16.7 C
Harare
Sunday, April 5, 2020
•             Africa’s leading economies are increasingly looking to wind energy •             Renewables are advantageous as they save money and require low maintenance •             Energy sector is a catalyst for Africa’s economic growth Harare...
Company’s harvested cane declined by 5%Private farmers harvest slumps by 14%Sugar production was 12% lower in the period Harare - Hippo Valley Estates Limited realized a decline in cane and sugar production in the nine months to 31 December 2019 as the trading environment remains challenging.
Severe power outages directly affecting productionMoody’s cuts South Africa’s 2020 economic growth to 0.7% from a previous forecast of 1.5%Sub-Sahara has the lowest electricity generation capacity which results in forgone economic opportunity Harare - Neighbouring South Africa just like Zimbabwe, has had to endure...
Crippling economic growth are shortages of key economic enablers such as power and fuel, foreign currency shortages as well as soaring inflationAmidst this terrain, there is a general sentiment that government has failed to inspire confidence which is critical to promote investment and business operations“Clarity of national plans is important to build...
Food exports declined by 33.6%Decline attributed to affordability challengesMaize imports increased by 86.2% Harare- Food imports shrank by 33.6% to US$299.4 million in 2019 from US$451.2 million in 2018. This was said in the February 2019 Monetary Policy Statement presented by the...
Africa’s population to double by 2050E-commerce players in AfricaViability of African Instant Messaging endeavors?Africa, a global leader in fintech Africa’s population is expected to roughly double by 2050, adding 1.2 billion people to Africa’s 2019 population of 1.3 billion people. With an internet penetration rate of 35.9%, Africa...
Supreme Court makes landmark ruling on debts acquired before February 22, 2019Government, biggest winner as TB’s value plummetZIMRA, parastatals on the receiving end of the rulingCorporates balance sheets to shake as a result The supreme court today passed a hallmark judgment, one which threatens normalcy of business in the...
Harare- As prices of goods and services continue increasing and salaries are increasing at a reduced rate, life is becoming harder for the average person in Zimbabwe.  The money they earn is buying less and less on a weekly, if not daily basis.
Harare- Zimbabwe is hard hit with hyperinflation and this has seen the erosion of income, especially for the low-income earners in the civil service despite the government taking measures to cushion them against some of challenges they are facing due to low income. The last...
Harare- Injection of more money into the market by the Reserve Bank of Zimbabwe has resulted in money supply which makes up all the liquidity in the economy increasing to $20 billion in August, posing a risk to monetary stabilization as the nation is already battling spiking inflation.