THE GOVERNMENT’S decision to review the tobacco seedlings destruction deadline from December 31 to January 15 next year will give farmers sufficient time to complete planting their crop buoyed by the rains being received across the country, stakeholders have observed. This follows the Government’s recent issuance of a statement in …
Read More »Tsapo Group Clinches Lucrative Ashok Leyland Dealership
By Staff ReporterZimbabwe’s Tsapo Group of Companies recently acquired a distributorship licence from India’s leading commercial vehicle manufacturing giant Ashok Leyland, Nhau/Indaba has established. The deal availed last week at Tsapo offices in Hatfield, Harare has been chided as an indicator of growing relations between India and Zimbabwe as Ashok …
Read More »Punitive Taxes As Mthuli Raises Passport, Toll Fees In 2024 Budget
Finance minister Mthuli Ncube announced a Z$59.5 trillion budget for 2024 on Thursday, raising the price of services and attempting to widen the tax base to shore up the government’s finances. The main opposition labelled his budget “anti-people” after he increased toll gate fees by 150 percent and also nearly …
Read More »80pc Dollarisation Renders Zim Dollar Useless
The Zimbabwe dollar is slowly being rendered irrelevant in the market due to growing dollarisation, heightening fears the domestic unit might face complete rejection in the market by 2025 if no immediate action is taken to reverse the trend, a key industrial group says. The domestic currency is experiencing growing …
Read More »Zim Business Lobby Group Calls For Govt To Destroy Illicit Goods
Business lobby group, the Zimbabwe National Chamber of Commerce (ZNCC) has urged government to destroy all illicit goods especially cigarettes on the spot in an effort to improve accountability and transparency and generate income from under-reported exports. This development coincides with the fact that organized crime syndicates comprising prominent politicians …
Read More »Crude Oil Prices Surge By 2% As Tension Deepens In Middle East
Brent crude futures increased by $1.69 to reach $91.59 a barrel at 03:47 GMT. US crude inventories were reduced by approximately 4.4 million barrels during the week ending 13 October 2023. Credit: drpepperscott230 from Pixabay. Crude oil prices have surged by 2% over concerns about potential disruptions to oil supply …
Read More »‘We Also Want To Be Billionaires’, Chanakira Tells War Veteran Mutsvangwa
Top banker and entrepreneur Nigel Chanakira has challenged Zanu PF to ensure the removal of barriers for enterprising Zimbabweans willing to join the ruling party-dominated league of billionaires. Speaking at the just-ended CEO Roundtable in Victoria Falls, Chanakira questioned whether those from Zanu PF had preserved that status for themselves …
Read More »Private Sector, Govt Urged To Prioritise Research
As the Second Republic continues to create an enabling environment to accelerate modernisation and industrialisation, all scientific research should be contextualised to respond to the country’s needs, President Mnangagwa has said. Already, President Mnangagwa, who is the Chancellor of all State universities, has established industrial parks and innovation hubs at …
Read More »ZSE Market Turnover Up 418pc
The Zimbabwe Stock Exchange (ZSE) recorded a total market turnover of ZWL$171 billion in the third quarter of this year, up 418% from the comparable quarter last year, with five firms contributing more than half of the total revenue. Higher turnover in a stock indicates better liquidity, which means that …
Read More »Importation Of Cars Between Harare & Dar es Salaam Eased
Tanzania has opened an office for the Tanzania Ports of Authority (TPA) in Zimbabwe which will assist in the importation of cars and other goods from the ocean-linked country. Hitherto, Zimbabweans have been travelling long distances to access their second-hand cars bought from either Asia and Europe, which come through …
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