Statement by Minister on Joint Ventures on A1 and A2 Properties

Statement by Minister on Joint Ventures on A1 and A2 Properties Joint Venture Agreement Amended 13 November 2020 In regards to this please note that: the notice applies to both current and future JVs, submission by the 30th Nov is for those seeking protection. Submission should be at Ministry HQ who can be contacted on …

Project Kilimanjaro off-track ……as Hippo scours markets for fresh funding

Project Kilimanjaro off-track ……as Hippo scours markets for fresh funding NewsDay 27/11/2020 BY TAURAI MANGUDHLA ZIMBABWE’S adverse economic conditions have stalled progress at sugar producer, Hippo Valley Estates’ multi-million dollar Project Kilimanjaro, the firm said on Tuesday. Project Kilimanjaro, which was expected to be completed in 2025, has suffered serious setbacks after Hippo failed to …

Govt to centralise control of State firms

Govt to centralise control of State firms  Herald 27/11/2020   Professor Ncube Martin Kadzere  Senior Business Reporter THE Government will adopt a centralised ownership model for State-owned enterprises (SOEs) to eliminate inconsistencies in governance and ministerial interferences, Finance and Economic Development Minister Professor Mthuli Ncube said yesterday.  Zimbabwe has a decentralised SEPs ownership model, where the …

A growth-centred Budget

A growth-centred Budget The Herald 27/11/2020 Tawanda Musarurwa Senior Business Reporter Boosting production, getting infrastructure fixed and expanded, supporting the vulnerable and increasing the spending power of ordinary people are the main planks of the 2021 National Budget presented by Finance and Economic Development Minister Professor Mthuli Ncube yesterday. In addition, as the minister stressed, …

Asset stripping concerns spoil CSC revival

Asset stripping concerns spoil CSC revival  Chronicle 27/11/2020   CSC-Boustead Beef Zimbabwe plant in Bulawayo Oliver Kazunga, Senior Business Reporter THE defunct State-owned meat processor and marketer, the Cold Storage Company (CSC) has reportedly been stripped of assets resulting in the Government applying to place it under corporate rescue to avoid liquidation. Formerly CSC, the …

$421.6bn inclusive 2021 budget unveiled

$421.6bn inclusive 2021 budget unveiled The Chronicle 27/11/2020 Prosper Ndlovu, Business Editor FINANCE and Economic Development Minister, Professor Mthuli Ncube yesterday announced a $421.6 billion National Budget for 2021 in which he handed down tax relief measures to cushion workers and corporates in line with the Government’s thrust to steer increased production and widen the …

First Lady laments deforestation

First Lady laments deforestation  0  November 26, 2020 2:07 PM Source: First Lady laments deforestation | The Herald Chief Mazungunye of Bikita applauds planting a baobab tree at Mandara Primary School at the national tree planting day pre-launch yesterday. Looking on is Minister of State for Masvingo Provincial Affairs Ezra Chadzamira(white coat) From George Maponga in BIKITA First …