Commercial Farmers' Union of Zimbabwe
Zimbabwe pays back IMF debts http://www.thestandard.co.zw/ July 8, 2013 in Business ZIMBABWE has agreed to make monthly and quarterly payments to three international financial institutions as it begins a journey to resolve its US$10,7 billion external debt. REPORT BY OUR STAFF The commitment is contained in a letter to the International Monetary Fund (IMF) managing director, Christine Lagarde …
Biti set to demonetise Zim dollar http://www.theindependent.co.zw/ July 5, 2013 in Business Finance minister Tendai Biti is on the verge of gazetting a statutory instrument which will, among other things, seek to demonetise (to withdraw a currency from further use) the Zimbabwe dollar, businessdigest has established. Chris Muronzi Sources this week said Biti wanted to gazette the legal …
AfDB injects US$6 million into private sector http://www.thestandard.co.zw June 16, 2013 in Business THE African Development Bank (AfDB) has disbursed about US$6 million directly to Zimbabwe’s private sector this year, in a vote of confidence for the country’s revival programme. BY OUR STAFF Ebrima Faal, AfDB’s regional director said the lines of credit were in addition to those …
Big bucks in Zimbabwe for brave investors http://www.bdlive.co.za/ BY TINA WEAVIND, JUNE 09 2013, 09:35 “ZIMBABWE will see an economic recovery within months.” A pipe dream? Possibly not. Ian Saunders, CEO of junior gold miner New Dawn, is one of many business people who last week expressed versions of this view. At a conference held by sub-Sahara-focussed asset …
RBZ ‘not worried by court order’ http://www.dailynews.co.zw/ Sunday, 09 June 2013 16:51 HARARE – Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono says they are not panicking over a High Court decision ordering the central bank to reimburse millions of dollars it withdrew from a local company at the height of the country’s economic meltdown in 2007. Last …
Income Tax Bill: Biti makes concessions http://www.theindependent.co.zw/ June 7, 2013 in News THE Budget and Finance portfolio committee this week flexed its muscles prompting Finance minister Tendai Biti to concede amendments and delay the passage of the Income Tax Amendment Bill that proposed to change the country’s tax regime to include a clause to levy funds remitted to …
RBZ under pressure after court order to repay stolen forex http://www.swradioafrica.com/ By Alex BellSW Radio Africa04 June 2013 The Reserve Bank of Zimbabwe (RBZ) is under pressure to pay back millions of dollars in foreign currency it illegally seized at the height of the country’s economic collapse, after a landmark ruling by the High Court. The High …
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Afreximbank to avail more credit to Zimbabwe http://www.thestandard.co.zw June 2, 2013 in Business THE African Export-Import Bank (Afreximbank) says it is ready to disburse to Zimbabwe additional lines of credit on the country’s limit. Report by Ndamu Sandu Afreximbank has been the country’s all-weather friend, helping with lines of credit necessary in reviving capacities in the local …
Lawmaker Urges Parliament to Consider Public Views on Controversial Income Tax Bill http://www.voazimbabwe.com/ Obert Pepukai30.05.2013 MASVINGO — Outreach meetings on Zimbabwe’s Income Tax Bill continued in Masvingo on Thursday with the chairman of the parliamentary budget and finance committee, Paddy Zhanda, saying the Bill is being rushed through parliament without considering the people’s views. The parliamentary portfolio committee …
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Trade deficit to widen to US$3 billion http://www.theindependent.co.zw/ May 24, 2013 in Business EARLY signs show that Zimbabwe’s trade deficit will widen to more than US$3 billion this year from US$2,6 billion in 2012, an economist has warned. Staff Writer UZ Economics lecturer Professor Tony Hawkins said this was because the country was over-consuming and excess demand …