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Supermarkets to be blacklisted over cooking oil
The Chief Executive Officer of United Refineries Busisa Moyo has revealed that they will be blacklisting retailers who are buying cooking oil in bulk from them and hoarding it instead of selling it t...Published: 05 Nov 2018 at 11:11hrs | 4753 | by Mandla Ndlovu
Mnangagwa confronted over Lumumba
President Mnangagwa yesterday held candid discussions with captains of industry, retailers, bankers and consumers with a view to locate challenges and possible solutions to problems faced in prod...Published: 30 Oct 2018 at 05:51hrs | 22189 | by newzimbabwe.com
Brand Zimbabwe a hard sell, says business leaders
Former Confederation of Zimbabwe Industries president Busisa Moyo says Brand Zimbabwe is still a work in progress and is facing challenges that require a collective effort to surmount."The pro...Published: 30 Oct 2018 at 05:28hrs | 999 | by Staff reporter
Zimbabwe producers in panic mode, rush to offload stockpiled goods
Some manufacturers of basic commodities are reportedly in panic mode, amid indications they are now desperate to immediately off-load the products they have been allegedly stockpiling in the last few ...Published: 28 Oct 2018 at 09:05hrs | 6460 | by Staff reporter
Zimbabwe companies expected to close shop, massive job losses loom
The lifting of a protectionist policy introduced by former president Robert Mugabe's regime last year to promote local production could see companies closing shop, resulting in massive job losses, ind...Published: 25 Oct 2018 at 14:09hrs | 3174 | by Staff reporter
Sugar, cooking oil flood black market
The parallel market for basic commodities is flourishing again in Bulawayo as shortages blamed on a controversial government tax on electronic money transactions and foreign currency crisis worsens th...Published: 21 Oct 2018 at 09:43hrs | 939 | by Staff reporter
Agricultural productivity a panacea to Zimbabwe's economic revival
Zimbabwe's economy is hinged on agriculture which feeds a number of downstream industries that process agricultural produce into various foods for both humans and livestock. The revival of this sector...Published: 16 Oct 2018 at 15:15hrs | 627 | by Elijah Chihota
Retailers rip off panic-stricken consumers
Retailers reportedly ripped off panic-stricken consumers by arbitrarily hiking the cost of basic commodities despite getting supplies from manufacturers at normal prices.Moreover, tariffs for ...Published: 14 Oct 2018 at 08:08hrs | 1810 | by Staff Reporter
Mthuli Ncube fuelled parallel market rates, price increases
UNCERTAINTY hangs over the future of bond notes and real time gross settlement (RTGS) transfers, as more businesses are rejecting the two payment methods and the economy is effectively re-dollarising....Published: 11 Oct 2018 at 18:20hrs | 5027 | by Staff reporter
Cooking oil producers say supply is adequate
At a time the country is battling cooking oil shortages, oil producers say they have sufficient crude oil to meet demand.United Refineries, the edible oils producer said it received close to 1...Published: 11 Oct 2018 at 06:45hrs | 1773 | by Staff reporter
'Rand answer to Zimbabwe export competitiveness'
ZIMBABWE needs to adopt a soft currency like the South African rand as reference exchange money to become competitive and attract the much-needed foreign direct investment, economics researcher and bu...Published: 08 Oct 2018 at 06:16hrs | 2349 | by Staff reporter
Outcry over Mthuli Ncube's new tax regime
CAPTAINS of industry and ordinary consumers yesterday implored Government to reconsider its new tax regime saying it will increase the cost of production and add more burden to citizens. Annou...Published: 03 Oct 2018 at 07:21hrs | 583 | by Staff reporter
Fixing Zimbabwe doable but ‘very hard', experts say
THE job to rebuild Zimbabwe's broken economy is achievable, although it will take time and sacrifice from all stakeholders, analysts and Reserve Bank of Zimbabwe governor John Mangudya say.Thi...Published: 27 Sep 2018 at 14:05hrs | 800 | by Staff reporter
Black market rates soar
The bond note has continued to lose ground on the black market, with rates reaching a staggering 100 percent to the United State dollar yesterday.Last week, the bond was trading below 90 perce...Published: 15 Sep 2018 at 21:53hrs | 4480 | by Staff reporter
Zimbabwe urgently needs $4bn bailout package
Zimbabwe needs up to $4 billion to avert a looming currency crisis that could unleash economic havoc, with the new Cabinet urged to take tough decisions to increase confidence in the economy.P...Published: 09 Sep 2018 at 17:08hrs | 614 | by Staff reporter
Industrialist defends bond notes
INDUSTRIALIST and United Refineries chief executive officer Mr Busisa Moyo has defended the bond note, saying the surrogate currency has never been a problem for business.Writing on his Twitte...Published: 23 Jul 2018 at 06:46hrs | 296 | by Staff reporter
United Refineries Limited adopts food fortification
