Zimbabwe economic review highlights varied sector performance and challenges
via NewsDay Zimbabwe1 min read
The Zimbabwe Economic Review indicates a mixed performance across various sectors. Tobacco sales reached 149.92 million kilogrammes through auction and contract floors, despite depressed prices. ART operations faced challenges, with the manufacturer reporting a 6% decline in exports and a 26% decline in paper division volumes during the third quarter to June 2022, attributed to power outages and raw material shortages. The review also notes that medical aid societies are struggling to avoid health reform. Other developments include foreign military attachés touring ARDA projects, the GMB beginning to pay outstanding arrears to farmers, and Zimbabwe stepping up its crackdown on illegal gambling to protect licenses, revenue, and public trust. Additionally, Matabeleland and Masvingo communities are set to benefit from a US$25 million climate fund.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
Scottland FC, the Castle Lager Premier Soccer League champions, have been confirmed as participants in this year's Toyota Cup. Tournament director Jessica Motaung announced that Scottland FC will be the latest African club to be invited to the pre-season competition, which features Kaizer Chiefs FC. This marks a significant moment for Zimbabwean football, as Scottland FC becomes the third club to participate in the tournament since its launch in 2024. Young Africans of Tanzania were the first invited guests in 2024, followed by Asante Kotoko of Ghana in 2025. The Toyota Cup is an annual pre-season fixture that pits Kaizer Chiefs against top opposition from across the continent. For Scottland FC and their owner, Honourable Pedzai "Scott" Sakupwanya, this invitation highlights the club's growing continental profile. The fixture will provide coach Norman Mapeza's squad with valuable experience against a Kaizer Chiefs side that regularly competes in the CAF Champions League.
PPC Zimbabwe experienced an 18% increase in sales volumes during the review period, which led to a 14.3% rise in its revenue. This performance contributed to a 3.9% increase in the group's overall revenue, reaching ZAR10.25 billion. The company also paid a record US$36 million dividend.
Must ReadZimbabwe, Malawi, and Mozambique are working together to harmonize regional transport corridors. This initiative is part of broader regional developments, including the KAZA meetings in Victoria Falls where Zimbabwe is leading the regional conservation agenda. Other news from Zimbabwe includes the drawing of a physical borderline on Lake Kariba with Zambia, a fire at Kutsaga Research Station, and various economic and social updates such as the ZSE's performance, PPC Zim's dividend payment, and challenges faced by ART operations due to power outages and raw material shortages.