THE International Monetary Fund (IMF) is in the country for a week-long mission to engage Harare in a Staff-Monitored Programme (SMP) aimed at resolving Zimbabwe’s long-standing external debt arrears. The mission comes at a time when Zimbabwe’s total public and publicly guaranteed (PPG) debt stood at about US$23,4 billion by late 2025, with external liabilities…
BAKER Tilly says it is confident that the Zimbabwe Revenue Authority (Zimra) will meet its 2026 revenue collection target of US$9,4 billion. The government has set a total revenue target of ZiG288 billion this year, equivalent to approximately US$9,4 billion, representing 16,9 percent of gross domestic product (GDP). This target forms part of a near-balanced…
ZIMBABWE recorded a goods trade surplus of US$240,2 million in December 2025, a 163,8 percent increase from the US$91,1 million surplus registered in November, according to the latest data from the Zimbabwe National Statistics Agency (ZimStat). Exports rose by 9,1 percent to US$1,14 billion in December from US$1,05 billion the previous month, while imports fell…
THE Cold Storage Company is scouting for a turnaround specialist to stir its operations back to profitability following years of loss-making. The state-owned beef producer under the Mutapa Investment Fund is among key strategic national assets earmarked for recapitalisation following its exit from corporate rescue in October last year after successful interventions. “The successful candidate…
THE introduction of a Digital Services Withholding Tax (DSWT) on electronic services provided by foreign firms is helping to level the playing field for online businesses, experts say. The DSWT, which officially came into effect on January 1, 2026, following amendments to the Value Added Tax Act, is a tax collection mechanism applied to digital…
THE Zimbabwe Tourism Authority (ZTA) board has appointed communications strategist and academic George Manyaya as its new chief executive officer, effective February 1. In a statement yesterday, the board said…
THE Zimbabwe Revenue Authority (Zimra) is intensifying customs operations to improve compliance and safeguard the nation’s formal trade systems. Speaking at the International Customs Day commemorations held at Plumtree Border Post yesterday, Zimra acting commissioner general Misheck Govha said customs administration had evolved into a strategic function that went beyond tax collection to include trade…
NDARAMA, a local fintech company, has launched a digital platform that links tokenised real-world assets with USD lending delivered through mobile money. Tokenised assets are digital representations of real-world items like real estate, art or commodities recorded as digital tokens on a blockchain, allowing for fractional ownership, easier trading, and automated management via smart contracts.…
AUTHORITIES say the gap between the official exchange rate and the parallel market has narrowed sharply to 20 percent, marking a milestone in the stabilisation of the ZiG. This comes after the country experienced sharp exchange rate spikes in 2024, prompting the government to introduce the gold-backed ZiG currency, which has remained stable for over…
THE Zimbabwe Investment Development Agency (ZIDA) says proposed investment value fell to US$1,18 billion in the fourth quarter ended December 31, 2025, from US$4,59 billion in the corresponding period in 2024. In its fourth-quarter report, ZIDA chief executive Tafadzwa Chinamo said the decline largely reflected the absence of large, capital-intensive projects that had boosted figures…
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