GIANT agro-processor United Refineries Limited (URL) has adopted food fortification as part of its long term business model in keeping with the country's nutrition policy and global trends.Foo...Published: 28 Jun 2018 at 07:03hrs | 295 | by Staff reporter
Govt, industry to meet quarterly
GOVERNMENT has agreed to convene regular meetings with the private sector to discuss issues affecting business in order to unlock economic growth.Responding to a question from the Confederatio...Published: 02 May 2018 at 07:01hrs | 296 | by Staff rpeorter
Trade fair shows signs of recovery
THE Zimbabwe International Trade Fair (ZITF) - considered a barometer of the health of the economy - is showing signs of recovery after years in the doldrums due to prolonged economic problems, a seni...Published: 27 Apr 2018 at 10:11hrs | 1383 | by Staff Reporter
'Chart path towards Zimdollar return'
GOVERNMENT should start developing a clear monetary plan for the introduction of local currency at the appropriate time when necessary measures have been put in place, an official said yesterday....Published: 25 Apr 2018 at 07:00hrs | 356 | by Staff reporter
Forex shortages choking industry growth
The continued shortage of foreign currency is making it difficult for industries to import raw materials for use in their production processes, hampering the growth of manufacturing in Zimbabwe, exper...Published: 23 Apr 2018 at 06:55hrs | 291 | by Staff reporter
Mnangagwa's vision 2030 gets the nod
Zimbabwe's vision to become a middle-income economy by 2030 is achievable if the government invests in productive sectors and implement policies that encourage investment as well as entrepreneurial de...Published: 15 Apr 2018 at 19:04hrs | 1583 | by Staff reporter
Bulawayo wants city-headquartered bank
A NUMBER of business leaders in Bulawayo are planning to come together and form a bank, headquartered in the city, for the benefit of the industry.Speaking at the Bulawayo Investment Conferenc...Published: 26 Mar 2018 at 06:55hrs | 3041 | by Staff reporter
'Bulawayo can achieve $9.4 billion GDP'
BULAWAYO has the potential to achieve $9.4 billion Gross Domestic Product (GDP) alone by 2030 if captains of industry and other stakeholders engage each other and implement resolutions aimed at boosti...Published: 26 Mar 2018 at 06:42hrs | 1028 | by Staff reporter
Externalisation: Mnangagwa gropes in the dark
GOVERNMENT will find it difficult to prosecute corporates and individuals it accuses of illegal externalisation of money as questions arise over the legal framework and the prosecutability of the offe...Published: 23 Mar 2018 at 12:25hrs | 841 | by Staff reporter
United Refineries adds vegetable juice to range
BULAWAYO giant cooking oil manufacturer, United Refineries Limited (URL), has added vegetable juice manufacturing to its wider product mix as it diversifies operations.The agro-processing firm...Published: 15 Mar 2018 at 06:06hrs | 400 | by Staff reporter
Bulawayo sets up Special Economic Zones committee
BULAWAYO has set up a committee to drive implementation of Special Economic Zones (SEZs) model in the city as part of efforts to lure investors and revive ailing industries.The city has alread...Published: 17 Dec 2017 at 23:11hrs | 1683 | by Staff Reporter
Bulawayo's pleas to Mnangagwa
THE BULAWAYO business community has urged the new government led by Emmerson Mnangagwa to come up with deliberate policies that will ensure that the city returns to its former industrial hub status....Published: 03 Dec 2017 at 08:27hrs | 927 | by Staff reporter
Busisa Moyo among the best minds we have in Zimbabwe
Zimbabweans are hard working people. They thrive by all means to make a living . We have young and old people who can bring the glory/light of our nation which will be not hide from other nations, as ...Published: 16 Oct 2017 at 15:30hrs | 3751 | by Enos Denhere
Bulawayo on the rebound
After decades of progressive decay, signs of recovery have started to show for Bulawayo's beleaguered industry as factories where birds had come to roost begin to rise out of their slumber.The...Published: 15 Oct 2017 at 12:19hrs | 722 | by Staff reporter
Zimbabweans are Innovative and thrive by all means to get a living
Zimbabweans are hard working people .They thrive by all means to make a living . We have young and old people who can bring the glory/light of our nation which will be not hide from other nations , as...Published: 12 Oct 2017 at 16:13hrs | 201 | by Enos Denhere
RBZ turns screws on cooking oil producers
The Reserve Bank of Zimbabwe (RBZ) is mulling plans to stop allocating foreign currency to cooking oil manufacturers to force them to acquire raw materials locally.The plan comes as the econom...Published: 24 Sep 2017 at 08:52hrs | 743 | by Staff reporter
Bulawayo 'lacks' creative entrepreneurs, says Moyo
INDUSTRY expert and United Refineries chief executive, Mr Busisa Moyo, has challenged Bulawayo entrepreneurs to "soul search" and come up with creative business ideas that will help develop the city's...Published: 29 Aug 2017 at 06:18hrs | 314 | by Staff reporter
Zimbabwe cooking oil over-priced for export
