BUSINESS NEWS

Staff Writer

Government says domestic manufacturing industry in the last quarter of 2020 increased by 9 percent, setting in motion an upward trend in capacity utilisation for the manufacturing sector in 2021.

Agriculture Reporter

The 2021 tobacco selling season has started today on a positive note, with the first bale being sold at US$4.30 per kilogramme.

Business Reporter

Government has cut royalties for artisanal small scale (ASM) miners from three percentage points to one percentage point for the first 500 grams of the precious yellow metal per month, as it seeks to encourage deliveries to Fidelity Printers and Refiners (FPR).

Agriculture Reporter

Zimbabwe’s export promotion and  development agency, ZimTrade has partnered with the Ministry of Foreign Affairs and International Trade to assist small holder garlic farmers secure export markets, as demand for the product continues rising on the global scale.

Businesses Reporter

The Zimbabwe Revenue Authority, ZIMRA is pursuing the use of integrated automation and innovative technology in order to bring convenience to clients and reduce physical interaction, in an effort to reduce exposure to corona virus.

Business Reporter

The Victoria Falls Stock Exchange (VFEX) has set its eyes on the local mining sector as it intensifies its quest to lure more investors on its platform.

Staff Reporter

Political and economic analysts have said that President Mnangagwa’s Vision 2030 of achieving an Upper Middle Income Economy status is achievable judging with a number of developmental projects currently being undertaken across the country.

Staff Reporter

Zimbabwe is on a path to ensure national energy security as shown by the number of power projects being implemented across the country.

Business Reporter

Cross network mobile money transactions recorded a growth of 92.1% in the fourth quarter of 2020, owing to RBZ statutory instrument (SI) 80 of 2020 which set to deal with indiscipline in mobile money transactions that for long fuelled inflation in the local market.

Agriculture Reporter

Cotton farmers in Chiredzi, Sanyati and some parts of the country who planted early have started harvesting their crop and are hopeful that prices for the commodity would be attractive.

Business Reporter

In line with Government’s earmark for a US$12 billion market value by 2023, with US$4 billion expected from gold production, Government says it is targeting at least 35 tonnes of gold deliveries this year.

Agriculture Reporter

The Tobacco Farmers Union of Zimbabwe (ToFUZ) has applauded the Government for the foreign currency retention review ahead of the upcoming 2021 tobacco marketing season.