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...
Zimbabwe’s Agriculture Marketing Authority (AMA) has issued $75 million in grain bills to purchase maize from farmers, the authority’s financial advisor CBZ Bank said on Monday. AMA, a government agency tasked with marketing agricultural produce, will raise the money to...
EACH time Tendai Biti gets up to address an MDC Alliance rally, he is greeted with ‘USA! USA!’ chants. This adulation is not for America, but its coveted currency. Biti, Zimbabwe’s finance minister between February 2009 and June 2013,...
It's a paradox that reflects how complex Zimbabwe's problems are; the country is desperate for foreign currency, but it cannot access the foreign currency that it needs, because it has no foreign currency.
SUGAR exports from Zimbabwe to the United States and regional markets declined 62 percent in the year ended March 2018, due to decreased production and increased local demand, industry giant Tongaat Hulett has reported. South Africa’s Tongaat Hulett dominates Zimbabwe’s...
Ahead of Finance Minister Mthuli Ncube’s 2019 national budget presentation on November 22, the country’s largest business groups have handed him proposals that would have a far reaching impact on the economy. The Confederation of Zimbabwe Industries (CZI) wants an...
Total payments in the economy declined 10% in November 2018, as the effects of an electronic payment tax introduced the previous month started to hit spending, central bank data has shown. Government raised $170...
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...
An IMF team is in Zimbabwe to begin the first review of the Staff Monitored Programme (SMP), as the Fund presses for quicker progress on market reforms.  Gene Leon, Division Chief of the IMF...
The Zimbabwe Investment Development Agency (ZIDA) signed a partnership agreement with Singapore’s development cooperation agency on Wednesday, announcing the planned construction of a 200MW solar project as an example of benefits expected to flow from economic ties...
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