Articles tagged 'busisa moyo'

Busisa re-ignites rand debate 1 December 2018 HARARE - Industrialist Busisa Moyo has re-ignited the rand adoption debate by saying Zimbabwe can encourage "the wider circulation of the South African currency under its multi-currency system". This also comes as the country's liquidity crisis has worsened and economist-cum-banker Persistence...
Prices zoom out of control 27 September 2018 HARARE - The price of cooking oil has shot up by more than 20 percent, adding to the cost-push inflationary pressures triggered by the recent wave of price adjustments. A survey by the Daily News showed that the standard price of a two-litre cooking oil bottle has gone up from about $2,75 last...
Zim urgently needs $4bn bailout package 9 September 2018 HARARE - Zimbabwe needs up to $4 billion to avert a looming currency crisis that could unleash economic havoc, with the new Cabinet urged to take tough decisions to increase confidence in the economy. President Emmerson Mnangagwa on Friday appointed former banker Mthuli Ncube as Finance minist...
Boost for cooking oil industry 26 April 2018 HARARE - The cooking oil industry in Zimbabwe is banking on a boost in soya bean plantings to avert a shortage of cooking oil and stock feeds on the domestic market this year. This comes after Sakunda Private Limited provided $48,7 million, half of a $100 million loan facility to support oilse...
Zim a broken society: Moyo 1 July 2017 HARARE - Former Confederation of Zimbabwe Industries (CZI) president Busisa Moyo has said Zimbabwe is now a broken society due to lack of unity and dialogue. He accused authorities of introducing policies without consulting stakeholders and the people. “Zimbabwe is not broke but broken, we ...
Cooking oil shortages loom 9 June 2017 HARARE - A big drop in soya bean plantings in Zimbabwe could lead to a shortage of cooking oil and stock feeds on the domestic market this year. Nationally, the industry is expected to meet a national need of 200 000 tonnes this season but farmers have dumped the crop due to lack of financing....
Industry calls for long-term solutions 27 May 2016 HARARE - The Confederation of Zimbabwe Industries (CZI) says it is engaging the government to come up with long-term solutions to present economic challenges. “The economy remains very delicate when my term started last year. We had hoped that by now we would be somewhere in terms of growing c...
CZI calls for criminalisation of side-marketing 24 November 2015 MUTARE - Confederation of Zimbabwe Industries (CZI) has called for the enactment of a law that criminalises “side-marketing” to protect agricultural financiers. Side-marketing is when a farmer decides to sell their produce outside the contractual agreement after being supplied with inputs to g...
Industry calls for devaluation 9 October 2015 HARARE - Zimbabwe must facilitate for a devaluation process of the United States Dollar to lower basic commodity prices and improve the country's export competitiveness, the Confederation of Zimbabwe Industries (CZI) has said. In 2009, the country ditched its infamous local currency and adopte...
Zim life to get worse, darker 5 September 2015 HARARE - The gloom enveloping Zimbabwe as a result of the country's decades-long political and economic crises is set to worsen following an increase in power outages — with industrialists and economists warning yesterday that this would cripple Harare's already moribund economy further and lead ...