Zimbabwe Roundup: Botswana collaboration, press freedom, investments
Stagnation in the manufacturing sector
The Confederation of Zimbabwe Industries (CZI) annual survey shows a stagnation in the manufacturing sector's performance, with declining capacity utilisation and contribution to GDP. According to The Zimbabwe Mail, despite increased investments, output has not risen. Manufacturers expressed concerns about the economic outlook and trade readiness, with doubts about competing effectively in the global market. Strategic interventions are needed to revitalise the sector.
Zimpaper ranked among the top 200 superbrands
Zimbabwe Newspapers Limited (Zimpapers) has three brands, including The Herald and Star FM, ranked among the country's Top 200 Superbrands. According to the Marketers Association of Zimbabwe, these brands are positively impacting the lives of consumers and have been dominating the market. The Herald adds that the Top 20 brands will be announced at the end of the year after further research.
Botswana collaborations
Zimbabwe and Botswana are strengthening their relations through economic diplomacy, leading to increased trade and regional integration. Despite illegal sanctions, the two countries are focused on self-reliance and empowerment. According to The Herald, the emphasis is on economic creativity, food security, and empowering young people and rural women. Both countries are working towards becoming regional trade and investment centres. The Botswana Ambassador promised to continue pursuing cooperation and partnership between the two countries.
World Press Freedom Day
MISA Zimbabwe marked World Press Freedom Day with a focus on the environmental crisis. The organisation highlighted the media’s role in raising awareness and addressing urgent environmental challenges, such as climate change and deforestation. They emphasised the importance of using media platforms to empower communities, hold decision-makers accountable, and advocate for sustainable policies, The Herald reports.
Investment pull
Zimbabwe's Finance Minister, Professor Mthuli Ncube, will lead the Capital Markets and Investment Promotion Conference in London next month. The event aims to attract foreign capital and showcase investment potential in various sectors. The Zimbabwe Mail reports that the conference will feature presentations from industry representatives and companies listed on the Victoria Falls Stock Exchange, with a focus on creating strategic partnerships and attracting institutional investors. The goal is to position Zimbabwe as a promising investment destination and drive sustainable growth and development.
