Search / Dimaf
Marvo Stationery saga rages on...10 years later
The Marvo Stationary case continue to drag on and on, with new twists and turns. Since the company was sold to Mahlongonono Valela and his partners, following the death of Mr. Kates the original owner...Published: 25 Apr 2023 at 13:14hrs | 12 | by Nkululeko Nkomo
75% of Bulawayo's industrial plants idle
THE battle to reposition Bulawayo as the heartbeat of Zimbabwe's industries appears to be hitting a brick wall.Just when national manufacturing output is reportedly rising, Bulawayo's industri...Published: 21 Mar 2021 at 08:36hrs | | by Staff reporter
60% of Bulawayo companies close shop
THE labour movement, consumer rights groups, small enterprises and informal traders have lamented the continuous collapse of Bulawayo industries amid revelations that up to 60% of companies have close...Published: 19 Feb 2021 at 07:04hrs | 22 | by Staff reporter
Justice Matanda-Moyo: The new sheriff in town
FOR a long time people have been accusing Zanu-PF and President Mnangagwa in particular of not doing enough to deal with corruption. These critics accused the Zimbabwe Anti-Corruption Commissi...Published: 04 Aug 2019 at 10:20hrs | | by Khumbula Vodloza Sibanda
Obert Gutu reports former MDC Minister to ZACC
MDC-T Vice President Obert Gutu has sensationally claimed that a former MDC cabinet Minister is guilty of fraudulently benefiting from millions of public funds during the era of the inclusive governme...Published: 25 Jul 2019 at 21:25hrs | | by Mandla Ndlovu
Another blow for Bulawayo
BULAWAYO textile manufacturing firm, National Blankets (Pvt) Limited, has been liquidated following years of poor performance and failure to find a good investment suitor in yet another blow to the ci...Published: 12 Jun 2019 at 08:59hrs | | by Staff reporter
Mnangagwa's plan to revive Bulawayo falters
Industries in the second city are still battling to survive despite pledges by President Emmerson Mnangagwa to breathe life into what was once the hub of the country's economy.Ahead of the har...Published: 13 Jan 2019 at 22:36hrs | 8 | by Staff reporter
Price controls, tinkering with the deck while the titanic is sinking
Zanu PF mediocrity, lack of care for the people of Zimbabwe and their nauseating pursuit of patronage and self-preservation are the reasons of economic collapse in Zimbabwe.An attempt to contr...Published: 19 Oct 2018 at 15:54hrs | 1 | by Jacob Mafume, MDC National Spokesperson
CABS sues National Blankets over $852k loan
LOCAL financial institution, Central Africa Building Society (CABS) has sued struggling National Blankets Limited over a five-year-old bank loan amounting to $852 496.National Blankets has bee...Published: 04 Oct 2018 at 05:52hrs | | by Staff reporter
Forex shortages frustrate industry revival
THE Confederation of Zimbabwe Industries (CZI) Matabeleland Chapter says foreign currency shortages facing the country continue to derail efforts to resuscitate industries in Bulawayo.Once the...Published: 14 Jun 2018 at 07:28hrs | | by Staff reporter
Bulawayo de-industrialisation, ZITF success juxtaposed
The 59th edition of the Zimbabwe International Trade (ZITF) was by far the largest in decades both in terms of attendance by local and foreign exhibitors as well as the business activity.Not o...Published: 02 May 2018 at 11:49hrs | | by Staff rpeorter
Chinamasa should have presented 'realistic' budget of $3.5 billion: Biti
MDC ALLIANCE: ALTERNATIVE NATIONAL AGENDA TOWARDS THE TRANSFORMATIVE DEMOCRATIC DEVELOPMENTAL STATE, DELIVERED BY TENDAI BITI CHAIRPERSON OF THE POLICY AND RESEARCH CO...Published: 08 Dec 2017 at 18:36hrs | 8 | by Staff Reporter
No sympathy for Chinamasa but Chombo will be worse - PDP
The man at the centre of economic decline in the Motherland is in the United States attending to meetings meant for treasury officials, with the shock from non-event called a reshuffle in ZANUPF dicti...Published: 11 Oct 2017 at 15:58hrs | | by PDP
MRP holds yet another rally in Kumbudzi business centre at UMzingwane constituency
Mthwakazi Republic Party President Mqondisi Moyo, the NEC leadership and provincial leaders from the four provinces of Mthwakazi addressed another rally at Kumbudzi village Matabeleland South on Satur...Published: 28 Sep 2017 at 07:44hrs | | by Stephen Jakes
Revival of Bulawayo industries possible task
OVER the years a lot has been said about the deindustrialisation of the country's second largest city, Bulawayo. It has been reported that nearly 100 companies closed in Bulawayo causing the loss of m...Published: 20 Aug 2017 at 07:22hrs | | by Staff Reporter
Bulawayo: From industrial to church hub
ONCE regarded as the country's industrial hub, Zimbabwe's second largest city has suffered what probably ranks as the worst job carnage, occasioned by the deteriorating economic situation that has led...Published: 12 Jul 2017 at 13:09hrs | 4 | by Staff reporter
