News about Zimbabwe that you can use
Zimbabwe’s banks have agreed to lower their interest rates, which currently go as high as 30 percent, with effect from October 1 in terms of guidelines agreed with the central bank, Bank chief John Mangudya announced today.
(1025 VIEWS)
Zimbabwe’s cooking oil producers will be able to meet the country’s demand for edible oils by September as capacity utilization in the sector is improving after government imposed punitive levies on imports, but an official said the protectionist measures should be temporary.
(861 VIEWS)
Parliament’s Portfolio Committee on Finance and Economic Development, which reviewed Finance Minister Patrick Chinamasa’s mid-term fiscal policy review announced last week, says the government should seriously consider how to unlock value of the country’s natural resources to finance development programmes.
(932 VIEWS)
A team of Chinese experts from the State planning body, the National Development and Reform Commission, is in Zimbabwe to evaluate the mega deals signed by President Robert Mugabe and the Chinese President Xi Jinping last year.
(1088 VIEWS)
Tourism and Hospitality Industry Minister Walter Mzembi says the government must reduce the 15 percent Value Added Tax (VAT) on foreign accommodation to five percent to grow the sector and boost state revenue.
(662 VIEWS)
The Speaker of Parliament Jacob Mudenda last week issued an order to legislators not to interrupt the flow of debate through unnecessary point-of-orders.
(649 VIEWS)
Trade between Zimbabwe and Mozambique grew 64 percent to $725 million in two years to 2014, attributed to an operational bilateral trade agreement which gives two countries duty concessions to qualifying products.
(655 VIEWS)
The government’s revised economic growth of 1.5 percent for the year is too ambitious and shows that the economy has stalled, with no immediate prospects for recovery, a local investment advisory firm has said.
(522 VIEWS)
Zimbabwe is looking to adopt electronic tolling technology similar to that used in neighbouring South Africa as the cash strapped government plans to put up an additional 30 toll gates on its highways and in urban areas to shore up revenue streams, an official has said.
(538 VIEWS)
World Bank senior country economist Johannes Herderschee says protectionist measures introduced by finance minister, Patrick Chinamasa last week would not help local industry, which he said had no capacity to meet demand and needed more support for retooling and recapitalising.
(578 VIEWS)
