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Govt to Crack Whip On Tax Dodgers

By Africa Moyo Government is considering giving the Zimbabwe Revenue Authority (Zimra) absolute powers to descend heavily on tax dodging companies so as to recover the outstanding $4,5 billion. Finance and Economic Development Minister Professor Mthuli Ncube, said this on Wednesday night in Harare during the Zimra Appreciation Awards Dinner. …

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Inputs Price Reduction Positive, but Revealing

EDITORIAL The increase in prices of farming inputs mainly seeds and fertilisers by over 300 percent in the past three weeks, came as a wakeup call to authorities that there is a need to have continuous environmental scanning — looking out on factors that might offset price equilibrium. Yes, it …

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ZTA Decries High Hotel Price Increases

The Zimbabwe Tourism Authority (ZTA) on Wednesday met tourism industry players over pricing, the state of tourism and to find ways of manoeuvring the prevailing economic challenges in the sector. There was general consensus that the tourism sector was facing challenges with the cost of doing business and ultimately, pricing. …

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Youths in Business Hail President

Youths have hailed President Mnangagwa as a listening leader after he urged them to actively participate in the economy. Addressing members of the Zanu-PF Youth League in Harare on Wednesday, President Mnangagwa challenged young people to help the country to attain Vision 2030. In an interview yesterday, president of Zimbabwe …

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$700m for Major Highway Rehab

By Felex Share Government will now rehabilitate and widen the Harare-Masvingo-Beitbridge highway over the next three years at a cost of $693 million, while dualisation will only take place on some sections of the road. The road will be widened from the current seven metres to 12,5 metres making it …

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ED Calls for Culture of Buying Local

By Leonard Ncube Victoria Falls — PRESIDENT Mnangagwa yesterday appealed to Zimbabweans to develop a culture of buying locally produced goods and services to promote domestic industry and economic transformation. Officiating at the 5th Chartered Institute of Procurement and Supply 2018 annual conference in Victoria Falls, President Mnangagwa called for …

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‘I Belong to Everybody, I Belong to Nobody’

By Strive Masiyiwa As an entrepreneur, on many occasions I have had initiatives for my country Zimbabwe, which could have created tens of thousands of new jobs. When I have discussed them with either investors or banks, they have turned me away, saying: “We don’t want to violate the sanctions …

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Bread Price Set to Rise to $1,40

By Africa Moyo The price of bread is expected to rise marginally to a maximum of $1,40 with effect from today. This follows lengthy negotiations between Government and the National Bakers Association of Zimbabwe (NBAZ), the umbrella body representing the interests of local bakers. Currently, a loaf retails at a …

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ED Confirms Oil, Gas Discovery

By Tendai Mugabe President Mnangagwa yesterday officially announced the discovery of oil and gas in the greater Muzarabani area by Australian Stock Exchange-listed company Invictus Energy stretching over 200km. The size of the land makes the discovery the largest undrilled gas deposits in Africa so far. The announcement comes as …

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