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Why Mnangagwa fired Roy Bhila
ZIMBABWE'S deputy Industry and Commerce minister Roy Bhila was fired last week over corrupt issues involving cement import licences - money-spinning permits - and the secret charging of "facilitation ...Published: 05 Dec 2023 at 19:29hrs | 22 | by Staff reporter
Zimbabwe allows cement imports after prices double
Zimbabweans can now freely import cement, the government says, a response to a doubling of prices caused by surging demand and depressed local production.Cement prices are rising due to a comb...Published: 09 Nov 2023 at 05:57hrs | 20 | by Staff reporter
Mnangagwa warns against foreign interference
President Emmerson Mnangagwa has issued a warning to Western countries not to meddle in Zimbabwe's internal affairs, claiming that the country's people will remain united.He said this last wee...Published: 06 Jul 2023 at 17:53hrs | 1 | by Staff reporter
Power outages dent RioZim production
GOLD production at Cam & Motor Mine — one of RioZim Limited's flagship operations — increased 92% in the first quarter of this year on the back of the Biological Oxidation (BIOX) plant that ca...Published: 25 May 2023 at 06:27hrs | 1 | by Staff reporter
Causes of food inflation in Zimbabwe
The World Bank recently released a report of the countries hardest hit by food inflation in the world. Zimbabwe tops that list with food inflation of 353% in the month of August 2022, beating Lebanon ...Published: 16 Dec 2022 at 00:11hrs | 20 | by Victor Bhoroma
Policy incentives to reindustrialization lacking
Zimbabwe aspires to create an upper middle income economy with a Gross Domestic Product (GDP) of US$65 billion by 2030. This vision is premised on the reindustrialization strategy where competitivenes...Published: 24 Nov 2021 at 10:35hrs | 17 | by Victor Bhoroma
Local bus assembly begins
A consortium of public transport operators, Amalgamated Bus Industries (ABI), has secured a US$35 million loan to revive two local bus manufacturing companies.This, raises expectations that th...Published: 31 Oct 2021 at 06:53hrs | 1 | by Staff reporter
Inside the cotton value chain
Cotton has been grown in Zimbabwe from as far back as 1940, even though production was enhanced after the establishment of the Cotton Marketing Board (CMB) in 1969. The white Gold is the second most i...Published: 09 Sep 2021 at 19:33hrs | 13 | by Victor Bhoroma
Import Substitution: A case for soya beans
For the past 10 years, Zimbabwe has produced an average of 56 000 metric tonnes (mt) of soya beans per year against national demand of 240 000 mt for food, animal feed and industrial consumption. In t...Published: 01 Sep 2021 at 15:26hrs | 47 | by Victor Bhoroma
2021 Mid-Term Budget Expectations
Zimbabwe's mid-term budget for 2021 is expected to be presented in the beginning of July amid encouraging signs of economic recovery in the last 12 months. The country is undergoing a period of relati...Published: 03 Jun 2021 at 20:21hrs | 1 | by Victor Bhoroma
Proudly made in Zimbabwe
The advent of globalization has demonstrated that each country has expertise in a certain trade and there are commodities that resonate with certain countries more than others. It is often argued that...Published: 02 Feb 2021 at 00:25hrs | 5 | by Victor Bhoroma
Policy implementation key in reindustrializing economy
The re-industrialization of the economy is a vital piece in the achievement of Zimbabwe's sustainable economic development goals and effective participation in the Africa Continental Free Trade Area (...Published: 05 Sep 2020 at 16:15hrs | | by Victor Bhoroma
Fuel price hikes stoke inflation
THE frequent hike in fuel prices will only increase inflationary pressures, with analysts projecting it to reach 250% by year-end.The Zimbabwe Energy Regulatory Authority this week raised fuel...Published: 26 Jul 2019 at 09:28hrs | | by Staff reporter
Import substitution: best remedy to high import bill
Zimbabwe imported goods worth $6.85 Billion in 2018, a 38% increase from 2017. That import figure can go up by 30% if smuggled merchandise and under declared imports at the country's border posts are ...Published: 12 May 2019 at 23:15hrs | 1 | by Victor Bhoroma
