Business
Reform or Patronage? Makumire Questions Mnangagwa Over Tagwirei’s Ministerial Appointment
“New ministries can mean more administrative expenditure, duplicated functions and increased bureaucracy. Meanwhile, Zimbabwe urgently needs better hospitals, roads, water and jobs,” he said.
Mnangagwa Elevates His Ally Tagwirei to Cabinet in Major Economic Shake-Up
The economic development and investment promotion portfolio, which previously fell under his broader mandate as Minister of Finance, Economic Development and Investment Promotion, has now been separated and entrusted to Tagwirei.
IMF Warns El Niño Drought Will Slow Zimbabwe’s Growth
The Fund said the drought poses a key downside risk, particularly if it is more severe than expected or government mitigation measures are delayed.
Govt Cancels Import Duty on Basic Foodstuffs As El Nino Looms
Government will cancel import duty on basic foodstuffs to cushion consumers against expected El Nino-induced shortages. Finance Minister Mthuli Ncube announced the measure in Bulawayo on Friday. Ncube said the move forms part of a broader six-to-seven pillar strategy to protect the cost of living. “Zimbabwe plans to cancel duty on food imports to help
From Fields to Factories: Can Agriculture Feed and Industrialise Southern Africa?
The COVID-19 pandemic, geopolitical conflicts and disruptions to global supply chains demonstrated that countries and regions that cannot reliably feed themselves remain vulnerable to events beyond their control.
RBZ Cuts Rate to 27.5% as ZiG Inflation Hits 45-Year Low
The Reserve Bank of Zimbabwe has cut its policy rate to 27.5% from 30%, saying inflation is now firmly anchored despite a spike in global oil prices. Governor John Mushayavanhu said annual ZiG inflation fell to 2.9% in August, its lowest since 1980, before edging up to 3.7% in September. “The increase largely reflected the
A War 8,000km Has Just Made Farming Precarious in Zimbabwe
For the first time in 2 years, diesel now costs more than petrol in Zimbabwe and it is threatening to wipe out farmers’ profits just as they prepare for the summer planting season. The Zimbabwe Energy Regulatory Authority (ZERA) last week raised Diesel to US$2.08 a litre, while Blend petrol rose to US$2.06. This is
Gvt Saves US$1.3B Through Use Of Local Contractors In Major Projects
By Fanuel James The Zimbabwe government has saved an estimated US$1.3 billion since it began prioritising local contractors for major infrastructure projects. This was revealed by Transport and Infrastructural Development Deputy Minister Joshua Sacco. He was speaking at a Construction Industry Federation of Zimbabwe (CIFOZ) AGM and Congress plenary session. The deliberate policy to reserve
‘People Cannot Eat Promises’: Tsvangirayi Grills Govt Over Rising Cost of Living
“People cannot eat promises,” the legislator said, stressing that civil servants had families to support, children to send to school and basic household expenses to meet.
World Bank Warns Zimbabwe Against Ditching the US Dollar
Zimbabwe plans to phase out the use of foreign currencies for domestic transactions by 2030, paving the way for a mono-currency system centred on the ZiG.