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Good news Bulawayo, NRZ signs $460 million DBSA loan

The National Railways of Zimbabwe (NRZ) has agreed to borrow $460 million from the Development Bank of Southern Africa to develop its unprofitable network that relies mainly on rolling stock acquired ...Read more

Good news Bulawayo, NRZ signs $460 million DBSA loan

24 July 2014 | 4325 Views
The National Railways of Zimbabwe (NRZ) has agreed to borrow $460 million from the Development Bank of Southern Africa to develop its unprofitable network that relies mainly on rolling stock acquired ...

by Reuters

John Love Motors shuts down

11 July 2014 | 4342 Views
JOHN Love Motors in Bulawayo yesterday closed shop after operating in the city for about 40 years amid indications the company has been facing financial difficulties.When a Chronicle news crew...

by Sifundiso Ndlovu

$400,000 for Bulawayo Rainbow Hotel refurbishment

07 July 2014 | 2149 Views
Rainbow Tourism Group (RTG) says it has set aside at least $400,000 to refurbish the Bulawayo Rainbow Hotel. The refurbishment follows similar exercises at Rainbow Towers and the Kadoma Hotel and ...

by Staff reporter

Govt failed Dimaf says Minister of Industry

03 July 2014 | 1057 Views
AT LEAST 48 companies have accessed the Distressed Industries and Marginalised Areas Fund (Dimaf), but government has failed to put its share to the pool of resources meant to assist ailing companies,...

by Business Reporter

$10 salary for Marvo employees

02 July 2014 | 4674 Views
TROUBLED Bulawayo firm Marvo Stationery Manufacturers has paid its workers $10 each after going for 18 months without salaries, it emerged yesterday.The disgruntled workers told Southern Eye B...

by Staff reporter

CSC in bid to tap into the Angolan beef market

22 June 2014 | 2353 Views
THE Cold Storage Company (CSC) says it plans to tap into the Angolan beef market as it plots ways to escape from crippling financial problems.CSC's marketing director Isiah Machingura told Sou...

by Staff Reporter

Power Sales shuts down 29 stores

20 June 2014 | 8061 Views
BULAWAYO-BASED leading clothing retailer Power Sales has closed 29 shops across the country in recent months due to the tough operating environment, an official confirmed yesterday.Power Sales...

by Staff reporter

10 companies closing down every month

19 June 2014 | 4141 Views
AT least 10 firms have been closing down every month since the beginning of the year, a senior official from the National Social Security Authority (NSSA) disclosed. According to the Financial...

by Staff Reporter

Salary deadlock at Ingwebu Breweries

14 June 2014 | 3417 Views
SALARY negotiations at Ingwebu Breweries have reached a deadlock as workers are demanding a monthly pay of $540 for the lowest paid worker while management is only prepared to maintain last year's...

by Staff reporter

Most influential young Zimbabweans speak on nomination

13 June 2014 | 9585 Views
The top two young Zimbabwean entrepreneurs have reacted to their being announced by Dindingwe Media as occupants to the top spots ahead of religious icons Emmanuel Makandiwa and Prophet Eubert Ang...

by Matthews Estell

Bulawayo shoe company plans regional expansion

01 May 2014 | 4215 Views
BULAWAYO company Shoepack, trading as Pathfinder, one of the few remaining thriving shoe manufacturing companies in the city, hopes to expand into the regional market once recapitalisation funds have...

by Factmore Dzobo

Zimbabwe tops in informal trade - Minister

30 April 2014 | 3709 Views
The Minister of Small to Medium Size Enterprises and cooperative developments, Mrs Sithembiso Nyoni has indicated that Zimbabwe was recently given a World Bank Award for being the country with the...

by Staff Reporter

Datlabs starts exporting

30 April 2014 | 3625 Views
Pharmaceutical and personal care products manufacturer, Datlabs has started exporting its body moisturising cream, CamphaCare cream to South Africa and will next month send another consignment to Ken...

by Staff reporter

Bulawayo company testifies on 30% gains made at ZITF

27 April 2014 | 2954 Views
ONE of Bulawayo companies - Stop to Start International - has seen business related to its participation at the Zimbabwe International Trade Fair grow by 30 percent since last year.Company...

by Business Reporter

Thousands throng ZITF

26 April 2014 | 2870 Views
Thousands of people thronged the Zimbabwe International Trade Fair (ZITF) in Bulawayo yesterday as the fair opened to the public.The trade fair which started on Tuesday and ends today, is runn...

by Staff Reporter

Steward Bank opens Bulawayo branch

25 April 2014 | 3560 Views
STEWARD Bank, the country's largest bank by accounts, is gearing to spearhead the revival of Bulawayo's manufacturing sector and ensure it regains its industrial hub of Zimbabwe status.  ...

