Saturday, September 22, 2018
Martin Kadzere Interview The Government has formalised the amendments to the Indigenisation Act. The requirement that 51 percent of all businesses worth more than $500 000 should be owned by locals has been removed leaving only diamond and platinum sectors. On the 12 reserved sectors, any citizen of Zimbabwe, not...
By Amitrajeet A. Batabyal President Donald Trump recently slapped tariffs of 25 percent on imported steel and 10 percent on foreign aluminum, prompting significant concern and discussion about the wisdom of this action. As an economist who shares some of those concerns, I believe it’s important to first understand what a...
The Zimbabwe economy faces the real risk of plunging into a recession this year if companies continue struggling to get foreign currency, according to findings by a UK-based economic research firm, BMI. But it strongly contends that the new dispensation has brightened the chances of Zimbabwe obtaining concessional funding from...
Taurai Mangudhla Zimbabwe could still be losing millions of dollars worth of potential revenue from diamonds, through leaks orchestrated by a closely knit syndicate according to a recent intelligence report. As such, a red flag has been raised at the Zimbabwe Consolidated Diamond Company (ZCDC) against the backdrop of serious allegations...
Russia intends to set up a Special Economic Zone in Zimbabwe for companies from that country to operate from, as part of a broader thrust to pursue mutually beneficial economic ties with Harare, Foreign Affairs Minister Sergey Lavrov said on Thursday. Lavrov, who was in Zimbabwe on his fourth leg...
Chris Chenga President Mnangagwa’s first one hundred days were not going to result in actual investment and jobs. That was an unrealistic metric; inconceivable for any observer cognisant of Zimbabwe’s political stature at the time that he took office. Erudite observers would understand that any significant gains a new administration...
Martin Kadzere The Victoria Falls Bridge -- connecting Zimbabwe and Zambia -- has outlived its lifespan and needs to be urgently reconstructed to avert potential structural failures. Built about 112 years ago, the bridge has outlived its lifespan by 12 years and the Infrastructure Development Bank of Zimbabwe says it...
During the past three months, Zimbabwe has become a centre of attraction as investors from leading global corporates are taking positions with the view of investing in the country. This follows the take-over of power by President Mnangagwa following the resignation of former president Robert Mugabe in November 2017...
The pioneering United College of Education in Bulawayo celebrates its 50 years golden anniversary this year. Where did the college really begin? Colleges do not, as a rule, originate in the resolutions of committees or councils. Usually one finds that it is an individual who has had the idea that a college...
Clive Mphambela The currency reform debate is one that is refusing to go away. Cash remains short in the pockets of ordinary consumers, and foreign exchange remains ever scarcer in the hands of importers who have become desperate for foreign exchange to pay for essential inputs. Following a decade of instability...