ZIMBABWE and Zambia’s proposed Common Agro Industrial Park (CAIP), presents a great opportunity for the two countries to improve their trade within the context of the African Continental Free Trade Area (AfCFTA), a government official has said. This comes as representatives of the two countries’ private and public sectors gathered in Harare this week for…
ZIMBABWE is set to derive some intellectual benefits from a summit dubbed, “The Agenda for Africa Industrialisation and Trade”, to be held in South Africa (SA) in October. The event will draw various government officials and private sector stakeholders from across the African continent. According to the event organiser, Panichi Gundo, the summit will be…
FINANCE minister Mthuli Ncube says the government is close to finalising a deal to raise funds for the compensation of white commercial farmers displaced during the fast-track land reform programme. This comes after Ncube held a meeting, just over a week ago, with some of the farmers in Harare to discuss the potential deal to…
HIPPO Valley Estates (Hippo Valley) says it is set to fast-track opportunities for expansion with old and new sugarcane projects, feeding off the Tugwi-Mukosi and Mtirikwi Dams which are close to full capacity to increase revenue and capacity utilisation. The sugar-processor said improvements in yields on existing farms are expected going forward due to increased…
WHILE Getbucks Microfinance Bank is still in negotiations for a recapitalisation, it is now also considering a migration of its shares from the Zimbabwe Stock Exchange (ZSE) to the Victoria Falls Stock Exchange (VFEX). In a statement last week, the company urged caution in the trading of its securities, saying the full impact of the…
ZIMBABWE National Chamber of Commerce (ZNCC) has urged the government to engage businesses that are in tax arrears instead of threatening to shut them down, saying this was a harsh decision. This comes after Finance minister Mthuli Ncube revealed that the Zimbabwe Revenue Authority (Zimra) was as of June 30, 2022 owed $23 billion in…
THE Zimbabwe Stock Exchange (ZSE) chief executive, Justin Bgoni, says the bourse plans to list its own shares. In a recent interview with The Financial Gazette, Bgoni said fund raising was one of the motivation factors for the prospect. “We want to raise money for some plans that we have, such as the minerals commodity…
FIRST Capital Bank announced in May this year that it was a beneficiary bank of the European Investment Bank’s (EIB) medium – long term lines of credit (four to seven years) aimed at giving small to medium enterprises (SMEs) access to working capital in hard currency. Our Features Editor Emmerson Njanjamangezi (EN) sat down with…
CONSTRUCTION works for Makuti inland dry port will commence this month following the completion of designs for the pilot project. In a bid to decongest border posts Finance minister Mthuli Ncube gazetted statutory Instrument 55 of 2020, which saw the government designating Masvingo, Bulawayo, Makuti, and Mutare as the country’s customs dry ports. “In 2021,…
THE government could borrow as much as US$100 million this year through bonds on the Victoria Falls Stock Exchange (VFEX) to supplement its budget, Finance minister Mthuli Ncube has said. In his 2022 national budget statement last year, the minister had said the bonds would come during the first quarter of this year, but a…
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