Paint company violates RBZ regulations
A local paint company yesterday appeared at the Harare Magistrates Court for violating the Reserve Bank of Zimbabwe regulations, which compels it to disclose its daily cash sales and deposit … Read More
Category: Manufacturing
DZHL volumes drop 32% in first half
Zimbabwe Stock Exchange listed entity Dairibord Zimbabwe Holdings Limited (DZHL) found the going tough for the half year period to June 2020. The period saw the company record a 32 … Read More
Zim’s new cannabis law opens doors for big business
Recently, the Government gazetted Statutory Instrument 218 of 2020 [CAP. 18:24 Agriculture Marketing Authority (Industrial Hemp) Regulations, 2020 that regularised the growing, processing and supply of industrial hemp (cannabis) by … Read More
Zim to get bus assembly plant
Zimbabwe, through a joint venture cooperation with Belarus, will soon set up a vehicle assembly plant for the production of buses suitable for the local terrain, a move that dovetails … Read More
Zimasco revs up to resume production
MIDLANDS-based ferrochrome producer, Zimasco Private Limited, has begun preparatory works towards resuming operations starting this quarter after six months of closure. The company suspended its smelting and mining operations in … Read More
Lafarge in US$25 million Capex
LAFARGE Cement Zimbabwe Limited is implementing a US$25 million capital expenditure programme expected to improve the company’s milling capacity and automating the Dry Mortar Mix (DMX) plant. A statement accompanying … Read More
National Foods FY 2020 net profit up 75 percent
ZIMBABWE’S largest foods manufacturer, National Foods Holdings Limited, recorded a 75 percent jump in inflation adjusted net profit to $1,6 billion for the year ended June 2020 on the back … Read More
Jinan Corporation to create 500 jobs, US$100m in exports
GWERU-based Chinese chrome smelter, Jinan Corporation is planning to construct four more furnaces at its Almid plant to increase its annual export earnings to US$100 million and create 500 more … Read More
Axia refines model to contain costs
Specialty retail group, Axia Corporation, remained resilient to record fair performance during the year to June 30, 2020 despite the effects of Covid-19 pandemic that weighed down its operations especially … Read More
Tobacco group ejects Zimbabwe’s Gold Leaf after accusations of dealing in illicit trade
The Fair Trade Independent Tobacco Association (FITA) has terminated the membership of one of its members, Gold Leaf Tobacco Corporation, with immediate effect, it said on Tuesday. The association, which … Read More
