EXPORTING companies say the five-percentage point increase in foreign currency surrender threshold to 30 percent by the government last month has put a heavy discount on operations and they want it reduced to improve competitiveness. The new measures dictate that exporting companies will now retain 70 percent of their foreign currency proceeds with the remainder…
ZIMBABWE is set to host the AfCFTA Association of Commodity Exchanges (A-ACX) Annual Conference in Victoria Falls on March 26-27. The Zimbabwe Mercantile Exchange (ZMX) -the country’ sole commodity exchange- said Agriculture minister Anxious Masuka will headline the conference as guest of honour. Running under the theme “Scaling Intra-African Trade: Leveraging Commodity Exchanges for Economic…
THE People’s Own Savings Bank (POSB) has entered into an agreement with the government to sell tractors procured from Belarus to local farmers on behalf of the State. The tractors, sourced through the ministry of Agriculture, are meant to enhance farm mechanisation and productivity in the country. In a statement, POSB chief executive Garainashe Changunda…
AUTHORITIES should bring forward their plans to de-dollarise and have the ZiG as the country’s sole currency, as this will ensure the long term stability of the economy. So says veteran economist and former member of the Reserve Bank of Zimbabwe’s (RBZ) monetary policy committee, Eddie Cross, who also reiterates that the government must take…
THE Medicines Control Authority of Zimbabwe (Mcaz) and the police’s CID Drugs and Narcotics Department last week raided local herbal clinics operating in Harare’s central business district and selling unregistered herbal products. This comes as several popular socialites have been promoting these products on social media platforms, claiming they treat illnesses such as infertility and…
Stella MadzivanyikaStaff Writer THE government aims to surpass last year’s yields for winter crops following the good rains received this year. In 2024, 119 954 hectares of wheat produced 562 591 metric tonnes, 6 697 hectares of barley produced 36 120 metric tonnes, and 8 657 hectares of potatoes produced 233 739 metric tonnes. According…
THE government has granted the Zimbabwe Mobile Sanitation Association (ZMSA) the right to provide public mobile toilets nationwide to prevent outbreaks of communicable diseases. This development supports the government’s efforts to combat cholera by setting up mobile toilets at bus terminals and other crowded areas. In a letter dated February 19 2025 addressed to the…
BULAWAYO councillors have expressed concern over the high number of incomplete key projects, resulting in the city lagging behind in development. This concern comes after the Bulawayo City Council (BCC) recently announced that local projects are only 50 percent complete and are expected to be finished this year, with some projects extending into 2026. According…
ORGANISERS of the Zimbabwe International Trade Fair (ZITF) have announced that this year’s expo is generating interest from both local and international exhibitors, with 24 foreign investors confirming attendance. Speaking at a media briefing on Thursday, ZITF board chairperson Busisa Moyo stated that the space uptake by exhibitors was notable. “As preparations for the international…
Brandon Josphat CHIEF WRITER WITH the country reeling from rising armed robberies, police officers are now undergoing even more intensive training to deal with the scourge and other violent crimes. Speaking to the Daily News — the country’s most influential newspaper — national police spokesperson, Paul Nyathi, said yesterday this was being done as law…
