THE Tobacco Industry Marketing Board (TIMB) has developed a compliance administration framework meant to improve contracted growers’ viability, an official has said. This comes amid mounting concerns about the viability of tobacco farming under the contract farming scheme, which controls over 90 percent of all production. “TIMB has come up with a compliance administration framework…
LEADING retail group, OK Zimbabwe, says the government should provide incentives for private sector investments in renewable energy amid the ongoing power outages. This comes as Zimbabwe is currently generating about a third of its 2 000 megawatts (MW) peak power demand and experiencing acute power outages. “The country faces a severe shortage of electricity…
THE Hospitality Association of Zimbabwe (Haz) says it is expecting hotel occupancy to further improve this year, despite the resurgence of Covid-19 in China. This comes as the World Health Organisation said it would continue to closely monitor the situation in China and globally, with Zimbabwe’s biggest trading partner, South Africa, having detected its first…
THE Construction Industry Federation of Zimbabwe (Cifoz) says the construction industry needs a retooling facility in light of the current boom in the sector. The industry is currently buoyed by the renewed government thrust of supporting local contractors, through its infrastructure development programmes. “… everybody is aware that the industry has been down for a…
BUSINESS says authorities need to further improve the country’s ease-of-doing business climate to significantly boost local and foreign investment. This comes after 74 percent of respondents in a just released 2022 industry and commerce survey warned that Zimbabwe’s business operating environment was not friendly. “In the 2021 Zimbabwe National Chamber of Commerce (ZNCC) inaugural State…
THE Zimbabwe National Chamber of Commerce (ZNCC) has implored the government to maintain fiscal discipline as the country holds harmonised elections this year. Elections in Zimbabwe are commonly characterised by increased spending to finance election-related activities, ultimately upsetting the economy. “Government should maintain fiscal discipline through enhanced expenditure rationalisation measures as we enter the election…
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says while it has benefited from the Reserve Bank of Zimbabwe-controlled foreign currency auction, the allocation is still not enough for infrastructure development. Potraz director general Gift Machengete said the sector requires a lot of foreign currency to function well. “… I am happy to say…
THE government says starting this year, payments to “correctly-priced” contractors will be done within 30 days. This comes as delayed payments for work done on government projects created serious challenges for contractors, some of whom had to resort to overcharging to beat inflation. Finance ministry permanent secretary George Guvamatanga said the government operates on a…
THE Zimbabwe Farmers Union (ZFU) has raised concerns about lack of insurance for small-holder farmers who risk incurring losses due to weather hazards such as flash floods. This comes amid high optimism about the prospects of the ongoing season. “Flash floods are a risk associated with every rainy season so farmers are encouraged to insure…
THE World Bank (WB) has maintained that Zimbabwe’s economy will grow by 3,6 percent this year against the government’s 3,8 percent. The government is banking on mining, construction, agriculture and tourism after projecting a four percent growth in 2022, down from 4,6 percent, amid inflationary pressures and incessant power outages. “We have already factored the…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More