ZIFA secures CAF A certification, Magwizi plans coaching revolution

Zimbabwe's value-added exports surge as trade deficit narrows

Zimbabwe has recorded a surge in value-added exports, leading to a narrowing of the trade deficit. This development comes amidst various economic discussions, including a US$650 million investment vision aimed at reinforcing confidence in the country's long-term growth potential. Efforts are also underway to harmonize regional transport corridors with Malawi and Mozambique. However, challenges persist, such as power outages and raw material shortages impacting operations for manufacturers like ART, which reported declines in export and paper division volumes in the third quarter to June 2022. The country is also setting wheels in motion for a US$25 million climate recovery boost, with the WWF seeking to mobilize an additional US$25 million for nature transformation. Discussions around Zimbabwe's lithium industry highlight both leverage and risk, alongside a reordering of the Chinese supply chain. The Financial Intelligence Unit is engaging university students to combat financial crime, and high-integrity carbon markets and local credit ratings are deemed urgent for climate finance.