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Retailers dump Zimdollar
RETAILERS in Harare have dumped the Zimbabwe dollar and are demanding payment in United States dollars for a number of basic goods such as cooking oil and dairy products.Some large wholesalers...Published: 28 Apr 2022 at 09:05hrs | | by Staff reporter
Surface Wilmar's plant 75% complete
THE country's biggest cooking oil manufacturer, Surface Wilmar says its US$24 million plant that is under construction in Harare will commence production in September.The plant was shut down i...Published: 06 Apr 2022 at 06:30hrs | 6 | by Staff reporter
Surface Wilmar in US$50m Olivine revival plan
THE country's biggest cooking oil manufacturer, Surface Wilmar has put in place a revival plan for Olivine Industries, which will result in a US$50 million upgrade of the Willowvale plant in Harare....Published: 01 Apr 2022 at 09:15hrs | | by Mukunda Chitova
IDC throws out bids for Deven
TWO local companies seeking a shareholding in Deven Engineering had their bids thrown out after they failed to offer the "best value for money" for the coach builder.Deven's core competence is...Published: 22 Nov 2021 at 05:50hrs | 6 | by Staff reporter
Of sanctions and misgovernance
Am writing this piece after 1 year since I wrote on sanctions and with this small piece I think I will manage to clarify the position on sanctions, however, democracy dictates that one is free to agre...Published: 25 Oct 2021 at 20:48hrs | 1 | by Kumbirai Stein Chivhuna
Zimbabwe lithium miner ships first samples
AUSTRALIA-LISTED mining concern Prospect Resources Limited has shipped its first 25-tonne container of technical grade petalite concentrate from its Arcadia pilot plant, near Harare, the firm said at ...Published: 11 Oct 2021 at 05:55hrs | | by Staff reporter
Mnangagwa ally turns US$22m glass firm into cattle pen
PROMINENT Gweru businessman Douglas Makwande has set himself on a collision course with the Gweru City Council after converting premises of Zimbabwe Glass Holdings (Zimglass) into a cattle pen for his...Published: 11 May 2021 at 16:45hrs | 6 | by Staff reporter
Zimdollar maintains stability
THE Zimbabwe dollar continues to maintain stability on the official weekly foreign currency exchange auction system with marginal fluctuations against the greenback exhibiting market confidence in the...Published: 08 Apr 2021 at 08:42hrs | 7 | by Staff reporter
800 companies benefit from Foreign Currency Auction
Close to 800 companies have benefited from the weekly Foreign Currency Auction Trading System where a total of US$639,5 million has been allotted since the introduction of the platform in June last ye...Published: 25 Mar 2021 at 05:36hrs | | by Staff reporter
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 | 1 | by Victor Bhoroma
Which era had the best dramas?
So brilliant were their exploits such that long after the closing credits, their action on the small screen lingered, never to be forgotten.Their delivery was so sublime. Decades later, snippe...Published: 11 Aug 2019 at 07:23hrs | 3 | by Prince Mushawevato
The reality of stagflation in Zimbabwe
The current fiscal year is turning out to be a challenging year for the Zimbabwean economy. The country is experiencing all the features of economic decline from a recession, high unemployment rate, d...Published: 20 Jul 2019 at 19:31hrs | | by Victor Bhoroma
Surface Wilmar resumes operations
ONE of Zimbabwe's largest cooking oil manufacturers, Surface Wilmar has resumed operations after receiving foreign currency support from the Reserve Bank of Zimbabwe to kick-start operations. ...Published: 27 May 2019 at 06:28hrs | | by Staff reporter
Board members are to blame for company failure
The Zimbabwean government is battling to contain the never ending problem of company shutdowns which is now prevalent in Zimbabwe. Some of the companies have either folded or are in intensive care the...Published: 09 Apr 2019 at 11:40hrs | 1 | by Engineer Jacob Kudzayi Mutisi
Olivine shuts down margarine plant
AGROPROCESSING firm, Olivine Industries Private Limited, has closed its margarine plant, management has confirmed. Olivine used to produce Buttercup margarine, Olivine cooking oil and jade soap among ...Published: 08 Apr 2019 at 06:35hrs | | by Staff reporter
Africa Hub of Minerals
The mineral industry of Africa is the largest mineral industries in the world. Africa is the second largest continent, with 30 million km² of land, which implies large quantities of resources. For ma...Published: 04 Mar 2019 at 14:01hrs | 2 | by Enos Denhere
National dialogue deadlock: Hope keeps eluding Zimbabwe
NATIONAL dialogue meant to unite Zimbabweans around a common vision has failed to gain traction as the leading political parties have taken deeply entrenched hardline positions, plunging the country d...Published: 15 Feb 2019 at 08:22hrs | | by Staff reporter
