Search / Ministry of industry and commerce
Mthuli Ncube says currency manipulators won't rest
Currency manipulators and economic saboteurs will always be lurking about looking for opportunities and loopholes to unjustly profiteer but authorities will also be always ready to institute measures ...Published: 11 hrs ago | 289 | by Staff reporter
Zimbabwe toothpaste maker faces closure
The country's only toothpaste maker - Merken- is in danger of going out of business following the government's decision to allow the unfettered entry of the products it manufactures into the country, ...Published: 28 May 2023 at 08:07hrs | 269 | by Staff reporter
Mnangagwa's govt urged to respect rule of law
LEGAL think-tank Veritas has accused the government of failure to respect the rule of law through unlawful suspension of standing statutes by Cabinet ministers.In its latest Bill Watch publica...Published: 25 May 2023 at 06:25hrs | 236 | by Staff reporter
Zimbabweans react with shock over exchange rate, price madness
CONSUMERS have reacted with shock to the extortionate and unrealistic exchange rates being applied in the pricing of basic goods in local currency by some unscrupulous retail players in Bulawayo and o...Published: 22 May 2023 at 06:35hrs | 838 | by Staff reporter
Zimbabwe govt takes price madness head-on
Government, whose responsibility is to protect the consumer and ensure stability, will "take all measures necessary", including painful ones if need be, to ensure price stability, the President has sa...Published: 21 May 2023 at 08:02hrs | 121 | by Staff reporter
List of duty-free goods released
Import duty and import VAT was suspended yesterday on 10 basic goods: maize meal, rice, milk, flour, salt, cooking oil, petroleum jelly, toothpaste, bath soap and washing powder.The suspension...Published: 13 May 2023 at 18:25hrs | 614 | by Staff reporter
13 distressed Zimbabwe firms rescued
Testifying to its commitment to tangible deliverables aimed at transforming the livelihoods of the people, the Second Republic, under the stewardship of President Mnangagwa, has resuscitated 13 previo...Published: 11 May 2023 at 05:30hrs | 343 | by Staff reporter
Ministry engages industry over price hikes
The Government is engaging the manufacturing and retail sectors with a view of establishing their operational challenges and arresting business malpractices causing unprecedented consumer price hikes....Published: 09 May 2023 at 06:01hrs | 127 | by Staff reporter
Mnangagwa asked to intervene in mine row
THE Ministry of Industry and Commerce has requested President Emmerson Mnangagwa to intervene in a mining wrangle between Chemplex Corporation and a former executive with the Industrial Development Co...Published: 25 Feb 2023 at 07:09hrs | 2394 | by Staff reporter
'More Zimbabwean made products occupying shelf space'
LOCALLY produced goods have increased shelf space occupancy in shops to 80 percent this year from 55 percent last year as domestic businesses continue to ramp up output in response to supportive Gover...Published: 06 Dec 2022 at 05:00hrs | 131 | by Staff reporter
Zimbabwe's draft electric vehicles policy ready
Zimbabwe is almost ready to adopt the electric vehicles (EVs) technology, with the draft Electric Mobility Policy Framework and Roadmap now in place but being refined.This was said by Ms Munas...Published: 18 Nov 2022 at 05:05hrs | 330 | by Staff reporter
Top Belarus official jets into Zimbabwe
BELARUSIAN Deputy Prime Minister, Mr Piotr Parkhomchik, arrived in Zimbabwe yesterday and is expected to hold bilateral meetings with various ministries as the two countries seek to deepen their long ...Published: 10 Oct 2022 at 06:05hrs | 289 | by Staff reporter
Zimbabwe govt cancels exemption facility for importers
THE Government says the exemptions letters issued to importers, but without expiry dates, under the Consignment Based Conformity Assessment (CBCA) programme 2022 have expired.The CBCA programm...Published: 03 Oct 2022 at 06:03hrs | 534 | by Staff reporter
‘No need for Zimbabwe to import cement'
THERE is no need for Zimbabwe to import cement as it has adequate supplies and capacity to meet all ongoing construction projects by the Government and private sector, PPC Zimbabwe managing director, ...Published: 15 Sep 2022 at 05:48hrs | 314 | by Staff reporter
Mnangagwa commends talented young people
ZIMBABWE is poised to be at the apex of development given its rich pool of talented youths in various fields like engineering who have put shoulders to the wheel in transforming the country towards an...Published: 29 Jul 2022 at 06:46hrs | 161 | by Staff reporter
Bata puts faith on Zimbabwe economy: US$5 million in plant and machinery
BATA Shoe Company Zimbabwe has invested over US$5 million in plant and machinery, in sheer demonstration of confidence in the economy.The company recently installed a polyurethane pouring plan...Published: 24 Jun 2022 at 07:36hrs | 271 | by Staff reporter
Re-opening of vandalised shops restores 300 jobs
