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HARARE, - Zimbabwe's economic growth is expected to end the year at 5.5% in 2023, slightly higher than previously forecast, before falling to 3.5% in 2024 due to drought, Finance Minister Mthuli Ncube said in a speech on Thursday. The budget deficit is expected to end the year at 1.2% of GDP, he said. Annual… ....
THE Zimbabwe National Chamber of Commerce (ZNCC) has cried foul over the double blow exerted by the 2% IMTT on the already overtaxed formal businesses. In a detailed submission ahead of the make-or-break budget statement expected this month, the business lobby group said despite being introduced in the spirit of bringing the informal market into… ....
The government has justified the US$ 2.7 billion variance between imports and exports in 2023 as a breather in the economy adding that the difference is being compensated by diaspora remittances. Zimbabwe has seen a 56% increase in imports since 2019 and the government has since attributed the upward increment to steady economic growth. In… ....
Inside a new deal to compensate white former farmers, Finance Minister Mthuli Ncube is showing his lofty ambitions for Kuvimba, the resources company that was controversially handed multiple state mining assets. Zimbabwe in 2020 agreed to pay US$3.5 billion to the farmers for improvements on the land, but not for the land itself, in a… ....