The Zimbabwe Revenue Authority (Zimra) has labeled the National Railways of Zimbabwe (NRZ) as a solution to de-congesting the country's borders after complaints have been leveled by travelers on ZIMRA for slow service.Travellers as well as transporters accuse border authorities and Zimra of inefficiencies which keep truckers at the borders sometimes for more than two weeks.Long queues are the orde

The Minister of Finance and Economic Development, Patrick Chinamasa, will present the 2016 mid-term national budget review statement on Thursday with a major focus on rationalisation of jobs in the civil service, the Herald publication, a government mouthpiece has said. The Government currently spends about $200 million monthly in salaries, a figure that it says is not sustainable. The 2016 $4 bil

The Reserve Bank Of Zimbabwe has once again announced that the bond notes will start circulating in August next month amid growing skepticism and dissent by the masses over the introduction of the Zimbabwean notes.  revealed that its has not yet changed its plans to introduce bond notes into circulation, amid mass rejection of the policy.RBZ Governor, Dr John Mangudya sugar coated the b

Zimbabwe has put its focus on the repayment of arrears owed to debtors in order to be eligible to receive more funds, increasing the country's dept to more than $10 billion.At the October 26 meetings, the boards of the African Development Bank, the World Bank and the International Monetary Fund are expected to consider Zimbabwe for a funding programme and therefore it is imperative for the countr

Zimbabwean citizens have reportedly accepted the use of plastic money as the shortage of the US dollar bites into the economy.Reserve Bank of Zimbabwe Governor John Mangudya noted the growth in the use of plastic money saying about $5,5 billion moved through the electronic payment system from $5,4 billion moved in June.Point of sale transactions grew to $19,3 million in June up from $18,3 million

Governments in Southern Africa have been accused of stalling economy growth through legislation that impedes on business growth through restrictions and bans.Common Market for Eastern and Southern Africa Competition Commission chief executive George Lipimile said governments are at the fore front of discouraging competition, which is meant to evoke business growth.“Governments have been the bigg

ZIMBABWE- Government is crafting another ban that will see transportation of bulky goods by haulage trucks being banned so as to revive the country's ailing National Railways of Zimbabwe company.The ailing parastatal faces stiff completion from haulage truck operators, which have also been blamed for the spate of accidents in the country.Responding to questions during the inaugural Infrastructure

The government has confessed that it lost over $13 billion in underhand dealings in nearly 10 years that the firms had been mining the gems in the Chiadzwa diamond fields.Government officials have been quoted refuting claims that close to $15 billion was lost in bogus diamond mining concessions.Former mineral resources executive at the Zimbabwe Consolidated Diamond Company, Takawira Zhou, revealed

Investigations into one of the biggest financial misconduct in Telecoms history in Zimbabwe involving Netone has been completed, with a report fully compiled.Price Waterhouse Coopers, (PWC) had been contracted to conduct an extensive forensic investigation into the dealings of Netone.  One of the biggest questions everyone was asking was did NetOne CEO Reward Kangai and his executives take p

Motorist in Zimbabwe are paying high figures, four times as much to get vehicle registration plates, contributing to a fund that has been used to keep broke state-owned Air Zimbabwe in the air.It costs $160 to get a number plate in Zimbabwe, more than the range of $12 to $40 paid by motorists in South Africa, Namibia, Botswana, Zambia, Kenya and Uganda.Zimbabwe registration plate fees go into a â€

Zimplats has been dragged to court by President Robert Mugabe seeking confirmation of the compulsory acquisition of the unutilised 28,000 hectares of mining land in Kadoma, held by Zimplats Holdings Limited. The land, which is held by Zimplats under Special Mining Lease number 1, has been lying idle for years and Government intends to acquire it and re-allocate it to prospective miners who are kee

The World Bank has availed $20 million to finance Zimbabwe's Public Financial Management Enhancement Project meant to improve transparency and accountability in Government finances. In a statement, the Ministry of Finance and Economic Development said the project would involve procurement of goods (supply of information technology equipment and office furniture to be procured using international b

Basic commodities in Zimbabwe have reportedly spiked since the beginning of the year with the latest Buy Zimbabwe campaign adding to the woes of the average consumer.The Consumer Council of Zimbabwe (CCZ) has said in its latest monthly family basket report that several goods had their prices increased.It noted that in January the cost of living stood at $557,58 for a family of six and jumped to $5

The Zimbabwe Revenue Authority has revealed that its revenue collection has increased by 10 percent in the second quarter to $867 million. ZIMRA acting commissioner general Happias Kuzvinzwa said that this compares favorably with the first quarter revenue performance where gross collections were 9 percent below target.He said the improved performance in the preliminary revenue figures show that in

Zimbabwe is close to finalising a nearly $1 billion loan from the African Export-Import Bank (Afreximbank) to clear its debt arrears with multilateral institutions after a proposed funding deal with Algeria fell through, officials have said.Harare is expecting its first loan since 1999 from the IMF later by December this year, after meeting targets under a 15-month IMF staff monitored programme, a