Day: November 21, 2023
Russia confident Vision 2030 will be achieved
RUSSIA will enhance its partnership and cooperation with Zimbabwe in various fields and is confident that the country, under the leadership of President Mnangagwa, will achieve Vision 2030 to be an upper-middle-class economy. After paying a courtesy call on President Mnangagwa at State House in Harare yesterday, Russian Ambassador to Zimbabwe Nikolai Krasilnikov said his […]
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Zim GDP hits US$66bn
ZIMBABWE’s Gross Domestic Product (GDP) is set to reach US$66 billion this year, 88 percent higher than the previously forecast US$35 billion, a survey by renowned financial analysts, World Economics, shows. The World Economics’ GDP database provides a radically different view of economic activity in over 155 countries of considerable relevance and utility to investors […]
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Brito wants to build on positives
WARRIORS coach Baltemar Brito believes he has a firm ground to build on a formidable team after Zimbabwe held Nigeria to a 1-1 draw in a 2026 World Cup qualifier at Huye Stadium on Sunday. The Warriors fluffed three golden chances late in the game and could have emerged victorious against a Super Eagles side […]
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Lobola payment, optional: New Marriages Act
MEN can now pay lobola only if they want to as a bride price is now a moral decision rather than a mandated legal necessity under the New Marriages Act. This emerged during a recent interactive public legal awareness meeting aimed at delving into the main provisions of the recently enacted Act, in Masvingo Province. […]
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Luxury apartments named after President
President Mnangagwa yesterday broke ground at the US$100 million Millennium Park development in Borrowdale West signalling the construction of the premium luxury 86-unit block of apartments aptly named ED Block during a well-attended housing delivery ceremony. The block has a limited offer of ultra-luxury penthouses, an offering that separates the development from any other in […]
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Sadc leaders propose regional Children’s Day
Leaders from Zimbabwe, Botswana, Namibia and Zambia have called for the expansion of the four-nation sub-regional World Children’s Day commemorations to include many SADC countries for the benefit of children in the entire region. This came out on Sunday night during the 2023 World Children’s Day celebrations held in the coastal town of Walvis Bay, […]
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Kuvimba to sink US$220m into developing lithium mine
ONE of the subsidiaries of State-owned mining group Kuvimba Mining House (KMH), Sandawana Mines, a lithium operation in Mberengwa (Midlands Province) intends to spend an estimated US$220 million on mine development and constructing a processing plant. Sandawana mine, which has a long history dating back to 1955 when emeralds were first mined, is being resuscitated […]
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ZSE to enforce ESG reporting from 2024
Companies listed on the Zimbabwe Stock Exchange (ZSE) and the Victoria Falls Stock Exchange (VFEX) will, starting January 2024, be required to report on sustainability issues as part of their financial disclosures. Between 2019 and 2020, the ZSE and VFEX’s updated listing rules, which now compel listed companies to put in place measures to deal […]
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Super demand can drive Zimbabwean dollar allure: RBZ chief
WITH United States dollars transactions now estimated to account for at least 80 percent of transactions in the economy, the central bank and economists believe more aggressive measures are required to create “super demand” and appeal for the domestic currency to save it from total demise. Although the Government demonstrated its commitment to maintaining the […]
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Local currency 2024 national budget announcement next week
THE Treasury will announce the 2024 National Budget Statement on Thursday next week, which would consolidate the economic gains achieved so far and guide the continued transformation in line with Vision 2030. Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, said the 2024 National Budget will be indexed in local currency and will […]
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