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  • Zimbabwe targets US$15.8 billion agriculture output by 2030
    Business

    Zimbabwe targets US$15.8 billion agriculture output by 2030

    07/11/2025

    Zimbabwean agricultural output value is expected to grow 53 percent between now and the 2030/31 growing season. National planning documents project that the total sector worth will climb from $10.3 billion to $15.8 billion during this period. This expansion stems from increased production across multiple farming areas, including grains, fruits, fish, dairy, poultry and cattle…

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  • Castle Lager Braai Fest expands, brings fun to more cities
    Business

    Castle Lager Braai Fest expands, brings fun to more cities

    07/11/2025

    Castle Lager expanded its annual celebration significantly during 2025 by organizing gatherings across ten Zimbabwean population centers rather than focusing exclusively on the capital city. These regional events occurred weekly before the October 18 main festival, allowing residents in smaller communities to participate in activities featuring local musicians, traditional grilled meals, and the company’s signature…

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  • US job cuts hit 21-year October high as AI reshapes work
    Business

    US job cuts hit 21-year October high as AI reshapes work

    07/11/2025

    United States businesses eliminated 153,074 positions during October 2025, marking the highest monthly total for that period since 2003. Technology and warehousing industries led these reductions as artificial intelligence implementation and expense reduction efforts accelerated across multiple sectors. This figure represented nearly three times the job losses reported during the same month one year earlier….

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  • Cotton input rollout begins slowly for 2025-26 season
    Business

    Cotton input rollout begins slowly for 2025-26 season

    07/11/2025

    Zimbabwe aims to harvest 189,000 metric tons of cotton during the upcoming 2025/26 agricultural season, representing a dramatic increase from the previous year’s output. Input distribution began recently, though progress remains limited, with only two licensed companies actively supplying farmers across Manicaland and Masvingo provinces. Agricultural Marketing Authority data confirmed 1,315 growers received seed packages…

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  • Zimbabwe e-commerce market hits US$445 million milestone
    Business

    Zimbabwe e-commerce market hits US$445 million milestone

    07/11/2025

    Zimbabwe’s online retail industry expects to generate roughly $445 million during 2025, marking a substantial expansion for digital commerce nationwide. Better internet access and widespread mobile device adoption fuel this development, according to industry observers. Approximately 3.5 million residents now regularly participate in internet buying and selling activities, representing a quarter increase compared with twelve…

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  • Meta stock tumbles 17 percent as AI spending worries grow
    Business

    Meta stock tumbles 17 percent as AI spending worries grow

    07/11/2025

    Meta shares tumbled 17 percent over four days after the company projected capital expenditures reaching $72 billion this year, with even larger outlays planned for 2026. Investors drew comparisons to the firm’s previous heavy investments in metaverse technology that contributed to a major stock decline several years earlier. Chief executive Mark Zuckerberg defended aggressive spending…

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  • Afdis volume jumps 43 percent as crackdown boosts sales
    Business

    Afdis volume jumps 43 percent as crackdown boosts sales

    07/11/2025

    African Distillers reported substantial volume gains during the six months concluding September 30, 2025. Company leadership credited rising household purchasing power and enforcement actions against unauthorized alcohol products for the 43 percent increase. Wine sales led category growth at 59 percent, followed by ready-to-drink beverages at 47 percent and spirits at 36 percent. Market expansion…

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  • Zimbabwe tobacco exports dip as Far East demand wanes
    Business

    Zimbabwe tobacco exports dip as Far East demand wanes

    07/11/2025

    Zimbabwean tobacco shipments declined 7.2 percent during January through October 2025 compared with the previous year. Total export revenue reached $921 million, down from $992.6 million one year earlier. This reduction stemmed primarily from a significant drop in sales to Far Eastern countries, where demand weakened considerably. China led this regional market contraction. Shipments to…

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  • CZI sees ZiG inflation dropping to 20 percent by year-end
    Business

    CZI sees ZiG inflation dropping to 20 percent by year-end

    07/11/2025

    The Confederation of Zimbabwe Industries believes authorities can meet their goal of keeping annual inflation for the ZiG currency near 30 percent. October data showed year-over-year ZiG inflation fell dramatically to 32.7 percent from September’s 82.7 percent figure. This improvement followed three straight months of declining prices measured monthly. Industry analysts noted monthly price decreases…

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  • Strategy needs more than brainstorming or retreats to work
    Business

    Strategy needs more than brainstorming or retreats to work

    06/11/2025

    Corporate leaders who rely on brainstorming sessions during annual retreats risk missing critical elements needed for effective organizational planning, according to strategic management principles. These gatherings should represent the final stage of extensive preparation rather than serving as the primary forum where direction is determined. Brainstorming generates numerous concepts without applying judgment or analysis, making…

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