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...
The country’s biggest supermarket chain says most of its sales are still in local currency, months after the government allowed Zimbabweans to buy and sell using foreign currency. Sales volumes in the first six months of the year were down,...
Mineral exports grew 14% in the first nine months of the year and are the biggest source of funding for the foreign currency auction, central bank governor John Mangudya says. In the first nine months of the year, mining exports...
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,”...
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