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Saturday, January 25, 2020

Business

Mail and Telegraph Business News

Former finance minister Tendai Biti says the country's inflation was the second highest in the world  after Venezuela. Debating on the consumer protection bill in the national assembly, Biti said the country's consumers were exposed to abuse by business and state actors. "I rise to give my qualified support to this...
Government has reduced import duty on diesel and petrol in an effort to avoid further fuel increases. In an interview, Permanent Secretary in the Ministry of Finance and Economic Development George Guvamatanga said duty on petrol and diesel had been reduced from $2.05 and $2.30 to $1.15 and $0.90. "Government has...
THE Zimbabwe Energy Regulatory Authority (ZERA) has gazetted new maximum retail prices of fuel reflecting average increases of 46 percent for blend petrol and 49 percent for diesel, with the new prices effective from today. ZERA said the new prices were premised on the interbank market rate and will see...
Zimbabwe Energy Regulatory Authority (ZERA) has not changed fuel prices despite the change in foreign currency rates. In a press statement,  ZERA Acting Chief Executive Officer Edington Mazambani said the petroleum Industry was advised that prices of fuel had not changed and operators were expected to continue selling fuel into...
The Reserve Bank of Zimbabwe has announced the removal of subsidy on the importation of fuel-a warning of a price hike to the commodity. In a statement issued Monday, Reserve Bank of Zimbabwe governor, John Mangudya said the procurement of fuel which for long has been on 1:1 basis, will...
Zimbabwe exports have increased by at least 15%, Finance minister Mthuli Ncube has said. Delivering his state of the economy in the national assembly, Ncune said in the first quarter of 2019, exports have increased by at least from $880 million to more than $1 billion. "Turning to exports, during the...
Governemt says it has paid back at least RTGS$ 326 million of the local debt through the insuance of treasury bills and other cash flow management systems. Presenting the state of the economy in the national assembly, Finance minister Mthuli Ncube said government has reduced the use of treasury bills...
Government remains committed to solving fuel and electricity shortages through engaging the Reserve Bank of Zimbabwe (RBZ) on long-term financial mechanisms, Energy and Power Development Minister Fortune Chasi has said. Speaking at the Zimbabwe Energy Regulatory Authority’s ISO Quality Management Standard Certification celebrations in Harare, Minister Chasi said the financial...
Finance minister Mthuli Ncube says the introduction of the Transitional Stabilisation Plan has seen government revenue collection surpassing the target while state expenditure kept below the budget threshold Preseting the state of the economy on Wednesday in the national assembly, Ncube said in the first quarter of 2019, revenue collection...
Cabinet has approved a joint venture deal between the collapsed cold storage company (CSC)  and a private company Boulstead Beef Pvt Limited to revive the meat processing concern. Addressing journalists at a post cabinet briefing, Information minister Monica Mutsvangwa said the partner was set to inject USD$130 million into the joint...
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