Articles tagged 'bimha'

MPs grill minister over steep prices 21 October 2017 HARARE - Members of Parliament (MPs) have questioned government's commitment to end the current economic crisis which has seen shops sharply increasing prices of basic consumer goods on the back of foreign currency shortages and rising fuel prices. On Wednesday, Industry minister Mike Bimha to...
109 milling firms close, 13 000 rendered jobless 18 June 2017 HARARE – Zimbabwe's economic turmoil has resulted in 109 milling companies closing down in the past eight years amid fears that the Mandatory Food Fortification programme will result in more milling companies twisting in the wind. Industry experts reason that these companies used to employ an ...
Parly summons Bimha over Zisco revival 13 June 2017 HARARE - Parliament has summoned Industry and Commerce  minister Mike Bimha over progress that government has made in scouting for an investor to revive Ziscosteel — once Africa's largest steelworks. In a schedule of portfolio and thematic committees of Parliament for this week, Bimha is set t...
Ziscosteel lays off workers 28 December 2016 HARARE - Ziscosteel — once Africa's largest steelworks — has retrenched its workers at its Redcliff plant in Kwekwe. Workers, who have gone for extended periods without salaries, said they had been served with a notice by the company indicating its retrenching almost all employees. The layo...
Zim moves to cut cheap imports 23 December 2016 HARARE - Zimbabwe is moving to establish a National Quality Standards Regulatory Authority (NSRA) with the intention to halt the importation of cheap imports. Industry minister Mike Bimha on Wednesday said the country lacked an authority specifically tasked with inspecting products that make t...
Zim launches trade information portal 4 June 2016 HARARE - Zimbabwe's first ever Trade Information Portal (TIP) will be officially launched on June 9 by Industry and Commerce minister Mike Bimha and the head of the European Union Delegation to Zimbabwe, Ambassador Philippe Van Damme. The TIP has been conceived as a two-way highway in terms of...
Zim industry sinks deeper 9 October 2014 HARARE - Zimbabwe's manufacturing sector has deteriorated further, with capacity utilisation declining by 3,3 percentage points to 36,3 percent in the year to September 2014, a latest Confederation of Zimbabwe Industries (CZI) report has revealed. Dephine Mazambani, a senior economist with CZI...
Zim to up cigarette manufacturing 16 August 2014 HARARE - Government’s efforts to engage Chinese and South African companies for the setting up of cigarette manufacturing plants will reduce the country’s dependence on raw tobacco exports, analysts say. The southern African country, which recently auctioned 214 million kgs of tobacco, exports...
Govt sleeping on the job 7 August 2014 HARARE - Recent revelations by Industry minister Mike Bimha that President Robert Mugabe has sanctioned a sector-by-sector analysis on the state of industry in the country are not only shocking to say the least but an embarrassment to the nation. Day after day, we are bombarded by news of comp...
“Is Mugabe aware of Zim's dire straits?” 5 August 2014 HARARE - Industrialists have questioned President Robert Mugabe's awareness of Zimbabwe's economic dire straits. This comes as the country's industry is in a deplorable state, with many companies shutting down and many more projected to as the country's economy deteriorates further. Recentl...
Zim to suspend protectionism 5 August 2014 HARARE - Zimbabwe has threatened to scrap protectionist measures, arguing that the country's industries must be competitive. Industry minister, Mike Bimha, said measures recently imposed by government were “protecting inefficient firms”, adding that local firms must not expect protection, but ...
Ziscosteel operations to commence 2016 2 August 2014 MUTARE - Indian conglomerate Essar Holdings (Essar) is set to begin liquid steel operations at NewZim Steel — formerly Ziscosteel — in the next 24 months, Industry minister Mike Bimha said. He told the Confederation of Zimbabwe Industries (CZI) congress in Mutare that the steel maker will have...
Govt fails to fund Dimaf 4 July 2014 HARARE - Government has failed to provide the $20 million it pledged towards the Distressed and Marginalised Areas Fund (Dimaf), compelling hard-pressed industries to rely on private sector funding. Under the $40 million Fund, established in 2011, government was supposed to provide $20 million...