NRZ to appoint substantive GM in April

THE National Railways of Zimbabwe (NRZ) is set to appoint a substantive general manager early next month as part of efforts to revitalise the parastatal, its parent company, Mutapa Investment Fund (MIF) has said. The national rail company has been operating for over a year without a substantive general manager after Respina Zinyanduko, the first…

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Exercise caution: Experts tell government

BUSINESS, labour and consumers are clamouring for the government to do more to cushion them from the economic fallout of the conflict in the Middle East — including the soaring energy, transport and food prices. But many experts say authorities should tread carefully as such interventions carry the significant risk of threatening Zimbabwe’s fragile fiscal…

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Innscor seeks sugar tax reform

INNSCOR Africa (Innscor) says authorities should extend the sugar tax to imported beverages, arguing that the current framework places local manufacturers at a competitive disadvantage and distorts fair market competition. The group, through its beverage-making unit, Prodairy, has seen its margins adversely impacted by the sugar surcharge introduced in January 2024 amid stiffer competition from…

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Government bids to convert MoUs with India

THE government says it intends to move beyond signing memoranda of understanding (MoUs) with India and begin converting them into tangible, bankable projects, warning that many agreements remain unimplemented. The push comes as trade ties between the two countries continue to strengthen with bilateral trade reaching about US$260 million, while Indian investments in Zimbabwe exceeded…

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