Search / Revenue performance
AfDB flags Zimbabwe's annual financing gap
Zimbabwe will require more than US$3.7 billion annually to meet its Sustainable Development Goals (SDGs) by 2030, according to a new economic outlook report released by the African Development Bank (A...Published: 03 Jul 2025 at 09:25hrs | 111 | by Staff reporter
Zimbabwe's mineral revenues decline despite volume surge
Zimbabwe's mining sector delivered a mixed performance in the first quarter of 2025, with mineral export volumes registering notable growth, but overall revenues falling sharply. This is according to ...Published: 17 Apr 2025 at 07:34hrs | 179 | by Staff reporter
Zimra mulls severe penalty on tax debts
The Zimbabwe Revenue Authority (Zimra) is considering imposing severe tax penalties to compel public and private entities to settle substantial outstanding tax debts. These debts primarily stem from c...Published: 14 Aug 2024 at 08:31hrs | 180 | by Staff reporter
Zimra faces significant debt
The Zimbabwe Revenue Authority (Zimra) faces a significant debt of US$421.4 million and ZiG854.72 million from both private companies and public institutions by the end of the first half of 2024. The ...Published: 02 Aug 2024 at 07:04hrs | 219 | by Staff reporter
Zimra revenue collection surpasses target
A TOTAL of $4,43 trillion in revenue was collected against a target of $3,49 trillion in the first half of the year with positive growth recorded on value-added tax on imports, customs duty, excise du...Published: 29 Aug 2023 at 07:04hrs | | by Staff reporter
Mnangagwa's govt in $174 billion expenditure overrun
ZIMBABWE has reported a $174 billion expenditure overrun in the nine months of 2022 to September, latest figures show.Despite beating revenue collection targets for the nine months of 2022 by ...Published: 27 Nov 2022 at 14:54hrs | | by Staff reporter
Zimbabwe companies miss Zimra revenue target
THE ZIMBABWE Revenue Authority (Zimra) says companies, which are some of the major contributors to revenue, missed the target for the quarter by 17,8% due to depressed economic performance and negativ...Published: 01 Aug 2022 at 06:36hrs | 1 | by Staff reporter
Zimbabwe infrastructure upgrades to boost revenue performance
GOVERNMENT expects the on-going infrastructural development projects, particularly the upgrading of major highways, to impact positively on revenue performance through improved transport and logistics...Published: 01 Aug 2022 at 06:34hrs | 6 | by Staff reporter
Econet says data sales volumes up 58%
LEADING telecommunications company, Econet Wireless Zimbabwe (EWZ) has seen data sales volumes increasing by 58%, surpassing the voice bundles by a huge margin in a trend which testifies to emerging d...Published: 17 Jul 2022 at 09:19hrs | 10 | by Staff reporter
Zimra surpasses target
The Zimbabwe Revenue Authority surpassed its target for the 2022 first quarter by over eight percent despite challenges facing the economy.Zimra collected $178,77 billion against a target of $...Published: 02 May 2022 at 07:54hrs | 3 | by Staff reporter
Zimra records Z$161bn gross revenue Q4 2021
THE ZIMBABWE Revenue Authority (Zimra) has recorded Z$161 billion in gross revenue collections for the fourth quarter ended 31 December 2021, which is 48,9 percent above target.Despite the inf...Published: 31 Jan 2022 at 05:44hrs | 3 | by Staff reporter
Transfer of health workers starts
Cabinet received an update on the country's response to the Covid-19 outbreak, which was presented by the Minister of Defence and War Veterans Affairs, Honourable OCZ Muchinguri-Kashiri, as chairperso...Published: 29 Sep 2021 at 06:37hrs | | by Staff reporter
2021 Mid Term Monetary & Budget analysis
