馃嚳馃嚰ZimbabweSouthern Africa
Zimbabwe's economic challenges persist amid power outages and raw material shortages
via NewsDay Zimbabwe1 min read
A report indicates that government economic mismanagement is driving millions into poverty in Zimbabwe. The country is experiencing power outages and raw material shortages, which have impacted operations for manufacturers like ART, whose exports and paper divisions saw declines of 6% and 26% respectively in the third quarter of 2022. Despite these challenges, tobacco exports have surged by 62% due to strong global demand, and the VFEX shows stability. Edgars' full-year performance suggests a recovery and strategic pivot, with financial services becoming a significant profit driver alongside retail operations. Political tensions over grasslands plots have led to violent attacks and forced evictions. Meanwhile, 97% of exhibition space has been taken up at ZITF, and March 2026 rains have improved some crop conditions.
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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 development aimed at enhancing the country's export competitiveness in the honey sector. This initiative is expected to support the growth and quality assurance of Zimbabwean honey products for international markets.
Zimbabwe is preparing for its Nations Cup finale match against Canada. Other news includes Harare municipal police seeking more authority, a security guard stealing US$160,000, a rise in teenage sex trade in Mutare, and Starlink kits gathering dust at rural hospitals due to subscription delays. ZMX reports rising confidence with trades reaching US$1.28 million, while families on the streets are highlighted as a national issue. Stanbic Bank-backed Carnival Cup is set to begin, and the Shingirirayi Youth Ministry is organizing an under-13 football tournament in Mbare. Political tensions over grasslands plots have led to violence and forced evictions. ART operations are affected by power outages and raw material shortages, with export and paper division volumes declining by 6% and 26% respectively in the third quarter to June 2022. Zanu PF is anticipated to ambush Zimbabwe towards a referendum, and a kidnapping trial was postponed due to a lawyer's absence. A specialized honey testing laboratory has been commissioned in Zimbabwe to enhance export competitiveness.
Must ReadZimbabwean exporters can now obtain the necessary certificates of origin to export eligible products to China under a preferential trade arrangement for African countries. ZimTrade announced that all administrative and procedural requirements have been completed, opening significant opportunities for Zimbabwean businesses to increase exports to one of the world's largest consumer markets. Exports shipped to China on or after May 1 are eligible for retrospectively issued Certificates of Origin. This development is expected to boost exports by improving the price competitiveness of Zimbabwean products, particularly agricultural produce, horticultural products, manufactured goods, and value-added products. China extended zero-tariff treatment to all 53 African countries with which it has diplomatic relations since May 1. Zimbabwe has already begun to tap into this expanded market, making its first-ever shipment of blueberries to China earlier this month and securing bilateral agreements for citrus and avocado exports.