by Staff reporter

'Zisco, NRZ to spur Bulawayo revival'

25 April 2014 | 3602 Views
THE resuscitation of the defunct Ziscosteel and the tottering National Railways of Zimbabwe (NRZ) will spur the revival of ailing and closed companies in Bulawayo, a Cabinet minister has said....

by Staff reporter

Govt exploring various initiatives to fund ZIM ASSET projects

23 April 2014 | 2663 Views
Vice President Joice Mujuru says the government is exploring various initiatives to fund projects under the 5-year ZIM ASSET economic policy crafted to achieve sustainable development on the socio-ec...

by Staff Reporter

Mujuru fails to turn up for ZITF keynote speech

23 April 2014 | 5258 Views
Vice President Joyce Mujuru failed to turn up at the Zimbabwe International Trade Fair Business Conference where she was scheduled to give a keynote speech today. Her speech was read by seni...

by Staff Reporter

ZITF marred by power cuts

22 April 2014 | 3020 Views
The opening day of the Zimbabwe International Trade Fair was marred by erratic power supplies much to the chagrin of exhibitors. It could not be established why there was a series of power cut...

by Staff Reporter

19 countries exhibiting at ZITF

22 April 2014 | 2995 Views
Nineteen countries are exhibiting at this year's Zimbabwe International Trade Fair up from 16 last year.ZITF company general manager Noma Ndlovu said the countries are namely Botswana, Bra...

by Staff Reporter

Bulawayo hotels fully booked for ZITF

15 April 2014 | 3388 Views
With about a week to go before the start of the Zimbabwe International Trade Fair, most hotels in Bulawayo are reported to be fully booked for the duration of the annual trade showcase.In an i...

by Staff reporter

Chinese take more space at ZITF

13 April 2014 | 2218 Views
China is the largest foreign exhibitor at this year's edition of the Zimbabwe International Trade Fair (ZITF), which is expected to attract more participants compared to previous years. Chinese exhibi...

by Business Reporter

South Korean companies keen to invest in Zimbabwe

12 April 2014 | 3035 Views
South Korean companies are keen to invest in Zimbabwe and strengthen the bilateral relations existing between the two countries, outgoing Seoul ambassador to Harare Mr Kwang-Chul Lew said yesterday. ...

by Staff Reporter

Govt engages Comesa on Bulawayo industry resuscitation

08 April 2014 | 2721 Views
The Common Market for Eastern and Southern Africa (Comesa) has recommended that Government should rejuvenates economic enablers such as electricity, water, infrastructure and coal if Bulawayo is going...

by Staff reporter

Zimbabwe bans imports of fresh fruits and vegetables with immediate effect

02 April 2014 | 6470 Views
Harare - Zimbabwe has banned imports of fresh fruit and vegetables with immediate effect, the agriculture ministry said on Wednesday, arguing that increased local production will meet domestic demand....

by Reuters

Temporary shortage of Ingwebu beer

23 March 2014 | 2682 Views
INGWEBU Breweries yesterday said its one-litre Shake It sorghum beer was in short supply due to shortage of packaging material."Due to challenges in the supply chain, we regret to advise t...

by Staff Reporter

Mixed reactions towards salary cuts for CEOs

20 March 2014 | 4383 Views
The slashing of salaries for CEOs leading parastatals and local authorities is expected to have a positive economic impact in the long term. This, h...

by Staff Reporter

Ascot Shopping Centre undergoing massive renovation

17 March 2014 | 4046 Views
PLANS are underway to turn Ascot Shopping Mall into a one-stop shop as its owners aim to boost business at the centre, an official has said.The mall, along the Bulawayo-Johannesburg Road next...

by Staff reporter

ZSE comes to Bulawayo

13 March 2014 | 2728 Views
THE ZIMBABWE Stock Exchange (ZSE) is conducting investment awareness seminars for Bulawayo university students in a bid to make them appreciate how the local bourse functions.ZSE officials yes...

by Staff reporter

Ingwebu Breweries to introduce amahewu

12 March 2014 | 2749 Views
INGWEBU Breweries plans to introduce a new product sometime this year in a bid to diversify its products and increase the market base.In an interview yesterday, Ingwebu managing director ...

by Staff reporter

$8 billion needed for Bulawayo industry revival

09 March 2014 | 2660 Views
Industry and Commerce minister Mike Bimha says local companies require $8 billion for re-tooling to bring them back to life as it emerged the fund meant for resuscitating distressed industries has fai...

by Staff reporter

Hawkflight Construction invests $2m in equipment

09 March 2014 | 3452 Views
ONE of the country's leading land and property developers, Hawkflight Construction invested about $2 million last year in the acquisition of state-of-the-art machinery as it forges ahead in consolidat...

