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Sunway City targets 70% growth in five years
Sunway City, one of Zimbabwe's flagship special economic zones (SEZs) and a major smart city development project, is aiming to reach at least 70 percent completion within the next five years as part o...Published: 11 May 2025 at 21:57hrs | 851 | by Staff reporter
Zimbabwe Must Seize the Opportunity to Attract Investment as South Africa Faces Agricultural and Economic Shifts
The ongoing upheaval in South Africa regarding the removal of white farmers and the broader implications for the country's investment climate present a unique opportunity for Zimbabwe. While the polit...Published: 19 Feb 2025 at 13:13hrs | 496 | by Marilyn Mutize
Zimbabwe tightens noose on informal sector
The government has announced stringent measures aimed at protecting the formal sector from what it describes as unfair competition posed by informal traders.In a statement released on Friday f...Published: 01 Feb 2025 at 08:56hrs | 642 | by Staff reporter
Mthuli Ncube squeezes taxpayers
Finance, Economic Development and Investment Promotion Minister, Mthuli Ncube, yesterday unveiled a set of new taxes aimed at bolstering government revenue in the 2025 national budget. The tax measure...Published: 29 Nov 2024 at 07:16hrs | 825 | by Staff reporter
Zimbabwe govt to simplify business licensing
The Zimbabwean Government is taking proactive steps to simplify the business licensing process and reduce associated costs, with the aim of improving the ease of doing business in the country. A Cabin...Published: 24 Nov 2024 at 10:05hrs | 193 | by Staff reporter
Another big project for Bambazonke
The Airports Company of Zimbabwe (ACZ) has announced plans to establish special economic zones (SEZs) around major airports in the country, beginning with the Robert Gabriel Mugabe International Airpo...Published: 25 Oct 2024 at 16:52hrs | 3367 | by Staff reporter
Zimbabwe aims to become a key blueberry supplier
Zimbabwe is celebrating its recent achievement of gaining access for avocado exports to China, but the country's agricultural sector is witnessing growth in other areas as well, particularly in the bl...Published: 27 Sep 2024 at 08:27hrs | 196 | by Staff reporter
Luxury estate to launch in May
WESTPROP Holdings chief executive Ken Sharpe has revealed that the company will launch the highly-anticipated US$100 million mixed use Hills Luxury Lifestyle Estate in May this year."It is wit...Published: 05 Mar 2024 at 04:58hrs | 2 | by Staff reporter
Zimbabwe records jump in investment proposals
Zimbabwe saw a massive growth in the value of proposed investments in the fourth quarter of 2023 despite approving fewer new investor licenses, according to the Zimbabwe Investment and Development Age...Published: 16 Feb 2024 at 04:56hrs | 1 | by Staff reporter
Prospect Lithium urged to manufacture batteries in Zimbabwe
Mining giant Prospect Lithium Zimbabwe needs to move to manufacture lithium batteries locally and export them to boost Zimbabwe's economy, Minister of State for Provincial Affairs and Devolution for M...Published: 10 Jan 2024 at 05:37hrs | 14 | by Staff reporter
Zimbabwe to sell water to South Africa?
Cabinet has approved a proposal for the multimillion water treatment plant in Beitbridge to sell water to Musina in South Africa to improve water resources and cooperation governance between the two c...Published: 14 Dec 2023 at 03:52hrs | 1 | by Staff reporter
Mnangagwa removes ZIDA Act from Finance Ministry to his office
President Emmerson Mnangagwa has shifted the oversight of the Zimbabwe Investment Development Agency (ZIDA) Act from the Ministry of Finance, Economic Development, and Investment Promotion to his own ...Published: 12 Nov 2023 at 14:19hrs | 16 | by Staff reporter
Mnangagwa clips Mthuli Ncube's wings
PRESIDENT Emmerson Mnangagwa has clipped Finance minister Mthuli Ncube's wings by removing the Zimbabwe Investment Development Agency (ZIDA) Act from his ministry.This comes amid fears t...Published: 11 Nov 2023 at 15:55hrs | 11 | by Staff reporter
Chinese investors flock to Zimbabwe
Since its establishment in 2020, the Zimbabwe Investment and Development Agency (Zida) has issued 932 licenses to investors worldwide, with a significant portion coming from China, particularly in the...Published: 02 Nov 2023 at 05:51hrs | 16 | by Staff reporter
Invitation for investors to invest in Somaliland
Dear Investors, On behalf of the Government of Somaliland, I am humbled and honoured to cordially invite you to explore the immense investment opportunities that lie within this young nation: ...Published: 03 Oct 2023 at 09:53hrs | 36 | by Mohamed Osman Saed
'Zimbabwe treasury lost $1,6 trillion to tax exemptions'
TREASURY, always in financial distress, lost about $1,6 trillion last year, up 312% compared to the prior year, through tax expenditures consisting of uncollected tax due to exemptions and incentives ...Published: 27 Jul 2023 at 06:39hrs | 1 | by Staff reporter
Russian mining giant heads to Zimbabwe