Industry wants Bureau Veritas contract terminated
INDUSTRY executives have advised Government not to renew Bureau Veritas' contract saying businesses were suffering from added costs due to the implementation of the Consignment Based Conformity Assess...Published: 12 Mar 2019 at 05:58hrs | 7 | by Staff reporter
Zimbabwe blanket firms face extinction
ZIMBABWE'S sole blanket manufacturer, Waverley, is facing an uncertain future due to illegal Chinese imports, the government has said.Waverly, which stands at the heart of the ruins of scores ...Published: 18 Oct 2018 at 15:16hrs | 2 | 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 | 1 | by Staff reporter
Industry challenges Mnangagwa
LOCAL industry says government should create a conducive environment for the sector to up capacity utilisation.The call was in response to President Emmerson Mnangagwa, who recently exhorted "...Published: 06 May 2018 at 10:12hrs | | 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 | 5 | by Staff rpeorter
Bata calls on RBZ to hike incentive
ZIMBABWE's largest shoe manufacturer, Bata Shoe Company, has called on the Reserve Bank of Zimbabwe (RBZ) to increase the export incentive to 15 percent to boost exports by local companies.The...Published: 13 Feb 2018 at 05:32hrs | | by Staff reporter
Industry welcomes fuel duty reduction
CAPTAINS of industry have welcomed the reduction of excise duty on fuel saying this will see the pump price going down as well as reducing the cost of production in the manufacuring sector.In ...Published: 24 Jan 2018 at 05:29hrs | 3 | by Staff reporter
Zimbabwe not receding back to the hyperinflation era
Government adviser and economist Ashok Chakravarti has said the economy is not receding back to the hyperinflation era, as there are better policies in place than in 2008."We are nowhere near ...Published: 23 Oct 2017 at 06:29hrs | | by Staff reporter
Zim Asset is failing
"In pursuit of a new trajectory of accelerated economic growth and wealth creation, my government has formulated a new plan known as the Zimbabwe Agenda for Sustainable Socio-Economic Transformati...Published: 05 Jul 2015 at 08:08hrs | | by Tendai Kwari @tendaikwari
Zimbabwe faces tough 2015
HARARE - Zimbabweans face a 2015 as the country's economic prospects are likely to continue waning in the new year, economic analysts have warned.This comes as a huge number of companies have ...Published: 30 Dec 2014 at 08:17hrs | | by Staff Reporter
Prices of consumer goods are indeed high
The Consumer Council of Zimbabwe (CCZ) recently revealed that prices of most consumer goods remained high during the first 10 months of this year. It is a worrisome revelation that the basket for ...Published: 20 Nov 2014 at 14:11hrs | | by John Sigauke
Zim platinum mining to benefit from SA mining woes
LOCAL miners are in a strong position to try and close the platinum supply gap after revelations that South Africa, the top world platinum producer's mining operations are becoming relatively more ex...Published: 12 Jan 2014 at 09:25hrs | | by Business reporter
Farmers predicts poor farming season
THE Commercial Farmers' Union (CFU) yesterday predicted another poor agricultural season citing shoddy preparations for the current planting season caused by a shortage of inputs and working capital....Published: 14 Nov 2013 at 06:35hrs | | by Staff reporter
Zimbabwe exports to SA up 6%
SOUTH AFRICA has increased market share of manufactured goods that it is importing from Zimbabwe despite the continuous decline in capacity utilisation in local firms.According to the latest s...Published: 07 Oct 2013 at 04:57hrs | | by Business Reporter
'Bring back Zimdollar coins,' says manufacturers
Johannesburg - Zimbabwe's manufacturers asked the government to cut taxes and mint coins to boost demand for local goods, stimulate the economy and help reduce the perception of risk in the economy....Published: 20 Aug 2013 at 20:11hrs | | by Bloomberg
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