Zimbabwe expects one of its biggest harvests in a long time this year, thanks to good rains, improved preparation and an emerging crop of young farmers.  The government expects as much as 2,8 million...
Afdis, Zimbabwe’s biggest maker and distributor of spirits, wines and ciders, says sales volumes grew 39% in the six months to December, and the company sees further growth on anticipated better harvests. The company...
Zimbabwe has agreed to refinance its US$1,4 billion debt with the Afreximbank, which will see the pan-African lender raising funds to give the country some breathing space on repayments, newZWire has learnt. The deal,...
Formal diaspora remittances amounted to a record US$1 billion in 2020, up 58% from the previous year, central bank data showed on Thursday, partly reflecting how COVID-19 lockdowns limited informal money transfer channels. Remittances...
The Zimbabwe Banks and Allied Workers Union (Zibawu), the sole union for the financial services sector, says it has rejected a wage increase of about 350% tabled by employers during ongoing negotiations. According to...
Zimbabwe’s fuel import bill fell by more than 50% in 2020, from US$1.2 billion the previous year. Figures recently released by the Zimbabwe National Statistics Agency (ZImstat), capturing data up to November, show that fuel imports amounted...
Tanganda has installed a 1.8MW solar plant at one of its tea estates and plans to complete two more solar farms at two other estates by year end, as part of the Meikles group’s plan to expand its agriculture...
The tax-heavy 2021 budget may be bad news for many, but not for construction firms. Construction companies had a good comeback in the third quarter after a tough year. Over recent weeks, construction firm Masimba, building materials supplier Turnall, brick maker...
A big part of Finance Minister Mthuli Ncube's 2021 budget is a range of new tax measures to fund his ambitious ZWL$421.6 billion budget. Treasury plans tough tax measures to squeeze more dollars from the economy. The highlight of this...
Finance Minister Mthuli Ncube announced a ZWL$421.6 billion national budget for 2021 on Thursday. Here are the highlights: The economy is expected to grow by 7.4% after a 4.1% contraction in 2020 Year-on-year inflation forecast to close 2021 at...
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