Mthuli Ncube engages US over reforms, Zidera
Finance and Economic Development Minister Professor Mthuli Ncube is set to leave for the United States of America next month to apprise that country's government officials on positive developments the...Published: 10 Feb 2019 at 05:42hrs | | by Staff reporter
Zimbabwe banks plunge deeper into forex crisis
A vendor counts money at a vegetable street market in Caracas, Venezuela, on Wednesday, Aug. 17, 2016. Venezuela's imports from its six biggest trading partners including Brazil, the U.S., China, Arge...Published: 01 Feb 2019 at 14:06hrs | | by Staff reporter
'Govt subsidies for private players not sustainable'
Government has been warned against clandestine price controls being effected through its stranglehold on foreign currency allocation.Economic analysts said there were companies that were being...Published: 27 Jan 2019 at 19:18hrs | | by Staff reporter
MDC-T statement on fuel increase and labour crisis
CONSIDERING the challenges that our nation is facing, the press conference by the President of Zimbabwe Emmerson Mnangagwa last night, showed the world how our current government is detached from real...Published: 13 Jan 2019 at 08:33hrs | | by Linda Tsungirirai Masarira
Olivine Industries shuts down
Olivine Industries has announced that it will not be opening its manufacturing plant and its employees are on indefinite leave due to lack of raw materials.Olivine Industries is the producer o...Published: 11 Jan 2019 at 19:09hrs | | by Mandla Ndlovu
Mnangagwa creates over 20 000 jobs
OVER 20 000 new jobs have been created in the agriculture sector, with at least another 10 000 people becoming newly employed in mining, as the economic turnaround masterminded by President Emmerson M...Published: 16 Dec 2018 at 10:07hrs | | by Staff Reporter
Forex shortages cripple cooking oil maker
Surface Wilmar, the country's largest cooking oil manufacturer, says it owes its external suppliers US$22 million because of acute foreign currency shortages locally.The revelations were made ...Published: 11 Nov 2018 at 12:24hrs | 1 | by Staff reporter
Mthuli Ncube probes cooking oil shortages
Finance minister Mthuli Ncube has commenced touring manufacturing firms, starting with a visit to Surface Wilmer, the largest cooking oil manufacturer in Zimbabwe.Surface Wilmar (Pvt) Ltd, sit...Published: 04 Nov 2018 at 12:40hrs | 1 | by Staff reporter
Government in bid to recapitalise Olivine Industries
The government is considering selling part of its stake in Olivine Industries to an external investor to raise foreign currency towards recapitalising operations.The tour of the cooking oil ma...Published: 03 Nov 2018 at 08:42hrs | | by Staff Reporter
Mthuli Ncube starts #Zimbabwe industry tour with visit to Surface Wilmer, largest cooking oil manufacturer in Southern Africa
Minister of Finance Prof Mthuli Ncube visits Surface Wilmer who are the largest producer of edible oils in #Zimbabwe, largest cooking oil manufacturer in Southern Africa, & are also partners with ...Published: 02 Nov 2018 at 20:08hrs | | by Agencies
US sanctions on Zimbabwe - truths, history and lies
A new regime of US sanctions has just been signed into law, opening a fresh front in the increasingly polarised political debate in Zimbabwe.Critics say they hurt the economy, while supporters...Published: 20 Aug 2018 at 19:01hrs | | by newsZWire
Command Agriculture requires $1,3 billion
Zimbabwe's main agro-import substitution programme, commonly referred to as Command Agriculture, requires close to $1,3 billion to take off as the country steps up efforts to raise local production an...Published: 27 May 2018 at 10:08hrs | 6 | by Staff reporter
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 nations more than others. It is often argued that t...Published: 18 May 2018 at 17:48hrs | | by Victor Bhoroma
Reflection on 2018 elections
Zimbabwe will be going for elections soon and the electorate is spoilt of choice.Elections are fundamental human rights where the people are given the freedom to elect leaders of their choice...Published: 13 Mar 2018 at 18:57hrs | | by Leonard Koni
SAP sets a solid foundation for Wilmar Zimbabwe
With consumers more empowered than ever thanks to the convergence of technologies creating a hyperconnected world, businesses need to be flexible enough to adapt to changing customer needs. Since ente...Published: 26 Feb 2018 at 10:50hrs | 3 | by Agencies
Zimbabwe's pricing dilemma
Zimbabwe's quest for economic competitiveness and new business is very much connected to market pricing of goods and services. Competitive prices incentivize suppliers through healthy profit margins w...Published: 23 Feb 2018 at 13:33hrs | 1 | by Victor Bhoroma
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 | | by Staff reporter
Better alternatives to Zimbabwe import ban exist
