The production of gold, Zimbabwe’s top export, collapsed 59% percent September and November, mirroring a foreign currency crisis that has hit the country’s major mines and could deter new investment into the industry. With cumulative output just shy of 32...
SUGAR exports from Zimbabwe to the United States and regional markets declined 62 percent in the year ended March 2018, due to decreased production and increased local demand, industry giant Tongaat Hulett has reported. South Africa’s Tongaat Hulett dominates Zimbabwe’s...
SUGAR processor Star Africa Corporation’s successful debt restructure has helped the company attain a positive net asset value of $1 million in the 2018 financial year, from a net liability position of $41 million last year. A High Court-sanctioned reconstruction...
By MacDonald Dzirutwe In a backyard in Zimbabwe’s capital, a 50-year-old mother of two is using hydroponics to grow vegetables for some of Harare’s top restaurants, defying drought and an economic crisis that...
As Zimbabwe continues to struggle to produce sufficient quantities of the staple maize grain, two decades after the government started redistributing commercial farms from whites to black farmers, a frequent claim comes up. The farmers who moved to Zambia are responsible...
Exporters are holding on to more than US$1 billion, amid biting foreign currency shortages in the country, Finance Ministry permanent secretary George Guvamatanga revealed on Tuesday, but government hopes the central bank’s intervention on the forex market...
Finance Minister Mthuli Ncube has ended subsidies for maize and wheat, a move meant to cut costs, but set to further drive up the cost of staples for already pressed Zimbabwean consumers. Ncube...
Following the end of dollarisation last month and the inevitable confusion that ensued, the Reserve Bank of Zimbabwe (RBZ) has today, July 24, issued its second exchange control circular to clarify certain aspects of the new regime,...
As Zimbabwe’s farmers head to the fields to plant, the country is facing yet another dry growing season, meteorologists predict. But that has not persuaded Sikhathele Sibanda to grow something besides thirsty maize, despite government urging. Drought-hardy grains such as sorghum...
During a December 20, 2018 appearance before a parliamentary committee, central bank governor John Mangudya was asked if it was sustainable for government to continue subsidising fuel. Why not let all fuel retailers sell in forex?, one...
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