Category: Business

Gvt to boost revenue base:Biti

biti tendai.jpgFinance Minister Tendai Biti says government is looking at measures of boosting it’s revenue base as currently 70 percent of its monthly revenue amounting to 930 million is being gobbled through the civil service salary bill.

 

The country’s economy has been performing as expected with weak inflation figures and an increase in capacity utilization from last year’s 30 percent to slightly above 40 percent this year.

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ZSE share values drop

zim_stock.jpgThe total value of shares traded on the Zimbabwe Stock Exchange (ZSE) during the past three months have dropped by 15% to US$3,6 billion from US$ 4 billion in December last year on the back of cash-flow challenges affecting the market.

 

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