In June 2016 the Zimbabwean government instituted the infamous Statutory Instrument 64 of 2016 banning the importation of basic commodities such as bottled water, sugar, soap, cooking oil, cellpho...Published: 17 Aug 2016 at 10:52hrs | | by Lovemore Fuyane
Government's efforts to revive the economy laudable
It is pleasing and comforting that government is doing all its best to revive the ailing economy. A number of policy measures and programmes are being put in place as a way of trying to stabiliz...Published: 09 Jun 2016 at 13:42hrs | | by Peacemaker Zano
Mugabe's full speech - Let's shun corruption, regionalism, nepotism
Address by his excellency the President of the republic of Zimbabwe, Comrade RG Mugabe on the occasion of Zimbabwe's 36th Independence Day celebrations, harare, yesterday. H...Published: 19 Apr 2016 at 07:19hrs | 3 | by RG Mugabe
China unveils international payment system
ZIMBABWE stands to benefit from China's introduction of an International Payment System as it will cushion the country and Zimbabwean firms from the seizure of their revenue by the United States' Offi...Published: 13 Oct 2015 at 06:28hrs | | by Lloyd Gumbo
Zimbabweans love Mazda, OK and TelOne - survey
Zimbabweans show that when it comes to price-quality ratio, companies and brands ranging from Mazda, OK and TelOne to Nestlé, Delta and CABS have come out on top in their respective categories in the...Published: 10 Sep 2015 at 08:33hrs | 12 | by Staff reporter
List of companies that are currently offering apprenticeship
The Deputy Minister of Higher and Tertiary Education, Science and Technology Dr Gandawa yesterday released a list of Zimbabwean companies that currently offer apprenticeship.The companies recr...Published: 20 May 2015 at 20:35hrs | 36 | by Ndou Paul
Mugabe, biggest obstacle to socio-economic progress in Zimbabwe
We have seen clearly that Mugabe himself is the enemy of progress in Zimbabwe. Zimbabwe has not progressed since independence; in fact the country has actually regressed enormously. Mugabe should have...Published: 18 May 2015 at 11:37hrs | | by Zanda Shumba
Econet mulling a major restructuring exercise
ECONET Wireless Zimbabwe (EWZ) is believed to be mulling a major restructuring exercise through which a sizable chunk of its workforce will be laid off while some business units will be consolidated i...Published: 17 May 2015 at 10:52hrs | | by Staff reporter
Policeman shoots self in kombi chase
A traffic cop shot himself on his left leg when his service pistol accidentally discharged while chasing a fleeing commuter omnibus along Plymouth Road in the Southerton industrial area of the capital...Published: 03 Mar 2015 at 06:42hrs | 1 | by Owen Chirikure
Willowvale Mazda Motor Industries to close down
THE Industrial Development Corporation Zimbabwe (IDCZ) is set to close unviable operations such as Willowvale Mazda Motor Industries, Sino Zimbabwe Cement Company, National Furniture Industries, Motir...Published: 20 Dec 2014 at 06:41hrs | | by Staff Reporter
Zimra can't monitor 90% of transit trucks
THE Zimbabwe Revenue Authority (Zimra) is failing to effectively monitor more than 90 percent of cross-border trucks that transit through the country, meaning these can easily be used as conduits to s...Published: 02 Nov 2014 at 12:15hrs | | by Enacy Mapakame
ZimAsset just a 'pie in the sky'
HARARE - Exactly a year after the 2013 harmonised elections which were controversially won by Zanu PF, Zimbabweans are now worse off than they were before the polls.Analysts say the much...Published: 05 Aug 2014 at 09:29hrs | | by Staff Reporter
'Only God can save Zimbabwe,' says Prophet Makandiwa
Prophet Emmanuel Makandiwa has said Zimbabwe's ailing economy would soon be revived through God's intervention.The celebrity preacher told a capacity crowd of over100 000 attending Jud...Published: 22 Apr 2014 at 08:13hrs | | by Staff reporter
StanChart orders IDC to close its bank account
Foreign-owned bank Standard Chartered Zimbabwe has ordered the Industrial Development Corporation to close its bank account with the institution next month, an executive told a parliamentary committe...Published: 29 Jan 2014 at 05:25hrs | 1 | by Staff reporter
Will 2014 usher in an Egypt style revolution in Zimbabwe Part 2
Crane Brinton's Theory of Revolution Historian Crane Brinton argues that the revolutionary "fever" begins with certain "symptoms." It is only right and ...Published: 13 Jan 2014 at 05:07hrs | | by Dr Clifford Chitupa Mashiri
'Goche's intimidation of the civil servants is totally unacceptable' - MDC-T
The Morgan Tsvangirai led MDC today [Friday] said threats made this week by the Minister of Public Service, Labour and Social Welfare, Nicholas Goche against civil servants who intend to engage in...Published: 10 Jan 2014 at 11:18hrs | | by Moyo Roy
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