THE government should gradually phase out payment of duty in foreign currency to boost confidence in the local currency, the Confederation of Zimbabwe Industries (CZI) has said. CZI said fiscal authorities should take seriously the need to increase the demand for local currency by gradually phasing out payment of duties and taxes in foreign currency.…
ZIMBABWE’s tourism sector is hopeful that the expected rollout of the African Union passport this year will act as a stimulus for new markets for the country. The initiative which had been stalled by the outbreak of the Covid-19 pandemic, was mooted and is being rolled out as part of the African Continental Free Trade…
ZIMBABWE, Mozambique and the Bahamas were the countries most affected by the impacts of extreme weather events in 2019 followed by Japan, Malawi and Afghanistan, a new report shows. According to the Global Climate Risk Index 2021, Zimbabwe lost 4,26 percent of its Gross Domestic Product (GDP) in 2019 when Cyclone Idai ripped through the…
NATIVE Investments Africa Group founder and property mogul Philip Chiyangwa is constructing three state-of-the-art hospitals in Harare as he seeks to add to the country’s growing need for healthcare infrastructure and medical equipment. The properties being constructed in Borrowdale, Bluffhill and Chisipite, are expected to alleviate the country’s health crisis spawned by outdated equipment, drug…
THE level of debt for low income developing countries is set to soar as they grapple with the effects of the Covid-19 pandemic, the International Monetary Fund (IMF) has warned. In its World Economic Outlook Update for January 2021, the IMF noted that these countries were already struggling with unsustainable debts before the pandemic. “Low-income…
THE manner in which certain bail applications are being handled at the Harare Magistrates’ Court leaves no doubt in the minds of many observers that this court is fast losing its integrity. This is more particularly with cases involving certain political activists. The pattern that one observes is that once certain accused persons are arraigned…
Arthur Manase (AM), was recently appointed substantive general manager/chief executive (CE) of Nssa, after successfully steering and stabilising the entity during his tenure as acting GM from December 2019 to December 2020. Farai Mabeza (FM), The Financial Gazette’s Staff Writer spoke to Manase about his vision for Nssa. Below are excerpts of the interview: FM:…
FROM a global context, beer has become one of the world’s biggest consumer goods categories. Africa has been one of the fastest growing markets with South Africa being the largest beer market constituting about 30 percent of volumes, followed by Nigeria 15 percent and Angola seven percent. Further, the low per capita beer consumption of…
WITH Zimbabwe’s second wave Covid-19 deaths and infections soaring alarmingly in recent weeks, experts are concerned about the impact of the pandemic on the country’s key human capital and the economy. Speaking in an interview with The Financial Gazette this week, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya was among those who said the…
THE South African (SA) government says it has no obligation to pay R2 billion in compensation to Zimbabwean white farmers following dissolution of the Sadc Tribunal, which denied the farmers damages after they were forcefully removed from their farms in the early 2000s. In 2014 the then President Jacob Zuma assented to a 2014 Sadc…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More