The latest mid-term budget and monetary policy statements were presented in a low key mode with emphasis on avoiding policy shocks that can rock the economy. The Zimbabwean government revised upwards ...Published: 01 Sep 2021 at 15:30hrs | 2 | by Victor Bhoroma
Zimra collects $108bn revenue
Zimra collected $108,93 billion in taxes and duties for the quarter of April to June this year surpassing its target by 15,96 percent, mainly due to intensified enforcement of tax laws and revenue enh...Published: 19 Jul 2021 at 06:38hrs | 2 | by Staff reporter
Zimra to auction smugglers' vehicles
THE Zimbabwe Revenue Authority (Zimra) has resolved to sell impounded vehicles used to transport smuggled goods in and out of the country as the entity escalates its fight against corruption.I...Published: 02 May 2021 at 18:32hrs | 2 | by Staff reporter
Zimbabwe shall rise again
EMMERSON Mnangagwa, in his message during Zimbabwe's 38th Independence celebrations, months after the coup that removed long-serving leader Robert Mugabe and a few months before his election as ...Published: 18 Apr 2021 at 08:54hrs | 3 | by Emmerson Mnangagwa
Mobile money clampdown erodes 2c tax earnings
THE clampdown on mobile money transfer services is negatively impacting on the Intermediated Money Transfer Tax (IMTT) popularly known as 2c tax, which contributed poorly to revenue performance in the...Published: 01 Feb 2021 at 19:25hrs | | by Staff reporter
Zimra targets $387,4bn in 2021
THE Zimbabwe Revenue Authority (ZIMRA) will continue meeting collection targets this year ensuring Government can finance expenditure, after it surpassed the 2020 target by over six percent. I...Published: 01 Feb 2021 at 05:32hrs | | by Staff reporter
Zimra collects $58 billion revenue Q3
THE Zimbabwe Revenue Authority (Zimra) recorded a 31.19 percent jump to ZWL$58,81 in gross revenue collections above the ZWL$44.83 billion target for the third quarter ended 30 September 2020, as more...Published: 26 Oct 2020 at 18:54hrs | | by Staff reporter
Rushed Zim Dollar introduction cost the economy
The Zimbabwean government recently gazetted the Finance Bill (H.B.4 of 2020) which validates the fiscal changes that were tabled in the Mid-Term budget review in July 2020. The Bill amends the Gains T...Published: 22 Sep 2020 at 18:17hrs | | by Victor Bhoroma
Mthuli Ncube, Mangudya should contend with being unpopular
Finance and Economic Development Minister Professor Mthuli Ncube on Thursday presented a $10,85 billion Supplementary Budget and the 2019 Mid-Term National Budget Review Statement. Themed; "Building a...Published: 03 Aug 2019 at 09:19hrs | 1 | by Staff reporter
Zimra revenue collections up 118%
Zimbabwe's net revenue collections grew by 118,9 % to $5,06 billion in the first half of the year from $2,41 billion collected last year driven mainly by the 2% intermediated tax on money transfers an...Published: 30 Jul 2019 at 07:30hrs | | by Staff reporter
Zimra on course to surpass $4,8 billion target
THE Zimbabwe Revenue Authority (Zimra) is well on course to surpass its half year revenue collection target with the final report for the period set for release at the end of this month, board chairpe...Published: 10 Jul 2019 at 18:33hrs | 1 | by Staff reporter
Mthuli Ncube's budget surplus hits $500m
FINANCE and Economic Development Minister Professor Mthuli Ncube's austerity measures are paying dividends with respect to Government finances, once in shambles due to successive budget deficits, with...Published: 10 Jun 2019 at 06:50hrs | 2 | by Staff reporter
Zimpapers profits up 68%
ZIMBABWE'S biggest diversified media group, Zimbabwe Newspapers (1980) limited's profit for the year ended December 31, 2018 surged 68 percent to US$3,8 million compared to US$2,4 million recorded in ...Published: 30 Apr 2019 at 06:40hrs | 1 | by Staff reporter
