BUSINESS NEWS

Staff Reporter

Cabinet yesterday approved the Tobacco Value Chain Transformation Plan as presented by the Minister of Lands, Agriculture, Fisheries, Water and Rural Resettlement, Honourable Anxious Masuka.

Staff Writer

Zimbabwe is set to unlock a maximum insurance cover of US$20 million from the Africa Risk Capacity (ARC) under the AU and financed by African development Bank (AfDB), this year.

Staff Writer

CBZ Holdings has set its eyes on upgrading at least 22 toll gates across the country in an effort to decongest the country’s major routes and improve revenue collection through e-tolling.

Staff Reporter

Wheat farmers have pleaded with the Government to review wheat producer price from ZW$52 534, 61 to ZW$66 000 per Metric Tonne (MT) for premium wheat and from ZW$43 778, 84 to ZW$55 000 per MT for standard wheat.

Staff Writer

The Zimbabwe Revenue Authority (ZIMRA), collected an annual net revenue of ZW$181.96 billion against a target of ZW$171.9 billion to achieve a 5.85 percent surplus for the full year ended December 2020.

Staff Reporter

Lands, Agriculture, Fisheries, Water and Rural Resettlement, Deputy Minister, Honourable Douglas Karoro yesterday launched  a herbal tea factory in Penhalonga,  Manicaland Province, as President Emmerson Mnangagwa’s “Zimbabwe is open for business mantra” continues to bear fruits.

Staff Reporter

The Reserve Bank of Zimbabwe (RBZ) has made life easy for individuals by liberalising the purchase of small value forex amounts of up to US$50 per person per week from bureaux de change at the auction rate, RBZ governor, Dr John Mangudya has said.

Staff Reporter

The Zimbabwe Agricultural Society (ZAS) has slated the 111^th edition of the Zimbabwe Agricultural Show from September 27 to October 1 2021 in order to allow companies to showcase their innovations despite challenges brought about by Covid-19.

Staff Reporter

President Emmerson Mnangagwa yesterday launched a multi-million dollar hybrid cattle ranching joint venture project being implemented by mining company Zimplats, a subsidiary of Australian listed Implats and Palmine Holdings.

Staff Reporter

Cabinet has resolved to descend heavily on all companies importing fuel using foreign currency obtained from the government’s auction system and then refuse to trade in local currency.

Staff Reporter

Despite MDC-Alliance vice president Tendai Biti’s efforts to block the International Monetary Fund (IMF) from giving Zimbabwe nearly US$1 billion in Special Drawing Rights (SDRs), the Government of Zimbabwe recently confirmed receiving the money.

Staff Reporter

The Zimbabwe Tourism Authority (ZTA) has retired its long-serving chief executive Karikoga Kaseke on health grounds after he suffered a stroke in 2018.