Companies closure a concern - PDP
The People's Democratic Party recently released a statement outlining concern over Deputy President Mnangagwa's demonstration of ignorance of the real Zimbabwe we are living in.Mnangagwa's dis...Published: 19 Jun 2017 at 07:00hrs | | by Jacob Mafume - PDP Spokesperson
Mugabe has no right to speak about the stink in Harare
The People's Democratic Party is irked by recent remarks from the Deputy Chief Secretary in the office of the President Ray Ndhlukula accusing the City of Harare of failure when the blame also falls s...Published: 02 Jun 2017 at 15:58hrs | | by Jacob Mafume
Finally the IMF gets it right: ZANU cannot run an economy
On the 15th of May 2017 the IMF released a statement summarising their preliminary findings after an Article IV staff team visit to Zimbabwe.The findings published by the IMF, for once confirm...Published: 17 May 2017 at 16:52hrs | | by Jacob Mafume, PDP Spokesperson
PDP May day statement
Zimbabwe, like all progressive nations of the world, is celebrating the 1st of May as an International Workers' Day set aside to promote the welfare of the working class, improve their standards of li...Published: 01 May 2017 at 15:19hrs | | by George Mkhwanazi, Deputy Secretary for Information and Publicity PDP South Africa
Clearing World Bank arrears irresponsible and treasonous, says Biti
Finance minister Patrick Chinamasa's planned move to pay $1,1 billion towards settling Zimbabwe's World Bank dues is "criminally irresponsible and treasonous", former Finance minister Tendai Biti has ...Published: 01 May 2017 at 12:14hrs | | by Staff reporter
Chinamasa's Trafigura deal; a betrayal of the working people of Zimbabwe
The announcement by Minister Chinamasa that he has found the US 1,1 billion needed to pay what Zimbabwe owes to the World Bank should cause distress to any right thinking Zimbabwean.The inte...Published: 28 Apr 2017 at 20:03hrs | | by Tendai Biti PDP President
Dilapidated Harare buildings resemble post war Monrovia
The Hallmark of a war torn city is that of filthiness, disorder and utter chaos ,such characteristics are all present in the city of Harare.The irony is that Zimbabwe was last involved in ...Published: 10 Apr 2017 at 09:21hrs | | by Jacob Mafume, PDP Spokesperson
Bulawayo seeks to regain industrial hub status
BULAWAYO City Council (BCC) is working on an economic blueprint aimed at ensuring the city regains its industrial hub status, after suffering years of de-industrialisation.Councillors argu...Published: 09 Feb 2017 at 05:53hrs | | by Staff reporter
'Shut down non-performing parastatals,' says Chinamasa
NON-functioning parastatals deserve to be shut down as they are costing the Government through accruing huge wage bills with no dividend to the major shareholder.Finance and Economic Devel...Published: 07 Feb 2017 at 05:31hrs | | by Staff reporter
Industrial revival package unveiled
ANOTHER financial package aimed at reviving the country's industrial base has been unveiled.United Nations Industrial Development Organisation (UNIDO) has pumped a €20,6mln onto a three year...Published: 25 Jul 2016 at 16:16hrs | | by Thobekile Zhou
Matebele nation too rich to beg money from financially broke Zimbabwe
Zimbabwe as we know it, is a failed state that has lost its financial sovereignty and international reputation due to hyper inflation, economic mismanagement and institutionalised corruption....Published: 09 Jun 2016 at 07:09hrs | | by Israel Dube
Promote Zimbabwean products for economic revival
It is sad to note that some Zimbabweans continue to import non-essentials or finished products while shunning local goods. The benefits that can be accrued by consuming Zimbabwean products are immeasu...Published: 07 Jun 2016 at 06:35hrs | | by Susan Chipanga
Promote local products for economic revival
"An economy that continually imports and fail to export will die". This statement proffered by a Zimbabwean economist Kipson Gundani, is all but too true. The current Zimbabwe economic malaise c...Published: 03 Jun 2016 at 06:59hrs | | by Susan Chipanga
Promote local products for economic revival
"An economy that continually imports and fail to export will die". This statement proffered by a Zimbabwean economist Kipson Gundani, is all but too true...Published: 02 Jun 2016 at 13:31hrs | | by Susan Chipanga
Bulawayo lobbies for bond market headquarters
AS efforts to revive the bond market in Zimbabwe gather moment, Bulawayo businesses are lobbying that the debt market be headquartered in the second largest city.A bond market is a regulated f...Published: 16 Nov 2015 at 16:23hrs | | by Prosper Ndlovu
Zimra revenues fall as executives divert earnings to individual accounts
