Export Credit Guarantee Company (ECGC), which will culminate in small and medium enterprises - mainly those in the export bu...

By Staff reporter | Published: 27 November 2017

BUSINESS NEWS

SMEs Minister says vendor removal good

SMALL to Medium Enterprises and Co-operative Development Minister Sithembiso Nyoni says President Mugabe's directive to move vendors to designated areas is progressive and will assist in formalisation...

By Staff reporter | Published: 15 October 2017

BUSINESS NEWS

Homelink avails $1,5m to SMEs

RESERVE Bank of Zimbabwe (RBZ) subsidiary Homelink has availed a $1,5 million loan facility to small to medium enterprises as part of efforts to improve small scale businesses. The funding is coming a...

By Staff reporter | Published: 04 October 2017

OPINION

Dangers of over trading for SMEs

Running a start-up SME business is often a very difficult and tricky affair.Emerging entrepreneurs face myriad challenges, which range from the first stages of coming up with a profitable business mod...

By Dr Sanderson Abel | Published: 27 September 2017

BUSINESS NEWS

India to invest $4 million in Zimbabwe SMEs

INDIAN companies are set to invest $3,9 million towards supporting Small to Medium Enterprises, as part of efforts to forge co-operation with local businesses and creating avenues to markets for their...

By Staff reporter | Published: 11 September 2017

BUSINESS NEWS

SAZ seeks to enforce standards within SMEs

The Standards Association of Zimbabwe (SAZ) is engaging an Indian partner in the roll out of national programme aimed at promoting the adherence to standards among the small to medium enterprises sect...

By Staff reporter | Published: 10 August 2017

BUSINESS NEWS

SMEs register for tax amnesty

THE Zimbabwe Revenue Authority (Zimra) says over 15 000 small to medium enterprises (SMEs) registered their businesses during a tax amnesty window granted to the sector to regularise their tax records...

By Staff reporter | Published: 10 August 2017

OPINION

Alternative SMEs taxation models

THERE is no doubt that small to medium enterprises (SMEs) are fast becoming a key economic pillar not only in Zimbabwe but globally. No government today will ignore the interests of this promising sec...

By Prosper Ndlovu | Published: 02 August 2017

BUSINESS NEWS

More SMEs in Zimra tax net

THE Zimbabwe Revenue Authority has widened the tax net, registering about 13 000 new small to medium enterprises in the six months to June following a successful collaboration with SMEs and the Minist...

By Staff reporter | Published: 17 July 2017

BUSINESS NEWS

Zimra registers more SMEs for VAT

THE Zimbabwe Revenue Authority (Zimra) has registered 12 992 small-to-medium enterprises (SMEs) for value-added tax (VAT) under a moratorium, that expired last month, acting board secretary, Ropafadza...

By Staff reporter | Published: 11 July 2017

BUSINESS NEWS

SMEs 'brave sector' that requires strategic support

The Zimbabwe Association of Microfinance Institutions (Zamfi) says small and medium scale enterprises (SMEs) require strategic guidance and financial support to be able to play a bigger and effective ...

By New Ziana | Published: 17 February 2015
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