Business news zimbababwe

Here are some recent business news stories from Zimbabwe:

Economic News

• Zimbabwe's economy is expected to grow by 3.4% in 2023, according to the International Monetary Fund (IMF). (Source: The Herald)
• The country's inflation rate has decreased to 50.4% in January 2023, from 56.4% in December 2022. (Source: Reserve Bank of Zimbabwe)
• The Zimbabwe Stock Exchange (ZSE) has suspended trading in several companies due to non-compliance with listing requirements. (Source: The Financial Gazette)

Industry News

• The government has launched a $100 million agriculture mechanization program to improve agricultural productivity. (Source: The Chronicle)
• The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has announced plans to invest $150 million in upgrading its transmission and distribution infrastructure. (Source: The Herald)
• The country's tobacco industry is expected to recover in 2023, with production expected to increase by 10% due to favorable weather conditions. (Source: The Financial Gazette)

Company News

• Delta Corporation, Zimbabwe's largest brewer, has reported a 15% increase in revenue for the half-year ended December 2022. (Source: The Herald)
• Econet Wireless Zimbabwe, the country's largest mobile network operator, has launched a new mobile money service called EcoCash. (Source: The Financial Gazette)
• Innscor Africa, a leading food and beverages company, has reported a 12% increase in revenue for the half-year ended December 2022. (Source: The Chronicle)

Investment News

• The African Development Bank (AfDB) has approved a $100 million loan to support Zimbabwe's economic recovery. (Source: The Herald)
• The European Union (EU) has pledged to provide $100 million in aid to Zimbabwe to support its economic development. (Source: The Financial Gazette)
• The government has launched a $500 million infrastructure development program, which will focus on road construction and rehabilitation. (Source: The Chronicle)

Other News

• The Zimbabwe National Chamber of Commerce (ZNCC) has called for the government to implement policies that support small and medium-sized enterprises (SMEs). (Source: The Herald)
• The country's tourism industry is expected to recover in 2023, with the number of tourists expected to increase by 10% due to improved security and infrastructure. (Source: The Financial Gazette)
• The government has launched a $10 million program to support the development of the country's arts and culture sector. (Source: The Chronicle)