Home / Business

Business

Wheat production to surge, but imports to continue

ZIMBABWE’S winter wheat production this year is projected to reach over 100 000 metric tonnes (MT) from about 20 000MT in 2017, due to command agriculture-related investments, an official of the Zimbabwe Commercial Farmers’ Union (ZCFU) has said. BY MTHANDAZO NYONI The increase is still less than a third of …

Read More »

Govt in deep sovereign crisis

ZIMBABWE faces the risk of a grave solvency crisis after government experienced a budget overrun of $2,4 billion and a staggering budget deficit of $2,6 billion in 2017, about 59% in excess of actual revenue receipted. BY TATIRA ZWINOIRA Treasury’s consolidated statement of financial performance for the period ended December …

Read More »

Zim targets $200m in flower exports

Business Reporter Zimbabwe is looking forward to develop about 1 000 hectares of cut flower plantations – mostly roses – in the next five years as it seeks to boost foreign currency inflows. In 2002, Zimbabwe exported cut flowers worth $60 million, according to ZimTrade, making it the second largest …

Read More »

Govt changes textile industry employment terms

Africa Moyo Business Reporte Government has come up with a raft of changes to the terms of employment for workers in the textile industry, with the order to stop allocating night shifts to women being the major highlight. Further, Government says employees in the textile manufacturing sector must be paid all …

Read More »

‘Kwese Iflix now largest TV platform in Zim’

Business Reporter Econet Wireless Zimbabwe’s Kwese Iflix now ranks as one of the country’s largest television platform with more than 1,2 million active account holders. The figures were revealed by Econet Wireless Zimbabwe CEO Douglas Mboweni yesterday as he launched a new promotion aimed at pushing for even more customers. …

Read More »

Zim inflation rises to 4,29 percent

Tawanda Musarurwa Senior Business Reporter Zimbabwe’s annual inflation rate rose 1,38 percent to 4,29 percent in July, latest figures from the Zimbabwe National Statistics Agency (ZImStats) show. This was a significant upturn from the June 2018 figure of 2,91 percent. On a monthly basis, the inflation rose 1,03 percentage points …

Read More »

January Disease resurfaces

Blessings Chidakwa Own Correspondent Theileriosis, a cattle disease also known as January Disease, has resurfaced in some parts of Mashonaland West province, killing hundreds of beasts. The disease outbreak has left many farmers in a panic mode with some selling their beasts for as little as $70 each. The deadly …

Read More »

Agreement Water: All you need to know

A water abstraction agreement is a contract that any person, entity or organisation who needs a reservation for their use of raw water from Zinwa managed or State dams enters into with Zinwa for the provision of his or her water requirements. Water abstraction agreements allow Zinwa to effectively plan …

Read More »

Zimra supporting voluntary tax compliance

The Zimbabwe Revenue Authority was established in terms of the Revenue Authority Act [23.11]. In carrying out its mandate Zimra provides a number of support programs to assist taxpayers comply with tax laws. Taxpayers can take advantage of these programs to maintain a clean bill of health. Taxpayer Education On …

Read More »

Govt urged to relax visa regime to promote tourism

THE Hospitality Association of Zimbabwe (HAZ) has urged government to, among other things, revisit visa regime issues and relax some of the requirements in a bid to open gates for potential visitors into the country. BY MTHANDAZO NYONI Zimbabwe uses a migration management system with a three tier visa model …

Read More »
error: Content is protected !!