Economy

Recently, property development and investment organization Mashonaland Holdings Limited published a trading update spanning the first quarter. It established a few problems that were severely limiting the industry of real estate. These conditions have further deteriorated due to the outbreak of the pandemic of Novel Coronavirus. The organization states that the sharp and consistent fall in buying capacity...

Real estate sector in Africa has been experimenting an impressive growth. On average, 10,000 accommodations miss each year in most of these countries, and despite some governmental endeavors, the shortfall is still important. According to several studies, African population is going to increase over threefold during the next 40 years. This demographic growth will inevitably go with a strong development...

In March 2017, the American magazine Fortune ranked Strive Masiyiwa, 56 years old, as the 33th out of 50 biggest leader in the world. The list gathered personalities coming from the world of arts, politics, or business. Mr. Masiyiwa is famous for being the richest man in Zimbabwe with more than 600 million dollars in 2016. He is the founder of the Econet group, which is settled in South Africa and...

The government of Zimbabwe has made plans to initiate measures that are aimed at improving, capacitating and resuscitating its tourism sector. Planned measures include changes in visa acquirement which will be issued at entry ports and construction of new airports while remodeling old ones. The government also plans to establish speedy clearance of immigration processes. Retired General Dr. Constantino...

Zimbabwe needs approximately $1.5 billion yearly going into the infrastructure development sector to stimulate its economic growth.  Minister for Finance and Economic Planning, Patrick Chinamasa said that it is essential for the Government to invest in improving infrastructure which will kick-start Zimbabwe’s economy. Addressing parliament, Minister Chinamasa said that the government should reserve a...

The economic situation of Zimbabwe requires the input of all citizens. Let none shy and say the decision remains with the government officials and advisors. It calls for solutions beyond the political arena. Many potholes should be patched, and we should not assume that the leaders have all the solutions. Who knows that what an ordinary Zimbabwean citizen thinks might deliver great impact to the people?...

Investors have something to give them hope on the journey to 2018. A report released by the International Monetary Fund (IMF) on sub-Saharan countries says that the economy is expected to grow from 2.6% in 2017 to 3.4% in 2018. The growth is lower than the previous years where it was noted that between 2004 and 2011 there was a growth of 6.2% but with a significant increase realized in 2007 which was 7.6%....