Zim suspends lithium concentrate, raw mineral exports

ZIMBABWE has suspended all raw mineral and lithium concentrate exports with immediate effect, a move expected to strengthen in-country value addition. In a statement, the Minister of Mines Polite Kambamura said the ban was taken in the national interest to ensure value addition and accountability in the mining sector. He instructed the Zimbabwe Revenue Authority,…

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Understanding domestic minimum top-up tax

By Simbarashe Hamudi AS Zimbabwe navigates its complex economic landscape, the introduction of the Domestic Minimum Top-Up Tax represents a pivotal shift in the country’s taxation framework. This new tax regulation, aimed at large multinational enterprises (MNEs), is designed to ensure that these entities contribute a fair share to the nation’s revenue, ultimately enhancing fiscal…

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Diplomacy key to export-led growth

THE government says Zimbabwe is repositioning its exporters as the frontline drivers of economic diplomacy as the country intensifies efforts to secure global market presence. Speaking at the ZimTrade exporters conference, the Minister of Foreign Affairs, Amon Murwira, said the country’s diplomatic engagements were now firmly anchored on trade, investment, and industrial development. “The nation…

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Government intensifies Harare roads rehab

THE government has intensified efforts to rehabilitate deteriorating roads in Harare following the commissioning of a high-capacity asphalt plant designed to accelerate road repairs. Speaking at the commissioning in Harare, the permanent secretary in the ministry of Transport, Joy Makumbe, said the facility marks a major step toward improving urban road infrastructure. “This asphalt plant…

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Zim gets state enterprise funding

THE country’s bid to transform the way in which state enterprises are run has received a boost from the African Development Fund (ADF) as the government moves to strengthen institutional support for reforms in the sector. This comes as the country is seeking to undertake the institutional support for the state enterprise reform project aimed…

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