By the AFREEQUE newsroom, based on Daily News (Zimbabwe)
Zimbabwean Finance Minister Mthuli Ncube is targeting a balanced budget by 2027 to preserve macroeconomic stability and strengthen public spending discipline. He presented this policy direction at the national seminar preparing the 2027 budget, which will be based on the NDS2 development strategy, reports Daily News.
Zimbabwean Finance Minister Mthuli Ncube said the government is considering a further cut to the money transfer tax known as the IMTT. In an editorial published by Daily News (Zimbabwe), the writer says the Treasury must quickly turn this consideration into concrete action to protect jobs.
🇿🇼 Zimbabwe · Source: Daily News (Zimbabwe) ·
The Zimbabwean government is asking mining companies and investors to fund local infrastructure so that mineral exploitation brings greater benefits to communities. The policy aims to increase the mining sector’s contribution to the national economy, notably through gold, the main driver of foreign currency earnings and state royalties, according to the Daily News.
🇿🇼 Zimbabwe · Source: Daily News (Zimbabwe) ·
Morocco’s draft 2027 finance bill provides for a 41% increase in funding allocated to common charges, expenses not directly assigned to ministries’ budgets. The Ministry of Economy and Finance presents this change in a budget note, Lebrief reports.
🇲🇦 Morocco · Source: Lebrief ·
Bulawayo City Council has proposed a US$457.88 million budget for 2027, intended in particular to renovate infrastructure and improve municipal services. The plan includes increased operating expenditure and investment, reports the Daily News.
🇿🇼 Zimbabwe · Source: Daily News (Zimbabwe) ·
Harare threatens to demolish at least 100 propertiesHarare city council in Zimbabwe is threatening to demolish at least 100 illegally built or unregularised properties. Owners have 14 days to comply before possible demolitions begin, which the municipality describes as a last resort, reports the Daily News.
Pretoria diversifies exports amid uncertainty over AGOASouth African minister Ronald Lamola says Pretoria is preparing for possible exclusion from AGOA, the US programme giving preferential access to the US market. South Africa is seeking to diversify its markets towards Africa, Asia and the European Union while maintaining constructive dialogue with Washington, according to SABC News.The week in Africa
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