THE Reserve Bank of Zimbabwe (RBZ) yesterday made shocking revelations that company executives were diverting earnings to individual accounts to dodge the tax collector.RBZ governor, John Mang...Published: 30 Oct 2015 at 15:27hrs | | by Staff reporter
'No amount of money can revive David Whitehead textiles'
Chegutu West legislator, Dexter Nduna has claimed that there is no amount of money which can revive the David Whitehead Textiles ubnless the company change its credit into equity.Nduna made th...Published: 24 Oct 2015 at 11:06hrs | 1 | by Stephen Jakes
'$5 compensation for Zimdollar accounts a howler,' says CZI boss
The move by the Reserve Bank of Zimbabwe to demonetise the Zimbabwe dollar balances by alloting genuine account holders $5 per account is a faux pas, Confederation of Zimbabwe Industries (CZI) pr...Published: 13 Feb 2015 at 16:42hrs | | by Tawanda Musarurwa
David Whitehead Resuscitation of operations Noble
Zimbabwe used to have burgeoning textile industries with companies like David Whitehead, Julie White and Fashion Enterprises, most of who have gone out of business. Therefore, there is an opportun...Published: 14 Nov 2014 at 09:48hrs | 1 | by Stewart Murewa
Declare Bulawayo an economic zone
RECENT sentiments by cabinet ministers and President Mugabe concerning the bid by government to re-industrialise the city of Bulawayo foreshadow the desire of the Zanu PF administration to employ ...Published: 19 Sep 2014 at 09:24hrs | | by Byo24 Editorial
Buy Zimbabwe Products Sober Policy
A call by the Government encouraging the Zimbabweans to buy locally produced products is a sober national policy. This would see a rise in demand for products from our local industries which are s...Published: 04 Aug 2014 at 12:40hrs | | by Suitable Kajau
MDC Renewal Team Statement on the state of the national economy
The MDC Renewal Team, like all right thinking Zimbabweans is seriously affected by the current state of the economy.It is clear that a year after the election, the Zimbabwe economy has ent...Published: 24 Jul 2014 at 22:15hrs | | by Staff Reporter
John Love Motors shuts down
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...Published: 11 Jul 2014 at 08:47hrs | | by Sifundiso Ndlovu
Biti seeking political relevance by misleading
Mr Tendai Biti the reluctant leader of the so called MDCT Renewal Team is reported having said that Mr Robert Mugabe presided over the demise of Bulawayo as an industrial hub. The sentiments expressed...Published: 11 Jul 2014 at 06:25hrs | | by Thulani Nkala
Does the EU still have a foreign policy on Zimbabwe?
The fallout from statements by EU's Ambassador to Zimbabwe Mr Aldo Dell'Ariccia suggesting there is no leadership crisis in Zimbabwe and criticising civil society for being allegedly "anchored in...Published: 08 Jul 2014 at 13:26hrs | | by Clifford Chitupa Mashiri
Govt failed Dimaf says Minister of Industry
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,...Published: 03 Jul 2014 at 05:20hrs | | by Business Reporter
$10 salary for Marvo employees
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...Published: 02 Jul 2014 at 10:58hrs | | by Staff reporter
$8 billion needed for Bulawayo industry revival
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...Published: 09 Mar 2014 at 15:13hrs | | by Staff reporter
Govt pledges support for ailing Bulawayo industries
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...Published: 08 Jan 2014 at 10:36hrs | | by Staff Reporter
Merlin seeks $3 million capital injection
Closed Bulawayo based textile firm, Merlin, requires a minimum capital injection of $1,2 million to survive insolvency, the company's judicial manager has said.The firm was placed under provis...Published: 11 Dec 2013 at 11:03hrs | | by Staff reporter
Rubber Products closes shop
BULAWAYO-BASED manufacturing concern Rubber Products Manufacturing (Pvt) Ltd reportedly closed shop on Friday, sending workers home, with outstanding salaries of over eight months.Workers who ...Published: 08 Dec 2013 at 05:15hrs | | by Staff reporter
Minister to push for recapitalisation of Bulawayo's ailing industries
THE Minister of State for Provincial Affairs in Bulawayo, Eunice Nomthandazo Moyo, yesterday said she will push for the recapitalisation of the city's ailing industries and will this week meet...Published: 25 Sep 2013 at 07:56hrs | | by Staff Reporter
Mugabe pledges to tackle Bulawayo's problems
PRESIDENT Robert Mugabe yesterday pledged his government will move to vigorously tackle the crippling water crisis in Bulawayo and Harare, despite earlier advice to the two cities to look to MDC-T for...Published: 18 Sep 2013 at 03:58hrs | | by Staff reporter
Bimha to focus on Bulawayo revival
NEWLY appointed Minister of Industry and Commerce Mike Bimha has said Government would prioritise industrial reviaval in Bulawayo. Bimha, who was the Deputy Minister in the same portfolio ...Published: 12 Sep 2013 at 17:59hrs | | by Staff Reporter
Load More Stories
