THE government says it is continuously evaluating the effectiveness of its economic blueprint, National Development Strategy 1 (NDS1), to address policy shortfalls, as it seeks to meet an upper middle-income economy by 2030. This comes as the realisation of Vision 2030 has been facing hurdles in the form of domestic and external shocks, including inflationary…
BUSINESSES have sought scale through mergers and acquisitions to maintain survival and boost competitiveness amid persistent headwinds in Zimbabwe’s economy, analysts say. It comes as the market has seen a flurry of consolidation deals, particularly in the financial services sector. CBZ Holdings (CBZ) just concluded its acquisition of a 31 percent stake in First Mutual…
COTTCO Holdings (Cottco) says it will set up a 60-tonne per day oil expressing factory in Gokwe, which is expected to support rural development. The cotton crop supports thousands of livelihoods in smallholder farming communities around the country. The country’s largest cotton financier’s products play a huge role in import substitution because they cannot be…
AFRICAN Century says government policy remains the country’s best weapon for containing inflationary and geopolitical pressure on business. In a statement accompanying the financial institution’s audited results for the year ended December 31, 2022, chairman Victor Gapare noted that the Russian-Ukraine conflict had resulted in a downstream impact on the Zimbabwean economy. “Notwithstanding ….notable improvements…
EXPERTS say Zimbabwe’s industrial hemp exports face certification and standardisation hurdles, as local producers struggle to meet requirements. The production and marketing of industrial hemp was legalised through promulgation of Statutory Instrument 218 of the 2020 Agricultural Marketing Authority (Industrial Hemp) Regulations. “During our first year, we had about 20 hectares under production from which…
NATIONAL Tyre Services Limited (NTS) says it is cautiously optimistic about the continued stability of the exchange rate, which will aid planning and business growth. Zimbabwe has been experiencing continued stability in the exchange rate after the successful implementation of a raft of measures by fiscal authorities to tame inflation and stabilise the exchange rate.…
GOLD deliveries to Zimbabwe’s sole buyer of bullion, Fidelity Gold Refinery, declined by 13,45 percent to 19,33 tonnes in the first eight months of 2023, latest statistics show. Miners, on the other hand, are sure that they will exceed the 35,38 tonnes produced last year and help the country fulfill its objective of 40 tonnes.…
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