Business
Billing of rates and services exclusively in foreign currency illegal, Treasury
The Minister of Finance and Economic Development, Professor Mthuli Ncube has reprimanded government agencies and local authorities who are charging for their services exclusively in foreign currency in total defiance of the directive to charge for services in local currency. Professor Ncube issued a statement this Tuesday. “On the 29th of May 2023, Government directed […]
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African Sun sponsors Vic Falls Anti-Poaching Unit
Staff Writer Zimbabwe’s leading hotel investment company, African Sun Limited has donated US$21 000 to support the efforts of the Victoria Falls Anti-Poaching Unit (VFPAU), a local organization that is focused on the conservation of wildlife and natural resources. According to Afsun’s Head of Marketing PR and Innovation Charleen Mtezo, the US$21 000 sponsorship caters […]
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To increase or not…Bank notes and withdrawals dilemma
GOVERNMENT will have to play a balancing act amid calls to consider reviewing withdrawal limits or injecting higher-value Zimbabwean dollar notes to enhance transacting convenience for members of the public while ensuring that this does not fuel inflationary pressures, economic analysts have said. Following the depreciation of the Zimbabwean dollar in recent months, and the […]
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Zimbabwe eyes wheat exports to Mozambique as output rises
ZIMBABWE is considering exporting surplus wheat to Mozambique from this year’s anticipated harvest of 420 000 tonnes, well above the country’s requirements of 360 000 tonnes a year. Last year, a record harvest of over 375 000 tonnes was achieved after planting wheat on 80 000 hectares, and that created homegrown carryover stocks. But after […]
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Govt infrastructural projects lay solid basis for growth
THE Government’s decision to prioritise investments in key infrastructural projects, since its inception in 2017, will transform the economy and lives of many ordinary citizens, industry experts say. The Second Republic, led by President Mnangagwa, has invested significantly in infrastructural development as a key enabler to economic transformation, despite limited access to external lines of […]
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Lafarge doubles milling capacity per annum
CEMENT manufacturing firm, Lafarge Cement Zimbabwe Limited has said assessments by management have indicated that it is a going concern as there are no material uncertainties related to events and conditions prevailing within the country’s economic environment that could cast significant doubt on its ability to continue as a going concern. It noted that various […]
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Consumers welcome Zim-dollar strengthening
THE continuous decline of the exchange rate has come as a great relief to consumers bringing hope that prices for basic commodities will follow the same trajectory. Following the recent macro-economic policies, which were put in place by the Government in May, the Zimbabwean dollar has been steadily regaining its value. At the wholesale forex […]
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Econet Victoria Falls Marathon 2023 roars into life
The 15th edition of the Econet Victoria Falls Marathon is set to roar into life today (Sunday, July 2, 2023) in the scenic tourism destination of Victoria Falls. Organizers say the marathon, now widely recognized at the number 1 marathon in Africa, has attracted over 5 000 runners and tourists to the event this year. […]
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Treasury assures of enough resources for polls
TREASURY has said resources to enable the country to hold harmonised elections on August 23 are in place and a number of organisations that facilitate the polls such as the security sector will be provided with adequate funding. Political parties that qualify for funding in terms of the country’s laws will receive their allocations and […]
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Monthly export earnings jump 17pc
ZIMBABWE’S export earnings grew by 17,8 percent to US$654,2 million last month from US$555,5 million recorded in April as Government policy reform measures continue to impact positively on the domestic productive sector with a drastic jump in trade receipts. According to the Zimbabwe National Statistics Agency, (ZimStat) latest report, the jump in foreign receipts was […]
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