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Zida courts investors for US$150m Victoria Falls project
The Zimbabwe Investment and Development Agency (ZIDA) is actively seeking both local and international investors to participate in the development of Lot 1 of Jafuta Estate, a flagship project within ...Published: 01 Jun 2025 at 14:26hrs | 116 | by Staff reporter
Zimbabwe to benefit from surge in remittances
Zimbabwe stands to gain significantly from a projected surge in remittance inflows into Africa, with the African Development Bank (AfDB) forecasting that the continent will receive US$100 billion in r...Published: 30 May 2025 at 08:58hrs | 131 | by Staff reporter
Harnessing the Zimbabwe diaspora for economic, social development
ZIMBABWE'S diaspora, estimated to exceed five million people, constitutes about 30% of the country's population.This global community represents a powerful resource with the potential to trans...Published: 14 Dec 2024 at 21:08hrs | 375 | by Constantine Chikosi
Mthuli Ncube's budget is anti-people, anti-business and anti-Zimbabwe
Citizens Coalition for Change Statement on 2025 budget statement The recent national budget proposal exposes the Zanu-PF government's obnoxious penchant to compulsorily expropriate people's mo...Published: 30 Nov 2024 at 13:28hrs | 87 | by Willias Madzimure
Mthuli Ncube squeezes taxpayers
Finance, Economic Development and Investment Promotion Minister, Mthuli Ncube, yesterday unveiled a set of new taxes aimed at bolstering government revenue in the 2025 national budget. The tax measure...Published: 29 Nov 2024 at 07:16hrs | 825 | by Staff reporter
Zimbabwe aims to become a key blueberry supplier
Zimbabwe is celebrating its recent achievement of gaining access for avocado exports to China, but the country's agricultural sector is witnessing growth in other areas as well, particularly in the bl...Published: 27 Sep 2024 at 08:27hrs | 196 | by Staff reporter
ZiG sabotage
The introduction of the Zimbabwe Gold currency (ZiG) nearly five months ago has contributed to noticeable stability and low inflation, largely due to the Reserve Bank of Zimbabwe's (RBZ) rigorous meas...Published: 10 Sep 2024 at 08:49hrs | 6536 | by Staff reporter
Zimbabwe anticipating a significant power supply deficit
Zimbabwe is anticipating a significant power supply deficit, projected to reach up to 2,800 megawatts (MW) by the end of 2025, an increase from the current deficit of 500MW. This rise is driven by the...Published: 28 Jun 2024 at 14:54hrs | 9 | by Staff reporter
Potraz mulls US$ indexed tariffs
THE Postal and Regulatory Authority of Zimbabwe (Potraz) is planning to index tariffs to the United States dollar to hedge against losses from exchange rate fluctuations resulting from an unstable loc...Published: 07 Apr 2024 at 10:15hrs | 4 | by Staff reporter
Zimbabwe looks for investment spark in EV market
AN "open for business" initiative launched by the Zimbabwean government in 2018 is being supported by the growing demand for electric vehicles (EVs).The Zimbabwe Investment and Development Agency was ...Published: 24 Jan 2024 at 04:51hrs | 2 | by Staff reporter
Ncube budget proves, once again, 'nation can tax itself into prosperity' by taxing poor to spare the rich
"I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle," said Si...Published: 02 Dec 2023 at 08:44hrs | 12 | by Wilbert Mukori
1 million Zimbabweans return home
MORE than one million Zimbabweans who had left the country returned to settle home permanently during the first half of 2023.This marks a significant surge in returnees, driven mainly by ...Published: 12 Nov 2023 at 11:41hrs | 18 | by Staff reporter
Remittances anchor Zimbabwean economy
THE World Bank recently released global diaspora remittance statistics, which show that expatriates from low and middle-income countries sent over US$647 billion to their home countries in 2022....Published: 07 Jul 2023 at 07:52hrs | 15 | by Victor Bhoroma
