HARARE – Finance minister Tendai Biti has projected to net over $3,8 billion in tax revenue next year to bolster the 2013 National Budget on the back of full fiscalisation achievement as well as promulgation of the new Income Tax Act. Market watchers however, feel the forecast is ambitious considering that in July, Biti trimmed…
HARARE – Financial institutions have been challenged to come up with innovative solutions to avail support to tourism infrastructure and development, says Deputy Prime Minister Arthur Mutambara. “We are going to take tourism as one of our key drivers of the economy. So to the bankers who are in the house, I heard you told…
HARARE – South Africa and Zimbabwe have agreed to boost development of small enterprises and co-operatives in both countries, the trade and industry department said on Wednesday. A team responsible for co-operative development in South Africa will visit Zimbabwe by February 2013, according to an agreement signed between the two countries in Harare on Tuesday….
HARARE – Global brewer, SABMiller says Delta Corporation lager volumes increased by nine percent in the six months ended September 30, 2012. “A focus on premiumisation and pack innovation coupled with improved availability helped increase volumes in our associate in Zimbabwe by nine percent on an organic basis,” the company said. The growth in the…
HARARE – Pan-African bank, BancABC has opened another retail branch in Botswana as the group seeks to strengthen its position in the southern African region. The new branch is the second to be opened in Francistown as the bank expands its footprint across Botswana where it already has five other branches. BancABC commenced retail banking…
BEITBRIDGE – Beitbridge town has been selected as an economic zone, in a move likely to boost exports and stimulate production, deputy minister of Investment and Economic Planning Samuel Undenge says. Undenge told the visiting South African trade delegation at the fourth Investment and Trade Initiative in Bulawayo that the decision will shift focus from…
HARARE – Zimbabwe is set to host the fourth ApiAfrica Expo in 2014, with 50 000 local honey farmers expected to reap huge rewards. The country won the bid to host the prestigious event in Ethiopia last month, shrugging off stiff competition from five other African countries. Mutandwa Chaipa, Beekeepers Association of Zimbabwe (Bkaz) national…
BULWAYO – As the sun sets on Filabusi, Jabulani Moyo, 47, sits outside his mud hut, lets out a plume of smoke from a cigarette crudely fashioned out of an old newspaper and laments how little or no smoke can be seen above Bulawayo’s skyline, a sign of how the country’s industrial hub has declined….
HARARE – Diamond production at Murowa Mine soared 28 percent to 92 000 carats in the third quarter ended September, a recent third-quarter 2012 operations review from parent Rio Tinto International has shown. The increase in production at Murowa comes in the wake of falling international diamond prices, which have witnessed most diamond companies cutting…
HARARE – Livestock farmers in Matabeleland have called for more government funding towards cattle production and restocking in its 2013 budget allocation. Matabeleland Livestock Initiative representative, Sifiso Sibanda told a Parliamentary budget consultative meeting in Bulawayo, that government was not giving priority to livestock farming in province despite it being the backbone of the region’s…
