The rural electrification programme in Zimbabwe and other electrification projects in the region helped boost sales for BICCCAFCA which increased by 180 percent from $2.4 billion to $6.7 billion last year.
The economic revival plan announced by the government last month should be developed into a sustainable economic roadmap to uplift the country from the current crisis and restore both internal and external confidence so crucially needed to carry the day, one of the country’s leading banks, the Commercial Bank of Zimbabwe, says in its report for the year ending December.
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.