Browsing: government

President of Zimbabwe Emmerson Mnangagwa delivering his solidarity statement during the Southern African Development Community (SADC) Solidarity Conference) Heads of State and Government. www.theexchange.africa
  • Business and government relations in Zimbabwe are at an all-time low, the general economy slows down, and the value of the local currency tumbles
  • The government has had an adversarial relationship with businesses because of conflicting interests in Zimbabwe
  • The business stands accused by the government in Zimbabwe of sabotaging efforts to stabilise the economy by indexing the price of goods and services to a parallel market

Relations between the government of Zimbabwe and the business community have been at an all-time low.

After the central bank summoned retailers and manufacturers for the Sunday Mail, a Zimbabwean government publication called a “no holds barred” meeting slated to take place on Tuesday, July 19. The agenda of the meeting offers no end in sight to the frosty relations between the two parties. The Sunday Mail carried this story with the headline, “RBZ summons retailers, manufacturers”.

Even though the publication called the …

Stakeholders of agriculture on the continent have urged governments to work with the private sector to build resillient food systems to bridge the widening gap in production.

Speaking during the Alliance for a Green Revoluton in Africa (AGRA)  organized Africa Green Revolution Forum (AGRF) Summit last week, speakers reiterated that food security cannot be achieved without a gvernment facilitated enabling environemnt for agribusiness to thrive. 

The summit was held ahead AGRF ,  slated for September in Nairobi, where   leaders, while celebrating the milestones the agriculture sector has made over the years, called on enhanced collaboration in transforming the continent’s food systems  amid rising concerns over global food shortages owing to increasing population, shrinking land and climate change.

“As we look at innovative ways of producing food to feed our people, assist our farmers and bolsters agribusinesses, we must explore ways of working together to actualize this commitment. The partnership between

Africa is in transition driven by a growing workforce, increased stability and technology adoption which are transforming the continent’s economies.

These advances are making the continent less dependent on extractive industries since there is notable diversification.

According to EY Global, Africa is shifting from extraction and export of natural resources with investors now coming to Africa more for the promise of its people than its physical properties.

Read: Tanzania, Turning a new leaf: President Samia garners investors’ confidence

EY Global notes that long-term capital inflows have shifted away from petroleum and mining, with more investors focusing on telecommunications, retailing, and services. According to a database of new investments maintained by EY professionals, the extractive industries have only accounted for more than half of FDI once in the last seven years.

The trend is considerably more severe in Sub-Saharan Africa’s 46 jurisdictions. Extractives accounted for more than half of investment in …