by Dumisani Nsingo

Pasta plant to be opened in Bulawayo

04 March 2014 | 4353 Views
Cairns, the agro-processing firm, currently under judiciary management, plans to revive its Bulawayo pasta producing plant before year-end, subject to availability of investment funds, a senior compan...

by Staff reporter

Improved foreign interest for ZITF 2014

03 March 2014 | 2465 Views
The 55th edition of the Zimbabwe International Trade Fair to be held from 22-26 April 2014 has attracted an improved interest from foreign nations as compared to last`s conference, said Bhekithemb...

by Staff reporter

ZITF goes digital

27 February 2014 | 4149 Views
THE Zimbabwe International Trade Fair (ZITF) will this year emphasise on digitalisation, a smart technological and convenient move to conduct business with its exhibitors and visitors, ...

by Lulu Brenda Harris

ZITF exhibition dates moved forward

18 February 2014 | 4683 Views
THE Zimbabwe International Trade Fair (ZITF) has today made a shock announcement that it has moved forward the dates of this year's 55th exhibition.ZITF had been marketing the premier exhibiti...

by Staff Reporter

Industrialists, Diplomats tour Byo Industries

13 February 2014 | 3033 Views
INDUSTRIALISTS and diplomats from the SADC region yesterday toured Bulawayo industries with a view of creating potential investment and understanding how these companies are operating in the midst of ...

by Lulu Brenda Harris

CBZ Bank to phase out manual cash withdrawals

08 February 2014 | 12009 Views
Zimbabwe's largest commercial bank, CBZ Bank will with effect from next month phase out manual cash withdrawals, the bank said in a statement.Effectively, no one would be allowed to withdr...

by Business Reporter

Mine explosion injure 10 workers at Old Nic Mine

30 January 2014 | 3817 Views
About 10 miners at Old Nic Mine in Bulawayo have reportedly been seriously injured due to an explosion at the mine this morning.Initial reports say the miners have been rushed to a hospital fo...

by Staff reporter

Bulawayo industries won't re-open, says Zanu-PF

27 January 2014 | 5965 Views
Zanu-PF House of Assembly representative for Kwekwe constituency Masango Matambanadzo  has vowed that no single closed factory in Bulawayo will re-open as they are owned by whites.Contrib...

by zimbabwefocus

Ingwebu Breweries sales increase by 10%

21 January 2014 | 2210 Views
INGWEBU Breweries recorded a 10 percent increase in sales during the festive season when the company was running a promotion to celebrate its 100 years of service and excellence.Speaking at th...

by Business reporter

Bulawayo industries revival efforts stepped up

19 January 2014 | 3248 Views
The government is forging ahead with the setting up of the Bulawayo Special Economic Zone, amid revelations that the process of amending legislation for the initiative to take effect has started....

by Staff reporter

Bulawayo retailers criticised for armed robberies

08 January 2014 | 6010 Views
BULAWAYO retailers who were recently hit by a spate of armed robberies, have been criticised for installing poor quality security systems with no capacity at all to assist police during investigation...

by Staff Reporter

Zim platinum miners get ten days for refinery plans

08 January 2014 | 2550 Views
ZIMBABWEAN authorities have given platinum miners 10 days to submit proposals to build a refinery by the end of the year.State media reported Wednesday that mines ministry official Francis Gud...

by AP

Govt pledges support for ailing Bulawayo industries

08 January 2014 | 3293 Views
Industry and Commerce minister Mike Bimha said government has pledged support for the ailing Bulawayo industries reeling from massive de-industrialisation for the past decade.Bimha said: "Gove...

by Staff Reporter

Mock mall fails to attract businesses

05 January 2014 | 6083 Views
A MOCK mall set up by the Bulawayo City Council (BCC) in honour of the late Vice-President Dr Joshua Nkomo in the central business district (CBD) in December last year, failed to attract businesses wi...

by Staff Reporter

Troubled Bulawayo firms unlikely to open anytime soon

05 January 2014 | 4143 Views
SOME troubled Bulawayo firms are unlikely to open anytime soon due to the prevailing difficult economic environment, 'The Standard' reported on Sunday.Some companies in Bulawayo sent workers h...

by Business Reporter

Liquor and Food outlets the only investments for Gwanda

26 December 2013 | 3638 Views
Staff ReporterThe small mining town of Gwanda seems to be only attracting investments into beer drinking spots and food outlets.The town meant to be the Provincial Capital of Mateb...

by Staff Reporter

OK opens a Bon Marche branch in Bulawayo

18 December 2013 | 4804 Views
OK Zimbabwe Limited announces the opening of its Bon Marche branch in Bulawayo's Parklands suburb on 18 December 2013, bus...

by Staff reporter
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