'Mnangagwa's govt pampering looters with tax breaks'
ZIMBABWE'S civic society organisations have raised fresh concerns over elevated plunder of the country's resources by multinationals, and are pushing to close loopholes.During a crucial confer...Published: 15 Sep 2022 at 05:53hrs | 1 | by Staff reporter
Zimbabwe's Cyber City mirage
I TOLD Mr (Shaji Ul) Mulk that my desire is to build a smart city like Dubai here. He agreed to build a smart city better than "Dubai," President Emmerson Mnangagwa told guests on Wednesday during the...Published: 23 Jul 2022 at 07:29hrs | 17 | by Paidamoyo Muzulu
Zesa promises to improve electricity supply
Electricity supplies are set to improve soon as Zesa completes a cocktail of interventions to end the major load shedding that has hit residential areas hard and has even affected industrial areas alt...Published: 14 Oct 2021 at 06:22hrs | 2 | by Staff reporter
Zimbabwe in new electricity import deals
Zimbabwe is negotiating for new power supply deals with Zambia and Mozambique, which could see the country importing additional 280 megawatts from the two countries, Energy and Power Development Minis...Published: 13 Oct 2021 at 06:09hrs | 9 | by Staff reporter
Mnangagwa govt's fake mega-deals raised false hopes
IN the run-up to the 30 July 2018 elections, President Emmerson Mnangagwa repeatedly claimed that Zimbabwe had attracted investment commitments amounting to over US$16 billion since he took over power...Published: 18 Sep 2021 at 19:38hrs | 6 | by Staff reporter
Padenga VFEX listing may 'cannibalise' ZSE
PADENGA'S decision to list on the Victoria Falls Stock Exchange (VFEX) was a win for the new bourse and Finance minister Mthuli Ncube's incentive scheme, but the country's biggest broker, Imara, says ...Published: 23 Jul 2021 at 08:54hrs | | by Staff reporter
VFEX in dramatic rebound
THE Victoria Falls Stock Exchange (VFEX) has dramatically emerged to capture some of Zimbabwe's biggest firms, with multinationals making bold moves to step into the waterfall in the past week....Published: 11 Jul 2021 at 10:42hrs | 1 | by Staff reporter
Padenga delists, heads for VFEX
ZIMBABWE Stock Exchange (ZSE)-listed crocodile breeder, Padenga Holdings is set to delist today before switching to the Victoria Falls Stock Exchange (VFEX).The VFEX has struggled to attract c...Published: 09 Jul 2021 at 12:06hrs | | by Staff reporter
The Sentry reveals hidden business networks of Kudakwashe Tagwirei
A REPORT published by The Sentry, Shadows and Shell Games: Uncovering an Offshore Business Empire in Zimbabwe, reveals key details of business practices of controversial local businessman and presiden...Published: 03 Jul 2021 at 21:30hrs | 3 | by Staff reporter
Tharisa buys Great Dyke chrome asset in Zimbabwe expansion
THARISA, the Johannesburg Stock Exchange-listed platinum and chrome producer, has acquired Salene Chrome Zimbabwe for US$3 million as part of its growth strategy in the country.Salene Chrome i...Published: 07 May 2021 at 06:40hrs | | by Staff reporter
Could vaccinating an entire resort town revive Zimbabwe tourism?
With every passing minute, 500 million cubic metres of roaring water rush over the edge, falling into a gorge more than 100 metres below. The sound is thundering, the sight spectacular.Once ag...Published: 01 Apr 2021 at 07:01hrs | | by Staff reporter
Policymakers urged to offer growth incentives for digital infrastructure development
POLICYMAKERS have been called upon to frame policies that help increase investment in resilient digital infrastructure. This comes as the COVID-19 crisis has demonstrated the country's need fo...Published: 02 Mar 2021 at 16:15hrs | | by Agencies
Second lawsuit filed against Mthuli Ncube
A second lawsuit has been filed against finance minister Mthuli Ncube's "unlawful" five-year tax exemption for platinum miner Great Dyke Investments.The company, which has set up a US$3 billio...Published: 15 Feb 2021 at 07:46hrs | | by Staff reporter
Do we still have a government?
