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10% Export Incentive for Cotton Growers

By Hind Siam Cotton growers will be paid an export incentive of 10 percent as Government moves to boost production of the crop. In a statement yesterday Reserve Bank governor, Dr John Mangudya, said farmers will also get $40 cash per each bale sold with the balance being deposited into …

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RBZ ban hits Golix

Jeffrey Gogo Herald Business Correspondent Harare digital money exchange Golix.com has suspended plans to raise $35,8 million through an Initial Coin Offering (ICO) until further notice, after the Reserve Bank of Zimbabwe (RBZ) effectively shut the door on the trade of cryptocurrencies in the country. The ICO, Zimbabwe’s first, was due to …

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US, Chinese reps fly in for $4,5bn Batoka project

BY FIDELITY MHLANGA Khaya Moyo told delegates attending the Zesa Holdings risk management awards ceremony in Harare on Friday that the two companies had expressed interest in the project. “This morning (last Friday), I received representatives from China Power and General Electric from the United States of America. They have …

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Monthly cost of living rises

BY TATIRA ZWINOIRA In the CCZ’s April 2018 family basket survey, the rise in the family food basket contributed to the increase in the cost of living, rising 2,63% to $144,20 from a March comparative of $140,50. “The cost of living as measured by the Consumer Council of Zimbabwe low …

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Marondera to Spruce Up Roads, Clinics

By Itai Mazire Marondera Rural District Council (MRDC) will next week commence a massive infrastructural rehabilitation exercise in its 23 wards. The rural local authority said funds had been set aside from its $504 000 supplementary budget for 2018. In an interview, MRDC chairperson Mr Patrick Chidhakwa said the objective …

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Venture Into Business, Women Urged

By Wimbainashe Zhakata Women must grab the vast business opportunities presenting themselves in various sectors of the economy in order to empower themselves, a Government minister has said. In a speech read on her behalf by deputy director in her office, Mr Terrence Machocho, Manicaland Provincial Affairs Minister Monica Mutsvangwa …

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