THE world's largest diamond producer Alrosa of Russia will next week be in Zimbabwe to start work on mining operations with 50 more companies from the Euroasian nation targeting various sectors....Published: 27 Jul 2023 at 06:37hrs | 8 | by Staff reporter
Zida approved 4 PPPs in Q2
THE Zimbabwe Investment and Development Agency (Zida) approved four public-private partnerships (PPPs) in the second quarter of this year, with a combined value of more than US$186 million.The...Published: 17 Jul 2023 at 06:58hrs | 14 | by Staff reporter
New housing, industrial stands for Bulawayo
THE Bulawayo City Council has announced plans to avail 557 medium-density residential stands and 250 industrial stands in Umvumila to potentially address housing backlog and boost the city's economy....Published: 03 Mar 2023 at 06:21hrs | 13 | by Staff reporter
Bulawayo reindustrialisation ongoing
The Zimbabwe Investment and Development Agency (ZIDA) has licensed three companies under the Special Economic Zones (SEZs) initiative in Bulawayo but there are growing concerns implementation is movin...Published: 22 May 2022 at 08:27hrs | | by Staff reporter
Mnangagwa meets another Dubai investors delegation
A three-member delegation from one of the largest marine terminal operators in the world, DP World owned by the government of Dubai in the United Arab Emirates (UAE), who are in Zimbabwe to set up log...Published: 19 May 2022 at 06:32hrs | | by Staff reporter
Bulawayo, Polokwane to finally twin
BULAWAYO and the City of Polokwane in South Africa are set to twin, six years after signing a memorandum of understanding (MoU) to strengthen co-operation in trade and development.The developm...Published: 28 Apr 2022 at 09:00hrs | 1 | by Staff reporter
SA delegation calls for Musina/Beitbridge synergies
A SOUTH African delegation on a tour of Beitbridge has called for synergies between the Beitbridge and Musina municipalities to promote economic growth in the two border towns.The delegates fr...Published: 27 Apr 2022 at 12:52hrs | | by Staff reporter
Bulawayo needs new economic soul, says ZITF chair
ZIMBABWE International Trade Fair (ZITF) board chairperson Busisa Moyo has urged Bulawayo entrepreneurs and policymakers to use this year's ZITF edition to discuss problems affecting industries and pr...Published: 14 Apr 2022 at 06:39hrs | 3 | by Staff reporter
Mthuli Ncube sends mixed signals on fuel
FINANCE minister Mthuli Ncube this week sent mixed signals over the country's neo-liberal policy on fuel subsidy as policy inconsistency remains one of the major sources of concern for investors....Published: 19 Mar 2022 at 07:19hrs | | by Staff reporter
Zimbabwe govt assures on repatriation of profits
THE GOVERNMENT has re-assured foreign investors it was ready to facilitate easy repatriation of proceeds from their investments in Zimbabwe if they invest in the country.Zimbabwe is on an aggr...Published: 09 Mar 2022 at 06:53hrs | 1 | by Staff reporter
NRZ to finalise Turkish deal
THE National Railways of Zimbabwe (NRZ) is finalising funding requirements for its recapitalisation deal with Turkish investor Yapi Merkezi, with the Hwange to Harare railway line set to be given prio...Published: 23 Jan 2022 at 08:00hrs | 1 | by Staff reporter
WATCH: Dr. Obert Mpofu a hero or thief?
The question: What has Dr. Obert Moses Mpofu achieved for Zimbabwe and Zimbabweans has been asked by many people and yet met with different answers. Some have claimed without evidence that Obert Mpofu...Published: 21 Jan 2022 at 12:06hrs | 7 | by Nicholas Ncube
'Tax incentives rip off Zimbabwe'
A LEADING resources watchdog has piled pressure on government to disclose the value of potential revenues it forfeits due to special tax incentives offered to attract investment.The Zimbabwe E...Published: 12 Dec 2021 at 19:13hrs | 12 | by Staff reporter
Mnangagwa officially opens VFEX and Caledonia Corporation listing
PRESIDENT Mnangagwa has officially opened the Victoria Falls Stock Exchange (VFEX) here and presided over the listing of global mining giant, Caledonia Mining Corporation Plc.Caledonia is the ...Published: 02 Dec 2021 at 15:51hrs | 11 | by Staff reporter
Gono mourns Doug Munatsi
It is with great sadness that my family and I mourn the untimely death of a fine, seasoned banker and patriotic son of the soil, Douglas Munatsi in tragic circumstances not yet explained to the nation...Published: 01 Dec 2021 at 05:34hrs | 13 | by Dr Gideon Gono
ZNCC pushes for fuel tax cuts
THE Zimbabwe National Chamber of Commerce (ZNCC) this week escalated business's push for an overhaul of the tax regime, as it warned the government that high fuel import taxes could hold back industri...Published: 13 Nov 2021 at 05:53hrs | 10 | by Staff reporter
Mnangagwa turns 79
PRESIDENT Emmerson Mnangagwa today celebrates his 79th birthday with the dream of a better and greater Zimbabwe still his main mission. Since his inauguration in November 2017, Mnangagwa has remained ...Published: 15 Sep 2021 at 06:19hrs | 2 | by Staff reporter
Arenel gets SEZs status