A TOTAL of 300 jobs have been restored in Bulawayo following the re-opening of seven out of 14 retail shops that were vandalised and looted by protesters in January 2019.These have been renova...Published: 27 May 2022 at 06:40hrs | 87 | by Staff reporter
Import licences on seven grocery items removed
The government has removed import licences for seven commodities as more measures to contain prices and increase product availability continue to be unveiled.The new measures, which were revea...Published: 21 May 2022 at 16:27hrs | 4675 | by Staff Reporter
Chiwenga slams price madness
VICE President Dr Constantino Chiwenga has said the resurgent price madness being experienced in the market is unjustified given the prevailing stable economic fundamentals and the supportive fiscal a...Published: 28 Apr 2022 at 08:56hrs | 374 | by Staff reporter
Govt throws its weight behind Buy Zimbabwe
GOVERNMENT will complement the efforts by Buy Zimbabwe to promote growth and competitiveness in the country's local industry, Finance minister Mthuli Ncube has said.Speaking at the 11th editio...Published: 11 Apr 2022 at 06:35hrs | 338 | by Staff reporter
Smuggling crackdown nets 15 buses
The National Security Taskforce has intensified the crackdown on smuggling between Zimbabwe and South Africa and intercepted 15 buses carrying contraband worth thousands of dollars.The buses w...Published: 16 Mar 2022 at 05:29hrs | 293 | by Staff reporter
Mnangagwa son-in-law, adviser botch ZimCoke deal
A COURT application is set to be filed any day from now to legally and officially cancel the US$225 million ZimCoke deal to acquire assets of the now defunct state-owned Zimbabwe Iron and Steel Compan...Published: 12 Mar 2022 at 19:17hrs | 1610 | by Staff reporter
Local bus assembly begins next month
ZIMBABWE is set to begin assembling local buses next month and boost the motoring industry, create jobs and aid the Government's push for a modern and reliable mass public transport system.The...Published: 13 Feb 2022 at 20:39hrs | 345 | by Staff reporter
Govt to address business constraints
GOVERNMENT will deal decisively with any bottlenecks in the business environment to ensure the private sector operates effectively and efficiently in efforts to turnaround the economy, Vice President ...Published: 12 Dec 2021 at 19:52hrs | 28 | by Staff reporter
Bulawayo firm commits to re-industrialisation
THE availing of lines of credit to the automobile repair industry is the sure way to facilitate retooling so the sector becomes a key enabler in Government efforts to modernise and stabilise the econo...Published: 02 Dec 2021 at 05:30hrs | 32 | by Staff reporter
Govt officials up for fraud
TWO Ministry of Industry and Commerce officials have been charged with fraud for allegedly issuing out 200 vehicle import licenses without authority.Andrew Matevere aged 37, who is a Licence C...Published: 29 Oct 2021 at 13:34hrs | 55 | by Staff Reporter
'Zisco requires US$360m for resuscitation'
INDUSTRY and Commerce deputy minister Raheshkumar (Raji) Modi on Sunday said the defunct Zimbabwe Iron and Steel Company (Zisco) requires US$360 million for its resuscitation.Ziscosteel was on...Published: 26 Oct 2021 at 06:42hrs | 9 | by Staff reporter
Special courts for black market forex dealers
PROSECUTOR-General, Mr Kumbirai Hodzi has said the State has gathered more evidence against economic saboteurs driving the spike in the exchange rate on the parallel market, in a development that will...Published: 17 Oct 2021 at 09:00hrs | 7 | by Staff reporter
Evidence piles against forex saboteurs
PROSECUTOR-General, Mr Kumbirai Hodzi said the State has gathered more evidence against economic saboteurs driving the spike in the exchange rate on the parallel market, in a development that will lea...Published: 17 Oct 2021 at 08:54hrs | 7 | by Staff reporter
Forex auction revitalises economy, claims RBZ
THE foreign currency auction introduced by Government last year has been critical in revitalising the economy despite deliberate inflation of black market exchange rates by some unscrupulous businesse...Published: 15 Oct 2021 at 06:18hrs | 15 | by Staff reporter
'Zimbabwe has enough forex to sustain economy'
THE foreign currency auction introduced by Government last year has been critical in revitalising the economy despite deliberate inflation of black market exchange rates by unscrupulous businesses and...Published: 15 Oct 2021 at 06:17hrs | 7 | by Staff reporter
Mayihlome concerned over haulage trucks transporting chrome
ZANU PF legislator for Umzingwane Levi Mayihlome has expressed concerns over the increase in number of haulage trucks transporting chrome and other ...Published: 28 Sep 2021 at 07:50hrs | 14 | by Stephen Jakes
High Court blocks release of 'smuggled' vehicles
The High Court has blocked the release by Zimra of vehicles imported by 53 people as it is suspected they were brought into the country using fake import licences in what is a far-reaching swathe of s...Published: 10 Sep 2021 at 07:17hrs | 7 | by Staff reporter
Leather sector revival on course
