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Zim targets $200m in flower exports

Business Reporter Zimbabwe is looking forward to develop about 1 000 hectares of cut flower plantations – mostly roses – in the next five years as it seeks to boost foreign currency inflows. In 2002, Zimbabwe exported cut flowers worth $60 million, according to ZimTrade, making it the second largest …

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Govt changes textile industry employment terms

Africa Moyo Business Reporte Government has come up with a raft of changes to the terms of employment for workers in the textile industry, with the order to stop allocating night shifts to women being the major highlight. Further, Government says employees in the textile manufacturing sector must be paid all …

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‘Kwese Iflix now largest TV platform in Zim’

Business Reporter Econet Wireless Zimbabwe’s Kwese Iflix now ranks as one of the country’s largest television platform with more than 1,2 million active account holders. The figures were revealed by Econet Wireless Zimbabwe CEO Douglas Mboweni yesterday as he launched a new promotion aimed at pushing for even more customers. …

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Zim inflation rises to 4,29 percent

Tawanda Musarurwa Senior Business Reporter Zimbabwe’s annual inflation rate rose 1,38 percent to 4,29 percent in July, latest figures from the Zimbabwe National Statistics Agency (ZImStats) show. This was a significant upturn from the June 2018 figure of 2,91 percent. On a monthly basis, the inflation rose 1,03 percentage points …

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January Disease resurfaces

Blessings Chidakwa Own Correspondent Theileriosis, a cattle disease also known as January Disease, has resurfaced in some parts of Mashonaland West province, killing hundreds of beasts. The disease outbreak has left many farmers in a panic mode with some selling their beasts for as little as $70 each. The deadly …

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Agreement Water: All you need to know

A water abstraction agreement is a contract that any person, entity or organisation who needs a reservation for their use of raw water from Zinwa managed or State dams enters into with Zinwa for the provision of his or her water requirements. Water abstraction agreements allow Zinwa to effectively plan …

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Zimra supporting voluntary tax compliance

The Zimbabwe Revenue Authority was established in terms of the Revenue Authority Act [23.11]. In carrying out its mandate Zimra provides a number of support programs to assist taxpayers comply with tax laws. Taxpayers can take advantage of these programs to maintain a clean bill of health. Taxpayer Education On …

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AfDB to avail $1,50bn towards agriculture

Shamiso Dzingire Bulawayo Bureau The Africa Development Bank (AfDB) says it will avail over $1,5 billion annually over the next 10 years to support young agriculture entrepreneurs across the continent. In a statement released to commemorate International Youth Day on Sunday, AfDB said the financial support was part of efforts …

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Mat North should brace for development: Sansole

Leonard Ncube Bulawayo Bureau BUSINESSES in Matabeleland North should brace for a new economic order for development in the province. This was said by Hwange Show Society chairperson Mr Herbert Sansole following a successful Hwange Agricultural Show that ended on Saturday. A record 50-plus exhibitors including big organisations and small …

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Gold volumes up

First Turkish President Recep Tayyip Erdogan argued citizens should buy gold, then he says sell. Add dramatic swings in the lira, and the country’s traders are now enthusiastically doing both. Gold futures volumes have surged on the Borsa Istanbul as the volatile currency attracts speculation and after the lira’s plunge …

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