OPINION

On Zimbabwe and the first post-Mugabe budget

Zimbabwe's Minister of Finance and Economic Development, Patrick Chinamasa, presented the first post-Mugabe era budget on 7 December 2017. The budget has received excellent reviews as has the two spee...

By Alfred Mthimkhulu PhD | Published: 21 hours ago

BUSINESS NEWS

Blackout hit Zimbabwe banks hard

THE banking sector lost an estimated $70 million after many internet-dependent transactions could not be processed because of the recent data blackout which lasted six hours.On December 5, Zimbabwe ex...

By Staff reporter | Published: 21 hours ago

BUSINESS NEWS

'Zimbabwe industry must start functioning'

VETERAN nationalist Angeline Masuku has bounced back into Government having been appointed by President Emmerson Mnangagwa as the Minister of State for Provincial Affairs in Bulawayo taking over from ...

By Staff reporter | Published: 22 hours ago

BUSINESS NEWS

Investors court Zimbabwe

FOREIGN investors have renewed their interest to commit funds into the country on the back of amendments to the Indigenisation and Economic Empowerment Act and the stance taken by the new administrati...

By Staff reporter | Published: 22 hours ago

ZIMBABWE

Zimbabweans stash $1 billion offshore

FUNDS held by Zimbabweans in offshore banks rose to US$1 billion last year, having declined to US$300 million four years ago, following escalating political risk and uncertainty at home, Reserve Bank ...

By Staff reporter | Published: 14 December 2017

BUSINESS NEWS

Zimbabwe finalises trade, export policies

GOVERNMENT is finalising the formulation of a new National Trade Policy and the National Export Strategy for the period 2018 to 2022.Industry, Commerce and Enterprise Development Minister, Mike Bimha,...

By Staff reporter | Published: 14 December 2017

BUSINESS NEWS

'Zimbabwe budget targets unrealistic'

Finance minister Patrick Chinamasa's budget speech sets a good precedence in terms of policy thrust of reform and economic resuscitation with clear government austerities, international community enga...

By Staff reporter | Published: 14 December 2017

BUSINESS NEWS

Zimbabwe sanctions to remain, says US govt

THE Trump administration will maintain sanctions the United States imposed against Zimbabwe despite the change of leadership in Harare, a senior official has confirmed.Washington imposed a raft of san...

By Staff reporter | Published: 14 December 2017

LANDS & AGRICULTURE

Zimbabwe earns $870m from tobacco

ZIMBABWE has earned $871, 2 million from 176,4 million kilogrammes of tobacco exported mainly to South Africa and China since the beginning of 2017.Statistics from the Tobacco Industry Marketing Board...

By Staff reporter | Published: 14 December 2017

BUSINESS NEWS

Zimbabwe not ready for Zimdollar return

ZIMBABWE is not ready to have its own currency until productivity levels recover to allow for the creation of reserves that will improve the liquidity situation, economic experts have said.Speaking du...

By Staff reporter | Published: 13 December 2017

BUSINESS NEWS

Zimbabwe gets $1.5 billion from Afreximbank

THE African Export-Import Bank (Afreximbank) yesterday announced a $1,5 billion economic stabilisation package for Zimbabwe that will go towards the revival of the productive sector to stimulate more ...

By Staff reporter | Published: 13 December 2017

MINING & RETAIL

Zimbabwe slashes platinum royalty rate

GOVERNMENT has slashed the rate of royalty for all platinum group mining companies to 2.5 percent from 10 percent, a move the Chamber of Mines of Zimbabwe says will go a long way in enhancing viabilit...

By Staff reporter | Published: 12 December 2017

BUSINESS NEWS

Zimbabweans panic as permit deadline approaches

Following months of uncertainty surrounding their stay in South Africa, thousands of Zimbabweans are now fretting over bank threats to freeze their accounts this month-end when their permits expire.So...

By CAJ News | Published: 12 December 2017

TRANSPORT & TOURISM

Air Zimbabwe to get 15 new planes

GOVERNMENT is set to acquire 15 aeroplanes as part of efforts to resuscitate the ailing Air Zimbabwe, Transport and Infrastructure Development Minister Dr Jorum Gumbo has said.In an interview recently...

By Staff reporter | Published: 11 December 2017

INDUSTRIALS & ENERGY

PPC Zimbabwe, Zimra in $3 million tax wrangle

CEMENT manufacturer, PPC Zimbabwe, has filed an urgent High Court chamber application seeking an interdict order to stop the Zimbabwe Revenue Authority (Zimra) from garnishing its bank accounts over a...

By Staff reporter | Published: 11 December 2017

EDUCATION

'Zimbabwe govt can't employ ECD teachers'

Government cannot afford to employ teachers for Early Childhood Development (ECD), Finance minister Patrick Chinamasa has said."Government recognises the complementary role that parents play in the E...

By Staff reporter | Published: 10 December 2017

MINING & RETAIL

Chitando unveils Zimbabwe's mining vision

Newly appointed Mines and Mining Development Minister Mr Wiston Chitando has shared his vision for the extractive industry, which he said will be driven by increased capacity utilisation, ability to ...

By Staff reporter | Published: 10 December 2017

MINING & RETAIL

$649 million boost for Zimbabwe power projects

Government plans to mobilise $649 million to support the implementation of several power projects lined up for next year, in a bid to ensure steady and affordable power supply.A number of projects i...

By Staff reporter | Published: 10 December 2017

BUSINESS NEWS

Zimbabwe industry calls for policy consistency

Finance and Economic Planning Minister Patrick Chinamasa has challenged business leaders to take advantage of the pro-business fiscal policy initiatives announced in the 2018 National Budget, saying ...

By Staff reporter | Published: 10 December 2017

BUSINESS NEWS

Zimbabwe in new major policy shift

THE government will introduce a raft of changes to improve civil service efficiency, promote investment and ensure that parastatals and state enterprises perform, a senior government official has said...

By Staff reporter | Published: 08 December 2017

POLITICS

Mugabe sons back in Zimbabwe

FORMER president Robert Mugabe's sons-Robert Junior and Bellarmine Chatunga-this week met their parents for the first time since the long-time leader was ousted through a military intervention in his ...

By Staff reporter | Published: 08 December 2017

POLITICS

Zimbabwe overhauls indigenisation

GOVERNMENT has overhauled its indigenisation policy as it moves to attract foreign direct investment (FDI) in the country as part of economic reforms spearheaded by President Emmerson Mnangagwa's admi...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

Zimbabwe import bill still relatively high

Finance Minister Patrick Chinamasa has said although there was seemingly an improvement in exports, the overall balance of payments situation remains under pressure, with foreign exchange availability...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

Zimbabwe budget woos foreign investors

Zimbabwe has taken steps towards ending its economic isolation in its first budget since the end of Robert Mugabe's 37-year authoritarian rule.Finance Minister Patrick Chinamasa announced a package of...

By BBC | Published: 07 December 2017

BUSINESS NEWS

Zimbabwe to unveil post-Mugabe budget

Zimbabwe's new government is set to unveil its first budget since the fall of long-serving ruler Robert Mugabe.It comes a day after Finance Minister Patrick Chinamasa signed a $153m (£115m) loan agre...

By BBC | Published: 07 December 2017
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