🇿🇼ZimbabweSouthern Africa
Zimbabwean Business and Economic News Highlights
via NewsDay Zimbabwe1 min read
Zimbabwe's business landscape sees Unifreight in a US$2.08 million deal to acquire a local FedEx Express partner. The country's tobacco exports have surged by 62% due to strong global demand. Edgars' full-year performance indicates recovery and a strategic pivot, with retail operations increasingly complemented by financial services as a significant profit driver. The Zimbabwe International Trade Fair has seen 97% of its exhibition space taken up. Discussions are also ongoing regarding electoral democracy and constitutional coloniality, as well as the stability of VFEX masking underlying value. Political tensions at grasslands plots have led to violent attacks and forced evictions.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
Must ReadRetired generals have issued a warning to Members of Parliament regarding their support for Constitutional Amendment Bill No. 3. This comes amidst a political climate where various national issues are being discussed, including economic challenges, agricultural initiatives, and local governance concerns. The generals' stance highlights potential divisions within the political landscape concerning the proposed amendment.
Zimbabwe is grappling with various issues, including power outages and raw material shortages impacting ART operations, with its exports and paper divisions seeing volume declines of 6% and 26% respectively in the third quarter to June 2022. Political tensions are evident, with retired generals warning Members of Parliament against supporting Constitutional Amendment Bill No. 3, and concerns raised about Zanu PF's potential influence towards a referendum. The country is also addressing food security risks with proposed new grain levies and a program to benefit 300,000 farmers through chili production. In other news, the Marondera council has demolished structures along the NRZ service line, and the Insurance and Pensions Commission IPEC has canceled Orchid Funeral Assurance's license, directing policyholders to file claims by June 30. A finance boss for Bikita Rural District Council was arrested for alleged abuse of office.
Must ReadZimbabwe is grappling with a significant $4.8 billion climate funding gap, as highlighted by a new book on governance that advocates for reforms. This financial shortfall is critical given the country's ongoing battles with climate and food security risks, which have prompted proposals for new grain levies. The urgency of securing green funding is underscored by delays in unlocking carbon cash, preventing Zimbabwe from accessing billions. Meanwhile, various local issues persist, including political tensions leading to violent attacks and forced evictions at grasslands plots, and power outages and raw material shortages impacting ART operations, with the manufacturer reporting declines in export and paper division volumes for the third quarter to June 2022. Other developments include the cancellation of Orchid Funeral Assurance's license by IPEC, with policyholders urged to file claims by June 30, and the arrest of Bikita RDC's finance boss over alleged abuse of office. Discussions around Constitutional Amendment Bill No. 3 continue, with retired generals warning MPs against backing it, and lawmakers urged to prioritize Zimbabwe's interests. The article also touches on the Zimbabwe Industrial Hemp Trust, the importance of agri-input dealers, and the integration of traditional land custodianship into ESG reporting.
China has announced a new zero-tariff policy for African countries, which Chinese Ambassador to Zimbabwe Zhou Ding stated offers significant export opportunities for Zimbabwean manufacturers, especially women-led businesses. This announcement coincided with the launch of the Zimbabwe Women in Manufacturing ZWIM association in Harare. The policy, effective May 1, 2026, grants duty-free access to the Chinese market for all 53 African nations with diplomatic ties to Beijing, including Zimbabwe. Ambassador Zhou emphasized that this measure will open China's market to Zimbabwean products, fostering new opportunities for local manufacturers and attracting investment in value addition and industrialization. He described ZWIM's formation as timely, aligning with Zimbabwe’s Vision 2030 and National Development Strategy 2, which prioritize manufacturing, industrialization, and women's economic empowerment. ZWIM unites women entrepreneurs from various sectors, such as agro-processing, textiles, leather, furniture, and paper production. Zhou also highlighted China's investments in Zimbabwe's infrastructure, steel, cement, solar energy, and lithium processing, which are strengthening the industrial base and creating opportunities for small and medium enterprises and women-owned businesses. He reiterated China's commitment to expanding skills training, promoting industrial exchanges, and assisting Zimbabwean manufacturers in accessing the Chinese market under the zero-tariff framework. The