THE Atlanta Black Chambers (ABC) has announced a significant investment initiative in Zimbabwe, earmarking US$500 million for the development of housing and tourism infrastructure. (more…)
THE 2024 tobacco marketing season commenced yesterday, with the initial price set at US$4,92 per kg—an uptick from last year’s starting point of US$4,35. (more…)
ZIMBABWE recorded a 4,13 percent increase in tourist arrivals in the fourth quarter of 2023, with 515 336 visitors entering the country, according to the Reserve Bank of Zimbabwe (RBZ). (more…)
ZIMBABWE electricity imports declined 11,4 percent to 2 040,5 gigawatt hour (GWh) in 2023 compared to 2 303,6GWh recorded during the same time in 2022 with South Africa’s Eskom dominating the imports, Zimbabwe Statistics Agency (ZimStats) data has revealed. (more…)
Zimbabwe reported record tobacco sales last year as the southern African nation re-establishes itself as one of the leading growers in the world. Tobacco is one of Zimbabwe’s major foreign currency earners. As the country’s 2024 tobacco marketing season officially commences on March 13, followed by contract sales…
ZIMBABWE'S complex and frequently changing property tax regime is discouraging long-term investment and hindering economic growth, according to the Real Estate Investment Trusts Association of Zimbabwe. (more…)
THE business community remains overall uneasy about Harare and Washington’s relationship, as well as the country’s potential for sustained economic revival in that light. (more…)
ZIMBABWE’S export revenues were down by 1,9 percent to $540,3 million in January 2024 from $550,6 million in December 2023, according to the latest data. (more…)
THE World Bank says the current foreign exchange system in Zimbabwe significantly contributes to persistently high inflation, macroeconomic instability, and limited financial intermediation within the country. (more…)