Search results for 'Economic Impact'
Companies
Auditor General's Report Exposes Widespread Parastatal Graft

Since attaining independence, one of the major problems Zimbabwe has been facing is corruption. The issue dates back to the Willowgate Car scandal in 1988, which implicated top government officials. T

Jul 15, 2024
Zimbabwe
Water Levels at Critical Point: Kariba Dam on ‘Brink of Collapse’, Leave Millions in Darkness

imbabwe is teetering on the precipice of a catastrophic power crisis, with the situation at the Kariba Dam reaching a terrifying nadir. As of August 19th, 2024, water levels have plummeted to a criti

Aug 19, 2024
World
Sudan's War Drags Africa Down: World Bank Cuts Growth Forecast to 3%

Sub-Saharan Africa's economic growth forecast has been revised downwards to 3% for 2024, primarily due to the devastating impact of Sudan's civil war on the region's economy. This represents a 0.4% d

Oct 16, 2024
Zimbabwe
Year-to-Date Tobacco Update: Rakes in $1 Billion, Exports Surge, 30% Increase in Growers

Zimbabwe's year-to-date tobacco exports have raked in US$1 billion exceeding the US$960 million recorded in 2023 according to Tobacco Industries Marketing Board. The country shipped approximately 187

Nov 05, 2024
Companies
Choppies Exits Zimbabwe: Detailed Analysis on Unhappy Statement

Choppies is exiting Zimbabwe and has initiated discussions to divest its business, citing the adverse effects of policies that favour informal traders over formal retail operations. The company plans

Dec 02, 2024
Zimbabwe
Sugar Tax Cut, Over 2 Million Unaccounted For: Will Fast Food Tax Suffer Same Fate?

Reduction of Sugar Tax: Has cut the sugar tax from 0.001% to 0.0005% per gram Revenue Allocation Concerns: Despite generating significant revenue from the sugar tax, no cancer treatment equipment has

Dec 02, 2024
Mining
28 Zimbabwe-Linked Gold Mafia Members Placed on U.S. Sanctions

The United States and United Kingdom have imposed stringent sanctions on individuals implicated in gold smuggling and money laundering operation based in Zimbabwe, effective December 9, 2024.

Dec 10, 2024
Companies
Delta Corporation Pays $31 Million in Sugar Taxes, Implements Strategic Mitigation Measures

Delta Corporation, Zimbabwe's largest beverages maker, has paid US$31.2 million in sugar taxes during the period from February 2024 to December 2024, which has had a ripple effect on the market. The

12 hours ago

Top Stories

Delta Suffers its Way Through The Busiest Quarter

The ZSE’s most valued company and the country’s biggest beverages maker Delta has released a trading update for the 3 months period to December 2024 painting a very dull picture on performance, one of

11 hours ago

Delta Corporation Pays $31 Million in Sugar Taxes, Implements Strategic Mitigation Measures

Delta Corporation, Zimbabwe's largest beverages maker, has paid US$31.2 million in sugar taxes during the period from February 2024 to December 2024, which has had a ripple effect on the market. The

12 hours ago

ZIDA's Digital Push Yields Results: Sees 34% Jump in Licenses Issued

The Zimbabwe Investment and Development Agency (ZIDA) has successfully achieved its goal of fully digitalising its operations in the fourth quarter of 2024, according to its latest Q4 2024 report. Th

14 hours ago

How Will Commodity Markets React to US Withdrawal from Climate Pact? Mixed Fortunes for Zimbabwe's Mining Sector

The United States President, Donald Trump, has withdrawn the United States from the Paris Agreement, citing national interests. Under the international climate accord, first negotiated in 2015, countr

1 day ago

MMCZ Appoints Nomusa Jane Moyo as New General Manager

The Minerals Marketing Corporation of Zimbabwe (MMCZ) has announced Dr. Nomusa Jane Moyo as its new General Manager, effective immediately. Dr. Moyo, who has been the Acting General Manager since July

1 day ago

WHO Loses Largest Donor: US Withdrawal Sparks Concern

United States’ 47th President, Donald Trump has pulled out from the World Health Organization (WHO), citing systemic inefficiencies in managing global health crises. Trump has articulated concerns r

Jan 21, 2025

TIMB Renews Tobacco License Application Deadlines

The Tobacco Industry and Marketing Board (TIMB) has announced new deadlines for license applications for both contractors buying and ‘A’ class buying licences. The dates have been moved to 31 March 2

Jan 21, 2025

Government’s ZiG Policies Half Baked-CZI

The Confederation of Zimbabwe Industries (CZI) has expressed concerns regarding the insufficiency of governmental initiatives aimed at stabilizing the local currency. In its recent report, "Inflation

Jan 20, 2025