“I have great concern with the mining taxation as proposed by the minister of Finance,” Biti told legislators.

Authorities have since May tapped harder on the accelerator to contain economic decline.

Valela heads the country’s biggest firm by its market capitalisation of the Zimbabwe Stock Exchange (ZSE).

Zimbabwe is one of only two African countries included in the worldwide report titled ‘Lithium, Keeping an Ion Global Trends, Risks, Opportunities in a Supercharged Market’.

In July, the country exported and imported goods worth US$549,72 million and US$729,63 million, respectively.

Zinara’s 2020 annual report shows it collected about $1,26 billon in transit fees.

The retail chain was losing money due to the pricing at the official exchange rate, yet, its suppliers were using parallel markets rates that were way more than 50%.

“We are still working on a solar farm, and talks are in progress so that will help us big time with solar energy.

The tycoon projected that this value will hit US$30 billion by 2050, as the value of his assets appreciates.

Finance minister Mthuli Ncube says debt financing will be used to fund the $4,5 trillion 2023 national budget, raising concerns about money supply growth.

RBZ estimates that MSMEs contribute up to 80% of economic activity, up from earlier estimates of between 60% and 70%.

The ZSE has performed badly in efforts to attract foreign direct investment which led Bgoni to declare it as “the worst performing market” in Africa last August.

RBZ governor John Mangudya  announced that forex retention thresholds for business had been raised to 75% from 60% on export earnings