Mthuli Ncube's mobile transfer tax injects $177 million in three months
THE 2 percent mobile transfer tax introduced by government late last year has injected $177 million into the economy, the country's tax collector has revealed.According to the Zimbabwe Revenue...Published: 26 Jan 2019 at 16:55hrs | | by newzimbabwe
Zimra surpasses FY18 revenue target by 17,7%
Zimbabwe's net revenue collections for the full year to December amounted to $5, 06 billion surpassing its target by about 18% as collections surged in the last quarter due to the 2% tax on electronic...Published: 24 Jan 2019 at 07:29hrs | 1 | by Staff reporter
Zimra to collect $6,2bn in 2019
The Zimbabwe Revenue Authority (Zimra) plans to collect $6,2 billion from taxes this year, representing about 76 percent of the $8,16 billion 2019 Budget. With Zimbabwe's gross domestic product (GDP)&...Published: 04 Jan 2019 at 09:13hrs | | by Staff reporter
Zimbabwe telecoms sector on growth path, revenues exceed $1billion
Zimbabwe's telecoms sector generated revenue in excess of $1 billion and contributed 7,2 % to the country's gross domestic product (GDP) in 2017, the industry regulator has said.Postal and Tel...Published: 03 Dec 2018 at 07:48hrs | | by Staff reporter
Zimbabwe tax system hit by low compliance levels
Zimbabwe's tax system is characterised by low compliance levels as registered corporate taxpayers are not remitting their dues, a tax expert has said.Speaking at The Financial Gazette tax revi...Published: 20 Oct 2018 at 13:59hrs | 13 | by Staff reporter
Zimra beats Q3 revenue target
Zimbabwe's gross revenue collections in the third quarter ended September amounted to $1,28 billion, surpassing the target of $1,089bn by nearly 18%, the tax agency said yesterday.The Zimbabwe...Published: 19 Oct 2018 at 06:40hrs | | by Staff reporter
Honest, open and genuine dialogue can help Zimbabwe move forward
THE effort put in by Finance minister Mthuli Ncube and Reserve Bank of Zimbabwe (RBZ) governor John Mangudya to take Zimbabwe from its economic woes is commendable, but the two must understand that it...Published: 10 Oct 2018 at 06:50hrs | | by David Mhlanga
Investors keen on $2bn Sengwa power project
LISTED mining group, RioZim, says there has been renewed investor interest in its proposed $2,1 billion Sengwa Thermal Power station expected to produce 2 800 megawatts. In a statement accompa...Published: 02 Oct 2018 at 09:42hrs | | by Staff reporter
Zimra collects more than budgeted
THE Zimbabwe Revenue Authority (Zimra) says revenue performance remains on a positive trajectory, with gross collections for July hitting $406,13 million, which was 20,80 percent above target. Zimra's...Published: 24 Aug 2018 at 05:36hrs | | by Staff reporter
Mnangagwa doesn't dream of success, he makes it happen
While everyone's focus is on the upcoming elections, especially the saga revolving around Nelson Chamisa's threats against many bodies, like the ZEC, a weird and wonderful thing has been taking place ...Published: 23 Jul 2018 at 13:04hrs | 2 | by Mike Tawanda
Zimra surpasses target
THE Zimbabwe Revenue Authority (Zimra) performed beyond expectations in the first half of 2018 after gross collections hit $2,41 billion against the budgeted $2,10 billion, driven by excise duty, net ...Published: 19 Jul 2018 at 06:16hrs | 3 | by Staff reporter
Econet Wireless reports $831m topline revenue
ECONET Wireless Zimbabwe has reported impressive $831,6 million top line revenue for the full year ended 28 February 2018, a 34 percent increase from the $621,7 million reported in the prior year....Published: 04 Jun 2018 at 06:39hrs | 2 | by Staff Reporter
Zimra surpasses April target
