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1-10 results from 1000 for query «imports»

January 10, 2019 5:28 AM Grand fuel heist in Zimbabwe?

Zimbabwe consumed almost 480 million more litres of petrol and diesel in six months between June and November last year than in the same period in 2017, a gargantuan 77 percent extra, at an additional foreign currency cost of more than US$200 million. Figures released by the Ministry of Energy and Power Development show that consumption of diesel and petrol 17

January 9, 2019 5:03 AM Govt suspends duty on commodities

Suspension of duty on selected commodities among them luxury and public service buses, ammonium nitrate fertilisers, fertilised eggs for hatching and powdered raw milk among other critical goods, came into effect on Wednesday last week, according to Government Gazette published on Friday. Some of the goods on the exemption list include raw wine all for approved 15

January 1, 2019 1:46 AM Pay civil servants in hard currency: Chamisa

Government should make efforts to pay civil servants salaries in foreign currency, MDC president Nelson Chamisa has said. This comes as the on-going strike by doctors has entered its fourth week, after the government failed to address their grievances and demands — resulting in operations at public health institutions being severely affected by the industrial 15

December 23, 2018 7:58 PM NRZ tonnage grows by 10pc

The tonnage moved by the National Railways of Zimbabwe (NRZ) has grown by almost 10 percent in the first 11 months of the year compared to the comparative period last year. In the 11 months ending November 30, 2018, the rail operator transported goods weighing a total of 3 178 785 tonnes, compared to 2 897 836 tonnes in 2017. NRZ public relations manager 28

November 25, 2018 5:36 AM Relief for car importers

The Zimbabwe Revenue Authority (Zimra) has thrown a lifeline to private motor vehicle buyers who paid for car imports on or before November 22, 2018, exempting them from mandatory duty in foreign currency. The revenue collector said individuals who imported vehicles on or before November 22, and whose cars are scheduled to arrive in Zimbabwe on or before 28

November 10, 2018 12:50 PM Zimra tightens screws on $200 rebate

The Zimbabwe Revenue Authority (Zimra) has instructed its officers at the country’s border posts to strictly enforce the $200 rebate on imported goods for personal use. In a statement released yesterday, the national tax revenue collector said if the quantities imported by a traveller exceeds the stipulated maximum quantities, then the particular item will be deemed 21

October 19, 2018 4:45 PM ‘Diesel demand strikingly increasing’

Diesel demand has been strikingly increasing over the last few months, a leading financial research firm has said. The government has said the gain is due to regional truckers taking advantage of the lower cost of fuel in Zimbabwe relative to the region when the RTGS to USD parallel exchange rate is factored. Equity Axis, however, said it is important 13

October 18, 2018 2:00 PM Afreximbank loans Zimbabwe $500 million as dollar crisis worsens

The African Export Import Bank (Afreximbank) says it is finalising a $500 million loan facility for Zimbabwe, to help secure the foreign-currency starved southern African country’s imports. Zimbabwe is experiencing a shortage of foreign currency, blamed mainly on a huge trade deficit caused by the collapse of its key agriculture and manufacturing sectors 13

October 17, 2018 5:18 AM Afreximbank confirms $500m facility talks

The African Export-Import Bank (Afreximbank) has confirmed holding talks with a Zimbabwean delegation led by Finance and Economic Development Minister Professor Mthuli Ncube in connection with a $500-million nostro stabilisation facility. Zimbabwe, which is going through a damaging foreign currency crisis, is looking for stabilisation facilities while 20

September 4, 2018 3:45 PM Nigeria hits MTN with $2bn tax bill

Africa’s largest mobile phone operator, MTN, says it has been hit with a $2bn (£1.5bn) tax bill by Nigeria just days after the country’s central bank slapped the company with an $8bn fine. As a result of MTN’s woes in its most lucrative market, the company’s shares have dropped by about 20% in under a week. MTN says the office of Nigeria’s attorney general 37