'ZIDA Bill to improve ease of doing business'

THE Zimbabwe Investment and Development Agency (ZIDA) Bill gazetted early this month will among other things, seek to curb environmental degradation by big investment projects.The Bill is aimed at imp...

By Staff reporter | Published: 4 hours ago


Mnangagwa pens $5 billion mining deal

PRESIDENT Emmerson Mnangagwa's government has inked what it has termed a major mining investment deal with Chinese company, Tsingshan Holdings.The deal, signed by Mines minister Winston Chitando and T...

By Staff reporter | Published: 4 hours ago


Zimbabwe seals $5 billion deal for new steel plant

GOVERNMENT yesterday signed an investment deal worth more than $5 billion with a Chinese steel manufacturing giant, Tsingshan, for the setting up of a new steel plant in Mvuma and to bankroll a number...

By Staff reporter | Published: 4 hours ago


Investment bill to be gazetted in 2-3 weeks

THE Zimbabwe Investment Development Authority Bill (Zida) is set to be gazetted within the next few weeks. The merging of the country's investment entities mooted in May 2018 is inspired by the Rwanda...

By Staff reporter | Published: 04 February 2019


South African firm injects R55 billion into Lupane gas

A SOUTH African mining firm Tumagole Consortium says it is committed to investing R55 billion into the Coal-Bed Methane mining project in Lupane. Tumagole Consortium officials, who were led by South A...

By Staff reporter | Published: 31 January 2019


Companies Bill presented

JUSTICE minister Ziyambi Ziyambi yesterday presented the second reading of the Companies and Other Business Entities Bill which, among other provisions, facilitates the electronic registration of busi...

By Staff reporter | Published: 31 January 2019


Zimbabwe commercial bank deposits surge 25% to $8 billion

Commercial banks deposits rose by 25% to $8 billion in the first 10 months of last year, data from the central bank has shown.According to the Reserve Bank of Zimbabwe (RBZ)'s monthly review of Octobe...

By Staff reporter | Published: 30 January 2019


Mnangagwa's cabinet approves new cyber bill

With Zimbabwe's Internet shutdown still partly in place, the Information minister says that the government has crafted a new law to curb abuse of the Internet .Zimbabweans were left without Internet&n...

By Staff reporter | Published: 19 January 2019


Mugabe wheelchair-hound, taxpayers to foot $4m bill

THE taxpayer continues to foot former president Robert Mugabe's medical bills, as it emerged President Emmerson Mnangagwa's government gave the deposed strongman US$4 million to cover his hospital exp...

By Staff reporter | Published: 19 January 2019


Consumer Protection Bill gazetted

Government has gazetted the Consumer Protection Bill which seeks to protect consumers of goods and services against unnecessary price increases by businesses.The Bill, now cited as the Zimbabwe Consum...

By Staff reporter | Published: 02 January 2019


Revenue collections surpass $5 billion

ZIMBABWE'S revenue collections surpassed $5 billion after a tax increase on electronic transfers buoyed December collections to peak at $572,4 million, official data has shown.In a bid to shore up dep...

By Staff reporter | Published: 31 December 2018


Zimbabwe tourism sector grosses $1 billion

Considerable dividends have begun to accrue to Zimbabwe as Government and the private sector continue to ratchet up efforts to promote Zimbabwe as a safe destination. The tourism sector has since gros...

By Staff reporter | Published: 30 December 2018


Forex inflows hit $6 billion

Zimbabwe's foreign currency earnings for the year to date have hit the US$6 billion mark, from US$4,6 billion realised in the whole of last year as the country's exports and Diaspora remittances conti...

By Staff reporter | Published: 21 December 2018


Zimra's US$7 billion forecast

The Zimbabwe Revenue Authority (ZIMRA) is projecting strong growth in revenue collection to at least US$7 billion within the next five years supported through their five year strategic plan  that...

By Staff reporter | Published: 20 December 2018


Cassava enters the Zimbabwe market at $3.8 billion

Cassava SmarTech Zimbabwe made history on 18 December 2018 when it debuted in the market at a price of $1,50 per share, valuing the company at $3,8bn. It immediately became Zimbabwe's third most valua...

By Staff reporter | Published: 19 December 2018


South African billionaire defends white wealth

Johann Rupert, South Africa's second-richest man with a $6.3 billion fortune, spoke out to defend the stranglehold white people still have over the economy more than two decades after the end of apart...

By Bloomberg | Published: 06 December 2018


Zimbabwe has billions it is not exploiting, says China

China says Zimbabwe is not adequately exploiting opportunities it is presenting because officials in Harare are not adequately familiarising themselves with Beijing's development documents.China's ac...

By Staff reporter | Published: 04 December 2018


Zimbabwe telecoms sector on growth path, revenues exceed $1billion

Zimbabwe's telecoms sector generated revenue in excess of $1 billion and contributed 7,2 % to the country's gross domestic product (GDP) in 2017, the industry regulator has said.Postal and Telecommuni...

By Staff reporter | Published: 03 December 2018


Zimra targets $4,3 billion revenue

THE Zimbabwe Revenue Authority (Zimra) is targeting to collect $4,3 billion in gross revenue by year-end, up 8% compared to what was achieved in 2017, an official has said.Last year, the actual gross ...

By Staff reporter | Published: 02 December 2018


Zimbabwe Treasury Bills rollover triggers market panic

FINANCE minister Mthuli Ncube's engagement with market players to explore options for restructuring the Treasury Bills (TBs) to longer tenure - effectively rollovers of maturities - and surging inflat...

By Staff reporter | Published: 30 November 2018


Zamco absorbs $1billion bad debts, disbanded

GOVERNMENT will stop further acquisitions on non-performing loans through its special purpose vehicle - the Zimbabwe Asset Management Company (ZAMCO). The entity, which was established in 2015 with a ...

By Staff reporter | Published: 26 November 2018


New Zimbabwe Bill to guarantee investments safety

THE Property Rights Bill is being finalised and would be tabled in Parliament before the end of the year as Government moves to guarantee safety of all investments in the country, Industry and Commerc...

By Staff reporter | Published: 21 November 2018


Chamisa hit with Zanu-PF's $3,2m court bill

MDC-Alliance president Mr Nelson Chamisa's stunt to challenge President Emmerson Mnangagwa's victory in the July 30 polls, even against the advise from some sections in the opposition party's grouping...

By Staff reporter | Published: 30 September 2018


Buy products and pay your Zimbabwe bills from SA with new app

Zimbabweans living and working in South Africa have received a shot in the arm with the launch of free mobile transacting and basic insurance services, AMA.ZING Diaspora. The mobile solution developed...

By Staff reporter | Published: 12 September 2018


Chamisa's hefty legal bill

Zimbabwe's opposition MDC Alliance leader Nelson Chamisa may have to fork out more than R42 million to meet the costs of his election outcome challenge he launched and lost at the country's Constituti...

By Staff eporter | Published: 06 September 2018

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