economy

Nigeria and UAE (United Arab Emirates) are now eyeing the real estate sector in Zimbabwe. This opportunity is exciting since it's one of the first investments made after the COVID-19 lockdown. Various companies from the United Arab Emirates and Nigeria have submitted proposals for promising projects that they expect to begin in Zimbabwe's real estate sector. This exciting move by foreign investors will...

The auction system of foreign currency by the Zimbabwe Reserve Bank (RBZ) has still not created much activity in the real estate sector and still has a noticeable impact. This was observed by the Real Estate Institute of the country (REIZ). Observers were to respond by blaming it on the economy as a general or simply a delayed response by the sector. The inflation rate has been reaching new heights in...

This coming year is expected to be Zimbabwe’s tourism bustling year as the country plans to unveil several unique attractions. Tourism is expected to grow due to the ban of police roadblocks on most of the roads which were unattractive to self-driving visitors in the past. According to the chief executive officer of Rainbow Tourism Group, Mr. Tendai Madziwanyika, Zimbabwe is expected to flourish in...

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...

It was a relief for white farmers who are set to be given leases of up to 99 years just as their black counterparts. During his inauguration, President Emmerson Mnangagwa promised that his government was going to foresee that white farmers would be compensated for their lost properties. The white farmers had their land forcefully taken under previous president Robert Mugabe regime in the controversial land...

Housing is one of the primary needs of any human being worldwide. Reports from Senior Property states that it’s challenging to purchase a house in Zimbabwe due to the high cost of settling the mortgage loan. Research shows that for one to acquire the least newly build the house in the urban, one has to pay $99 per month to settle the loan. The Housing Finance Africa depicts that, for one to have a new...

Zimbabwe moved from 161 to 159 in the World Bank rankings. Its rise has been attributed to improvements in the ease of setting up a new business. The World Bank rankings also measure aspects of regulation affecting eleven areas of the life of a business, ten of which are included in this year’s ranking on the ease of doing business: Starting a business Dealing with construction permits...