Treasury kick-starts global investor roadshows
Business Reporters
The Ministry of Finance and Economic Development has started rolling out its global business roadshow programme meant to attract increased investment into Zimbabwe and showcasing the comprehensive economic policy reforms being implemented by the Second Republic.
Guided by the National Development Strategy (NDS1 2021-2025), a successor blue-print to the Transitional Stabilisation Programme (TSP-2018-2020), the Government is working on transforming the economy towards an upper middle-income status by 2030.
Revitalising domestic and foreign investments is critical under this drive, as the country seeks to widen job opportunity and foster inclusive growth in line with the global sustainable development goals.
By Alois Vinga
DIVERSIFIED retail and hospitality group, Meikles Limited has tabled plans to unbundle its tea farming concern, Tanganda Tea Company.
In an update, the group’s company secretary, Thabani Mpofu advised shareholders and the investing public of the impending transaction.
“The Board is engaged in discussions and is considering various proposals which, if implemented, may have a material impact on the value of the Company’s shares.
“In this regard the Directors have determined to unbundle from the Company and separately list on the Zimbabwe Stock Exchange the Company’s agricultural processing business,” Mpofu said.
In line with the decision, the company has since engaged professional advisors to plot the roadmap and shareholder are expected to be engaged for approvals which will be sought in due course.
Bank Fines, Suspensions Weighed by Zimbabwe for Currency Gouging 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.
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For currency gouging. 13:45
Image: Bloomberg
Zimbabwe is considering penalising domestic banks, telecommunications operators and other businesses over what the government describes as profiteering off the hard currency it makes available at auctions.
Lenders could face fines and suspensions, while companies that charge a premium for foreign exchange may be banned from participating in the auctions, central bank Governor John Mangudya said in a phone interview from the capital, Harare.
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