Government’s restrictions on electronic money have helped stabilise the currency, but they have also eroded revenue contributions from the 2% tax, an unpopular but reliable revenue source over the past two years. According to the third quarter revenue data just...
By Tendai Marima Dozens of green and yellow tractors, along with eight combine harvesters and other pieces of agricultural equipment were delivered to Zimbabwe in April as part of an audacious attempt to mechanise and modernise a farming industry currently...
The Zimbabwe government has announced that it will offer land back to two categories of farmers who were dispossessed under land reform. As is the case with all things land, the announcement was met with outrage. “Mugabe turning in his grave,”...
By Tom Hill Just over four years ago, Zimbabwe, the UK, and 194 other countries came together in Paris to reach an ambitious agreement to combat climate change and reduce global CO2 emissions. The UK is leading the way in building...
Finance Minister Mthuli Ncube had planned to sell all or part of 35 state enterprises by December this year. But, almost two years after he announced his plan, many of the transactions are still stalled at the starting line because...
Cement maker Pretoria Portland Cement (PPC) Zimbabwe says it has secured a partner to build and operate a 32MW solar park to power up two of its plants. The photovoltaic (PV) project will be sited at PPC’s clinker factory in...
The government spent Z$480 million on the Zupco and roller meal subsidies in the first four months of 2020, but still managed to balance its budget over the period, Treasury data shows. Government also spent a cumulative Z$942 million on...
The Monetary Policy Committee (MPC) has raised the main policy rate from 15% to 35% and introduced new short term bonds, in a fresh bid to curb rising inflation. However, rates remain negative, relative to annual inflation of 785.55% in...
The COVID-19 pandemic will drive sub Saharan Africa into its first recession in 25 years, a World Bank paper says, but the region’s ‘copycat’ responses, which include lockdowns as well as some monetary and fiscal measures are...
Zimplats says its operations remain largely uninterrupted despite the COVID-19 enforced lockdowns in Zimbabwe and South Africa, where the company’s refiner, Impala, has issued a force majeure declaration. President Emmerson Mnangagwa ordered a 21-day...
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