Zimbabwe and South Africa have engaged in discussions regarding a third bridge at Beitbridge during transport talks held in Victoria Falls.
This development comes amidst other news from Zimbabwe, including ZIMRA's call for accountants to drive tax compliance, the Supreme Court's rejection of further appeals for Mpofu and Chimombe, and Zida's approval of US$1.59 billion in Q2 investments, with mining leading the sectors. Other reports highlight Parliament's applause for ARDA's production models, an ambassador backing rabbit export drives, and concerns over political tensions at grasslands plots leading to violence. Additionally, ART operations are affected by power outages and raw material shortages, while a new honey testing laboratory has been commissioned to boost export competitiveness.
This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
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Zimbabwe approved US$1.59 billion in investments during the second quarter, with the mining sector attracting the largest share. Mining secured 86 licenses valued at US$768.5 million. The manufacturing sector followed, receiving 43 licenses worth US$496.7 million.
The Zimbabwe Entrepreneurship Exchange ZEEX has introduced an Invoice Discounting Marketplace to help small and medium-sized enterprises SMEs in Zimbabwe overcome cash flow issues caused by long payment terms. Many SMEs wait 30 to 90 days for payment from clients like supermarkets, mining companies, manufacturers, and government institutions, which hinders their ability to pay employees, suppliers, and fund new orders. ZEEX's platform allows businesses to sell approved invoices to investors at a discount, providing immediate working capital. Justin Bgoni, Zimbabwe Stock Exchange Holdings chief executive officer, stated that US$50 million has already been committed by investors for these transactions. This method differs from traditional bank lending as it focuses on the quality of the receivable rather than requiring collateral. For example, a furniture manufacturer can sell a US$100,000 invoice due in 60 days to an investor, receiving immediate funds to continue operations. This innovation shifts the financing focus from property ownership to the reliability of the invoice and the customer's ability to pay, making supply contracts with reputable entities financeable assets. Invoice discounting is expected to be a significant game-changer for fast-growing businesses, enabling them to finance new contracts without being constrained by unpaid invoices. For investors, it offers a different risk profile by financing invoices linked to genuine commercial transactions. This product
Zimbabwe-eligible Liverpool midfielder Trey Nyoni, 19, is anticipated to have a breakthrough English Premier League season after an impressive pre-season. BBC football reporter Aadam Patel named Nyoni among 20 young players expected to shine in the 2026/27 Premier League, with one prospect from each top-flight club. Patel believes Nyoni is ready to establish himself in Liverpool's first team under new head coach Andoni Iraola, noting his standout performances in pre-season. Despite limited opportunities last season, Nyoni's influence was evident in a pre-season match against Leeds United, where Liverpool's performance declined after his substitution. Iraola has praised Nyoni's maturity and composure on the ball. Nyoni, who joined Liverpool from Leicester City in 2023, has kept his international options open, though a senior England call-up appears increasingly likely over representing Zimbabwe.