Nigeria considers excise tax on parallel market transactions
The federal government is considering the implementation of an excise tax on foreign exchange transactions conducted outside the official market aimed at discouraging the prevalence of multiple exchange rates in…
Meet South Africa’s ‘scientist of rugby’
THEY called it, simply, ‘the Move’. Rassie Erasmus, high in the Yokohama Stadium stands, hand over his mouth, bellowed those two words into his headset microphone. In front of him,…
Climate fund to back Rwanda with US$39,1mn
The commitment from the Green Climate Fund, which boasts assets totalling US$12,8 billion and is headquartered in South Korea will “build the climate resilience of vulnerable communities in Rwanda’s Congo…
ZERA okays US2 cents electricity tariff hike
The Zimbabwe Energy Regulatory Authority (ZERA) has approved an increase in electricity tariffs of US2 cents, which takes immediate effect. ZERA board chairperson, Dr David Madzikanda, made the announcement during a…
Unki’s PGM production records marginal increase
Business Writer Platinum group metals (PGM) production at Unki Mine increased marginally by 1 percent to 182 000 ounces’ (oz) year-on-year to September 2023, compared to 179 500 ounces in…
Hoarding of goods resurfaces – Industry and Commerce Minister Nyoni
Business Writer/NewZiana There is a growing tendency of hoarding of goods, to push up prices, among informal wholesalers and retailers which is worrisome to Government, according to a senior Cabinet…
Government mobilises resources to rehabilitate major highways in Matabeleland
New Ziana The Government is mobilising resources to rehabilitate major roads in the Matabeleland region as it moves ahead with infrastructure development across the country. In an interview with New Ziana,…
Tax breaks must be extended to inverters and batteries, says Ramokgopa
Lameez Omarjee Electricity Minister Kgosientsho Ramokgopa said the government wants more businesses and households to opt for rooftop solar, and efforts are under way to push for a tax incentive…
IMF assists RBZ to implement international banking regulations
Business Writer The International Monetary Fund (IMF) is working with the Reserve Bank of Zimbabwe (RBZ) on the implementation of Basel III framework. Basel III is a set of international…
Govt remodels the US$100 million bond
Nelson Gahadza Finance and Economic Development and Investment Promotion Minister, Mthuli Ncube, says the Treasury is reworking on the proposed US$100 million government bond after initially encountering challenges linked to…










