TREASURY says remittances are projected to increase by 4,9 percent to US$2,7 billion in 2025 from US$2,6 billion in 2024, sustaining a positive current account balance.Minister of Finance, Mthuli Ncube, said this comes as remittances increased by 7,1 percent to US$635,2 million in the first quarter of 2025, from US$593,2 million in the comparable period…
CABINET has approved a wide-ranging review of licences, permits, levies and fees in the agriculture sector in line with the mid-term budget ethos of reducing the cost of doing business in the country.The development comes as business players are grappling with a plethora of taxes, combined with a difficult regulatory framework, stifling business growth.Information minister…
AUTHORITIES are projecting a significant boost in direct investment, with inflows expected to exceed US$600 million in 2025.The increase is set to be driven primarily by the energy, mining, and manufacturing sectors, which are identified as the main recipients of the capital. Last year, foreign direct investment into the country declined by 6,4 percent to…
GOVERNMENT will facilitate funding of the Small and Medium Enterprises Development Corporation (SMEDCO) by the private sector to complement constrained budgetary support.SMEDCO is a state-owned entity that exists to promote the development of SMEs.Limited access to affordable and patient capital continues to hinder the growth of SMEs by restricting their ability to invest in crucial…
THE Zimbabwe Investment and Development Agency (Zida) has launched an electronic regulations portal, aligning government regulatory and administrative processes to be more transparent and accessible to the public.The digital platform will foster a more conducive environment for business, trade, and investment by increasing transparency and simplifying procedures.“This project aims to enhance transparency, efficiency, and accessibility…
ZIMBABWE’s mid-term budget and economic review, presented by Finance Minister Mthuli Ncube last week, offers a candid look at the nation’s economic trajectory amid a challenging global landscape.The review highlights a commendable six percent projected GDP growth, primarily buoyed by a robust agricultural season and a strengthening mining sector, anchored by strong gold performance.The agricultural…
MANUFACTURING sector output will grow by 2,4 percent this year, 0,7 percentage points weaker than earlier projections of 3,1 percent on account of anticipated production challenges in the cement sector, Treasury has said.The cement sector is grappling with the influx of cheaply-manufactured imports that are posing unfair competition for local producers.Presenting the 2025 Mid-Term Budget…
THE United Arab Emirates (UAE) has become Zimbabwe’s largest export destination, contributing 46 percent of total exports in the first half of 2025, up from 29,5 percent the previous year, ZimTrade has revealed.The Persian Gulf economic power has since overtaken South Africa and China, previously Zimbabwe’s largest export destinations in that order.“This shift is largely…
Tapiwa Mashakada THE first order of business is to appreciate the overall performance of the 2024 budget before I look at the performance of the 2025 budget during the first six months of 2025. After all, that is the key focus of a mid-term review.In doing so, I pose upfront questions, namely: Did government meet…
ZIMPLATS Holdings (Zimplats) mined volumes increased by four percent year-on-year to 2,046 million tonnes during the quarter ended June 30, 2025, driven by contributions from open-pit operations.The platinum group metals miner’s 6E metal in the final product surged by 34 percent from the prior quarter and 21 percent year-on-year, reaching 186 946 ounces.The increase was…
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