ZIMBABWE'S Covid-19 lockdown elapses on 15 February, bringing the country to yet another moment of truth as difficult decisions must be made in answering the all-important question: What happens next?...Published: 13 Feb 2021 at 14:44hrs | | by Staff reporter
Econet hikes tariffs 20%
Econet Wireless Zimbabwe has hiked its voice tariff by 20% to guarantee continued delivery of the service.The latest tariff adjustment comes at a time when government is banking on increased i...Published: 27 Nov 2020 at 07:10hrs | 1 | by Staff reporter
Econet marginally adjusts voice bundle tariffs
HARARE - Econet Wireless Zimbabwe (Econet) this week marginally adjusted its voice bundle tariffs in a bid to guarantee continued delivery of acceptable service to its customers.The telecommun...Published: 24 Nov 2020 at 16:31hrs | 1 | by Agencies
Mthuli Ncube's budget gets Parliament's thumbs up
FINANCE Minister Professor Mthuli Ncube's Finance Bill and $10,62 billion Supplementary Budget as well as measures proposed in the mid-term budget to boost production and revenue inflows sailed past t...Published: 16 Aug 2019 at 00:00hrs | | by Staff reporter
Mthuli Ncube to unveil new measures
Finance and Economic Development Minister Mthuli Ncube is today expected to present his 2019 Mid-Term Budget Review Statement, amid high expectations for measures to improve disposable incomes, boost ...Published: 01 Aug 2019 at 09:13hrs | | by Staff reporter
Mthuli Ncube needs to work his magic on inflation
ECONOMIC analysts expect Finance and Economic Development Minister Professor Mthuli Ncube to announce new measures to contain and bring Zimbabwe's galloping inflation under control when he presents hi...Published: 21 Jul 2019 at 10:03hrs | 1 | by Staff reporter
Trump nails Mnangagwa?
The United States of America has released yet another damning report on Zimbabwe - observing that President Emmerson Mnangagwa's government continues to fail to capitalise on the goodwill that was pre...Published: 17 Jul 2019 at 08:26hrs | 1 | by Staff reporter
Mthuli Ncube's TSP could resolve most of Zimbabwe's structural problems, says US
PRESIDENT Emmerson Mnangagwa's reforms anchored on his short-term policy, the Transitional Stabilisation Programme (TSP) could resolve most of Zimbabwe's structural problems, his most vocal foreign cr...Published: 16 Jul 2019 at 07:29hrs | 2 | by newzimbabwe
Mthuli Ncube promises to reduce tax burden
FINANCE Minister Mthuli Ncube has promised relief on some taxes ahead of his interim budget on July 31, 2019, as a mid-term fiscal review statement measure to cushion people against the continuous ero...Published: 12 Jul 2019 at 09:26hrs | 1 | by Staff reporter
Import substitution: best remedy to high import bill
Zimbabwe imported goods worth $6.85 Billion in 2018, a 38% increase from 2017. That import figure can go up by 30% if smuggled merchandise and under declared imports at the country's border posts are ...Published: 12 May 2019 at 23:15hrs | 1 | by Victor Bhoroma
Export incentives - Good Call on managing the trade deficit
The Reserve Bank of Zimbabwe (RBZ) introduced the Export Incentive Policy in September 2016 at 5% of Gross Export Receipts in order to improve production of minerals and tobacco. The policy was widene...Published: 01 Apr 2019 at 09:28hrs | | by Victor Bhoroma
Supa's media empire crumbling?
