THE retail landscape in Zimbabwe has undergone a dramatic transformation. Once bustling with iconic brands like Truworths and Barbours, urban centres now house a multitude of small boutiques and shops. This shift was partly fuelled by the rise of second-hand clothing and cheap imports, posing a significant challenge to formal retailers like Edgars. Yet, Edgars…

ELECTRICITY production by Independent Power Producers (IPPs) saw a significant boost in the first quarter of 2024, jumping 10,47 percent from the same period last year. Yet, despite this growth, IPPs still only contribute about 4,81 percent to the country’s total power output, according to a recent report by the Reserve Bank of Zimbabwe. This…

PARLIAMENT has confirmed Zimbabwe’s ratification of the Africa Risk Capacity (ARC) Treaty, an AU initiative that seeks to help member states improve their capacity to deal with extreme weather events and natural disasters. Treasury will now tie up the process through some legislative and administrative processes. Ratifying the agreement will allow the Zimbabwe to fully…

AS ZIMBABWE continues in its push to join the BRICS bloc, a move that could redefine its global economic standing, experts have weighed in with cautious optimism and warnings about how it could backfire. This comes amid reports of recent discussions between President Emmerson Mnangagwa and his Russian and South African counterparts regarding the initiative.…