ONE of Bulawayo's top companies, Arenel Private Limited, has been granted a special economic zone (SEZ) status, a decision meant to add impetus to the firm's production efficiencies. A SEZ is ...Published: 13 Sep 2021 at 05:53hrs | 1 | by Staff reporter
Treasury loses $112 billion to dodgy crony tax exemptions
TREASURY, always in financial dire straits, lost about ZW$112 billion in potential revenue last year (approximately US$1.3 billion on the official exchange rate) through tax expenditures consisting of...Published: 10 Sep 2021 at 18:52hrs | 12 | by Staff reporter
Zimbabwe, China exchange notes
Reforms being undertaken by Zimbabwe are aimed at increasing national economic competitiveness, productivity, foreign direct investment inflows, technology transfers and acquaintance with Chinese busi...Published: 07 Sep 2021 at 06:07hrs | 2 | by Staff reporter
MPs call govt to order
LEGISLATORS from across the political divide yesterday teamed up in condemning the government sanctioned demolitions, describing them as an open war against citizens, particularly informal traders....Published: 17 Jun 2021 at 06:12hrs | 2 | by Staff reporter
Mnangagwa completes 5 out of 238 projects from 2018 manifesto campaign - report
PRESIDENT Emmerson Mnangagwa has managed to fulfill only five projects from the 238 initiatives he pledged in his manifesto that he would implement after winning the 2018 presidential election....Published: 23 May 2021 at 08:38hrs | 11 | by Staff reporter
Privatization plans off rails
In November 2018, the Zimbabwean government set out a privatization plan to dispose completely and partially privatize over 23 state entities and parastatals (SEPs). According to the Auditor General R...Published: 07 May 2021 at 15:41hrs | 2 | by Victor Bhoroma
Zimbabwe govt caves in to market pressure
THE Zimbabwean government has caved in to market demands for valuation of the two suspended formally dually-traded securities, Old Mutual and PPC, to be valued according to the closing prices of the t...Published: 30 Apr 2021 at 07:27hrs | 2 | by Staff reporter
BCC plans smart city houses
THE Bulawayo City Council (BCC) is pursuing smart city housing opportunities that include development of low-cost accommodation for low-income earners and renewal of old suburbs.The local auth...Published: 23 Apr 2021 at 07:29hrs | 4 | by Staff reporter
BCC plans smart city housing programme
BULAWAYO City Council says it is pursuing an ambitious plan to develop low-cost houses for low-income earners through a smart city housing programme.The city's economic development officer Kho...Published: 19 Apr 2021 at 06:22hrs | 9 | by Staff reporter
Zimbabwe to export water to SA
ZIMBABWE has sealed a massive multi-million-dollar project to supply bulk water to neighbouring South Africa. Italian company Sallini Construction has been awarded the tender for the project which is ...Published: 16 Apr 2021 at 08:08hrs | 4 | by Staff reporter
Chingases still keen on US$15 million Bulawayo plant
A CHINESE gas manufacturer, Chingases Company Limited is still committed to setting up a US$15 million plant in Bulawayo but the project has been delayed by the Covid-19 pandemic, an official has said...Published: 04 Feb 2021 at 19:28hrs | 18 | by Staff reporter
Conversations must go beyond the forex auction and focus on production
Driving through Zimbabwe's once vibrant industrial hubs in Belmont (Bulawayo), Paulington (Mutare), Southerton, Graniteside, Working, Msasa (all in Harare), and elsewhere, one gets the sense that the ...Published: 28 Jan 2021 at 22:06hrs | 13 | by Andrew Lampard
Conversations must go beyond the forex auction and focus on production
Driving through Zimbabwe's once vibrant industrial hubs in Belmont (Bulawayo), Paulington (Mutare), Southerton, Graniteside, Working, Msasa (all in Harare), and elsewhere, one gets the sense that the ...Published: 28 Jan 2021 at 16:57hrs | 2 | by Andrew Lampard
Feasibility studies for Umvumila on cards
BULAWAYO City Council (BCC) has started engaging potential consultants to undertake feasibility studies for Umvumila area as part of progress towards implementation of the Special Economic Zones in th...Published: 19 Jan 2021 at 17:10hrs | 5 | by Staff reporter
Investment Agency lures diaspora investors into VFEX
THE Zimbabwe Investment Development Agency (ZIDA) says the diaspora community and potential international investors could ride on the newly established Victoria Falls Stock Exchange (VFEX) to harvest ...Published: 01 Nov 2020 at 07:49hrs | 1 | by Staff Reporter
Slow pace of reforms derailed TSP
The Zimbabwean government recently announced the conclusion of the 2 year Transitional Stabilization Programme (TSP) which will be replaced by the first five year National Development Plan (NDP). TSP ...Published: 11 Oct 2020 at 10:00hrs | 1 | by Victor Bhoroma
Slow pace of reforms derailed TSP
The Zimbabwean government recently announced the conclusion of the 2 year Transitional Stabilization Programme (TSP) which will be replaced by the first five year National Development Plan (NDP). TSP ...Published: 10 Oct 2020 at 12:04hrs | 1 | by Victor Bhoroma
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