馃嚳馃嚰ZimbabweSouthern Africa
Zimbabwe hospitality sector faces US$30 million funding gap ahead of IATF 2029
via NewsDay Zimbabwe1 min read
Zimbabwe's hospitality sector is facing a significant funding deficit of US$30 million in preparation for the IATF 2029. In related news, Stanbic Bank has committed US$30,000 towards clean-up initiatives in Victoria Falls. Other developments include Fidelity unveiling Zimbabwe's first large-scale residential piped gas project and the ZMX reporting rising confidence with trades reaching US$1.28 million. Zimbabwe also commissioned a specialized honey testing laboratory to enhance export competitiveness and delivered a historic milestone by hosting world-class Table Tennis regional championships. Political tensions at grasslands plots have led to violent attacks and forced evictions, while squatters continue to struggle with trauma from Gukurahundi and state-sponsored violence. The VFEX shows stability, though underlying value is masked, and there are concerns that Zanu PF may ambush Zimbabwe towards a referendum. Despite outdated equipment, Zimbabwe's para-athletes are achieving success, and junior water polo teams are poised for global recognition.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
Must ReadZimbabwe has commissioned a specialized honey testing laboratory, a move aimed at enhancing the country's export competitiveness in the honey market. This initiative is expected to support local honey producers in meeting international quality standards and accessing global markets.
Must ReadStanbic Bank has committed US$30,000 to support clean-up initiatives in Victoria Falls. Separately, former legislator Dubeko has filed a challenge with the Constitutional Court regarding President Mnangagwa's term extension. Other news includes government efforts to revive the cotton industry, rising confidence in the Zimbabwe Mercantile Exchange ZMX with trades reaching US$1.28 million, and a report on ART operations being affected 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. Additionally, Zimbabwe has commissioned a specialized honey testing laboratory to enhance export competitiveness.
Must ReadFormer CCC Member of Parliament Prince Dubeko Sibanda has filed an application with the Constitutional Court ConCourt to nullify recent constitutional amendments that would grant President Emmerson Mnangagwa a two-year term extension. Sibanda argues that the extension of the term of office for the President and legislators from five to seven years should not benefit current incumbents, citing section 3287 of the Constitution. This section prohibits the application of a term extension amendment to any person who held the relevant public office before the amendment. Sibanda's application names Parliament, the President of Zimbabwe, and the Minister of Justice, Legal and Parliamentary Affairs as respondents. He contends that section 5b of the Constitution of Zimbabwe Amendment Act No. 6 of 2026, which inserted section 952a into the Constitution, is inconsistent with section 3287 and therefore invalid. Sibanda previously attempted to challenge these provisions when they were still a Bill, but the application was struck off as the dispute had not yet crystallized. Now that the Bill has been enacted and promulgated as Act No. 6 of 2026, Sibanda asserts that the impugned clauses have assumed legislative form, and their constitutionality can now be measured against section 3287.