PHD Ministries clean Harare

PHD Ministries clean Harare

By Daniel Chigundu ENVIRONMENT, Tourism and Hospitality Industry Minister Prisca Mupfumira has applauded Prophetic and Healing Deliverance Ministries (PHD) for cleaning up the streets of Harare adding that a clean environment works well for tourism. Most cities in Zimbabwe have largely been dirty due litter which is thrown around by people and uncollected garbage in both the central business district and residential suburbs. However, speaking on the sidelines of the clean-up campaign which was held to commemorate PHD Ministries 5th anniversary, Minister Mupfumira said everyone has a role to play…

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Mupfumira, Parajuli discuss tourism and environment

Mupfumira, Parajuli discuss tourism and environment

By Daniel Chigundu ENVIRONMENT, Tourism and Hospitality Industry Minister Prisca Mupfumira has met with UN Resident Coordinator Bishow Parajuli to discuss tourism and environmental development issues. There has been growing global concern over the effects of tourism on the environment especially in countries were tourism centres of infrastructure are being built in wetlands, water and national parks among many others. Tourism relies heavily on the environment for its success while the latter depends on tourism for its sustainability. In a statement after the meeting, Minister Mupfumira applauded the United Nations…

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Northern Faming invests $16m in wheat production

Northern Faming invests $16m in wheat production

By Ndafadza Madanha THE country’s largest private financier and producer of wheat Northern Farming invests US$16m annual in the production of the cereal and is  targeting to grow 10 000 hectares next year. Northern Farming expects to harvest 47 000 metric tonnes of wheat this year from the 6 900 hectares cropped a sharp decline from the 8 000 hectares grown in 2017 and yielded 52 000mt. Zimbabwe is expected to produce 120-145 000 metric tonnes of wheat this year against national demand of 450 000mt. Average yield per hectare for…

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CZI accepts 2% tax

CZI accepts 2% tax

By Ndafadza Madanha THE Confederation of Zimbabwe Industries (CZI) has accepted the modified 2% tax on electronic payments introduced by government through the minister of Finance and Economic Development Professor Mthuli Ncube but urged the authorities to allow them to reflect the measure in their pricing. In a statement CZI president Sifelani Jabangwe said the tax while necessary to address the fiscal imbalance should not go beyond December 2019. “The 2% tax, as subsequently modified by the Minister of Finance on 5 October, with further adjustments in consultation with the…

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RBZ provides US$41m for fuel

RBZ provides US$41m for fuel

By Staff Reporter THE Reserve Bank of Zimbabwe (RBZ) says it has provided US$41 million for the procurement of fuel and expects In a statement the bank further said it had begun drawing down on the US$500 million announced in the monetary policy statement. “The RBZ wishes to advise members of the public that it has started drawing down foreign currency from the US$500m lines of credit advised in the Monetary Policy Statement issued by the Bank last week.As advised the purpose of the facilities is to fund the procurement…

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Africa’s economic pulse- Zimbabwe where are we, how low is our heartbeat?

Africa’s economic pulse- Zimbabwe where are we, how low is our heartbeat?

By David Damiyano Global growth is moderating with 2017 growth pegged at 3.1% whilst incoming figures suggest that global economic growth is slowing down as a result of a downward momentum, in trade and investment. It is only in the United States were growth is sustainably accelerating due to her substantial pro-cyclical fiscus stimulus. Pro-cyclical fiscus is attained when a country saves more and more during its economic burst time. The talk of the town China is expected to experience a gradual deceleration together along with most industrial economies. Fierce…

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Re-engagement pays off for tourism

Re-engagement pays off for tourism

By Daniel Chigundu ENVIRONMENT Tourism and Hospitality Industry Minister Prisca Mupfumira say her re-engagement efforts have started producing results following the arrival of a 35-member UK Diaspora delegation. The delegation which consists of individuals drawn from various backgrounds and trades and during their stay they will embark on scouting missions for opportunities as well. Speaking at the welcoming dinner, Minister Mupfumira said “the visit comes as result of the re-engagement mission we conducted in the United Kingdom in March this year with the main objective of reviving interest toward destination…

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RBZ rolls out measures to stabilize economy

RBZ rolls out measures to stabilize economy

THE Reserve Bank of Zimbabwe (RBZ) governor John Mangudya yesterday outlined measures to stabilize the economy while presenting the monetary policy statement. Mangudya said the measures would need to be complimented by government through reducing expenditure Below are some of the key measures announced by Mangudya.     Strengthening the Multi-Currency System by introducing separate FCA accounts for Nostro and RTGS funds. In February 2018, the Bank introduced a policy that requires banks to ring-fence foreign currency for foreign exchange earners that include international organizations, diaspora remittances, free funds, export…

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Emirates facilitating economic revival

Emirates facilitating economic revival

By Daniel Chigundu EMIRATES airline is playing a complementary role in Zimbabwe’s economic revival through facilitating tourism and enabling the movement of exports to the world. Tourism is arguably one of the country’s low hanging fruits in economic revival and for that, to work there is a need for a reliable and trusted airline, a role which Emirates is playing following years of poor performance by crumbling Air Zimbabwe. The airline flies daily from Harare to Dubai via Lusaka offering the much-needed convenience for both inbound leisure and business travellers….

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