THE United Nations Economic Commission for Africa (Uneca) says the harmonised policy, the legal and regulatory framework for Zambia and Zimbabwe’s proposed Common Agro-Industrial Park (CAIP) is now complete. The proposed park is expected to improve trade between the two countries within the context of the African Continental Free Trade Area (AfCFTA). Benefits of the…
FINANCE minister Mthuli Ncube says the government is waiting for a response from white former commercial farmers, who were displaced during the land reform, on a proposed compensation framework. The government has proposed floating a debt instrument to raise the US$3,5 billion needed to pay off the former farmers for improvements made on the land.…
EFFECTIVE implementation of local content thresholds in the fertiliser, packaging and pharmaceutical sectors needs capacitation of various sub-sectors, a recent government-commissioned study has shown. According to the Development of Local Content Thresholds for Fertiliser, Packaging and Pharmaceutical Sectors draft report submitted to the Industry and Commerce ministry, a number of capacity needs should be addressed…
IN last week’s article, I looked at the circumstances under which a contract might be deemed voidable. In this week’s article, I continue that conversation and expand it by dealing with how you can prove the existence and terms of a verbal contract. Thirdly, a contract can be voided on the basis of mistake. A mistake…
AT LEAST 65,2 percent of the country’s population did not use the internet at the beginning of the year, as the number of users stood at 5,74 million, according to a recent report. According to the global digital insights platform, DataReportal, the 65,2 percent represents 10,75 million people who were offline. “Zimbabwe’s internet penetration rate…
Kylian Mbappe scored a club-record 201st goal for Paris St-Germain in an entertaining 4-2 win over Nantes. He had to wait until the 92nd minute but was clinical as he turned to finish left-footed and go clear of Edinson Cavani at the top of the PSG goal list. The France forward, who turned 24 in…
ZB FINANCIAL Holdings Group (ZBFH) recently launched a new customer service centre in Gweru as it seeks to transform its business operations, amid its bid to acquire StanChart. Our Staff Writer Mishma Chakanyuka (MC) sat down with ZBFH Group chief executive Shepherd Fungura (SF) to discuss these developments and the group’s future plans. Below are…
ZIMBABWE’S exports to the United Arab Emirates (UAE) rose by 23 percent to US$2,13 billion in 2022, compared to US$1,72 billion in 2021, latest data from the Zimbabwe National Statistics Agency (ZimStat) shows. According to the International Trade Centre, Dubai is the most important export hub in its region and has become the third largest…
PLAYERS in the macadamia nut industry say they do not expect a major recovery in prices this year as they focus on improving crop quality. This comes as the crop witnessed a decrease in prices last year due to the Covid-19 pandemic-induced lockdown in major customer countries. “I don’t expect that there will be a…
A joint US and Australian law enforcement operation arrested an international drugs ring after intercepting 2.4 tonnes of cocaine aboard a vessel off the coast of South America that had been bound for Australia. The cocaine, linked to a Mexican drug cartel, had a street value of around A$1 billion (US$677 million), and was equivalent…
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