Business community urged to approach Homelink

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The business community in Bulawayo and the Matabeleland region has been advised to approach Homelink Finance Services and other units of the central bank to access loans and grow their enterprises. The central bank through its Homelink Micro Finance Scheme and other special purpose funds is in an aggressive drive to empower people who are failing to access loans from banks. The move comes as government has adopted a pro-business approach to assist especially the small and medium scale entrepreneurs with funding. In his presentation in a business forum in…

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Zimbabwe to mortgage minerals for capital

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RESERVE Bank of Zimbabwe governor John Mangudya on Monday told visiting Australian assistant secretary for Africa branch Gita Kamath that the country is ready to securitise its mineral resources in exchange for over US$1 billion in long-term capital to turn around the economy, it has been established. According to the World Bank, Zimbabwe’s economy is expected to register modest 0,9% growth this year, a figure much lower than the government estimate of 4,5%. The country, which owes the international financial institution US$1,8 billion in arrears, has the second known platinum…

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RBZ announces new tobacco incentives

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The Reserve Bank of Zimbabwe RBZ has announced new tobacco incentives including issuance of diaspora financing production bonds and licensing deserving merchants to use huge RTGS funds to purchase tobacco. The incentives are expected to bring viability in the tobacco sector ahead of the 2018 marketing season. As the 2018 tobacco marketing season draws closer, the central bank has instituted a cocktail of incentives to ease the marketing and viability of the gold leaf which is one of the biggest and seasonal foreigner currency earner for the country. To boost…

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Mangudya in bid to woo investment

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CENTRAL bank chief John Mangudya this week left interest rates unchanged but moved to mop up excess liquidity in the market through the issuance of government paper through open market operations to support the value of the Real Time Gross Settlement money currently trading at a discount as high as 60% against the American unit on the parallel market. His monetary policy statement on Wednesday suggested the central bank wants to lift production further from current levels, raise exports as the country’s nostro balances run dry, restore confidence in the…

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Chiwenga speaks on improving tourist influx

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VICE President Constantino Chiwenga yesterday said Government will place high priority on the review and appropriate amendment of the visa regime in its work plan for the first 100 days to develop and facilitate the ease movement by tourists. In his address at the Stakeholder Consultative Workshop for the National Tourism Sector Strategy at HICC, he highlighted contributions by the tourism sector in the country’s economy and the plans by the United Nations World Tourism Organisation” (UNTWO) in the industry. “Tourism is undoubtedly a key sector of our national economy…

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