Business

New tobacco varieties doing well

KUTSAGA Tobacco Research Board says its recently introduced four “climate-smart” tobacco crop varieties, which are under testing in the southern parts of the country, are reported to be “doing very well” despite the low rains forecast this season due to the El Nino-induced drought. This comes as some tobacco farmers say they have lost part…

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‘America thinks Zimbabwe can be big’

IN A surprising view from Washington, it has emerged that the United States of America sees Zimbabwe as being of strategic importance and having the potential to become the growth hub for Southern Africa. This view is captured in a recent opinion piece that was co-authored by former US ambassador to Zimbabwe, Charles Ray —…

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‘We are near to chaos of 2008’… Cross warns as local use of US$ rises

By Ketty Nyoni THE growing local use of the much-coveted US dollar is a major factor behind the multi-faceted economic challenges facing the country, prominent economist Eddie Cross says. Speaking last night on independent national television station 3Ktv’s widely-followed news and current affairs programme, Vantage, Cross also warned that if nothing was done by authorities…

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Zimbabwe goes 45 minutes with no electricity

ZIMBABWE was yesterday morning hit by a country-wide power blackout after Zesa’s Insukamini sub-station in Bulawayo tripped, forcing the power utility firm to switch off the nation to avoid damage to the country’s electricity network. Both Zesa and government officials confirmed the development and said work was underway to ensure that electricity is fully restored….

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Meat prices up as VAT takes effect

MEAT prices have skyrocketed in most butcheries in Harare and other cities as retailers start implementing the 15 percent value added tax (VAT) introduced by the government effective January 1. This comes as the minister of Finance, Mthuli Ncube, and Zimbabwe Revenue Authority (Zimra) have introduced new measures to protect value chain integrity and transparency…

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Government hits US$11m passport jackpot

THE government has raked in more than US$11 million from electronic passport applications which were processed last December as applicants sought to beat the January 1 2024 deadline when authorities increased the application fees. On January 1, the government gazetted new e-passport fees for ordinary travel documents from US$120 to US$150, while for emergencies documents…

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'Time for Zimbabwe to join hands'… Zanu PF says this will move country forward

ZANU PF says it is open to engaging with its opposition rivals and other key stakeholders about a common way forward for the country. Speaking to the Daily News yesterday, Zanu PF information director, Farai Marapira, said the ruling party did not believe in toxic and confrontational politics. In that regard, he added, the party…

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Government pushes for improved Bulawayo water situation

THE government says it is committed to ensure that water challenges in Bulawayo are eased through working with the Bulawayo City Council (BCC) in guiding the water technical committee in rehabilitating the city’s dams and improving the water situation. This comes after Water minister Anxious Masuka appointed a technical committee to oversee the water and…

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