FORMER ICT minister Supa Mandiwanzira's media empire has been forced to implement tough survival measures as the country's tanking economy takes its toll on industry and commerce.Mandiwanzira ...Published: 02 Feb 2019 at 05:47hrs | 3 | by newzimbabwe
Masiyiwa Saga: A different perspective
In your response to Human Rights Watch's Ken Roth in the context of the unedifying Dewa-Masiyiwa episode that opened our new year, you say:"Consider, Mr Roth, that it is possible that we Z...Published: 04 Jan 2019 at 12:15hrs | 2 | by Tawandah Mutasa
Fadzayi Mahere exposes 'Tax scam'
Chinese companies in Zimbabwe have not been paying tax since 2012 human rights lawyer Fadzayi Mahere has sensationally claimed.Posting on micro blogging site Twitter Mahere said, "A country th...Published: 03 Jan 2019 at 08:13hrs | | by Mandla Ndlovu
Mnangagwa woos SA investors
The Zimbabwean government on Tuesday embarked on a charm offensive to woo investors in South Africa during the country's "Zimbabwe is open for business" summit held in Johannesburg. Hosted by ...Published: 18 Oct 2018 at 06:32hrs | | by Staff reporter
Mnangagwa's government in SA charm offensive as economy takes tumble
THE Zimbabwean government on Tuesday embarked on a charm offensive to woo investors in South Africa during "Zimbabwe is open for business" summit held in Johannesburg.Hosted by Zimbabwe's emba...Published: 16 Oct 2018 at 14:41hrs | 1 | by ANA
Zimbabwe economy on the mend
Zimbabweans have entered the most anxious week. The new cabinet flew into a cholera crisis and from nowhere prices sky rocketed and rates came to obnoxious stinking levels. Mthuli Ncube's first week i...Published: 18 Sep 2018 at 07:32hrs | 3 | by Dr Masimba Mavaza
While ED's critics keep talking, our president is fulfilling his promises
The Zimbabwean president has started his mandate to rule Zimbabwe for the next five years. He made many sweeping promises on his way to victory on Election Day. After he took the oath of office on 26t...Published: 26 Aug 2018 at 14:41hrs | 1 | by Dr Masimba Mavaza
ZAPU spokesperson throws in hat for Bulawayo Central Constituency
The Zimbabwe African People's Union (ZAPU) spokesperson Thembani Maphosa, fondly known as Iphithule kaMaphosa says he is going to advocate for a constituency development policy which will shift power ...Published: 28 Jul 2018 at 20:00hrs | 16 | by Bakidzanani Dube
The dirty truth about OIL
What does "oil" make you think of? Do "invasions" and "emissions" top your list? Why have leaders thought it worth spilling so much blood for the sake of this pungent mud? And why has it been so hard ...Published: 26 Jul 2018 at 10:13hrs | 1 | by Erick Matotoba
Impact of illicit financial flows on socio economic development
While the "Zimbabwe is open for business" mantra is good in attracting foreign investors the government of Zimbabwe need to step up efforts to curtail illicit financial flows (IFFs) by enforcing anti ...Published: 05 Jul 2018 at 15:04hrs | | by Davison Kaiyo
Impact of illicit financial flows on socio economic development
While the "Zimbabwe is open for business" mantra is good in attracting foreign investors the government of Zimbabwe need to step up efforts to curtail illicit financial flows (IFFs) by enforcing anti ...Published: 26 Jun 2018 at 07:04hrs | 1 | by Davison Kaiyo
Mnangagwa mulls tax incentives to lure investors
PRESIDENT Mnangagwa has implored Finance and Economic Planning Minister Patrick Chinamasa to consider tax incentives and tax holidays for foreign investors to encourage investment and grow the domesti...Published: 15 Jun 2018 at 07:12hrs | 1 | by Staff reporter
Unpacking Zimbabwe's mining sector illicit financial flows
Soon after his inauguration the President of Zimbabwe Emmerson Mnangagwa announced that he has a list of individuals and corporates that has been externalizing money and assets and granted them a thre...Published: 31 May 2018 at 12:00hrs | 3 | by Davison Kaiyo
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