馃嚳馃嚰ZimbabweSouthern Africa
Unifreight to acquire local FedEx Express partner in US$2.08 million deal
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 recent economic and business news from Zimbabwe. Other reports indicate that tobacco exports have surged by 62% due to strong global demand, while March rains in 2026 have improved some crop conditions. Conversely, power outages and raw material shortages have negatively impacted ART operations, with the manufacturer reporting a 6% decline in export volumes and a 26% decline in paper division volumes for the third quarter ending June 2022. Edgars' financial year performance suggests a recovery and strategic shift, with retail operations increasingly complemented by financial services as a significant profit driver. The VFEX shows stability, though underlying value concerns persist.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
Must ReadZimbabwean exporters can now obtain the necessary certificates of origin to export eligible products to China under a preferential trade arrangement for African countries. ZimTrade announced that all administrative and procedural requirements have been completed, opening significant opportunities for Zimbabwean businesses to increase exports to one of the world's largest consumer markets. Exports shipped to China on or after May 1 are eligible for retrospectively issued Certificates of Origin. This development is expected to boost exports by improving the price competitiveness of Zimbabwean products, particularly agricultural produce, horticultural products, manufactured goods, and value-added products. China extended zero-tariff treatment to all 53 African countries with which it has diplomatic relations since May 1. Zimbabwe has already begun to tap into this expanded market, making its first-ever shipment of blueberries to China earlier this month and securing bilateral agreements for citrus and avocado exports.
Zimbabwe has commissioned a specialized honey testing laboratory, a move aimed at enhancing the country's export competitiveness. This development is expected to support the quality assurance of Zimbabwean honey products for international markets. Other news includes former legislator Dubeko challenging President Mnangagwa's term extension in the Constitutional Court, and reports of power outages and raw material shortages impacting ART operations, leading to a decline in export and paper division volumes by 6% and 26% respectively in the third quarter to June 2022. Additionally, Zimbabwean athletes have shown impressive performance against global competitors in Budapest, while political tensions at grasslands plots have resulted in violent attacks and forced evictions.
Must ReadZimbabwe has commissioned a specialised honey testing laboratory. This initiative aims to enhance the country's export competitiveness in the honey market.