SUPPORT programmes by the Zimbabwe government have been given the thumbs up for their contribution in boosting agriculture production. According to the Zimbabwe Vulnerability Assessment Committee (ZimVAC) 2021 Annual Rural Livelihoods Assessment Report, the country registered improvements in areas such as access to extension services, finance and infrastructure. “The findings… revealed that a well-coordinated government…
THE World Bank says the government should continue on its path of fiscal prudence to enhance market confidence and improve macroeconomic conditions. This, the bank said, would strengthen the local currency and stabilise prices. The country has since its introduction last year of the Dutch foreign currency auction system and a host of fiscal measures,…
BUSINESS has implored the authorities to balance economic activities and safeguarding lives as they implement measures to curb the spread of the lethal coronavirus in the country. In particular, it urged the government to ramp up the vaccination programme and put in place regulations that allow uninterrupted business activities for industry and commerce. This comes…
The Chinese government has acknowledged damage to fuel rods at a nuclear power plant in the south of the country, but said no radioactivity had leaked. China’s Ministry of Ecology and Environment said the problem was “common” with no need for concern. The admission comes after CNN reported that the US government was assessing a…
Billionaire MacKenzie Scott, ex-wife of Amazon founder Jeff Bezos, has donated another $2.7bn (£1.9bn) to a range of charities. Ms Scott said in a blog post that she wanted to give the money to those “that have been historically underfunded and overlooked”. She wrote that she had chosen 286 organisations working on racial inequality, the arts and…
THE government is a step closer to assuming Air Zimbabwe (AirZim)’s debts, as the struggling airline exits reconstruction, a Cabinet minister has said. This comes as the embattled flag carrier, which was under reconstruction since 2018, announced that it had successfully negotiated a debt settlement plan with local and foreign creditors. The airline is saddled…
ZIMBABWE’S horticulture sector is targeting new lucrative markets in the Middle East to drive a rebound of the industry this year. Between May 2020 and June this year the sector saw exports fall to US$121 million from US$130 million recorded between May 2019 and June 2020 due to disruptions caused by the Covid-19 outbreak. Former…
The UK risks being left in the slow lane when it comes to building electric cars, according to a new report. Influential green group Transport and Environment (T&E) says as recently as 2018, the UK produced roughly half of all electric cars built in Europe. But it claims a lack of investment by UK manufacturers…
OVER 16 000 metric tonnes (mt) of cotton seed have been delivered to Cottco so far, as the marketing season for the white gold takes shape following the government’s resolution to pay farmers for last year’s produce. The State-controlled Cottco had been struggling to pay farmers $1,5 billion for the 2020 cropping season, leaving the…
ZIMBABWE’S trade development and promotion agency, ZimTrade, has embarked on an aggressive outbound mission to explore more regional and international markets for local companies to improve exports earnings. The Financial Gazette’s Group Digital Editor Paul Nyakazeya (PN) sat down with ZimTrade chief executive Allan Majuru (AM), pictured, about this development and other trade issues. Below…
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