ED tightens noose on cash barons
CASH barons who have been accused of fuelling parallel market currency rates and a raft of other economic ills will now face up to two years in prison if they… Read more »
Category: Zimbabwe
2 cents tax paying dividends: ED
The 2 cents intermediary money transfer tax recently introduced by Government is helping the country to significantly narrow its budget deficit, President Mnangagwa has said. Responding to questions from delegates… Read more »
Govt targets unremitted tax
Government will employ aggressive measures to collect unremitted tax revenue amounting to $3,3 billion, including interest, to clear Treasury’s $2,3 billion overdraft position with the Reserve Bank of Zimbabwe (RBZ),… Read more »
ED meets UK investors. . .Zimbabwe starts utilising $250m line of credit from British company
Zimbabwe will with effect from today start drawing down on a $250 million line of credit facility from a United Kingdom-based firm, Gemcorp Capital, an international independent investment fund management… Read more »
Government drops duty on sanitary pads
GOVERNMENT has removed duty on sanitary pads, a move likely to be welcomed by women as the price of basic toiletries is now beyond the reach of many. Gender activists… Read more »
ED seals four agreements on Guinea visit
ZIMBABWE and Guinea Conakry on Tuesday signed four agreements covering the establishment of a Joint Commission, reciprocal exemption of visas to holders of diplomatic and service passports, agreement on cooperation… Read more »
Zimbabwe looks beyond aid…Borrowing not sustainable, says Prof Ncube
THE Minister of Finance and Economic Development, Professor Mthuli Ncube, has said domestic resource mobilisation (DRM) must be the “lifeblood” of development as Zimbabwe looks beyond reliance on borrowing and… Read more »
$333 million from India. . .Hwange, Bulawayo Power Stations set for upgrades
India has extended a $333 million line of credit to Zimbabwe for the upgrade of Hwange Thermal Power Station and rehabilitation of Bulawayo Thermal Power Plant. Of this, $310 million… Read more »
Zim’s changing economic landscape
Special counsellor to the Centre for Financial Stability in New York and Professor of Applied Economics and co-director of the Institute for Applied Economics, Global Health, and the Study of… Read more »
Zim’s ease of doing business ranking improves
Zimbabwe has improved its global ease of doing business ranking to 155 up from a ranking of 159 for the comparative prior year, the latest World Bank Doing Business 2019… Read more »