Staff Writer Minister of Industry Mangaliso Ndlovu says green industrialisation is a key driver of economic growth in the Southern African Development Community (SADC). Speaking at the SADC Industrialisation Week, Ndlovu said the event will focus on promoting green and sustainable industries. “We recognise the importance of environmental stewardship and the imperative to mitigate the…
Staff Writer The government has taken a significant step towards bolstering the country’s resilience to climate change with the approval of Zimbabwe’s National Climate Change Adaptation Plan for the period 2024 to 2030. The Cabinet’s greenlight on the National Climate Change Adaptation Plan marks a crucial milestone in the country’s efforts to mitigate the impacts…
Staff Writer Ariston Holdings (Ariston) says it continued to benefit from the positive impact of installing a solar energy plant at Southdown Estate for the quarter to June 30, 2024. The agro-industrial concern installed a solar plant at the Southdown Estate to offset power outages in July 2023. The country has been experiencing erratic power…
Zimbabwe’s Finance Minister Mthuli Ncube has called on the Southern African Development Community (SADC) to utilise carbon credits as a vital tool in the fight against climate change. Speaking at the 7th SADC Industrialisation Week in Harare, Ncube highlighted the pressing need for collective action to combat climate change. “Climate change is one of the…
Staff Writer Delta Corporation says its sorghum beer unit was the most affected by the drought during the quarter ended June 30, 2024, due to lower consumer disposable incomes in rural markets and cost pressures on key cereals such as maize and sorghum. The beverages manufacturer said sorghum beer volume in Zimbabwe declined by 10%…
Staff Writer The government has availed ZiG60.9 million to the Grain Marketing Board (GMB) for grain distribution to vulnerable households across the country during the first half of the year. The funding has enabled the distribution of 32 241 metric tonnes of grain to food-insecure populations as of June 15, 2024. The move comes as…
Staff Writer Treasury says food imports surged by 58.1% to US$433.5 million during the first half of 2024 compared to US$274.5 million recorded in the same period in 2023, driven by the El Niño-induced drought. The drought affected the 2022/23 agricultural season. According to the Ministry of Finance’s Mid-Term Budget and Economic Review, maize imports…
Staff Writer Finance Minister Mthuli Ncube says the agriculture sector is projected to contract by 21.2% this year down from the 4.9% initially projected, due to the severe than anticipated impact of the El Niño-induced poor rainfall outturn for the 2023/24 summer cropping season. The El Niño weather pattern, characterised by unusually warm ocean temperatures…
The United Nations Resident and Humanitarian Coordinator for Zimbabwe, Edward Kallon, concluded a two-day assessment of anticipatory action interventions aimed at mitigating the El Niño-induced drought in Buhera District. Kallon’s visit, which took place on July 23-24, was focused on evaluating the progress of projects funded by the UN Central Emergency Response Fund. The fund…
Staff Writer At least 57% of Zimbabweans are projected to face hunger during the peak of the 2024/25 consumption year, according to a new report. According to the Rural Livelihoods Assessment Report published recently, the economy in Zimbabwe has been negatively impacted by prolonged dry weather conditions due to El Niño. The El Niño weather…
