Relaxation of lockdown to spur production

Relaxation of lockdown to spur production

By Varaidzo Zhakata ANALYSTS have challenged manufacturers and service providers to make use of the relaxed lockdown measures and the allowance of inter-city travel to maximize production of services and goods to revive the shrinking economy. The Zimbabwean economy had already been on a downward trend before the COVID- 19 lockdown restrictions further shook it contracting by between 7,5% and 8,5% real gross domestic product (GDP). In an interview with The BusinessConnect, renowned economist, Prosper Chitambara said the gradual lifting of lockdown restrictions should be welcomed as a positive gear…

Read More

“Lets persists with policies that work,” CZI president

“Lets persists with policies that work,” CZI president

By Wellington Zimbowa INDUSTRIALISTS have implored the country to urgently adopt key economic policies that enable the retooling of industry as well as minimizing the importation Bill of finished projects. “Industry is poised at yet another precipice with another year gone without progress. The challenges remain the same, the difference being only in the degree of impact. The journey ahead will depend on the choices that we make and the resolve to deal with the known challenges, many of which are policy-related and need not cost any money to resolve,”…

Read More

TSL sales volumes decline by 73%

TSL sales volumes decline by 73%

By Varaidzo Zhakata THE Tobacco Sales Limited Group performance was above board in the third quarter, ended 31 July 2020, despite recording a 73 percent decline in sales volumes. The decline in sales volumes was mainly at independent auction to stand at 5.7 million kilograms, owing to the drop in smaller tobacco crop, coupled by a late start to the tobacco season and auction floors failure to receive the requisite approvals to decentralize. The group also suffered a decline in contracted volumes handled for tobacco merchants, recording 7.9 million Kgs,…

Read More

Caution, as air flights resume

Caution, as air flights resume

COMMENT AS Zimbabwe joins the rest of the world in opening up its air space and airports for local and international flights, Government should be proactive and put in place standard COVID- 19 testing kits at all ports to prevent the reinfection coming in from abroad. While the initiative to open-up airports will most certainly boost various business operations such as tourism there is also a need to make sure that arrivals from beyond the country’s border do not bring another strain of the pandemic that has so far accounted…

Read More

Smuggling of chemicals rife

Smuggling of chemicals rife

By Wellington Zimbowa THE Ministry of Environment, Climate, Tourism And Hospitality Industry is working with the Zimbabwe Revenue Authority to address smuggling of harmful l chemical products that affect the environment while tightening legislations. In his address to mark the World Ozone Day commemorations, minister Mangaliso Ndlovu. “Ladies and Gentlemen, as we phase out the remaining Ozone Depleting Substances and introduce the ozone and climate-friendly ones, illegal trade in phased-out substances has increased across the globe. There is, therefore, need to train Customs Officers and equip them with skills, knowledge…

Read More

Eureka bolsters Zim’s ‘US$12 Billion economy’ vision

Eureka bolsters Zim’s ‘US$12 Billion economy’ vision

By Edward Mukaro EUREKA Mine is targeting to produce an initial 140 kilograms of gold per month from the 3rd quarter of 2021, a development that would buttress Zimbabwe’s push to achieve a US$12 Billion economy through mining by 2023, deputy minister of mines and mining development Honourable Polite Kambamura has said. Addressing the media after a tour of Eureka Mine in Guruve, Mashonaland West, Hon Kambamura hailed Eureka’s operations saying, “The operations feed well into the ministry’s (mines) vision to attain 100 tonnes of gold per annum by the…

Read More

COVID- 19 causing dire disruption in service deliver

COVID- 19 causing dire disruption in service deliver

By Edward Mukaro THE United Nations World Health Organisation (WHO) is concerned by the adverse effects of COVID- 19 that may likely see gains made on preventing child deaths being lost due to disruptions on service delivery, as the global health system is being overrun by the pandemic’s toll. In a recent news release: Levels and Trends in Child Mortality, 2020 Report, Who said ‘the number of global under-five deaths dropped to its lowest point on record in 2019 – down to 5.2 million from 12.5 million in 1990, according…

Read More

Tel One endorses SMEs International Expo!

Tel One endorses SMEs International Expo!

…as the premier SMEs showcase bubbles on 10th anniversary By Wellington Zimbowa FIXED telecommunications operator, TelOne, has acknowledged the multi-pronged benefits of the SMEs International Expo in broadening the horizon of small to medium enterprises (SMEs), as well as providing various corporates with a unique interface experience with the sector that has become a major national economic backbone. SMEs contribute significantly to the national GDP while providing a lifeline for the majority of Zimbabweans in the wake of massive industry shut down in the last two decades. “I think the…

Read More

Government implored to invest wisely

Government implored to invest wisely

By Varaidzo Zhakata THE Government of Zimbabwe (GoZ) has been implored to invest in sectors that allow firms in the SADC bloc to compete in economic circles, such as in trade and export. Renowned economic analyst, Prosper Chitambara, highlighted that the postponement of the African Continent Free Trade Area (AfCFTA) is a golden opportunity for Zimbabwe to broaden its local manufacturing base, as well as investing in critical infrastructure to stir trade and investment in the country. Zimbabwe’s export position, according to Chitambara, cannot stir competition to other countries as…

Read More

Mining stands to obliterate tourism

Mining stands to obliterate tourism

By Edward Mukaro MINING within National Parks is detrimental to wildlife conservation and poses an ecological disaster, that may obliterate the country’s tourism sector, the Centre for Natural Resource Governance has said. CNRG’s statement comes hard on the heels of Government’s announcement that banned all mining activities in national parks after environmental conservationists rang the alarm bells on foreign-owned mining companies that were carrying out activities in Hwange national park. Government’s response was swift, with Cabinet stating that ‘…mining activities on areas held by national parks is banned wit immediate…

Read More