🇿🇼ZimbabweSouthern Africa
Unifreight secures US$2.08 million deal to acquire local FedEx Express partner
via NewsDay Zimbabwe1 min read
Unifreight has entered into a US$2.08 million agreement to acquire the local FedEx Express partner. This business development is part of a series of economic news items, including a 62% surge in tobacco exports due to strong global demand, and Edgars' financial year performance indicating recovery and a strategic pivot. Edgars' retail operations are increasingly complemented by financial services, which are now a significant profit driver. Conversely, ART operations have been impacted by power outages and raw material shortages, leading to a 6% decline in exports and a 26% decline in paper division volumes in the third quarter to June 2022. The VFEX stability is noted to mask underlying value, while 97% of exhibition space has been taken up at ZITF.
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China has announced a new zero-tariff policy for African countries, which Chinese Ambassador to Zimbabwe Zhou Ding stated offers significant export opportunities for Zimbabwean manufacturers, especially women-led businesses. This announcement coincided with the launch of the Zimbabwe Women in Manufacturing ZWIM association in Harare. The policy, effective May 1, 2026, grants duty-free access to the Chinese market for all 53 African nations with diplomatic ties to Beijing, including Zimbabwe. Ambassador Zhou emphasized that this measure will open China's market to Zimbabwean products, fostering new opportunities for local manufacturers and attracting investment in value addition and industrialization. He described ZWIM's formation as timely, aligning with Zimbabwe’s Vision 2030 and National Development Strategy 2, which prioritize manufacturing, industrialization, and women's economic empowerment. ZWIM unites women entrepreneurs from various sectors, such as agro-processing, textiles, leather, furniture, and paper production. Zhou also highlighted China's investments in Zimbabwe's infrastructure, steel, cement, solar energy, and lithium processing, which are strengthening the industrial base and creating opportunities for small and medium enterprises and women-owned businesses. He reiterated China's commitment to expanding skills training, promoting industrial exchanges, and assisting Zimbabwean manufacturers in accessing the Chinese market under the zero-tariff framework. The
Must ReadVoters have taken legal action against Members of Parliament regarding Constitutional Amendment Bill No. 3 CAB3. This development occurs amidst various national issues, including the launch of a fire season campaign in Beitbridge due to looming veld fire threats, and efforts by the Education ministry and NAC to reintegrate teenage mothers into schools. Other ongoing discussions include proposed new grain levies to address climate and food security risks, and a program set to benefit 300,000 Zimbabwean farmers through chilli production. Retired generals have also cautioned MPs against supporting CAB3, emphasizing the need for lawmakers to prioritize Zimbabwe's interests. The country is also dealing with political tensions over grassland plots, delays in unlocking green billions from carbon cash, and the arrest of a Bikita RDC finance boss over alleged abuse of office.
Beitbridge has initiated a fire season campaign in response to the impending threat of veld fires. This local news development highlights proactive measures being taken to address environmental risks in the region.
Must ReadBeitbridge has initiated a fire season campaign in response to the impending threat of veld fires. This development comes amidst various local news, including the Marondera council's demolition of structures along the NRZ service line, and voters taking legal action against Members of Parliament over Constitutional Amendment Bill No. 3 CAB3. The Education ministry and NAC are intensifying efforts to reintegrate teenage mothers into schools. Zimbabwe is also exploring new grain levies to combat climate and food security risks, with 300,000 farmers set to benefit from chilli production. Other reports highlight political tensions at grasslands plots leading to violence, power outages and raw material shortages affecting ART operations, and a delay in carbon cash unlocking green billions for Zimbabwe. In a financial update for the third quarter to June 2022, a manufacturer reported a 6% decline in exports and a 26% decline in paper division volumes.