Prisca Tshuma and Mishma Chakanyuka AUTHORITIES must now shift their focus from economic stabilisation to aggressive growth generation, experts have urged. This follows Finance minister Mthuli Ncube’s generally well-received mid-term budget review of last week, which was anchored by sustained fiscal discipline and currency stability. In this regard, the experts also said yesterday that to…
ZIMBABWE’S private sector owes the government US$1,2 billion in unpaid taxes, undermining Treasury’s ability to meet its obligations, Finance permanent secretary George Guvamatanga has said. Addressing the 2026 Mid-Term National Budget Business Breakfast Review hosted by our sister paper, Daily News, in Harare yesterday, Guvamatanga said the bulk of the tax debt owed to the…
ZIMBABWE’S economic reform agenda has continued to gain positive global acclaim and reviews, as Britain and France have agreed to co-chair its debt consultative group (DCG) to overhaul its US$23…
Omega Ukama News Editor ZIMBABWE should overhaul its tax system by placing greater emphasis on value-added tax (VAT) and reducing its reliance on traditional taxes, the Institute of Chartered Accountants of Zimbabwe (ICAZ) has said. ICAZ chief executive William Mandisodza made the proposal in Harare yesterday during the Daily News 2026 Mid-Term National Budget Business…
Prisca Tshuma ZIMRE Holdings posted a five percent increase in profit to US$8,1 million for the five months to May 2026, driven by higher insurance revenue and a strong recovery in its non-insurance businesses. Speaking at the group’s annual general meeting, chief executive Stanley Kudenga said the reinsurance business remained the group’s biggest earnings contributor,…
News Editor NATIONAL Employment Councils (NECs) are crying out for urgent reforms, as their rigid minimum wages and retrenchment rules are harming struggling businesses and discouraging both foreign and domestic investment, experts say. This comes as many companies across various sectors continue to enter corporate rescue or to scale back their operations, amid mounting financial…
THE admission of Zimbabwe as a borrowing member of the New Development Bank (NDB) will usher in a new era of alternative development financing, opening fresh funding avenues for critical infrastructure, analysts say. The country has endured close to two decades of isolation from traditional lenders, mainly the Bretton Woods institutions the International Monetary Fund…
ZIMBABWE’S annual ZiG inflation rate fell from 4,7 percent in June to 3,2 percent in July 2026, marking a notable slowdown in overall consumer price growth. The national statistics agency also recorded a drop in monthly ZiG inflation to 0,1 percent as local price pressures eased across the domestic market. However, rising costs in housing,…
THE Mines and Minerals Bill is on course to be gazetted into law before year-end after the government addressed constitutional concerns raised by Parliament, Mines minister Polite Kambamura has said. Speaking during a recent tour of Mutapa Gold Resources’ Freda Rebecca Mine in Bindura, Kambamura said authorities had resolved issues raised by Parliament’s legal committee…
THE Zimbabwe Stock Exchange (ZSE) has officially launched the Zimbabwe Entrepreneurship Exchange (ZEEX), a specialised platform aimed at helping small and medium enterprises (SMEs) raise capital. The exchange, unveiled in Bulawayo last week after receiving regulatory approval from the Securities and Exchange Commission of Zimbabwe (SECZim), marks the latest attempt to integrate SMEs into the…
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