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Zim ramps up efforts to boost trade

Enacy Mapakame Business Reporter Zimbabwe is working on several economic initiatives aimed at boosting the country’s competitiveness in the region, facilitate trade and attract the much needed foreign direct investment (FDI). This was said by Finance and Economic Development Minister Professor Mthuli Ncube, who also said that establishment of one-stop …

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Seed Co promotion delivers weighty results

Tawanda Musarurwa Senior Reporter Listed seed processor, Seed Co’s Eleven Tonne Plus Club Promotion, is delivering significant results, with maize farmers under the promotion achieving significant yields. The Eleven Tonne Plus Club Promotion is a programme targeting commercial farmers for soya bean, maize and other seeds in a bid to …

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Decision On Imports Draws Mixed Views

By Elita Chikwati and Enacy Mapakame Amendment of the Statutory Instrument (SI) 122 of 2017 to allow companies and individuals with offshore and free funds to import basic commodities currently in short supply has elicited mixed feelings from individuals and companies. The specified commodities include animal oils and fats, baked …

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Police Blitz Nets 100 Black Market Forex Dealers

By Staff Reporter AT least 107 illegal foreign currency dealers have been nabbed in an ongoing countrywide police blitz that reportedly involves members of the Central Intelligence Organisation (CIO). This was revealed in a Wednesday statement by police spokesperson Assistant Commissioner Paul Nyathi who said the operation was continuing over …

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‘Domestic resource mobilisation key to middle income economy’

Michael Tome Business Reporter Secretary for Finance and Economic Development George Guvamatanga says domestic resource mobilisation will play a pivotal role towards attainment of an upper middle income economy by 2030. Domestic resource mobilisation refers to the generation of savings from domestic resources and their allocation to economically and socially …

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170 Illegal Forex Dealers Arrested

By Freeman Razemba About 170 illegal foreign currency dealers have been arrested countrywide since last week as police intensify a campaign against currency trading which caused volatility in the prices of basic commodities. Police also say they launched the operation against the illegal currency traders because they pose a serious …

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Govt fight forex outflows

Africa Moyo Senior Business Reporter Soya bean hactarage has been increased by 11 000 hectares in the 2018 /2019 cropping season from the almost 22 000ha planted in the prior season, as Government battles to stem surging demand for foreign currency. Government is spending an average of $20 million per …

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Gold eases off

BENGALURU. — Gold prices inched lower yesterday, with some investors taking advantage of a recent surge in prices to lock in profits. Spot gold was down 0,2 percent at $1 231,41 an ounce at 1136 GMT. On Tuesday, it hit a more than three-month high of $1 239,68 as a …

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Rand, euro exchange rate drops 0,6pc

Tension among EUR traders leads to EUR/ZAR exchange rate losses. The Euro (EUR) has fallen by 0,6 percent against the South African Rand (ZAR) today, ahead of a key meeting of European Central Bank (ECB) policymakers. It should be noted that the Euro is trading positively against other peers, so …

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Govt Appoints New MMCZ Board

By Africa Moyo MINES and Mining Development Minister Winston Chitando on Tuesday appointed a new seven member board for the Minerals Marketing Corporation of Zimbabwe (MMCZ). Veteran miner, Mr David Murangari, has been retained as board chairman. Other notable appointments include Chamber of Mines of Zimbabwe chief executive officer Mr …

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