All Entries in the "Government" Category
Banks Should Lend – Tendai Biti
Banks should increase lending to productive sectors the Finance Minister Tendai Biti has said.
Despite a surge in bank deposits to $1.01 billion in October from $475,5 million in April, banks have continued to be very conservative when it comes to lending.
The urge to lend by the finance minister comes a few days after Reserve Bank [...]
FINANCE Minister Tendai Biti forecast a budget deficit of 40,5% of gross domestic product next year
FINANCE Minister Tendai Biti forecast a budget deficit of 40,5% of gross domestic product next year. Government spending will reach $2,25 billion, while revenue increases to $1,44 billion, leaving a shortfall of about $810 million.
Biti hinted that the deficit will be funded by foreign aid or by drawing down on the $US510 million the country [...]
ZIM – SA Bilateral Investment Promotion and Protection Agreement finally Signed
Zimbabwe and South Africa on Friday finally signed the Bilateral Investment Promotion and Protection Agreement that is set to unlock investment inflows into both countries.
Zimbabwe was represented at the signing ceremony by the Economic Planning and Investment Promotion Minister Elton Mangoma while South Africa’s Trade and Industry Minister, Dr Rob Davies, signed on behalf of [...]
Chirundu One Stop Border Post Opens Next Week
The Chirundu One Stop Border Post will be officially opened on Saturday next week.
This is a border post linking Zimbabwe and Zambia and it will be opened by the presidents of the two countries.
Chirundu border post on the Zambezi River is one of the busiest inland border crossings in southern and eastern Africa with an [...]
Business Council of Zimbabwe Post Budget Analysis
The Business Council of Zimbabwe will next Friday host its maiden post budget analysis.
Finance minister, Mr Tendai Biti will be the guest speaker at the first breakfast meeting to be held at the celebration centre in Harare.
This meeting will give business leaders an opportunity to interact with the minister as well a make further recommendations.
This [...]
Ministry of Planning and Economic and Investment on Medium Term Plan consultation
Ministry of Planning and Economic and Investment Promotion has embarked on stakeholder consultations on the proposed Medium Term Plan.
The Medium Term Plan is expected to run from next year to 2015.
MTP is being developed on a consultative manner and it is supposed to be built on the foundation laid through the Short Term Economic Recovery [...]
US$15.8 Billion for Economic Policy
At least US$15.8 billion is needed to finance the Medium Term Plan (MTP) which is a successor to the Short Term Emergency Recovery Programme (Sterp)
MTP is a six year economic programme which is expected to run from January next year until December of 2015 and it succeeds an otherwise very ambitious recovery programme which missed [...]
Civic Society on the 2010 Budget
Civil society organizations have added their voice to what they expect from the national budget.
The civil society organizations said the national budget should be in line with putting the country back on course for attaining the Millennium Development Goals.
This budget should also be guided by principles of accountability, transparency and people centredness.
Some of the issues [...]
2010 Budget Should Introduce Export Incentives
The 2010 fiscal statement should seek to initiate substantive export incentives, correlated to the extent of increases in export performance.
This would ensure the maximization of productivity and a with concomitant reduction in unit costs, an analysts has said.
Increased production would also see increased monetary inflows and enhanced levels of employment with special emphasis upon primary [...]
Industry expects flat tax regime in next Budget
Industry expects a flat tax regime in the next budget, industry sources have said.
This would be part of the low tax regime that industry is also pushing for. Minister Tendai Biti is expected to announce the 2010 national budget within the first two weeks of next month.
This is a budget that seeks not only to [...]
