Zimra surpasses H1 target

Africa Moyo Business Reporter THE Zimbabwe Revenue Authority (Zimra) performed beyond expectations in the first half of 2018 after gross collections hit $2,41 billion against the budgeted $2,10 billion, driven by excise duty, net value added tax on local sales and individuals. This means the tax collector surpassed the set …

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IDBZ offers infrastructure value chain loans

Martin Kadzere Business Reporter THE Infrastructure Development Bank of Zimbabwe has come up with a loan facility specifically targeting players in infrastructure value chain, a senior official said. Known as the Infrastructure Value Chain Financing, the facility is meant to promote infrastructure development by enhancing the capacity of key players …

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Zimra speaks on board fees

Africa Moyo Business Reporter THE 9 percent jump in fees and allowances for Zimbabwe Revenue Authority board members for the year to December 31 last year, has been attributed to the high number of meetings held to tackle pressing issues raised in the forensic audit. The forensic audit report unearthed …

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Long live Comesa and AU — Ngwenya

Prosper Ndlovu in Lusaka, Zambia ZIMBABWEAN technocrat Mr Sindiso Ngwenya, yesterday delivered a passionate parting address here before the 20th Comesa Heads of States and Government Summit, as he bade farewell to an organisation he served from inception, for the past 34 years. For the last 10 years he has …

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Govt targets repair of bridges

The new political dispensation has prioritised the maintenance and rehabilitation of bridges throughout the country. For the period January to May 2018, Government has consistently disbursed funds to the four Road Authorities; the District Development Fund (DDF), Department of Roads, Urban Councils and Rural District Councils, for the maintenance and …

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EcoSure Moovah comes to town

BH24 Reporter Telecoms giant Econet has launched an innovative short-term motor vehicle insurance service, EcoSure Moovah. The service will offer vehicle insurance cover, ZINARA and ZBC licence discs — as well as free delivery of insurance cover notes and licence discs to the customers’ premises at no extra cost — …

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NBCZ challenges private sector

The private sector in Zimbabwe has to seize the opportunities so presented by Government in order to exploit opportunities both in investment and in trade, the National Business Council of Zimbabwe has said. The indigenous empowerment lobby group, which focuses on wealth creation from the bottom of the pyramid, says …

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Entrecon: Young people open for business

Features Writers President Mnangagwa’s mantra that Zimbabwe is open for business and his rallying cry that the country must pursue more economics than politics has found yet more fertile ground. Early this year, a group of young entrepreneurs decided to take up the word and sought to broaden the participation …

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BSE-listing to boost Seed Co’s expansion drive

Business Reporter The proposed partial unbundling of Seed Co Limited and the subsequent separate listing of its regional operations on the Botswana Stock Exchange (BSE), will allow the company to pursue its regional expansion projects as it will be backed by the availability of solid hard currency funding. According to …

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Students to participate in CFA competition

Business Reporter The Investments Professionals Association of Zimbabwe (IPAZ) will host the CFA Institute Research Challenge in Zimbabwe. IPAZ, a representative of Chartered Financial Analyst (CFA) Institute — the global association of investment professionals made up of portfolio managers, investment advisors, educators and other financial professionals — will hold the …

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