DESPITE the growing supply of cooking oil on the domestic market, producers are finding it difficult to tap into export markets due to un-competitiveness of the commodity.Oil Expressers Associ...Published: 08 Aug 2017 at 23:52hrs | 1013 | by Staff Reporter
Zimbabwe is a broken society, says Moyo
Former Confederation of Zimbabwe Industries (CZI) president Busisa Moyo has said Zimbabwe is now a broken society due to lack of unity and dialogue.He accused authorities of introducing polici...Published: 01 Jul 2017 at 12:48hrs | 287 | by Staff reporter
Import ban on locally-available products remains
GOVERNMENT says the tenure of Statutory Instrument (SI) 64 of 2016 is dependent on a report from the Ministry of Industry and Commerce's Evaluation and Monitoring Committee which had been tasked to ex...Published: 23 May 2017 at 06:43hrs | 264 | by Staff reporter
Zimbabwe banks reject rand adoption
Zimbabwean banks say adopting the South African rand will not help solve the country's economic challenges.Addressing delegates at the two-day Financial Markets Indaba in Harare last week, Bar...Published: 22 May 2017 at 15:24hrs | 4476 | by Staff reporter
Beitbridge-Harare Road to create 300 000 jobs
THE dualisation of Beitbridge-Harare and Harare-Chirundu highways is expected to create over 300 000 jobs, contributing significantly to Government's efforts of creating two million jobs in line with ...Published: 20 May 2017 at 12:19hrs | 460 | by Staff reporter
'Dollars, rands can't save Zimbabwe'
As the national debate the about the benefits of Zimbabwe adopting the South African rand as its anchor currency continues to rage, former Finance minister Tendai Biti says the discourse is futile as ...Published: 19 May 2017 at 07:52hrs | 1326 | by Staff reporter
Zimdollar return to be anchored by gold reserves
Government is working on a plan to establish a gold reserve set to anchor the introduction of a local currency when the right time comes for the return to the Zimdollar, it has been learnt.Thi...Published: 16 May 2017 at 06:35hrs | 756 | by Staff reporter
Debate on the rand gathers momentum
As the country's economy continues to die, and cash shortages worsen, the debate on the need or otherwise for Zimbabwe to embrace the South African rand as the country's anchor currency is gathering m...Published: 15 May 2017 at 13:55hrs | 1144 | by Staff reporter
Zimbabwe business leaders push for Randisation
Zimbabwe's business leaders want Government to evoke the law in order to enforce economy-wide use of the South African rand and end cash shortages.An in-house discussion paper by the Confedera...Published: 14 May 2017 at 15:08hrs | 364 | by Staff reporter
Zimbabwe cries for rands
With the current acute cash crisis worsening by the day, experts have made renewed calls for the country to adopt the South African rand as Zimbabwe's anchor currency, to stem an impending economic im...Published: 10 May 2017 at 07:15hrs | 3262 | by Staff reporter
List of future interim government ministers and president suggested on social media
The zeal by Zimbabwean citizens to see things change for the better in the near future has seen a proliferation of suggestions for who should hold the interim government ahead of a democratic elected ...Published: 19 Apr 2017 at 08:15hrs | 2684 | by Stephen Jakes
Skyz Metro FM commissions state-of-the-art studios
BULAWAYO's first commercial radio station, Skyz Metro FM, commissioned its state-of-the-art studios yesterday morning live on Vuka Vuka morning breakfast show, which was hosted by Babongile Sikhon...Published: 04 Apr 2017 at 06:31hrs | 575 | by Staff reporter
Fired workers to be re-instated
THOUSANDS of workers who were retrenched when most companies embarked on massive job layoffs in the last two years are set to be re-engaged mainly in agro-processing companies that are gearing for...Published: 19 Mar 2017 at 07:38hrs | 378 | by Staff reporter
Date set for Bulawayo Arts awards
THE much anticipated inaugural Bulawayo Arts Awards (BAA) have been launched with the awards ceremony set for June 30 at the Large City Hall.The BAAs to honour the efforts of artistes from...Published: 17 Mar 2017 at 06:05hrs | 261 | by Staff reporter
US dollar creates more problems for Zimbabwe
The Reserve Bank of Zimbabwe (RBZ) deputy governor Dr Khuphukile Mlambo said the decision to use the United States dollar as the main currency despite the multi currency regime had created a lot o...Published: 11 Mar 2017 at 10:00hrs | 5556 | by Staff reporter
US$ shortages give rise to cash discounts
ZIMBABWE's cash-selling practice is evolving with a growth in cash premiums and discounts offered for goods and services as companies struggle to raise foreign currency to import raw materials....Published: 05 Feb 2017 at 07:51hrs | 482 | by Staff reporter
Companies reduce working hours
As the foreign payments backlog grows, some local companies have started reducing workings hours due to shortage of raw materials, industrialists and employees have said. Confederation of ...Published: 02 Feb 2017 at 06:18hrs | 796 | by Staff reporter
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