Zimplow continues to make record profits though erratic rains over the past three seasons have changed the spending patterns of rural farmers as they are finding it increasingly difficult to meet the ever-escalating prices of agricultural implements.
Zimbabwe’s economy has been shrinking by 1 percent every month over the last three years so companies require more innovation to perform well, Barbican Holdings, which was listed on the Zimbabwe Stock Exchange in November says in its annual report for the year ending December.
Information Minister Jonathan Moyo says the government may amend the country’s controversial media laws which have been condemned worldwide because they are repressive and are currently being contested in the courts by the Independent Journalists Association and the Associated Newspaper Group of Zimbabwe, publishers of the country’s largest circulation newspaper, the Daily News.
While most people are reeling from the effects of high inflation, the consumptive spending it is promoting saw sales of liquor company African Distillers soar by 271 percent surpassing those for the entire year which ended in June.
Botswana and Zimbabwe are separated by a small, usually dry stream and people along the borders of the two countries even share the same language, but they are worlds apart.
Fast food giant, Innscor, is operating below capacity because of a shortage of flour but its food division saw sales increase by 223 percent and the company as a whole had sales of $23.8 billion in the six months to December, $5 billion more than the total sales for the year ending June when its turnover was $18.4 billion.