Tuesday, September 26, 2017
Tinashe Nyamunda The Economy Corner This article reflects on the Budget Statement presented last week by Minister of Finance, Patrick Chinamasa. The annual budget review for 2016 and the 2017 outlook presented last week provides the public with an opportunity to take stock of the country’s development trajectory. Given the crisis...
Enacy Mapakame Zimbabwe’s biggest polystyrene (kaylite) manufacturer, Planas Investments’ recent $6 million investment in factory machinery might go to waste following a ban on the use of the packaging material over environmental concerns, but the company is already working on alternatives. Planas business development manager Melody Frank told Business Weekly the...
Dr Tinashe Nyamunda The Economy Corner As I continue examining different aspects of Zimbabwe’s emerging post 2000s economy, I am drawn to the concept of “ease of doing business in Zimbabwe”. If any aspired development is to take place or any serious investors are to be attracted, this is one...
The National Social Security Authority (NSSA) said it will be increasing the minimum monthly pension pay-out to $80 from $60 per month starting from October this year. The development however, effectively means that the authority has failed to meet its target of hiking the pay-out to $100 by September this...
A new report finds flourishing tourism in Africa is putting millions of people to work and adding billions of dollars to national economies.The UN Conference on Trade and Development’s annual Economic Development in Africa Report projects continued robust growth in tourism in the coming years. Growth figures in Africa’s tourism...
LIQUEFIED petroleum gas imports jumped 67 percent between January and June this year, indicating growth in the use of alternative heating energy compared to electricity, statistics from Zimbabwe Energy Regulatory Authority show. Zera chief executive officer Engineer Gloria Magombo told The Herald Business by email that LPG imports increased to...