Zimbabwe-EU trade nears US$1bn as ties deepen
via NewsDay Zimbabwe1 min read
Trade between Zimbabwe and the European Union is approaching US$1 billion, indicating a deepening of their economic relationship. This development comes amidst various local news, including the appointment of Betty Murambadoro as MD of Nedbank Zimbabwe, ongoing efforts by the GMB to pay farmers outstanding arrears, and a crackdown on illegal gambling. Other reports highlight the stability of VFEX, a manufacturing recovery with an 18% jump in exports, and new partnerships such as the one between Kadoma and Bindura University for a new campus. The article also touches on issues like the dual-lane VAT system, political tensions at grasslands plots, and concerns raised by auditors regarding Invictus Energy.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
Afreximbank's digital ecosystem has enabled a Zimbabwean firm to secure a landmark US$5.3 million fuel deal. This initiative aims to expand access to trade finance, allowing more businesses to participate in regional and international trade. The development highlights how digital platforms are streamlining trade processes and fostering greater economic engagement across borders.
Must ReadZimbabwe has commissioned a specialized honey testing laboratory to enhance its export competitiveness. This development comes as the country also focuses on El Ni帽o preparedness, with ARDA delivering 120,000MT. Other news includes a parliamentary committee recommending a commission of inquiry into the Hwange governance dispute, proposed new grain levies to address climate and food security risks, and Econet launching XtraData Bundles. ART operations have been affected by power outages and raw material shortages, leading to a decline in export and paper division volumes in the third quarter to June 2022.
Must ReadA US envoy has stated that the rule of law and policy certainty are crucial for attracting investment to Zimbabwe. This comes amidst various local developments, including Econet launching new data bundles, ARDA delivering 120,000 metric tons of produce as Zimbabwe prepares for El Ni帽o, and proposed new grain levies to address climate and food security risks. Other news includes political tensions leading to violence, power outages and raw material shortages affecting ART operations, and the commissioning of a specialized honey testing laboratory to boost export competitiveness.