‘Declare entire Byo an SEZ’

Oliver Kazunga Senior Business Reporter INDUSTRY and commerce executives in Bulawayo have called on the Government to declare the entire city an industrial Special Economic Zone (SEZ) as opposed to adopting a sectoral approach. Contributing during a pre-budget dialogue symposium organised by The Chronicle yesterday, participants said the focus on leather and textile SEZ was narrow arguing…
Continue reading…

 

Afreximbank to bailout Zim

Taurai Mangudhla and Livingstone Marufu AFRICA’S trade finance bank, the African Export and Import Bank (Afreximbank), has made commitment to bailout Zimbabwe with about $1 billion to stabilise the economy. The Afreximbank on Saturday evening signed a memorandum of understanding with the Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya, for a $600 million…
Continue reading…

 

Cotton production up 150 percent

Business Reporter ZIMBABWE’S cotton production increased 150 percent this year, largely driven by Government’s free input support programme, according to official statistics. Cotton output increased to 70 000 tonnes, up from 28 000 tonnes produced during last season, latest figures from the Agriculture and Marketing Authority show. AMA has not yet declared the selling season closed…
Continue reading…