finance

Diplomacy key to export-led growth

Advertisements THE government says Zimbabwe is repositioning its exporters as the frontline drivers of economic diplomacy as the country intensifies efforts to secure global market presence.Advertisements Speaking at the ZimTrade exporters conference, the Minister of Foreign Affairs, Amon Murwira, said the country’s diplomatic engagements were now firmly anchored on trade, investment, and industrial development. “The…

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Government intensifies Harare roads rehab

Advertisements THE government has intensified efforts to rehabilitate deteriorating roads in Harare following the commissioning of a high-capacity asphalt plant designed to accelerate road repairs.Advertisements Speaking at the commissioning in Harare, the permanent secretary in the ministry of Transport, Joy Makumbe, said the facility marks a major step toward improving urban road infrastructure. “This asphalt…

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Zim gets state enterprise funding

Advertisements THE country’s bid to transform the way in which state enterprises are run has received a boost from the African Development Fund (ADF) as the government moves to strengthen institutional support for reforms in the sector.Advertisements This comes as the country is seeking to undertake the institutional support for the state enterprise reform project…

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AfDB backs Zim’s development strategy

Advertisements THE African Development Bank (AfDB) has reaffirmed its commitment to supporting Zimbabwe’s national development strategy, pledging assistance to accelerate economic growth, strengthen key sectors, and promote inclusive and sustainable development.Advertisements This comes as the European Union has reaffirmed its commitment to supporting the country, including through the country’s arrears clearance and debt restructuring, and…

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Real estate finance’s critical turning point

Advertisements By Leonita MhishiAdvertisements FOR many Zimbabweans, the dream of owning property or building an investment portfolio in bricks and mortar is intensely personal — it carries memories of “home,” pride in ownership and, for the diaspora, a tangible link to the country they call home. But across our cities and towns that dream often…

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EU backs Zimbabwe in arrears, debt dialogue

Advertisements THE European Union has reaffirmed its commitment to supporting Zimbabwe, including through the country’s arrears clearance and debt restructuring structured dialogue with international partners.Advertisements In an interview, the EU’s new ambassador to Harare, Katrin Hagemann, confirmed this at the weekend. She added that the bloc’s support to Zimbabwe would mainly focus on inclusive dialogue,…

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Caledonia appoints Stanbic, CBZ to lead US$150 mln Bilboes funding

Advertisements CALEDONIA Mining Corporation Plc (Caledonia) has appointed Stanbic Bank Zimbabwe and CBZ Bank as co-lead arrangers for an interim funding facility of up to US$150 million to support the development of its Bilboes gold project.Advertisements The facility is expected to be in place by mid-2026, subject to lender approvals. Caledonia said the facility is…

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Parly pushes for USD IMTT cut

Advertisements PARLIAMENT is actively pushing for the reduction of the intermediated money transfer tax (IMTT) on US-dollar transactions from the current two percent to 1,5 percent to encourage deposits, chairman on budget committee Lincoln Dhliwayo has said.Advertisements He said this at the Annual Tax Review Breakfast Meeting hosted by our sister business paper The Financial Gazette on…

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