THE opening up of business during the fourth quarter of 2020 drove rental yields increases, a wealth management firm has said. First Mutual Wealth (FMW) said average rental yield among Zimbabwean property firms ranged between two and six percent for the full year to March 31, 2021, up from a band of 0,1 to three…
ZIMBABWE Investment and Development Agency (ZIDA) says the development of an operationalisation framework for the Victoria Falls Special Economic Zone (SEZ) has received a huge boost from coordination with the International Finance Corporation (IFC). IFC — a sister organisation of the World Bank and member of the World Bank Group — is the largest…
Twenty-time Grand Slam champion Roger Federer and British number one Johanna Konta have both pulled out of this summer’s Tokyo Olympics. Federer, 39, has suffered a setback with an existing knee injury. The Swiss legend won doubles gold at Beijing 2008 and silver in 2012, losing the singles final to Andy Murray. Konta, 30, has…
THE Zimbabwe National Chamber of Commerce says it is focusing on building local business’ capacity to exploit opportunities under the recently launched African Continental Free Trade Area (AfCFTA). The business-member organisation and the United Nations Development Programme (UNDP), together with the United Nations Economic Commission for Africa (UNECA) and other partners ― including ZimTrade and…
ZIMBABWE has started to draw down on a US$11 million facility from the Africa Export and Import Bank (Afreximbank) to more than double its Ammonium Nitrate (AN) fertiliser production in time for the next farming season. Following a bumper harvest this year the government is undertaking reforms to the agricultural value chain to anchor economic…
THE Institute of Directors Zimbabwe (IoDZ) says there is need for specific training and accreditation for board members to improve adherence to corporate governance and stem corruption. Mike Juru, the IoDZ chairman, said there is a gap in the market which was leading to unprofessionalism and enabling corruption. “The success or failure of organisations hinges…
THE Zimbabwe Insurance and Pension Apex Council (Zipac) says the continued suspension of trading in Old Mutual (OM) and PPC shares is hurting its members, which hold significant investments in the counters. Fungibility of the two counters on the Zimbabwe Stock Exchange (ZSE) was suspended in July 2019 by the government, which claimed speculation involving…
ZIMBABWE Revenue Authority (Zimra) says it has submitted the list of shortlisted candidates vying for the tax collector’s top post to the Office of the President and Cabinet (OPC) for security vetting. Zimra vice board chairperson Josephine Matambo told Parliament’s portfolio committee on Budget, Finance and Economic Development this week that the tax collector intends…
THE Tobacco Industry Marketing Board (TIMB) says all players in the tobacco marketing value chain should get vaccinated in the wake of the third wave of infections which has also affected staff at some tobacco companies and threatens to disrupt marketing of the crop. The new wave has seen some of the highest number of…
In last week’s instalment I gave examples of certain clauses that tobacco contractors have to include in their grower contracts. These allow the contractor to derive the most value while minimising risk. This week, I will deal with how inserting certain clauses into tobacco contracts and couching them correctly helps contractors recover debts in foreign…
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