Can Zim capitalise on China’s demand?
WHEN China started removing tariffs on nearly all goods from 53 African nations at the beginning of this month, Zimbabwean exporters received what appears to be a golden opportunity. But…
WHEN China started removing tariffs on nearly all goods from 53 African nations at the beginning of this month, Zimbabwean exporters received what appears to be a golden opportunity. But…
THE Treasury has maintained its five percent growth projection for Zimbabwe’s economy this year despite mounting global shocks. This comes amid growing calls from sections of industry for the Treasury to revisit its 2026 growth forecasts unveiled in November last year, before the outbreak of the US-Israel-Iran conflict that has unsettled the global economy through…
THE Horticultural Development Council (HDC) has urged the government to ease cost pressures on horticultural growers and exporters by providing tax relief and reducing levies, as global conflicts continue to disrupt trade. Rising freight costs caused by international conflicts, particularly the war involving Iran and continued disruptions to Middle Eastern airspace, are placing severe strain…
THE Zimbabwe Consolidated Diamond Company (ZCDC) has called for the slashing of diamond royalties by half, to five percent of total sales, to circumvent a mounting viability crisis triggered by a collapsed international diamond market. The diamond miner is pushing for a review of the foreign currency retention threshold on export sales from 70 percent…
THE Insurance Council of Zimbabwe (ICZ) says the newly-launched regulatory sandbox could help revive the country’s declining insurance penetration by creating space for new products, technologies and business models tailored to evolving consumer needs. Insurance penetration has fallen sharply to below five percent, largely due to low disposable incomes, worsened by the struggling informal sector,…
THE government says a strong and well-regulated seed system is critical to achieving the country’s ambitious agricultural production targets and boosting food security. Speaking during the Zimbabwe Business Summit and Seed Roadmap Workshop in Harare yesterday, the permanent secretary in the ministry of Agriculture, Obert Jiri, said improved seed varieties have the potential to transform…
THE International Monetary Fund (IMF) has commended Parliament’s active oversight role in promoting accountability and transparency, while highlighting progress made by Zimbabwe in strengthening economic governance under the Staff-Monitored Programme (SMP). This comes after IMF management’s approval of a 10-month non-financing SMP for Zimbabwe, a programme aimed at consolidating recent economic stabilisation gains, improving macroeconomic…
THE Grain Marketing Board (GMB) has established 1 804 mobile buying and collection points across the country to ease transport costs for farmers, who previously incurred high expenses delivering produce to depots. This initiative coincides with the GMB expanding its storage capacity to 70 000 metric tonnes and rolling out modernized silos to improve grain…
THE African Export-Import Bank (Afreximbank) has extended a US$15 million finance facility to Ecobank Zimbabwe to support small and medium enterprises (SMEs) operating within export value chains under its Export SME Development Programme (ESDP). The facility would provide both working capital and capital expenditure financing to SMEs across key sectors of the economy, including agribusiness,…
CHINA’s ambassador to Zimbabwe Zhou Ding says his country’s new zero-tariff policy on imports from African countries will help boost Zimbabwe’s exports and strengthen economic cooperation between the two nations. Speaking during a cultural exchange event showcasing China’s Dunhuang culture in Harare yesterday, Zhou said bilateral trade and investment between the two countries continued to…
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