Zimbabwe Economic Update: Improving Resilience to Weather Shocks and Climate Change

  Agriculture is central to Zimbabwe’s food security and economic stability. The sector contributing 17% to GDP and 40% to exports, supplying 68% of raw materials to the manufacturing sector, and employing 70% of the population. However, its heavy reliance …

The futility of Zimbabwe’s crackdown on the informal sector

Tendai Ruben Mbofana In a desperate bid to rein in the rapid informalization of the economy, authorities have introduced new measures designed to level the playing field between formal and informal businesses.  Yet, history provides a compelling argument …

Ok Zimbabwe Closes Five Branches

Ok Zimbabwe Closes Five Branches By Business Reporter- Zimbabwe’s largest retailer, OK Zimbabwe, has shut down five outlets nationwide, citing a harsh trading environment and mounting financial pressures. The closures come just weeks after rival retailer N …

Zimbabwe's retail sector crisis worsens as shops continue closing

Zimbabwe's retail sector is facing an unprecedented crisis, with several major retailers and wholesalers forced to close branches amid a series of economic challenges. This Thursday, President Emmerson Mnangagwa interrupted his annual leave to chair an …

Zimbabwe raises minimum age for public service vehicle drivers to 30

In a decisive move to curb the rising number of road accidents in Zimbabwe, the Government has officially raised the minimum age requirement for public service vehicle (PSV) drivers from 25 to 30 years. The regulation, which takes effect immediately, aims …

World Bank warns Zimbabwe on climate-induced economic losses

HARARE, Feb. 1 (Xinhua) -- The World Bank (WB) has warned that climate change could erode up to 12 percent of Zimbabwe's gross domestic product (GDP) annually if the country does not implement robust measures to tackle the phenomenon. In its latest …

Zimbabwe’s retail sector crisis worsens as shops continue closing; Finance minister laments ‘informalisation’ and ...

By Staff Reporter  THE retail sector in Zimbabwe is faced with a crisis following the closure of several branches, including those of reputable retailers and wholesalers owing to myriad factors. This Thursday, President Emmerson Mnangagwa interrupted his …

Zimbabwe tightens noose on informal sector

The government has announced stringent measures aimed at protecting the formal sector from what it describes as unfair competition posed by informal traders. In a statement released on Friday following an emergency meeting with captains of industry, …

Zimbabwe unveils measures to curb informal sector

Zimbabwe has introduced a raft of measures aimed at promoting formalisation of the informal sector and tax compliance by the formal sector. This follows complaints by the business sector that they are being driven out of business by the informal sector …

Buy Zimbabwe undergoes restructuring