Prof Ncube goes on investment roadshow thezimbabwemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thezimbabwemail.com Daily Mail and Mail on Sunday newspapers.
New incentives to boost exports
Business Reporter
Export incentives announced by Government last week could not have come at a better time for exporters that are accompanying ZimTrade on outward seller missions to Dubai and the DRC.
ZimTrade is currently implementing its 2020 to 2023 strategy to increase participation in export promotion activities.
In essence, the strategy entails participating in various export promotion activities, including outward seller missions, to identify potential customers and buyers for local products in those new markets.
The export promotion body will, therefore, be on a charm offensive in the Democratic Republic of Congo (DRC) and Dubai this week.
Zimbabwe’s diversified financial services group, Old Mutual and cement maker, PPC Limited, are in discussion with the government over sticking issues as the counters eye a listing on the Victoria Falls Stock Exchange (VFEX), the local bourse’s CEO has revealed.
Last year, the government suspended trading in three dual-listed counters Old Mutual, PPC Limited and Seed Co arguing that their stocks had become vehicles for repatriating investment out of the country, fuelling currency distortions and a spike in exchange rate.
It decreed that the counters have to delist from ZSE and join the VFEX.
Seed Co International is now listed on VFEX after delisting from the ZSE. Its fungibility was also restored.
ZSE Optimistic On Urgent Old Mutual, PPC Listing Resolution thezimbabwemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thezimbabwemail.com Daily Mail and Mail on Sunday newspapers.
2021-05-11 15:30:35 GMT2021-05-11 23:30:35(Beijing Time) Xinhua English
HARARE, May 11 (Xinhua) The Zimbabwean government, through the central bank, has put in place an incremental export incentive scheme to boost the country s exports.
This comes as the country has started implementing the National Development Strategy 2021-2025 which seeks to make exports one of the major drivers of economic development, among other objectives. Going forward, as we pursue the ideals of Vision 2030, and the objectives of the NDS1, export growth will play a major role in the economic development of Zimbabwe. Higher exports will earn foreign currency remittances; create higher quality and higher productivity jobs; and lower the current account deficit, hence improving the country s overall economic growth.