Articles tagged 'industry'

Plan to revive Byo falters 13 January 2019 HARARE - Industries in the second city are still battling to survive despite pledges by President Emmerson Mnangagwa to breathe life into what was once the hub of the country's economy. Ahead of the harmonised elections last year, Mnangagwa told Zanu PF supporters at White City Stadium in June...
ED's meeting with business welcome 31 October 2018 HARARE - President Emmerson Mnangagwa's recent meeting with bankers as well as captains of industry and commerce is a good start. Coming as it does after the scrapping of Statutory Instrument (SI) 122 of 2017 and the turbulence that rocked the country after the bond note suffered heavy losses ...
Business hunts for post-poll capital 27 July 2018 HARARE - Zimbabwean businesses have embarked on a number of capital-raising initiatives led by their executive managers and leaders in preparation for the country's post-poll period, the CEO Africa Roundtable said on Wednesday. It said the elections that are set for Monday next week will unloc...
Chiwenga tasked to deal with price hikes 11 January 2018 HARARE - The ruling Zanu PF party has set up an ad-hoc committee led by Vice President General Constantino Chiwenga (retired) to deal with the thorny issue of skyrocketing prices. The party's spokesperson Simon Khaya Moyo said the committee, whose other members were not revealed to the media, ...
ED calls for crisis meeting over prices 29 December 2017 HARARE - President Emmerson Mnangagwa has called for a crisis meeting with business leaders to try and find a solution to high prices placed on basic commodities which have triggered an outcry from long-suffering consumers. Mnangagwa, who is largely viewed as pro-business in his approach has, ...
We are watching you 13 October 2017 HARARE - Yesterday, a local weekly reported that the much-hyped billion-dollar Zisco Steel (Zisco) deal was yet to be signed. The man at the forefront of crafting and announcing the deal, Industry and Commerce minister Mike Bimha, said “nothing solid has been signed to date”, though, he though...
Nestlé Zim retrenches 19 September 2017 HARARE - Multi-national food and drink company, Nestle Zimbabwe, has embarked on a retrenchment exercise, as part of the company's “business optimisation activities”. The exercise, which was voluntary, saw more than 20 workers exiting the company, which employs more than a 100. “Despite our ...
Industry to get smart meters 23 November 2016 HARARE - National power utility Zesa Holdings (Zesa) says it is finalising the framework for the installation of smart meters to industry and farmers. The parastatal's chief executive, Josh Chifamba, on Monday said his organisation is targeting to install 40 000 prepaid smart metres for bulk p...
Zim education now meaningless 1 October 2016 HARARE - Thousands of students from the University of Zimbabwe graduated yesterday but a dark cloud hovered over the celebrations amid indications that many of the graduates are only fuelling the high unemployment rate in the country due to lack of job opportunities. As per tradition, Presiden...
Industry calls for clear tender regulations 9 June 2016 HARARE - Zimbabwe must put all public projects bidding to open tender as shadowy processes are costing the country millions, industry experts have warned. Bankers Association of Zimbabwe immediate past president George Guvamatanga last week said government had to re-look its position on awardi...
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...
2013 poll lies haunt Mugabe's Zanu PF 22 March 2016 HARARE - With a mere two years to go to Zimbabwe's next national elections, Zanu PF's pie-in-the-sky 2013 election promises are coming back to bite the governing party, with the economy continuing to tank and bleed tens of thousands of badly-needed jobs every new year. This comes as analysts s...
2016 will be tougher: ZNCC boss 12 January 2016 HARARE - The year 2015 proved to be a very challenging year not only for companies but for individuals as well. And in the absence of strong economic reforms and the impending drought, the situation is expected to deteriorate further this year. Our Business Editor John Kachembere (JK) speaks w...
No respite for 'povo' in 2016 30 December 2015 HARARE - It seemingly never rains but pours for long-suffering Zimbabweans, with analysts warning that 2016, which ruptures into life on Friday, will be harder and nastier all round compared to 2015 which was itself described as an “annus horribilis” (horrible year). Political and economic exp...
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...
Mujuru blueprint: Don't get too excited yet 14 September 2015 EDITOR — I am surprised as to what people are getting so excited about with regards the recent political developments in the country. I think this excitement is born out of desperation and frustration. If Mai Mujuru had not been booted out of Zanu PF, do you think she would be publishing th...
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 ...
'Mugabe has no solution to crisis' 25 August 2015 HARARE - Zimbabweans have implored President Robert Mugabe, to at least commit himself to meaningful human rights and economic reforms if his State of the Nation address today is not to become a complete damp squib, and if the country is to be brought back from the edge of the precipice. The n...
Mujuru ghost haunts Grace 24 August 2015 HARARE - After fronting the brutal purging of former Vice President Joice Mujuru and other stalwarts in the warring Zanu PF last year, and swiftly moving to become arguably the single most powerful person in the country, the political tide appears to be turning against controversial First Lady Gr...
Zim facing economic catastrophe 24 August 2015 HARARE - I know everyone is fed up with the continuous state of crisis in Zimbabwe but that is no reason for not paying attention to its implications. In 1976 it was an intervention by the American Secretary of State that attempted to address the political, economic and social crisis in Zimbab...
Fear of mass protests rises 21 August 2015 HARARE - With most Zimbabweans stressing about the country's dying economy and rising poverty levels, as well as the heightened company closures and job redundancies, more and more observers are predicting the imminent explosion of social unrest and debilitating mass actions. The latest to env...
Zim's mining, manufacturing sectors shed 30 100 jobs 15 April 2015 HARARE - The Zimbabwe National Statistics Agency (Zimstat) says 30 100 workers lost their jobs in the mining and manufacturing sectors last year. “There has been a decline in the number of people employed in the manufacturing sector from 118 600 employees to 93 100 in 2014 and the mining sec..
Mugabe, industry must meet urgently 24 October 2014 HARARE - President Robert Mugabe has indicated that he wants to meet industry players before year-end to ascertain the extent of damage in the sector. While we understand that the meeting is long overdue — as it should have been conducted last year soon after the elections — nonetheless the mo...
Bimha submits 'state of industry' report to Mugabe 10 October 2014 HARARE - Industry minister, Mike Bimha, says he has submitted a state of the industry report to President Robert Mugabe and the Cabinet. Mugabe had requested Bimha to compile a detailed report on the moribund sector, with a view to finding solutions to challenges bedevilling t...
Zim mulls domestic processing industry 23 August 2014 HARARE - Government should put an end to exports of raw materials as a first step in establishing domestic processing industries that will dramatically boost revenue from sales of finished products, hike tax receipts and benefit Zimbabweans, President Robert Mugabe said yesterday. Officially o...