Markets
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ZIMRA loses over US$100 million to tax evaders
THE Zimbabwe Revenue Authority (ZIMRA) has lost over US$100 million through tax evasion and is now piling pressure on tax evaders. According to the latest update issued by the tax agency, collections for this year went up by over one hundred percent as a result of strict and tighter measures to plug tax evasion. With the second republic dealing with…
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EU suspends duty on products from Zimbabwe
BRUSSELS – THE European Union (EU) has suspended duty on products originating from Zimbabwe not exceeding EUR6 000 for exporters registered by the Western bloc’s system in a development signifying a new twist in the duo’s relations. Zimbabwe and EU have not had the warmest of relations for over two decades after the bloc took sides with Britain, a key…
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Mthuli Ncube seeks to raise US$200m in bond sale
ZIMBABWE will seek to raise US$200 million in a debut domestic U.S. dollar bond sale on its stock exchange in Victoria Falls that trades exclusively in foreign currency, according to Finance Minister Mthuli Ncube. “We may have it in small tranches, rather than a single big issuance,” Ncube said in an interview from New York, where he is on a…
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