Mthuli increases VAT as he cuts IMT
Staff Writer
Government has cut the Intermediated Money Transfer Tax on ZiG transactions from 2 to 1,5 percent, to reduce the cost of transacting in local currency and encourage wider use of the ZiG across the economy.
IMTT is a transaction-based tax levied on electronic money transfers introduced in 2018 to widen the tax base.
Presenting

Mthuli taxes USD cash withdrawal

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FINANCE and Investment Promotion Minister, Mthuli Ncube, on Thursday, expressed deep concern over the increase in US$ cash withdrawals, warn ing that it heightens the risk of informality, tax evasion, corruption, and administrative inefficiencies.

Presenting the 2026 National Budget, Ncube said the Emerging Sector continues to account for a substantial

Staff Writer

AFRICA’s insurance industry is at a defining crossroads and the sectors leaders should abandon outdated models and embrace adaptive, visionary strategies that respond to the continent’s rapidly shifting socioeconomic and climatic landscape.

Speaking at the Southern Africa Insurance Indaba in Victoria Falls on Thursday, Old Mutual general manager for life assurance , Linda Mariwande

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Victoria Falls — Zimbabwe is charting a bold course toward becoming a regional financial powerhouse through initiatives such as the Victoria Falls International Financial Services Centre, Insurance24 reports.

In this journey, Deputy Finance Minister Kudakwashe Mnangagwa said the insurance industry has been anchored as a cornerstone of economic progress.

Mnangagwa was speaking at the

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Insurance Institute of Zimbabwe (IIZ) says insurance professionals stand at the intersection of risk, resilience and opportunity hence as the industry must respond with agility, foresight and innovation.

IIZ general manager Davison Choeni in his welcome remarks at the Southern Africa Insurance Indaba 2025 in Victoria Falls said reimagining insurance extends beyond simply embracing technological

Staff Writer

The Southern Africa Insurance Indaba, which officially kicks off tomorrow in Victoria Falls, Zimbabwe, is expected to unlock economic potential and build resilience in Africa.

The indaba, whose key speaker is Finance, Economic Development and Investment Promotion deputy minister David Mnangagwa, has brought together local and regional experts to deliberate on the continent’s insurance

Pension funds pour over ZWL$1.2 billion into Masvingo projects as Minister urges more investments

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Pension funds have injected more than ZWL$1.2 billion into infrastructure and social development projects across Masvingo Province over the past three years, in a wave of investments that has boosted housing delivery, healthcare, and education.

The figures were revealed by the Minister of

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ZIMBABWE Association of Pension Funds (ZAPF) Chairperson Phoebe Zvisinei Chawasarira has urged fund managers to strengthen governance, transparency, and value creation to restore and sustain public trust in the pensions industry.

Chawasarira said the lessons from past economic crises must guide the industry’s next chapter, warning against repeating the mistakes that eroded member confidence

Staff Writer

HARARE: The  Deposit Protection Corporation (DPC) has announced the election of its Chief Executive Officer, Hopewell Zinyau, as the Vice-Chairman of the International Association of Deposit Insurers – Africa Regional Committee (IADI-ARC).

In a statement, DPC said the appointment marks a major milestone for Zimbabwe, underscoring the country’s growing role in shaping regional and

Staff Writer

In a significant development for Zimbabwe, the United States Congress has introduced a Bill to repeal the Zimbabwe Democracy and Economic Recovery Act (ZEDERA) of 2001 which imposed sanctions on Zimbabwe.

The proposed legislation aims to guide US foreign policy towards Zimbabwe and has far-reaching implications for the country’s economic relations with the US and international financial