COUNTERFEIT seeds and delayed government payments to seed farmers are hurting the oilseed industry, resulting in lower yields, the Oil Seeds Association of Zimbabwe (OSAZ) has said. This comes as the country’s oilseed sector is undergoing a major shift aimed at reducing its heavy reliance on imported crude vegetable oil and achieving domestic self-sufficiency. The…
FIRST Mutual Properties (FMP) is set to delist from the Zimbabwe Stock Exchange (ZSE) in July 2026 following a cash buyout offer from its majority shareholder, First Mutual Holdings (FMH). The proposed transaction involves an offer to acquire up to 360,944,355 ordinary shares, representing approximately 29,2 percent of the company’s issued share capital held by…
INCREASED uptake of locally produced goods and stronger support for domestic manufacturers are critical in protecting Zimbabwe from global economic shocks, according to the Ministry of Industry. This comes as there have been supply chain disruptions triggered by the Russia-Ukraine conflict, which affected access to raw materials. More recently, tensions between Iran and Israel have…
AUTHORITIES approved a sweeping package of regulatory reforms in manufacturing, health, financial services, and real estate, a move intended to slash business costs and stimulate broad-based economic growth. In a move meant to “modernise the regulatory environment,” the minister of Finance, Mthuli Ncube, announced on Tuesday night that Cabinet had sanctioned a “comprehensive package of…
A HIGH-LEVEL delegation from the African Development Bank Group (AfDB) arrives in the country today for strategic engagements on the proposed Glassblock Bopoma dam and pipeline project, marking a significant step forward for one of Matabeleland’s water infrastructure investments. The five-day mission, running from May 11 to 15, comes as the government accelerates efforts to…
THE National Railways of Zimbabwe (NRZ) has intensified efforts to restore its operational capacity after securing multiple funding facilities and strategic partnerships aimed at rehabilitating locomotives, wagons and rail infrastructure. Speaking during a presentation to Parliament’s Public Accounts Committee in Bulawayo on Thursday, NRZ deputy chief executive Ainah Dube-Kaguru said the parastatal had unlocked a…
THE Grain Marketing Board (GMB) has cleared its wheat payment arrears, disbursing US$5,2 million to farmers to support production ahead of the next farming season. The development comes after an outcry by farmers over the government’s failure to increase funding to the GMB to ensure the timely disbursement of payments for delivered grain, hindering their…
THE government has urged industry to take advantage of improved macroeconomic stability to boost production and expand exports. Since last year, the country has, for the most part, maintained a positive trade balance, supported by firm foreign currency inflows from mineral exports and a stable local currency. Exports of value-added products rose by 18 percent…
ZIMTRADE has called for investment in modern agricultural value chain systems to meet the demand for horticultural products from the Chinese market. This comes as China recently granted a zero-tariff treatment to 53 African countries, including Zimbabwe, through its Zero-Tariff Regime, effective from the start of this month. The initiative is designed to dismantle traditional trade…
MANY Zimbabweans are still turning to counterfeit goods, often because they feel they have little choice, according to a new survey. This comes as authorities continue to struggle to curb smuggling, with police warning that the spread of counterfeit goods has become a security threat. Research by Buy Zimbabwe, working with Topline Research Solutions, shows…
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