Ministry of Industry and Commerce says it is pressing ahead with resuscitating the country's leather sector and is targeting firms with lower capitalization requirements for assistance during the rema...Published: 12 Aug 2021 at 07:02hrs | 23 | by Political Reporter
Customs impounds 300 imported cars
AT LEAST 300 vehicles are held at Beitbridge Border Post after eight import licence books were stolen at the Industry and Commerce ministry.This has resulted in Industry ministry officials int...Published: 27 Jul 2021 at 07:23hrs | 7 | by Staff reporter
US$3,5m vehicle scandal rocks govt
INDUSTRY and Commerce ministry officials are allegedly corruptly issuing import licences for second-hand vehicles while import licence books valued at US$3,5 million have vanished over the past two mo...Published: 16 Jul 2021 at 09:24hrs | 2 | by Staff reporter
Russian vehicle manufacturer to partner Zimbabwean firms
Russian vehicle giant Urals Automotive Plant (UralAZ) intends to partner local firms to build a bus and truck assembling plant in the country, Industry and Commerce Minister Dr Sekai Nzenza has reveal...Published: 11 Jul 2021 at 10:36hrs | 2 | by Staff reporter
Ministry official arrested for issuing out 350 motor vehicle import licenses
ZACC has arrested a Ministry of Industry and Commerce Licence Clerk Andrew Matevere for issuing out 350 motor vehicle import licenses to importers of second hand that did not qualify under the recentl...Published: 05 Jul 2021 at 21:27hrs | 16 | by Staff reporter
Reprieve for second hand car importers
The administrative transitional arrangement on the import of second hand vehicles that are over 10 years old, has been extended to the end of this month since there are still such cars bought be...Published: 03 Jun 2021 at 06:59hrs | | by Staff reporter
RBZ comes up with parameters in motor vehicle clearance
THE Reserve Bank of Zimbabwe (RBZ) has come up with Exchange Control parameters for consideration in the motor vehicle clearance process in line with Statutory Instrument 89 of 2021 on licensing requi...Published: 30 May 2021 at 08:40hrs | 4 | by Staff reporter
Vision 2030 on course, says President
PRESIDENT Mnangagwa has said the country's vision of achieving an upper middle-income economy by 2030 is on course and the private sector should continue to complement Government efforts to revive the...Published: 16 May 2021 at 07:57hrs | 4 | by Staff Reporter
Car import ban costs Zimra $3 billion
ZIMBABWE lost more than $3 billion in potential revenue in April alone following its ban on imports of vehicles that are older than 10 years. The number of vehicles imported has dropped steeply by bet...Published: 08 May 2021 at 08:09hrs | 9 | by Staff reporter
Boost local production to save forex, says Mnangagwa
The local manufacturing sector should take advantage of several initiatives by Government to reduce import dependency and boost local production to save the much needed foreign currency, President Mna...Published: 08 May 2021 at 07:59hrs | 8 | by Staff reporter
Reprieve for second hand vehicle importers
LOCAL importers of second-hand light vehicles over 10 years old from the date of manufacture have up to the end of next month to clear their cars following the gazetting of Statutory Instrument 89 of ...Published: 23 Apr 2021 at 19:42hrs | | by Staff reporter
ZITF set for July
President Mnangagwa has approved dates for the Zimbabwe International Trade Fair (ZITF) which will be held in July this year, the Ministry of Industry and Commerce has announced.Zimbabwe could...Published: 22 Apr 2021 at 20:27hrs | 1 | by Staff reporter
Ministry explains SI89 - Importation of used cars that are more than 10 years old
PRESS STATEMENT BY THE MINISTRY OF INDUSTRY AND COMMERCE ON STATUTORY INSTRUMENT 89 OF 20211. Following the promulgation of Statutory Instrument 89 of 2...Published: 22 Apr 2021 at 11:24hrs | 36 | by Staff Reporter
Vehicle imports tumble more than 60%
Numbers of second-hand vehicles imported through Beitbridge have slumped from around 60 a day to an average of 22 a day this month following the introduction of new regulations that make it very hard ...Published: 20 Apr 2021 at 07:19hrs | 6 | by Staff reporter
Dr Chiwenga to officially launch Leather Sector Strategy
THE Zimbabwe Leather Sector Strategy (2021-2030) would be officially launched this Friday in Bulawayo with Vice-President, Dr Constantino Chiwenga, expected to lead the proceedings. The leathe...Published: 06 Apr 2021 at 06:44hrs | 19 | by Staff reporter
Used car import rules clarified
Imports of second-hand vehicles more than 10 years old from the date of manufacture on the day they enter Zimbabwe on or after April 2 are no longer automatic and now need specific import licences for...Published: 06 Apr 2021 at 06:39hrs | 7 | by Staff reporter
Zimbabwe curbs importation of older vehicles
IT IS now illegal to import vehicles that are more than 10 years old, after the government gazetted a new law yesterday aimed at curbing the purchase of battered cars into the country.The new ...Published: 02 Apr 2021 at 15:21hrs | 13 | by Staff reporter
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