Business
Government to channel funds to retain accountants
Finance and Investment Promotion minister, Professor Mthuli Ncube said the Government stands ready to channel the Skills Retention Fund run by the Public Service Commission to retain highly skilled accountants in public entities in a bid to be competitive and promote transparency and accountability. In an interview on the side-lines of the 2023 Public Sector […]
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Non-compliant tourism players put on notice
TOURISM industry players have up to end of next month to regularise their operations in terms of foreign agreements and offshore accounts or face penalties by the central bank as nearly half of the operators are said to be flouting the laws. The deadline is an extension from the initial August 31 cut-off that was […]
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Zim targets exports worth US$14 billion by 2030
SIXTEEN firms are participating in the 2023 Zimbabwe-United Arab Emirates Business Forum which kicked off here this Monday. This comes at a time when Zimbabwe continues to lure potential investors in various sectors of the economy to grow the country’s exports and investment inflows under the engagement and re-engagement agenda. This has seen 16 Zimbabwean […]
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ElNino poses threat to listed agro-stocks
While the agricultural sector remains resilient and offers hope for economic growth, the looming threat of an El Nino weather pattern could pose a significant setback for some listed agro-stocks. The World Meteorological Organization’s (WMO) warning of El Nino conditions could severely impact farm output in Zimbabwe and some regional countries. Zimbabwe is likely to […]
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RTG seeks to acquire complementary business
Rainbow Tourism Group (RTG) has indicated that it is still engaged in negotiations for a potential acquisition of a yet-to-be-named complementary business. Last week, the firm issued its fourth cautionary statement to shareholders that the acquisition process is ongoing. “Further to the cautionary statements published on the 6th and 27th of July and 24th of […]
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Mobile telecommunication operators invest over ZWL$26 billion in capital projects
THE country’s telecommunications sector continues to receive massive support with the latest statistics showing that close to ZWL$26 billion was invested in capital projects by mobile telecommunication firms in the second quarter of this year. A Postal and Telecommunications Sector Performance Report for the second quarter of this year indicates that the mobile operators riding […]
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Government avails 55 combine harvesters for cluster winter wheat harvesting
GOVERNMENT has availed 55 combine harvesters to be distributed across the country under the Cluster Winter Wheat Harvesting Programme aimed at improving production efficiency while also preparing for a swift shift to summer cropping. The cluster harvesting model entails having a combine harvester deployed to a particular area where it will be used before being […]
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Cost of living falls as market remains stable
The cost of living for an average urban family fell in August, indicating continued stability in the market, according to the latest data by a local consumer watchdog. The cost of living, as measured by the Consumer Council of Zimbabwe’s (CCZ), low urban income earner basket for a family of six dropped by 5,5 percent […]
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Govt okays duty free imports of grain
Private companies can now import maize without paying duty as part of the extra precautions being taken to ensure that the possible lower rainfall this season as a result of an El Nino will not lead to a point of inadequate grains stocks. The announcement of the tax concession was made when the Government was […]
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Eastern Economic Forum discusses the role of the EAEU and BRICS in Shaping a New Multipolar World
On Tuesday, 12 September, on the margins of the Eastern Economic Forum, a session entitled “EAEU and BRICS: Role in Shaping a New Multipolar World” was held. The participants discussed how combining the potentials of the two organisations can contribute to the development of an independent infrastructure of the currency and financial market. Ksenia Komissarova, […]
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