THE government says it is setting up a Companies and Intellectual Property Office as part of the ease of doing business reforms to increase foreign direct investment into the country. Addressing a post-Cabinet media briefing in Harare on Wednesday, Information minister Monica Mutsvangwa said the government had considered and approved the setting up of the…
THE Zimbabwe Revenue Authority (Zimra) published its third-quarter revenue performance report recently. This coincided with cargo traffic clearance glitches at the busiest dryland port of entry in Southern Africa, Beitbridge Border Post, which were caused by upgrades that the tax collector is currently implementing at the crucial gateway to enhance service delivery. Our Features Editor…
DAIRY production offers the best investment opportunities in the livestock sector, as there is still unmet demand in both the local and export markets, a new study has shown. According to the Agriculture Sector Survey for 2021-2022, which was done by Africa Economic Development Strategies (AEDS) in partnership with The Financial Gazette and CBZ Bank,…
ZIMBABWE’s trade development and promotion body, ZimTrade, says there are significant export opportunities for the country’s entire agriculture value chain in Mozambique. ZimTrade recently hosted an inward buyer mission from Mozambique, as part of activities that have been lined up to strengthen engagements between local exporters and buyers from the region. The mission also…
THE National Social Security Authority (Nssa)’s disposal of a 31,2 percent stake in First Mutual Holdings Limited (FMHL) is set to earn it a significant amount of money and foothold in the investee company, it has been learnt. This comes as the compulsory pensions fund’s equity deal with the unnamed counterparty — thought to be…
BUSINESSES in Zimbabwe and neighbouring countries like South Africa (SA), which are still battling to recover from Covid-19’s negative effects, continue to count the cost of crippling power cuts. So bad has the situation become, that worried experts say the unrelenting energy crisis now threatens to sink local economies, with dire consequences for jobs, investment…
THE Zimbabwe Stock Exchange (ZSE) extended its lead over other regional markets in the third quarter of 2021, as its year-to-date (YTD) US$ returns grew from 92,2 percent to 138,8 percent. Data compiled by African Financials showed that the next best returning markets — Lusaka Stock Exchange and Malawi Stock Exchange — were far behind…
CALEDONIA Mining Corporation (Caledonia) is looking to raise as much as US$5 million through its secondary listing on the Victoria Falls Stock Exchange (VFEX), which is scheduled for December 1, 2021. The listing, which was first announced in July, will be through Depository Receipts (DRs) — instruments bearing rights to securities issued in other jurisdictions…
AMID rising global oil prices, on the back of firm demand for fuel as the world recovers from the ruinous coronavirus pandemic, local businesses are calling for the government to cut fuel taxes and levies, claiming the fees are further pushing up retail prices in the country. This comes as the Zimbabwe Regulatory Energy Authority…
ZIMBABWE is creating bilateral relations with other countries in the African Continental Free Trade Area (AfCFTA) to improve its competitiveness and productivity, Industry minister Sekai Nzenza has said. Speaking during a Global Federation of Competitiveness Councils’ (GFCC) virtual meeting last week, the minister said it was imperative for Zimbabwe to learn from the best in…
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