Seed producer, Seed Co Zimbabwe has completed setting up its new US$12 million artificial seed drying plant at Stapleford, Mt Hampden, Zimbabwe which will enhance early seed availability for sale post-harvest. Read more.
In a period between January and May 2021, Zimbabwe’s export receipts improved by 31% to accumulating a staggering figure of US$2.02 billion which is a great climb as compared to the US$1.53 billion during the same period last year in 2020 regardless the negative environment brought about by the Covid-19 pandemic. Read more.
Zimbabwe’s official year on year inflation rate for the month of July 2021 as measured by the all items Consumer Price Index (CPI) slowed to 56,37 % from 106,64% in June, the Zimbabwe National Statistics Agency (ZimStat) has said.
Zimbabwe’s manufacturing sector is presently, gravely constrained to take full advantage of the opportunities to be created by Africa Continental Free Trade Area (AfCFTA) trading block. Read more.
Zimbabwe’s largest beverages maker, Delta Corporation, registered a 114 % growth in revenue for the first quarter to June 2021, in inflation adjusted terms, on volumes recovery driven by relaxed Covid-19 tight lockdown that disrupted business in the same period last year. Read more.
As stated by the Finance and Economic Development Minister Professor Mthuli Ncube, the insurance industry in Zimbabwe has a crucial role to perform when it concerns the matter regarding to boosting cybersecurity by developing products that see to the demands of an increasingly digitalised economy. Read more.
The Reserve Bank of Zimbabwe (RBZ) has commenced the functionality of the incremental export incentive scheme, which is said to have a goal of boosting export-led growth by seeing to it that some exporters retain up to 100% of their portion of earnings. Read more.
The majority of Zimbabweans are likely to suffer financially as the prices for basic household necessities continue to climb and shortages of essential services such as electricity, water and medication continue to occur on the regular throughout the country.
The treasury has indicated plans to raise $30 billion through the issuance of Treasury Bills and bonds to finance more Government projects in line with the 2021 National Budget. Read more.
December 3, 2021