THE Zimbabwe Revenue Authority (Zimra) says it surpassed its gross revenue target for April 2018 by 9,81 percent to reach $361,88 million.Zimra acting corporate communications head Taungana Nd...Published: 15 May 2018 at 06:56hrs | | by Staff reporter
'Zimbabwe will rise again' - Mnangagwa's independence speech in full
Address by the President of the Republic of Zimbabwe and Commander-in-Chief of the Zimbabwe Defence Forces, His Excellency Comrade E.D. Mnangagwa, on Zimbabwe's 38th Independence Celebrations, 18th Ap...Published: 19 Apr 2018 at 06:57hrs | 21 | by Emmerson Mnangagwa
Zimra surpasses target by 8%
THE Zimbabwe Revenue Authority (Zimra) has recorded $1.1 billion first quarter 2018 gross revenue collections, above target by 8 percent and higher than $862 million recorded in the same period last y...Published: 16 Apr 2018 at 07:10hrs | 1 | by Staff reporter
ZPI sells Zimre Centre
ZIMRE Property Investment Limited has sold off its flagship - Zimre Centre in Harare - for $10,8 million with the proceeds earmarked for the development of the Victoria Falls and Bulawayo projects....Published: 03 Apr 2018 at 06:34hrs | | by Staff reporter
Zimra surpasses January target
The Zimbabwe Revenue Authority (Zimra) surpassed its January 2018 revenue target after gross collections totalled $350,97 million against a budget of $325,05 million, driven by strong out turn in coll...Published: 09 Feb 2018 at 06:10hrs | 1 | by Staff reporter
'140% rise in market capitalisation fuels inflation growth'
THE Zimbabwe Revenue Authority (Zimra) says the bullish run on the local bourse last year was due to excessive money creation on the market resulting in a sharp rise of inflation pressures.In ...Published: 22 Jan 2018 at 05:07hrs | | by Staff reporter
Zimra surpasses target by 17%
THE Zimbabwe Revenue Authority (Zimra) exceeded its 2017 gross annual performance by 17 percent while net collections after deducting refunds were surpassed by 10 percent.In a statement accomp...Published: 19 Jan 2018 at 05:58hrs | | by Staff reporter
ZIMRA exceeds 2017 annual revenue target
The Zimbabwe Revenue Authority (ZIMRA) exceeded its 2017 gross annual performance by 17% while net collections - after deducting refunds – were surpassed by 10%. The actual gross revenue collections...Published: 05 Jan 2018 at 08:11hrs | | by Stephen Jakes
Zimra gears up for festive season
THE Zimbabwe Revenue Authority (Zimra) has introduced an electronic Temporary Import Permit (e-TIP) to make it convenient for motorists when coming to Zimbabwe during the Christmas and New Year holida...Published: 06 Dec 2017 at 05:22hrs | 1 | by Staff reporter
Zimra optimistic of surpassing $3,4bn target
The Zimbabwe Revenue Authority (Zimra) is optimistic that it will surpass this year's $3,4 billion revenue target on the back of measures that the authority has put in place to enhance revenue collect...Published: 01 Dec 2017 at 05:04hrs | 1 | by Staff reporter
Zimra beats revenue targets again
The Zimbabwe Revenue Authority gross collections for the third quarter were 19% above target boosted mainly by higher collections in Value Added Tax, individual tax, excise duty and company tax....Published: 19 Oct 2017 at 06:58hrs | 2 | by Staff reporter
Zimra moves to curb upsurge in tax refund pay outs
THE Zimbabwe Revenue Authority (Zimra) has appointed Value Added Withholding Tax agents to curb the upsurge in tax refund pay outs that impact negatively on the country's net revenue collections....Published: 25 Sep 2017 at 08:31hrs | 2 | by Staff reporter
Mphoko wants death penalty for graft
Vice President Phelekezela Mphoko has called for sweeping law reforms which impose stiffer penalties such as cutting hands and shooting people tried and found guilty of corruption.Mphoko's cal...Published: 18 Jul 2017 at 08:15hrs | 1 | by Staff reporter
Load More Stories
