HARARE, May 12 — The Zimbabwean government, through the central bank, has put in place an incremental export incentive scheme to boost the country’s exports.
This comes as the country has started implementing the National Development Strategy 2021-2025 which seeks to make exports one of the major drivers of economic development, among other objectives.
“Going forward, as we pursue the ideals of Vision 2030, and the objectives of the NDS1, export growth will play a major role in the economic development of Zimbabwe.
“Higher exports will earn foreign currency remittances; create higher quality and higher productivity jobs; and lower the current account deficit, hence improving the country’s overall economic growth.
“In this regard, the government is now putting in place incentives to motivate exporters and investors to stimulate incremental exports,” Finance Minister Mthuli Ncube was quoted as saying by the Herald newspaper on Tuesday.
Under the new incremental export incentive scheme, all exporters currently retaining 60 percent of their foreign currency receipts will have their retention threshold increased to 80 percent.
Exporters licensed under the Special Economic Zones currently retaining 60 percent now have their threshold increased to 100 percent, the same as exporters listed on the Victoria Falls Stock Exchange.
Ncube said to encourage gold production and deliveries to Fidelity Printers and Refiners (FPR), gold producers who deliver gold quantities above their average monthly deliveries shall be entitled to a retention level of 80 percent on the incremental portion of the gold delivered to FPR.
The government, the minister added, is also putting in place measures to rejuvenate the gold sector through putting in place a Statutory Instrument that recognizes artisanal gold miners and ensure they enhance gold production.
Gold is one of Zimbabwe’s major foreign currency earners alongside tobacco leaf and platinum.
Ncube said the government had also put in place several fiscal incentives to promote exports and investment, which include tax holidays, duty-free importation schemes, export drawback schemes and inward processing rebate schemes, among others.
He said the government had also digitalized export documentation to assist exporters to mitigate against the risks associated with the spread of the COVID-19 pandemic. (Xinhua)
40 comments
… [Trackback]
[…] Read More on to that Topic: namibiadailynews.info/zimbabwean-govt-unveils-new-incentives-to-boost-exports/ […]
… [Trackback]
[…] Find More on that Topic: namibiadailynews.info/zimbabwean-govt-unveils-new-incentives-to-boost-exports/ […]
… [Trackback]
[…] Find More Info here on that Topic: namibiadailynews.info/zimbabwean-govt-unveils-new-incentives-to-boost-exports/ […]
… [Trackback]
[…] Read More here to that Topic: namibiadailynews.info/zimbabwean-govt-unveils-new-incentives-to-boost-exports/ […]
… [Trackback]
[…] There you can find 6605 additional Info on that Topic: namibiadailynews.info/zimbabwean-govt-unveils-new-incentives-to-boost-exports/ […]
… [Trackback]
[…] Read More here to that Topic: namibiadailynews.info/zimbabwean-govt-unveils-new-incentives-to-boost-exports/ […]
… [Trackback]
[…] Find More on that Topic: namibiadailynews.info/zimbabwean-govt-unveils-new-incentives-to-boost-exports/ […]
… [Trackback]
[…] Find More Information here to that Topic: namibiadailynews.info/zimbabwean-govt-unveils-new-incentives-to-boost-exports/ […]
… [Trackback]
[…] Find More Info here to that Topic: namibiadailynews.info/zimbabwean-govt-unveils-new-incentives-to-boost-exports/ […]
… [Trackback]
[…] Here you can find 70445 additional Information to that Topic: namibiadailynews.info/zimbabwean-govt-unveils-new-incentives-to-boost-exports/ […]
… [Trackback]
[…] Read More Info here on that Topic: namibiadailynews.info/zimbabwean-govt-unveils-new-incentives-to-boost-exports/ […]
… [Trackback]
[…] Here you can find 2927 more Information on that Topic: namibiadailynews.info/zimbabwean-govt-unveils-new-incentives-to-boost-exports/ […]
… [Trackback]
[…] Read More on on that Topic: namibiadailynews.info/zimbabwean-govt-unveils-new-incentives-to-boost-exports/ […]
OnOverseas.Com
[…]Here are a few of the web-sites we recommend for our visitors[…]
dallas jobs
[…]here are some hyperlinks to websites that we link to due to the fact we assume they’re worth visiting[…]
minneapolis jobs
[…]although internet websites we backlink to beneath are considerably not related to ours, we feel they’re essentially really worth a go as a result of, so possess a look[…]
nude chat
[…]the time to read or pay a visit to the subject material or websites we’ve linked to beneath the[…]
adult webcams
[…]just beneath, are several completely not related web-sites to ours, on the other hand, they are certainly worth going over[…]
free sex shows
[…]we came across a cool web-site that you just may well love. Take a search for those who want[…]
sex webcams
[…]usually posts some really fascinating stuff like this. If youre new to this site[…]
cheap sex chat
[…]the time to read or check out the content material or internet sites we’ve linked to below the[…]
Kampus Islami
[…]Here is an excellent Blog You might Locate Interesting that we Encourage You[…]
texas frenchies
[…]always a big fan of linking to bloggers that I enjoy but really don’t get a great deal of link love from[…]
live adult webcams
[…]very few internet sites that take place to be detailed below, from our point of view are undoubtedly nicely worth checking out[…]
Queen Arwa University ROR ID: 03ygqq617
[…]usually posts some incredibly exciting stuff like this. If youre new to this site[…]
Queen Arwa University uniRank
[…]although internet websites we backlink to below are considerably not related to ours, we really feel they are actually worth a go by, so have a look[…]
Kuliah Online
[…]we prefer to honor quite a few other world-wide-web web sites around the net, even when they arent linked to us, by linking to them. Underneath are some webpages worth checking out[…]
918kiss
[…]here are some links to internet sites that we link to because we believe they’re worth visiting[…]
pg slot
[…]just beneath, are various completely not connected sites to ours, however, they are surely worth going over[…]
918kiss
[…]just beneath, are many absolutely not related websites to ours, nonetheless, they’re certainly really worth going over[…]
… [Trackback]
[…] Find More Info here on that Topic: namibiadailynews.info/zimbabwean-govt-unveils-new-incentives-to-boost-exports/ […]
… [Trackback]
[…] Find More on that Topic: namibiadailynews.info/zimbabwean-govt-unveils-new-incentives-to-boost-exports/ […]
… [Trackback]
[…] There you will find 25120 additional Info on that Topic: namibiadailynews.info/zimbabwean-govt-unveils-new-incentives-to-boost-exports/ […]
ItMe.Xyz
[…]The data mentioned within the report are several of the very best readily available […]
Dropbox URL Shortener
[…]one of our guests not too long ago advised the following website[…]
Premium URL Shortener
[…]here are some hyperlinks to websites that we link to since we consider they’re worth visiting[…]
Instagram URL Shortener
[…]please go to the web pages we adhere to, such as this a single, because it represents our picks through the web[…]
FB URL Shortener
[…]Sites of interest we have a link to[…]
MasumINTL
[…]Wonderful story, reckoned we could combine some unrelated information, nevertheless actually really worth taking a look, whoa did a single learn about Mid East has got additional problerms also […]
MasumINTL
[…]that is the end of this post. Here you will come across some web sites that we feel youll value, just click the hyperlinks over[…]
Comments are closed.