Browsing: Zanzibar Economy

• Edwin Moyo, Zimbabwe’s horticulture industry magnate flies under the radar. He is unlike your typical successful Harare businessman. He is not bashful about his wealth or his influence and yet he is very influential.
• The entrepreneur made his mark in a number of ventures most notably horticulture. His success culminated in his operations at a farm in Zimbabwe’s eastern highlands called Kondozi.
• At its peak, Edwin Moyo’s Kondozi horticulture venture employed as many as 15,000 people and supported the local economy of Mutare.
• Kondozi exported fresh produce as far as Europe and Edwin Moyo managed to secure long term supply contracts with leading United Kingdom retailers like Tesco.
• Edwin Moyo’s experience in Zimbabwe is very telling of the culture of that country to persecute and to hound its most successful businesspeople and entrepreneurs.
• Kondozi is one of the farms that was forcibly taken over by the government under the guise

The central bank of Tanzania (BoT) released its monthly economic review for April 2021 and it analyzed Zanzibar economy performance rather closely, whereby inflation, government budget operations, imports and exports performance depicted moderate improvement.

Zanzibar is a semi-autonomous region of the United Republic of Tanzania, made up of two main isles Unguja and Pemba. There more than 1.7 million people in the archipelago.

The isles are mainly known for their exotic tourism landscapes and agricultural exports particularly spices.

However, the office of the Chief Government Statistician Zanzibar (OCGS) published an interesting consumer price index for April 2021. The report showed that Zanzibar annual headline inflation rate for the year ended April 2021, increased to 1.9 per cent compared to 1.5 per cent for the year ended March 2021.

Inflation developments in Zanzibar

According to the report, during March 2021, annual headline inflation declined to 1.5 per cent from 5 per …

Bank of Tanzania (BoT) monthly (November 2019) economic report has analyzed the economic development of Zanzibar, a semi-autonomous region of Tanzania, (an archipelago in the Indian oceans composed of several islands), highlighting various keys issues and developments particularly in managing inflation.

READ: Sector review: a glance at Zanzibar’s agricultural sector

Inflation

The report indicated that the headline inflation remained below the medium target of 5 per cent, same as the previous month of October, while Annual headline inflation was 2.4 percent in October 2019 compared with 3.7 percent recorded in October 2018 largely due to easing in non-food inflation.

On the same mark, the report indicated that twelve-month non-food inflation eased to 2.7 percent in October 2019 from 4.5 percent in the corresponding month of 2018 mainly due to a decline in prices of kerosene, diesel and petrol, while in October the inflation was moderated by prices of fish, rice, …