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Zimbabwe retailers warn of shutdowns due to exchange rate distortions

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BY WANDILE TSHUMA

Companies like TM Pick n Pay, OK, Halsteads, Electrosales, Edgars, and Metro Peach are warning that they may be forced to shut down due to exchange rate distortions and strict enforcement measures by the central bank.

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The retailers are being forced to use the official exchange rate, which is US$1 to ZiG14.8, but manufacturers are using parallel market rates of up to ZiG31 in some cases.

The Retailers Association of Zimbabwe said, “Suppliers of goods and services into the formal retail sector are now maintaining two tier price lists for local currency and another for foreign currency – whose implied rates are way higher than the obtaining official exchange rate… Our suppliers have expressed concern that they are faced with an acute foreign currency shortage and excessive volatility of ZiG exchange rates on the parallel/alternative market which has now become the basis of their pricing framework.”

This has caused retailers “massive losses,” and they’re trying to lessen the impact by making steep USD price increases. However, this leads to real USD inflation creep and other economic and social problems.

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The retailers are proposing to let the ZiG float freely to allow a “market determined exchange rate” and implement a pricing model that reflects real-time market exchange rate fluctuations.

They also want to offer discounts for customers buying in forex to attract payments in foreign currency.

The situation is clearly untenable, and the retailers are calling for policy measures to protect the formal retail sector.

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The gold-backed ZiG, which was introduced in April, has lost almost 80 percent of its value on the black market, and the central bank has injected US$64 million into the foreign exchange market to address dollar demand.

The retailers are hoping for a solution soon to avoid company closures.

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    September 24, 2024 at 10:32 am

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National

79 dead as floods hit communities

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BY STAFF REPORTER

As the Zimbabwe enters the peak of its rainy season from January to March, communities across the country are being urged to remain on high alert following the deaths of 79 people due to flooding and rain-related disasters since October last year.

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Speaking to the Herald newspaper, Department of Civil Protection Chief Director Nathan Nkomo said the department is closely monitoring the situation as more severe weather is expected in the coming weeks.

“We anticipate significant rainfall during this period. It’s crucial for everyone to stay informed and take necessary precautions,” Nkomo said.

According to the Department of Civil Protection, many of the deaths and injuries recorded since the start of the 2025/2026 rainfall season resulted from people attempting to cross flooded rivers and mining-related accidents, particularly involving artisanal miners operating near waterways.

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“The statistics reveal a worrying trend of fatalities and injuries during this rainfall season,” Nkomo said.

Infrastructure worth more than US$1 million has also been damaged, disrupting livelihoods and access to essential services in several communities.

In response, Government has released funding towards disaster management and emergency response through a coordinated, multi-sectoral approach, involving security services and other stakeholders as outlined in the Civil Protection Act. Nkomo said the initial tranche of funds has already strengthened rescue operations.

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“The money that was availed is not enough, but it is the first tranche. We are expecting another tranche from Treasury later this month to bolster our disaster response capabilities,” he said.

Authorities are urging communities to take an active role in disaster preparedness by monitoring weather forecasts, avoiding flooded areas, and implementing local emergency plans. Schools and community organisations have also been encouraged to conduct safety drills and ensure emergency procedures are well communicated.

With heavy rains expected to continue, officials warn that community vigilance and preparedness will be key in preventing further loss of life.

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SOURCE: HERALD

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Government warns farmers to step up tick control as January Disease threat looms

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BY STAFF REPORTER

The Ministry of Lands, Agriculture, Fisheries, Water and Rural Development has urged livestock farmers across Zimbabwe to heighten disease surveillance and tick control measures as the 2026 rainy season continues, warning of an increased risk of January Disease (Theileriosis).

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In a farmer advisory posted on the Ministry’s official Facebook page, authorities said the tick-borne disease spreads rapidly under warm and wet conditions and can decimate entire cattle herds if not effectively controlled.

The Ministry emphasised that weekly cattle dipping is mandatory during the rainy season, in line with Government policy to curb the spread of the brown ear tick, the primary carrier of January Disease. Farmers were urged to pay dipping levies, ensure correct acaricide dilution as per manufacturers’ instructions, and utilise spray races where possible for improved effectiveness.

In high-risk areas or during active outbreaks, farmers may be directed to follow a 5:5:4 dipping regime, involving more frequent dipping intervals. The Ministry also recommended the use of tick grease on sensitive areas such as inside the ears, the udder and under the tail.

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As part of broader prevention efforts, the Ministry said the locally produced BOLVAC vaccine is now available in increased quantities, with farmers encouraged to contact their local veterinary offices to access the vaccine.

Farmers were further advised to conduct daily inspections of their cattle and remain alert to early warning signs of January Disease, which include swollen lymph nodes, loss of appetite, breathing difficulties, frothing, watery or cloudy eyes, fever and general weakness.

The Ministry reminded farmers that all suspected cases or sudden cattle deaths must be reported to the Directorate of Veterinary Services within 24 hours, stressing that the movement of sick or tick-infested animals is prohibited as it contributes to the spread of the disease.

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Failure to comply with dipping regulations constitutes an offence under the Animal Health Act, with penalties that may include fines or arrest, the Ministry warned.

Farmers requiring assistance or wishing to report suspected cases were advised to contact their local Veterinary Extension Officer or the Ministry of Lands, Agriculture, Fisheries, Water and Rural Development.

“Prevention saves wealth,” the Ministry said, urging farmers to take proactive measures to protect their herds.

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Education ministry launches nationwide one laptop, one iPad per pupil program

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BY LWAZI SHOKO

Zimbabwe has launched a nationwide One Laptop, One iPad Per Pupil initiative aimed at bridging the digital divide and expanding access to technology in schools, Minister of Primary and Secondary Education Torerayi Moyo announced on X on Monday.

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The programme, being implemented in partnership with UNICEF Zimbabwe, will see the distribution of ICT equipment including laptops, tablets and projectors to schools across the country, with priority given to disadvantaged and solar-powered schools.

According to Minister Moyo, the initiative is designed to strengthen digital teaching and learning while promoting inclusive and equitable education. He said the programme seeks to ensure that all learners, regardless of geographic location or socio-economic background, have access to modern learning tools.

“As part of this initiative, I had the honour of presiding over the official handover of a major consignment of ICT devices,” Moyo said, adding that the resources would support the delivery of quality education and help prepare learners for a technology-driven future.

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The minister described the programme as a transformative step that goes beyond the provision of devices, framing it as an investment in equity, opportunity and long-term national development.

Moyo also paid tribute to President Emmerson Dambudzo Mnangagwa, crediting his leadership under Vision 2030 and the Presidential Computerisation Programme for driving innovation and public-private partnerships in the education sector.

“By placing a laptop and an iPad in the hands of every pupil, we are building the digital foundations of a knowledge-based economy,” he said.

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Lastly, expressed gratitude to UNICEF Zimbabwe and other development partners for their continued support, noting that the collaboration is key to building a more connected and future-ready education system.

 

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