HARARE, December 12 (The Source) – Zimbabwean banks are willing to accept government issued 99-year leases as collateral for loans to farmers, an official has said.
HARARE, December 7 (The Source) – Zimbabwe’s economy will grow by 3,7 percent this year, rising to 4,5 next year, finance minister Patrick Chinamasa said on Thursday as he presented the 2018 national budget with a $5,8 billion envelope.
HARARE, December 1 (The Source) – That President Emmerson Mnangagwa’s first Cabinet was going to have some cronyism was expected. Loyalty points were always going to be handed out to the military and to party allies.
By Karel Stander, JOHANNESBURG, October 16 (The Source) – Zimbabwe is an expensive tourist destination if one measures the value of the Rand (or Pula) against the Dollar and consider the most expensive border fees in the region. The average South African middle class tourist,… Read More
HARARE, October 4 (The Source) – Reserve Bank of Zimbabwe (RBZ) governor John Mangudya on Wednesday told a meeting of business leaders that the country was generating sufficient foreign currency but was suffering from lack of confidence in the financial system. Mangudya said Zimbabwe… Read More
HARARE, October 2 (The Source) – Zimbabwe has suspended import duty on fertilized poultry eggs for a six month period in a bid to revive poultry production following successive outbreaks of Avian Influenza in the country Zimbabwe was hit by two outbreaks of the highly… Read More
VICTORIA FALLS, September 28 (The Source) – Reserve Bank of Zimbabwe deputy governor Kupukile Mlambo has proposed that the country introduces more bond coins than notes into the local market to curb high circulation of bond notes in the informal market. Unlike the bond notes,… Read More
HARARE, September 20 (The Source) – Zimbabwe is in talks with South Africa to put in place a framework which will allow its citizens working in the neighbouring country to repatriate their pensions upon their return home, an official has said. It is estimated… Read More
HARARE, September 15 (The Source) – South Africa’s Impala Platinum (Implats) says it will consider shutting down its Mimosa mine near Zvishavane if government goes ahead with plans to impose a 15 percent levy on raw platinum exports, which it says will make the mine… Read More
HARARE, September 13 (The Source) – Zimbabwe’s National Biotechnology Authority (NBA) on Wednesday opened the country’s first laboratory to test imports for Genetically Modified Organisms (GMOs). The southern African nation has maintained a ban on GMOs citing health concerns. Officially opening the laboratory, Higher and… Read More
HARARE, September 13 (The Source) – The Environmental Management Agency (EMA) says it has so far confiscated 58,5 million products made of Expanded Polystyrene Foam (EPS),commonly known as kaylite, worth an estimated $2,8 million, as it moves to implement a government directive banning the product.… Read More
HARARE, August 29 (The Source) – Zimbabwe’s tax agency says it is lobbying for new legislation which will see tax evaders being handed stiffer penalties, as the country which solely relies on tax to fund its operations tries to shore up revenue collections. Zimbabwe Revenue… Read More
By Plaxedes Sibanda, HARARE, July 31 (The Source) – Zimbabwe’s energy regulator will go ahead with plans to introduce mandatory fuel marking which it says will curb rampant fuel smuggling which is prejudicing the country of an estimated $1 billion annually in unpaid taxes. The… Read More
By Kuda Chideme, Plaxedes Sibanda and Simbarashe Zishiri, HARARE, July 20 (The Source) – Zimbabwe overspent by $549 million to support recovery of the country’s agriculture sector in 2016 to help the country recover from its worst drought in three decades, Finance Minister Patrick Chinamasa… Read More
By Dambisa Moyo, NEW YORK – According to an unpublished “kitchen table survey,” conducted before last November’s presidential election in the United States, approximately 95% of the predominantly Hispanic members of one of America’s largest domestic unions preferred the Democratic candidate Hillary Clinton to her… Read More