Business

Zimbabwe: Duty-Free Machinery to Boost Agriculture

THE Zimbabwe Revenue Authority (Zimra) has expanded the list of import duty and Value Added Tax-free agricultural equipment, a move described by stakeholders as critical to transforming the sector for economic growth and prosperity. The exemption of some of the agricultural machinery from paying duty comes at a time when …

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Zimbabwe: Explore Foreign Markets, Farmers Urged

Farmers have been encouraged to venture into horticulture and explore regional and international markets to improve Zimbabwe’s foreign currency earnings. Presently, many farmers are involved in traditional and cereal grains production to ensure national food security, although farmers have struggled to produce enough maize, soya beans and wheat due to …

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Zimbabwe: Pricing Starting to Follow Auctions

The pegging of fuel prices to the auction exchange rate almost a fortnight ago and the pegging this weekend of bread to the same rate must be the start of an interim measure to bring pricing under control, especially where the basic product is either wholly or largely imported or …

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Zimbabwe: Collen Bawn Solar Project Gets Investor

Pretoria Portland Cement (PPC) Zimbabwe has secured an investor to build and operate a 32MW solar power plant in Collen Bawn, Matabeleland South. The development of the solar project is aimed at providing the cement producer with 16MW, while the remainder would be fed into the national grid. Last year, …

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Zimbabwe: Agribank Finishes Disposal Roadmap

State-owned Agriculture Development Bank (Agribank) has completed a due diligence to ascertain its asset value before calling for bids from prospective strategic partners willing to inject capital in exchange for equity. The partial share disposal is part of broad measures by the Government to improve the performance and viability of …

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Zimbabwe: IMF, World Bank Spurn Begging Mthuli Ncube, Demand Reforms

The Paris Club has spurned the Zimbabwean government’s appeal for a bailout saying no financial assistance will be extended to Harare until satisfactory reforms implemented. Paris Club comprises major shareholders in international financial institutions, the International Monetary Fund (IMF) and the World Bank, Finance Minister Mthuli Ncube wrote to the …

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