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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 | 1 | by Staff reporter
Zacc pounces on IDCZ bosses
THE Zimbabwe Anti-Corruption Commission (Zacc) on Friday last week arrested two officials from the Industrial Development Corporation of Zimbabwe (IDDZ) on allegations of criminal abuse of office invo...Published: 01 May 2023 at 08:10hrs | 2 | by Staff reporter
Forgery lands legal manager in court
A legal manager at the Industrial Development Corporation of Zimbabwe has appeared in court on allegations of forging documents needed by the Zimbabwe Anti-Corruption Commission to see if a vehicle bo...Published: 03 Apr 2023 at 06:23hrs | | by Staff reporter
Willowvale to start assembling vehicles in Zimbabwe
WILLOWVALE Motor Industries will in August resume assembling vehicles after a hiatus of more than five years as the subsidiary of the Industrial Development Corporation of Zimbabwe (IDCZ) returns to i...Published: 03 Apr 2023 at 06:20hrs | | 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 | 7 | by Staff reporter
Zimbabwe exports in 5,5% jump from a low base
ZIMBABWE'S manufacturers enjoyed rising export demand amid an increase in productivity, a government State of Industry report has indicated.The report suggested that manufactured export goods ...Published: 21 Feb 2023 at 05:53hrs | | by Staff reporter
Steel firms pour US$1 billion into Zimbabwe
Major steel-processing firms developing operations in Zimbabwe have this year invested over US$1 billion into their projects, which are at various stages of implementation, official data showed yester...Published: 27 Dec 2022 at 06:40hrs | 1 | by Staff reporter
Zimbabwe to stop smuggling of beverages
Zimbabwe's beverage sector has been affected by rising cases of smuggling, a new report has shown.In a paper submitted to Cabinet, Industry and Commerce minister Sekai Nzenza said there had be...Published: 21 Dec 2022 at 20:09hrs | | by Staff reporter
Mnangagwa dares public enterprises
Parastatals and State-owned enterprises have been challenged not to be drains on the Treasury but to pay dividends and propel growth of the economy through meaningful contribution to the country's Gro...Published: 03 Mar 2022 at 05:37hrs | 1 | by Staff reporter
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 | 7 | by Staff reporter
Russian fertiliser producer opens base in Zimbabwe
UNITED Fertiliser Company Limited (UFCL), a Russian firm with a global footprint, has opened a branch in Zimbabwe.The latest development comes at a time when the Government, under the Second R...Published: 29 Sep 2021 at 06:33hrs | 1 | 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 | 3 | by Staff reporter
IDCZ battles to find 'high calibre' CEO
THE myth that some of Africa's best business minds are found in Zimbabwe has been disproved at the State-run Industrial Development Corporation of Zimbabwe (IDCZ), which has struggled to find a CEO fo...Published: 28 May 2021 at 08:04hrs | 2 | by Staff reporter
Parastatals to be privatised in six months, says official
The government expects to find investors for state enterprises earmarked for partial privatisation and tie up the deals in the next six months, an official has said.Zimbabwe has 107 state-owne...Published: 12 May 2019 at 06:25hrs | 1 | by Staff reporter
Zesa re-bundling part of parastatals reforms, says Chiwenga
THE re-bundling of Zesa and merger of its five previously separate entities into a single integrated company will cut overhead costs and boost power generation efficiency, Vice President Constantino C...Published: 25 Apr 2019 at 07:02hrs | 1 | by Staff reporter
Government amends Private Voluntary Organisations Act
GOVERNMENT has resolved to amend the Private Voluntary Organisations Act (Chapter 17:05) to ensure that it complies with the requirements of the Financial Action Task Force for combating money launder...Published: 15 Mar 2019 at 05:56hrs | | by Staff reporter
IDCZ disposes stakes in Almin Metal Industries, Stone Holdings
THE Industrial Development Corporation of Zimbabwe (IDCZ) has disposed of its shareholding in Almin Metal Industries and Stone Holdings as part of a restructuring process to be completed this year. ...Published: 04 Feb 2019 at 07:53hrs | 7 | by Staff reporter
Kumalo takes over at IDC
LONG serving Industrial Development Corporation of Zimbabwe Limited general manager Mr Michael Ndudzo, has left the institution after 26 years of service.IDC board chairman Mr Herbert Nkala sa...Published: 18 Sep 2017 at 06:19hrs | | by Staff reporter
Sanctions maybe the demon, but corruption is the devil
Zimbabwe has been ridiculed, belittled, choke-slammed and demonized from around late 1990s. It has survived but on hand-to-mouth; credited be all Zimbabweans for surviving that piece from hell. The re...Published: 20 Feb 2017 at 22:33hrs | 1 | by Kudakwashe Chikwanda
Willovale Mazda Motor Industry resumes operations
Willovale Mazda Motor Industries (WMMI) is set to resume motor vehicle assembling at its Harare plant in the second week of February.On Thursday, Bulawayo24.com heard that the motor vehi...Published: 03 Feb 2017 at 07:03hrs | 1 | by Alice Dube
US agenda exposed
It is actually a shame how the US are continuing to worsen the development of Zimbabwean economy through their illegal sanctions. Economic sanctions were imposed on Zimbabwe in 2003 after the US gover...Published: 15 Mar 2016 at 13:45hrs | 1 | by Chido Chikuni
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
Zim industry calls for review of indigenisation policy
Industry has called for the Government to exclude the manufacturing sector from the indigenisation policy. The call was made by Surface Investments chairman Narottam Somani while addressing th...Published: 04 Mar 2014 at 15:18hrs | 8 | by Tawanda Musarurwa
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
Zim ready to manufacture ARVs
The Iranian Centre for Innovation and Technology Co-operation (CITC) has agreed to go into partnership with the Harare Institute of Technology (HIT) in setting up facilities for the manufacturing of t...Published: 30 Oct 2013 at 11:16hrs | | by Staff Reporter
IDC revives bid to recover $62m from Romanian Govt
The Industrial Development Corporation of Zimbabwe Limited (IDCZ) has revived its bid to recover $62 million from the Romanian government as compensation for a failed joint sheet glass manufacturing p...Published: 18 Sep 2013 at 12:30hrs | 1 | by Business reporter
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