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Business Reporter The Infrastructure Development Bank of Zimbabwe plans to carry out feasibility studies on various key infrastructure projects across the economy to enhance uptake by potential investors, IDBZ head of resource mobilisation Willing Zvirevo has said. Last year, the bank established a fund aimed at developing early preparation stages of infrastructure projects from concept to […]
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Tendai Mugabe in PRETORIA, South Africa Zimbabwe is now open for investment in all sectors and the new administration led by President Emmerson Mnangagwa is doing everything possible to create a conducive environment for investors by amending various pieces of legislation.
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Prosper Ndlovu Bulawayo Bureau MANUFACTURING companies are engaged in talks with their mining sector counterparts to facilitate strong business linkages aimed at increasing local procurement and trimming imports. Despite being one of the key economic drivers, the mining sector only procures 11 percent of its raw materials locally with 89 percent remainder being sourced externally.
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Lovemore Kadzura Rusape Correspondent Finance and Economic Development Minister Patrick Chinamasa has urged small to medium enterprises to operate within the confines of the law for them to get Government recognition and support.
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Tendai Mugabe Senior Reporter— PRESIDENT Emmerson Mnangagwa has condemned unjustified price hikes by some business dealers, saying such actions cannot be allowed to continue. Addressing delegates attending the 6th Buy Zimbabwe Annual Awards at a Harare hotel last night, President Mnangagwa said “no to such counter-economic practices”. He said business should complement
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Business Reporter The Zimbabwe Revenue Authority (Zimra) has surpassed its November 2017 revenue target by 30 percent to $352,24 million from $269,83 million driven by strong performance in collections from the Value Added Tax revenue head, data from the authority reveals.
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Rumbidzayi Zinyuke Manicaland Bureau Players in the timber industry have welcomed proposed interventions by Government to restore forestry resources through a reversal of haphazard resettlements in estates and conservancies.
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Livingstone Marufu Business Reporter GOVERNMENT is targeting 350 000 tonnes of wheat in the next three years to guarantee sufficient domestic wheat supplies and to reduce reliance on imports. Zimbabwe needs about 400 000 tonnes of wheat annually but produced only 65 000 tonnes last year.
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Business Reporter Government has rescinded an early decision allowing the Ministry of Agriculture and Rural Resettlement to collect rentals and land development levies from A1 and A2 farmers, giving the responsibility back to rural local authorities. This new policy directive will be operationalised beginning next year.
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Elita Chikwati Senior Agriculture Reporter Government has so far recovered $47,7 million from the loans it issued under the Command Agriculture Revolving Fund, which translates to 66 percent of its target of $72 million.
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Petros Kausiyo Deputy Sports Editor GOVERNMENT’S move to revive sport industry through fiscal support for infrastructure development has been hailed across the board with new Minister of Sport, Arts and Recreation, Kazembe Kazembe, confident that it will give his ministry the impetus they needed for implementation of their development policies.
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SINCE President Emmerson Mnangagwa announced his first Cabinet last week, talk in the media and the opposition has been about its alleged lack of technocrats and inclusivity. President Mnangagwa was accused of sticking to “deadwood’ from the Mugabe era, with suggestions that we should not expect any improvement in performance.
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Business Reporter Government has mobilised $266 million to fund the second phase of Command Agriculture, while 1,8 million villagers are expected to benefit from Presidential Input Support Scheme under a $153 million facility, Finance and Economic Development Minister Patrick Chinamasa has said.
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Business Reporter The mis-match between the supply and demand for foreign exchange, has led to the emergence of foreign exchange premiums in the market, Finance and Economic Development Minister Patrick Chinamasa has said. Presenting his 2018 National Budget, Minister Chinamasa said the continued financing of the country’s budget deficit with Treasury Bills is untenable.
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Africa Moyo Business Reporter STUNG by the unabated decline in the performance of State Enterprises and Parastatals (SEPs), Government has withdrawn wholesale support for the firms — 70 percent of which are technically insolvent owing to gross mismanagement — unless they provide bankable turnaround strategies.
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