Multinationals exploit Zimbabwe’s tax laws

ZIMBABWE’s efforts to attract foreign investment through appealing tax incentives have inadvertently created lawful avenues for multinational corporations that seek to minimise their tax obligations, tax experts say.One notable initiative is the foreign currency-denominated- Victoria Falls Stock Exchange (VFEX), an international offshore centre established in 2020, which offers a reduced dividend withholding tax rate of…

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Seed Co plans introducing new varieties

SEED CO Limited (Seed Co) says it will introduce a number of new seed varieties this year for commercialization in line with evolving climate conditions as it continues to diversify its product offerings.In an interview, Seed Co chief executive, Morgan Nzwere said the company produces a new product every year, but this is done on…

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RioZim banks on fresh funding to stay afloat

. . . as majority shareholders opt out RIOZIM is betting on the finalisation of a major line of credit and a new ownership deal to turnaround its waning fortunes which could potentially revamp its production efficiencies and provide working capital.The Zimbabwe Stock Exchange (ZSE)-listed gold producer has for several years been running a high-cost…

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RTG expands into the region

RAINBOW Tourism Group (RTG) says it is expanding its operations into the Southern African region, with its first foray being the acquisition and development of a property in Cape Town.The hotelier’s chief executive Tendai Madziwanyika said the expansion marks a significant step for the group as it seeks to diversify its revenue streams and capitalise…

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Government seeks ‘risk-neutral’ energy solutions

THE government has expressed interest in exploring alternative energy investment models that require less state support, particularly where the private sector is willing to assume financial risk.Speaking at the recently concluded 2025 Powering Africa Summit, Finance Minister Mthuli Ncube stated that the government is considering leasing models as a viable investment approach.“This involves what we…

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Contractors target wheat

THE Food Crops Contractor’s Association (FCCA) is targeting the cultivation of 25 000 hectares in the 2025-26 winter season to meet the industry’s requirement of between 250 000 and 300 000 tonnes annually.Despite the government’s efforts to boost wheat production, resulting in a harvest exceeding 500 000 tonnes last season, a persistent shortage of high-quality…

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Industry calls for urgent action on USD inflation

. . . criticises exchange rate enforcement THE Confederation of Zimbabwe Industries (CZI) has raised concerns over the rising annual US dollar inflation, emphasising the urgent need for stabilisation measures.The industry body pointed out the enforcement of the exchange rate regime by the Financial Intelligence Unit (FIU), citing it as a key driver of inflationary…

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Premier in Zulu project financing dilemma

PREMIER Africa Minerals is weighing various funding options for its local operation — Zulu lithium project including partnerships with investors and sale of assets.The fund raising will support the final commissioning and optimisation of the primary spodumene flotation plant and purchase of the secondary spodumene flotation plant to commence operations at Zulu.The group said it…

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Contango buoyed by new royalty business model

CONTANGO Holdings operating a two billion tonne Muchesu coal project in Binga is optimistic that the transition to a cash-generative royalty company will support its growth.The London headquartered firm partnered investor- Huo Investments to drive significant progress at the Muchesu Mine.“We are well positioned to transition from being a mining operation to a profitable royalty…

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