Investors scramble for horticulture exports

Livingstone Marufu Business Reporter some foreign firms are scrambling to invest in the country’s horticultural sector following improvement of the investment climate over the past few months. This comes at a time when the Government is moving towards horticulture exports resuscitation in various European markets. The new administration has wowed …

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Tax amnesty 2018 in respect of motor vehicles

In an effort to encourage our valued clients to regularise their tax obligations, the Government has, through the Finance Act No. 1 of 2018 published on 15 March 2018, made provisions for granting of a tax amnesty to persons on application. Persons include companies, corporate or unincorporated body of persons …

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Number of rejected tobacco bales falls

Harare. – As the tobacco selling season progresses, the number of bales being rejected for different reasons continues to  decline compared to the same period last year, the industry regulator  has said. Main reasons for tobacco being rejected at the point of sale include  bales being overweight, underweight, bad handling …

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Zinara up to date with DBSA payment

Hebert Zharare The Zimbabwe National Road Administration (Zinara) has repaid half of the $206 million loan from the Development Bank of Southern Africa (DBSA), secured to finance the rehabilitation of the 860 km Plumtree – Harare – Mutare Highway. This comes as the Private Public Partnership (PPP) between Zinara and …

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Women’s bank opens

Ruth Butaumocho Business Reporter The much awaited women’s bank opened its doors to the public on Tuesday, bringing to an end an anxious hiatus among prospective customers who had been waiting for the financial institution to start operating. The opening of the Zimbabwe Women Microfinance Bank further consolidates Government’s commitment …

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Ghana industries oppose Africa FTA

The Association of Ghana Industries (AGI) says the ratification of the African Continental Free Trade Agreement (AfCFTA) by Ghana will expose the country to a flood of foreign goods from African countries. It, therefore, questioned why Parliament was swift to approve the agreement which could dwindle revenues from import duties, …

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Govt programme major boost for Harare roads

The Emergency Road Rehabilitation Programme (ERRP) is a Government of Zimbabwe programme that was initiated in order to rehabilitate the country’s road network that had been extensively damaged during the 2016 /2017 rainy season. It is the new political dispensation’s thrust for Zimbabwe to have a well-developed, trafficable and safe …

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Govt launches motor industry policy

Africa Moyo Business Reporter Government has launched the Zimbabwe Motor Industry Development Policy (ZMIDP) that is expected to see the sector ramping up capacity from the current levels of under 10 percent to full capacity by 2030. The ZMIDP is scheduled to run from this year to 2030, with a …

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UK-based entrepreneur links small-scale farmers with foreign investors

A UNITED Kingdom-based Zimbabwean entrepreneur has launched an agricultural investment platform which will connect small-scale and communal farmers with local and foreigners seeking to invest in agriculture. BY BUSINESS REPORTER The platform, www.Farmvest.biz, is the brainchild of Michael Matope. Matope said Farmvest.biz realised that the demand for agriculture and agricultural …

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Storm at Telecel over ownership

A STORM has rocked Telecel Zimbabwe over its ownership structure, as two directors James Makamba and Gerald Mlotshwa, are both claiming chairmanship of the country’s third largest telecoms group. BY BUSINESS REPORTER Makamba, through Empowerment Corporation (EC), a 40% shareholder in Telecel, has held the chairmanship since inception in 1998, …

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